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 and what this means…
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 to keep companies in…
In 2011, automakers in Japan faced months of production setbacks due to a massive earthquake. When it happened again in April 2016, Toyota was better prepared and is already bouncing back. The company is still losing money because of the quake, but losses aren’t as bad as they were in 2011. Take a look at…
Let this be a lesson in procurement, selecting based upon the lowest-cost is NEVER a good procurement strategy…it now looks like it will cost MORE to fix the issues caused by poor quality steel for this New Zealand bridge project.
China has become the leading manufacturer of goods in the world, but economic changes in the country are causing a shift in thought. For instance, wages for Chinese workers have tripled over the course of the past decade. This is causing manufacturers to move some outsourcing to countries where worker wages are still low. As…
In recent news, Russia and China have been working together on several trade agreements. They currently have a gas deal and an agricultural deal in the works, as well as credit agreements. Some people argue this could hurt the world’s economy, particularly the U.S. dollar. China and Russia are definitely becoming strong trade partners, and…
The government in New Delhi just announced that they plan to reform their tariff regime to be more in line with regional trade pacts that are being negotiated around the world. Right now, India’s tariffs are too different for the country to even be considered for membership in the Trans-Pacific Partnership. Basically, India’s tariffs are…
After two decades of economic growth and prosperity in China, the country has finally started to slow down. Countries that typically outsource to China are finding less expensive places to do business. Plus, China is not replenishing its population at a fast enough rate to replenish the workforce. Despite the slumping economy, China has found…
Apple is doing well. They had an amazing fiscal year because of iPhone 6 sales. Part of their success was a result of expansion into the mobile market in China and sales there. Apple has big plans for further business in China, and this is supported by their already strong supply chain in the country….
On March 17, Jet Airways announced that they will start operating dedicated freight planes instead of passenger-only planes. As long as the company gets regulatory approval, the first freight planes will begin operations in April 2015. Jet Airways will be the first Indian airline to offer all-freight services, putting them in a good position to…