At the beginning of September, Nevada Legislators approved Tesla’s $5 billion Gigafactory to be built in Reno. The state wooed Tesla with a $1.25 billion incentive package. The package included several tax credits and abatements as well as a discount on electricity and free land. The state beat out competitors such as California, Arizona, New…
A lot of logistics goes on behind the scenes in hospitals. Doctors and nurses would not be able to do their jobs efficiently or effectively without the right supplies. All hospitals and healthcare facilities need distribution specialists as well as warehouse workers, couriers, purchasers, and supply chain management. It’s a competitive field and some companies…
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 facing sanctions because of the situation…
Technology guru IBM and logistics expert JDA Software Group Inc. are teaming up to provide shippers with an omni-channel supply chain system. It will help shippers make decisions based on real-time data and provide customers with the best possible fulfillment options.
Outsourcing the production of goods is not a new thing. Companies know they can manufacture most products for cheaper overseas and still charge consumers high prices. Consumers don’t blink an eye because it is a common business practice that they’ve come to accept. Outsourcing is a business decision — cheaper labor means more profits for…
It’s getting more expensive to manufacture electronics in China. That’s why several companies including LG, Microsoft, and Samsung are moving operations to Vietnam where the labor is cheaper and the tax breaks are better. Samsung Electronics plans to build a second mobile phone plant in Vietnam for around $3 billion.
How much money are you willing to pay for a cup of coffee? You’ve probably seen higher prices at the chain coffee stores because the price of coffee beans has more than doubled since January. This is partially due to the major drought in Brazil and other parts of Central America where a large portion…
South Africa’s economy is struggling to recover after a five-month strike by platinum miners. However, the effects of the strike are more far reaching than that. The price of precious metals around the world has gone up, and it is affecting the global economy. It could take several months for the market to return to…
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 a whole new level with their…
Tesla and Fisker have similar stories. They both introduced luxury sports cars to the market around the same time — Fisker’s Karma at the end of 2010 and Tesla’s Roadster at the end of 2009. They also both got loans from the U.S. Department of Energy to ramp up production. Tesla racked up a huge…