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According to a recent PwC report, industrial manufacturing (IM) CEOs are more optimistic this year compared to last, but energy costs are still a question mark.
U.S. manufacturing expanded more quickly last month as companies received more orders and boosted their stockpiles. But a measure of production fell to its lowest level in nearly five years, likely a casualty of severe winter weather.
Monthly trade data show the value of crude and petroleum products net imports was roughly equal to the value of electronics net imports in November 2013, and close to the value of net imports of both machinery and vehicles and parts.
Gene Tyndall, the EVP of Global Supply Chain at Tompkins International, presents five supply chain predictions for 2014.
If someone is not ordering the goods or services you provide, then the rest of your problems will quickly go away, and so will your company.
BNSF Railway Co. said it intends to buy a fleet of 5,000 strengthened tank cars to haul oil and ethanol in a move that would set a higher benchmark for safety within an industry that's seen multiple major accidents.
The Ergo-Label Beam is the blended, engineered design of two popular Frazier order picking solutions developed in response to customer needs for more efficient, cost effective order picking alternatives, says the company.
As one of the largest industrial distributors in North America, HD Supply oversees product inventories of more than one million SKUs. As the company grew their SKU count and supplier base, tracking began to get increasingly complex and emails more difficult to manage.
Wholesale distribution companies are under increasing pressure to reassert their role in the broader supply network. Direct-to-consumer sales by manufacturers threaten to erode margins. The launch of AmazonSupply.com sets the stage for B2B buyers to take advantage of economies of scale that are virtually impossible for mid-market distributors to match.
There is much debate over the effectiveness of outsourcing, the effect it has had on “American” brand quality, and the effect it is having on the U.S. economy and its ability to pull out of the current recession. In some cases, it has proven to be a good move. In some cases it has proven disastrous.
The newly established Commission for Logistics and Supply Chain Collaboration, which held its first meeting Feb. 11, aims to develop a statewide strategy featuring a partnership between government and industry in the pursuit of raising the international profile of Michigan’s logistics capabilities.
If you have any experience in shipping LTL, you know how volatile, process driven, and challenging it can be to make sure you get the best carrier, best time, best rate, and are making the best long term decisions. One of the most important factors is freight classification.
Said Alliance for American Manufacturing (AAM) President Scott Paul: "Even America’s emerging energy trade advantage can’t mask the damage done by our record trade deficit with China. Since 2009, the trade deficit with China has risen by 40%."
As quarterly earnings reports roll in for publicly-traded companies, it is apparent that the last quarter was not a great one for many industrial distributors despite the rise in sales. Yet many distributors say they’re optimistic about 2014 and expect a number of sectors to rebound, including non-residential construction, petrochemical, and oil and gas.
For the full year 2014, The Timken Company expects steel sales to be up 12-to-17%, driven by improved demand in the oil and gas and industrial end-market sectors.
With the mission to empower clients to achieve greater visibility in their business through the use of RFID technology, RFID by Barcoding takes a systematic approach to implementing an RFID system, beginning with a business processes review.
The traditional thinking in logistics goes that if you want your company to make more, you’ll hire drivers known for getting to their destinations quickly. The latest research, however, doesn’t support that idea.
The price of oil crept up toward $95 a barrel Tuesday after China's central bank injected credit into the financial system to offset concerns about slower economic growth, and experts raised their forecast for global crude demand.
When you think of strongholds for the electronics industry, you might think of Asia. But you could be wrong. China is becoming a far less attractive manufacturing option for American companies.
Powered by Standard Register’s SMARTworks® technology, this solution combines the convenience of ecommerce ordering with pre-approved inks, substrates and adhesives, automated manufacturing, and robust distribution.
U.S. import prices recorded no change in December, the U.S. Bureau of Labor Statistics reported today, following declines of 0.9% in November and 0.6% in October. In December, higher fuel prices offset declining nonfuel prices. U.S. export prices advanced 0.4% in December, after edging up 0.1% the previous month.
Seeing China’s manufacturing sector shrink is a trend that excites Americans, although it may not actually alleviate much of the pressure around a U.S. unemployment rate of 7.3%. The reality, according to many experts, is that the phenomenon is more one of nearshoring than reshoring, as many of these businesses – along with their jobs – head to Mexico.
Alcoa is struggling with a worldwide glut of aluminum that is creating stubbornly weak prices — in the quarter, the company received an average price that was 7% lower than it got a year earlier. The company has idled one-sixth of its smelting capacity and could make more cuts.
Iran and six world powers announced Sunday a plan to implement a six-month interim agreement on the Islamic Republic's nuclear program. Some economic sanctions against Iran will be eased while Tehran has agreed to limit its uranium enrichment and allow international inspectors access to its nuclear facilities.
The private equity game was once focused on buying and selling a company as quickly as possible. But the industry has evolved to focus more on engineering companies’ supply chains to build profit and value.
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