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Image via Flickr by Yanki0 The Obama administration is pushing for the Trans-Pacific Partnership (TPP) Agreement to be approved because it would create major free trade between the U.S. and Pacific Rim countries by eliminating trade tariffs. Negotiations have been in the works since 2009 and the deal includes 11 nations other than the U.S.,…
Image via Flickr by Michael Mandiberg President Barack Obama wants to strengthen the manufacturing supply chains of the U.S. Therefore he supports the Supply Chain Innovation Initiative created by the Department of Commerce’s Manufacturing Extension Partnership. It is a competition aimed at helping small manufacturers in the U.S. implement new technologies and ultimately strengthen the…
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Image via Flickr Keith Yahl The Panama Canal recently expanded its locks to accommodate larger cargo ships. This has had a major impact on ports in the United States because they’ll need to unload cargo ships more quickly and to accommodate larger ships. To prepare, American ports are spending money on upgrades.Oops! You don’t have…
Image via Flickr by Mike Mozart Wal-Mart executives are considering a new price-matching program for their online retail division starting this holiday season. They already give their managers in brick-and-mortar stores the ability to price match competitor sales if a customer brings in proof of a cheaper price, but Wal-Mart is considering taking this to…
Image via Flickr by U.S. Army Environmental Compound According to researcher Anupam Agrawal, a professor of business administration for the University of Illinois, there are several benefits in establishing relationships with suppliers beyond the first tier. However, most companies are neglecting to reach out to such companies. Agrawal recommends companies establishing such relationships by initiating a “sourcing hub”…