The US Fashion Industry Association reports that 83% of fashion companies responding to a recent survey intend to reduce sourcing from China because of the ongoing trade dispute between it and the US. The survey also found that US fashion brands paid over $15 billion in tariffs on apparel, home textiles and footwear last year.
Female leaders in your organization might not be getting as many training and development opportunities as men, which is inequitable as well as a potential retention problem, writes Alaina Love. "Development plans should be forward-focused and include stretch assignments, exposure to senior leadership and projects that allow women to practice skills they will need for advanced roles," she writes.
B2B sellers can use 3D and augmented reality to help buyers conduct product research, consider customizations and evaluate upgrades, writes Vince Cacace. These technologies can be accessed without the need for apps, he notes.
Demographic and consumer trends are cutting into consumer packaged goods manufacturers' traditional businesses, so they're increasingly buying skin-care startups with global growth potential. "Our clients are looking to acquire, and they are prepared to pay more than we think they should pay for beauty startups," said New England Consulting Group CEO Gary Stibel.
Nearly half of manufacturers are in the beginning stages of technologies related to the fourth industrial revolution, while 70% plan to spend more next year, according to a survey by PwC and the Manufacturing Institute. Adopting the industrial internet of things and other technologies can help companies regardless of the economic climate, write Steve Pillsbury of PwC and Chad Moutray, chief economist at the National Association of Manufacturers.
Manufacturers of products with younger buyers, such as electronics, are more involved in B2B e-commerce than those serving older buyers, such as automotive manufacturers, argues Karie Daudt of Perficient Digital.
Hackers are going after sensors and other connected devices, seeking to physically damage industrial facilities, James Koelsch writes. Industrial internet of things devices have unique vulnerabilities and therefore require special defense strategies, he writes.
Transparency can minimize disruption in complex supply chains, but it requires proper technology, accountability and a commitment to corporate social responsibility, writes Mark Kozeal of Bloomberg Environment. "By leveraging the right mix of digital tools, strategic partnerships and hands-on tactics, global organizations not only can increase supply-chain transparency, but also greatly benefit from it," he writes.
Sensors, wearables and modern robotics are just three of the many ways industrial internet of things technology can be used in manufacturing operations to improve safety, Kayla Matthews writes.
Global food, personal care and cosmetic company Organo is adopting the IBM Food Trust blockchain-based product-tracing platform, and Bumble Bee Foods is using the Cloud Platform Blockchain service from SAP to enhance its seafood traceability. IBM is also teaming with Merck, KPMG and Walmart to test a program to identify, trace and track vaccines and prescription drugs within the US.
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