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The American Society of Civil Engineers (ASCE) recently released a report card of U.S. infrastructure, including roadways and bridges that the trucking industry depends upon to transport 68 percent of of all U.S. freight tonnage. Already, bridges have collapsed in Saint Paul, Minnesota; Green Bay, Wisconsin; and Mount Vernon, Washington. The ASCE gave roadways in…
China has always had one of the fastest growing economies — up until recently, a large chunk of the clothes and products sold in big chain stores came with the label, “Made in China.” However, things have been slowing down for China’s economy since 2009. This raises concerns that their economy could be headed for…
For decades now, businesses have been using large metal containers to ship their goods around the world. These containers easily transfer from large cargo ships to trains for distribution. However, manufacturers are making larger and larger cargo ships that end up causing supply chain issues.
Supply chain disruptions are inevitable. What’s important is how a company faces these obstacles and what actions they take to overcome them. “Building Resilience in Supply Chains” was the focus of this year’s World Economic Forum (WEF) meeting on January 24th. The report addresses common uncontrollable risks of global supply chains and outlines ways to…
LG, the South Korean manufacturer who took the consumer home appliance and electronics market by storm, is planning to announce that they are scaling down their production of personal computers heading into 2014. Part of the reason for the decision comes from the low market shares LG holds in the PC market. The other reason is the…
According to The Wall Street Journal’s Money Beat, “A smaller-than-expected trade surplus was a reflection of a fall in iron ore prices and metal ore exports for the month. Still, there is a bright spot in that Australia posted a record A$9.5 billion worth of exports to China — its biggest trading partner — despite…