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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”…
Image via Flickr by raymond_whittaker Businesses build a number of vendor relationships over time, and it’s easy to stick with the same one for year after year, even when they’re not meeting your needs. Ask yourself these questions to determine if it might be time for a change.Oops! You don’t have permission to view this…
Image via Flickr by andjohan We’ve all heard news reports about companies shutting down their US factories and moving those jobs overseas, causing hundreds and thousands of Americans to become unemployed. How could outsourcing possibly be good for the local economy when it immediately results in lost jobs?Oops! You don’t have permission to view this…
Image via Flickr by informatique Argos is the biggest non-food retailer in the United Kingdom. Their annual sales are $6.7 billion. They sell home improvement products, lawn and garden items, and other home and electrical appliances from their catalog, website and 700 stores around the United Kingdom and Ireland. During their rapid growth, Argos needed…
Image via Flickr by Leszek Kozlowski The crisis in Ukraine started over a year ago when pro-Moscow leader Viktor Yanukovych broke a trade agreement with the E.U. in favor of an agreement with Russia. This caused protests in Kiev, eventually toppling Mr. Yanukovych and causing Russia to move in and annex Crimea. Now, Russia is…
Image via Flickr cuxclipper The container ship industry has experienced significant change recently. An influx of new ships that boast more container capacity and cheaper fuel costs have caused shipping prices to drop and ocean liners to collect lower profits. However, many container ship and port terminal companies see this as an opportunity to expand…