Teams value CEOs who make brave shifts in strategy and focus on developing team members, writes Cheryl Bachelder, former CEO of Popeyes Louisiana Kitchen. Employees also want clear statements about your principles and values, as well as seeing how you live those even when pressured to act otherwise, she writes.
Hoping to replicate the Texas shale boom elsewhere, oil giants such as Chevron are applying factory models to simplify hydraulic fracturing operations and solve and prevent pipeline bottlenecks, labor shortages and other problems plaguing the US shale industry. "They can transfer technology and skilled people across assets and parts of their portfolio from North America to Argentina," says Andrew Slaughter, executive director of Deloitte's Center for Energy Solutions.
Distributors can increase their odds of making the first page of Google search results by using relevant keywords, accruing backlinks and developing rich product content, writes Dean Mueller, a partner at Real Results Marketing. "Provide solid, relevant and useful information to your customers and prospects for a higher probability of search engines looking on your site favorably," he writes.
Mergers and acquisitions such as the June purchase of HiTouch Business Services are helping Staples strengthen its business-to-business foothold. "We will continue to look for strategic opportunities like this one where we feel we can help create better options for businesses in the marketplace," CEO Sandy Douglas says.
Vehicles have increasing amounts of electronics, which can add complexity and cost to repairs. "Minor fender benders now damage sensitive safety components located in bumpers, side mirrors and fenders, increasing the number of vehicles needing sensor calibration and repair," says asTech's Dan Young.
The Indiana Finance Authority's board has given unanimous approval to a 35% increase in tolls for large trucks and other heavy vehicles with more than two axles. The new rate will be implemented Oct. 5, and the state plans to improve infrastructure with the additional $1 billion that's expected to be generated over three years.
Fourth-party logistics providers don't have a distinct definition, says Josh Nelson of the Hackett Group, but they often cover ground like reverse logistics that third-party logistics firms can't handle. Trust over time is key for a company to allow a 3PL to take on additional duties, Nelson adds.
British Prime Minister Theresa May said at the end of an EU summit the UK is prepared to leave the EU without a transition arrangement "if we get to the position where it is not possible to reach a deal." The statement came after European Council President Donald Tusk said the UK's proposed Brexit plan "will not work."
A move away from a global focus is becoming necessary for many companies in favor of customized local supply chain operations, says a report from A.T. Kearney. While companies should still compete internationally, there's a need to avoid applying a one-size-fits-all approach to all operations and instead create a customized solution that fits the local community.
The US economy is growing, with gross domestic product up 2.9% in 2017, but the demand is straining logistics services in all sectors, according to a report from CSCMP and Penske Logistics. Costs have risen 6.2% in the past year due to increasing interest, higher fuel prices and a strained labor market.
- Page 1