Amazon's shipping arm now handles more packages than FedEx and almost as many as UPS, according to a report from Pitney Bowes. The e-commerce giant's Amazon Logistics division delivered 4.2 billion parcels in 2020, compared with 1.9 billion the previous year, which represents 21% of the total delivery market, compared with 24% for UPS and 16% for FedEx, the report says.
Hearing a young financial leader's story of ill treatment and imminent departure to the competition reminded Michelle Ray that leaders must regularly invest in talent and encourage organizational transformation. "Whether it is a lack of gender or cultural diversity, a massive generational shift or your employees' voices speaking up on a host of social and economic issues, you need to pay close attention to the new realities," writes Ray, CEO of Lead Yourself First Enterprises.
Distributor advisory councils can help manufacturers and distributors collaborate and better understand end users, as well as showcase unique services that distributors can offer, writes James Hlavacek, chairman of The Corporate Development Institute. "Rather than act as a legislative body, a DAC openly discusses common matters of importance to users, distributors and manufacturers, as well as presents feedback on a manufacturer's proposed or existing policies," Hlavacek writes.
E-commerce continues to be a growth area for distributors, even as things like rich product data and a good buying experience remain challenges, says Jay Schneider. "While things like personalization sound like B2C concepts, we need to understand how these concepts may be incorporated into B2B -- like segmentation," Schneider says.
U.S. Steel is looking for a suitable site for a proposed $3 billion investment in a high-tech mini mill with electric arc furnaces. Construction is expected to start next year, with a production start of 2024.
General Motors has extended downtime at its Lake Orion, Mich., plant, which produces the Chevrolet Bolt, until the week of Oct. 11 because of a shortage of battery packs. The chip shortage has affected six other GM sites in North America.
Lucid says Air Dream Edition Range can travel 520 miles on a single charge, which would outpace Tesla and other competitors. "Our race-proven 900V battery and BMS [battery management system] technology, our miniaturized drive units, coupled with our Wunderbox [drivetrain] technology endow Lucid Air with ultra-high efficiency, enabling it to travel more miles from less battery energy," said Peter Rawlinson, CEO and chief technology officer at Lucid.
Machine builders should collaborate with manufacturers to increase cybersecurity in new devices and by upgrading existing equipment, write Connor Bolton and Grid Connect CEO Adam Justice. Builders can secure communication between networks and industrial equipment through asymmetric algorithms and cryptographic chips, among other means.
Analytics-driven companies can use their data to spend more efficiently, which in turn improves their cost position and liquidity while enhancing speed and decision-making, according to McKinsey researchers. Experts recommend looking beyond spend data, changing organizational mindset on benchmark data and investing in automation.
Organizations must identify suppliers' red flags to mitigate risk and protect their investment, writes Stephany Lapierre. To spot potential issues, Lapierre suggests looking at the price of goods, employee turnover rates, stock prices and external variables.
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