Walmart is leveraging the popularity of buy online, pick up in store, providing the convenience of online ordering while eliminating the wait time and cost associated with shipping. The retailer also offers free pickup at any FedEx Office location, mobile check-in to have orders ready when a customer arrives and, at many locations, grocery pickup and loading.
Growing in popularity within our industry, the NAW Certificate in Distribution Professional Management Program is ideal for high-potential managers who seek to complement their professional development with a strong emphasis on practical application within the distribution field. Three, one-week sessions at Texas A&M University focus on Generating and Managing Growth (Feb. 10-14), Distributor Capability Development (April 13-17), and Optimizing Distributor Profitability (Oct. 19-23). Get all the details and enroll your high achievers today before the seats are gone.
Core & Main CEO Steve LeClair has seen the company "run at a hectic pace" since becoming independent in 2017, with employees succeeding in new roles and overcoming challenges. "Determining how much change can be driven and how fast we can run without breaking" has been Core & Main's biggest challenge, LeClair says.
The logistics industry will become the second-largest end user of collaborative robots by 2023, trailing only the electronics industry, according to an Interact Analysis report. Nonindustrial applications and smaller cobots will be among the emerging trends, the report predicts.
Startups such as Recyclops and Scrappy Pet Treat are pursuing a circular economy by offering recycling and reuse opportunities. Recyclops enables recycling pickup for businesses, apartments and rural areas through an app similar to Uber, while Scrappy Pet Treats turns eggshells into calcium-heavy pet food.
Dallas-based ScrapSource plans to handle up to $100 million worth of scrap metal in 2020 despite being in a difficult industry in terms of regulations and environmental concerns, founder Larry Olschwanger says. His company has successfully focused on buying and selling scrap, rather than processing it.
Return policies are crucial in a customer's decision to do repeat business with a retailer, according to an InComm Product Control report. Fifty-seven percent of respondents said they valued fast and easy return processes, while 63% said they would rather return an item to a store instead of mailing it back.
Manufacturers that succeed in terms of pricing power have deliberate strategies to set themselves apart, have analyzed the internal state of pricing power and know who affects pricing decisions, Stephan Liozu writes. "One way to generate intention is by including pricing power in the corporate strategic agenda at the top," he writes.
The majority of metal fabricators surveyed by the Fabricators & Manufacturers Association expect higher operating levels next year, although there are concerns about certain sectors and global economic conditions. Companies are focusing on managing risk and supply chains because of trade uncertainty.
Industrial internet of things platforms can make it easier for manufacturers to implement IIoT technology and keep it secure, Megan Ray Nichols writes. She explains how to introduce such platforms at a manufacturing site.
- Page 1