General Motor’s introduce their B2B electric vehicle brand, BrightDrop, back in January 2021. At the time, they also announced a deal to supply Fedex with these new electric vehicles. Fast-forward to this January 2022, BrightDrop announced another deal with Walmart for 5,000 electric vehicles. In addition to last year’s deal with Fedex, Fedex also announced…
The on-going chip shortage has been covered extensively throughout 2021 and now into 2022. Many manufacturers from automobiles, computers, to musical instruments have all been negatively affected by the chip shortage and supply issues. However, Tesla, led by Elon Musk, has managed to overcome many of the supply chain issues and boost deliveries by 87%….
As the demand for e-commerce grows, it has continually presented logistics managers with a range of challenges. Last-mile logistics remains one of the most pressing tasks for logistics experts, and it doesn’t yet have a clear-cut solution. Discover some of the biggest challenges related to last-mile logistics and find out how some major e-commerce companies…
In a highly competitive market like the retail industry, collaboration may seem like a big risk that isn’t worth the effort. More companies are realizing, however, that when they work together and share information through their suppliers, the end results are extremely beneficial.
Within the last decade, the corporate world has finally given supply chain management the attention it deserves. Experts have recognized the integral role the supply chain plays in daily operations and, ultimately, the overall success of a business. Ideally, supply chain management is a seamless collaboration between every department within a company. Supply chain policies…
One of the biggest debates in the world of supply chain management is whether it’s better to centralize or decentralize procurement and logistics operations. Greenland Contractors, in charge of daily operations at Thule Air Base, entered a partnership with Arctic Import of North Denmark that will streamline their contracts.
Supply chain management is often taken for granted in the business world. Regardless of industry, the supply chain is the backbone of any company. It begins with procuring the materials or services needed to create the end product and continues until the finished goods are in the customer’s hands. This process typically involves a range…
The primary focus of supply chain management has always been lowering costs and reducing risks. More recently however, a comprehensive strategy for social, economic, and environmental sustainability is the biggest concern for many businesses.
Increasingly today, the work of a CFO has become much broader in the corporate world. They are often looked to by CEOs and other members of higher-management as a resource for information and assistance with other company-wide issues. Finding opportunities and figuring out profitable ways to use corporate finances is an important and vital part…