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Image via Flickr JeepersMedia Recalls can have damaging effects on a brand. Investors predicted that Samsung would learn this firsthand after recalling its Note 7 smartphone in October 2016. Many consumers lost trust in the brand, and Samsung has spent millions of dollars trying to alleviate the damage. Check out how Samsung handled the recall…
Image via Flickr aushiker In 2015, ocean cargo rates for contracts on major East-West routes saw a sharp decline. As a result, carrier profits have been suffering. Contract rates have fallen because of lower fuel costs, more carrier competition, and surplus vessel capacity. Take a look at what this means for the transportation industry now…
Image via Flickr by INeedCoffee.com In November, the London Metals Exchange cracked down on the metals warehouses it regulates, such as soda and beer can manufacturers, after years of complaints by metals consumers that the warehouses were limiting supplies and driving up costs. Now, the U.S. Justice Department is getting involved, but refuses to say exactly how…
Image via Flickr gvgoebel The 2008 financial crisis put the global container industry in turmoil. Since then, the road to recovery has been long and difficult. Even A.P. Moeller-Maersk, the biggest shipping company in the world, has cut costs and adjusted its operations accordingly. Around the world, several ocean carrier mergers have occurred in order…
Image via Flickr by Sidduz Since the début of the first Mac desktop in 1984, PCs have steadily gained favoritism among consumers over Macs. In 2004, there were about 55 times as many PCs sold than Apple computers. Macs begin to gain more acceptance around this time, but it wasn’t until the launch of the…
Image via Flickr by Buster Benson In May 2015, the U.S. Department of Transportation announced the biggest car recall in U.S. history. Approximately 34 million vehicles from 11 manufacturers all have defective airbag inflators that can rupture, sending metal shards into a vehicle’s compartment during an accident. This highlights the high supply chain risk in…