Manufacturing companies are hoping to continue their revenue growth in 2018 by focusing on 3 key areas. KLR has released the results of its annual manufacturing industry outlook report, and the optimism following last year’s elections will continue straight through 2017. With promises of tax reform, decreased federal regulations and looser trade agreements, manufacturers have
Improve your company’s financial performance by implementing a risk-management strategy that plans for everyday events and disruptions. Supply chain disruptions can have a significant impact on business and financial performance. A recent PwC and the MIT Forum for Supply Chain Innovation survey found a strong correlation between the maturity of businesses’ risk-management processes and reduced decline
When it comes to leading during difficult times in the supply chain, planning is critical. So is flexibility. Winter storm Jonas is estimated to have cost $1 billion USD, although some believe the cost could go as high as $3 billion USD, as it paralyzed a large swath of the mid-Atlantic and Northeast. Some 30
Corporations worldwide spend billions of dollars on data security, but firewalls, data encryption, end-point protection, and network monitoring have little effect when your equipment is ready to be retired. In fact, IT asset disposition (ITAD) has been called the “soft underbelly of data security,” an area that is surprisingly overlooked given the costly consequences of
Marcelo Simiao, Lean Manager at Munters, discusses terrorism’s impact on the global supply chain. The supply chain needs to be protected for many reasons — after all, it’s what keeps food, medicine, and other critical goods flowing around the world. According to former U.S. Secretary of Homeland Security Janet Napolitano, “As globalization brings nations closer together, we
Apple has been making lives easier for years with its personal electronics devices, and its new step towards security will bring relief to many people and, in the age of BYOD (bring your own device) many businesses with be grateful. An increase in two digits, from four to six, might not sound like a big
A study conducted by Accenture found that supply chain risk management is seen by companies as a priority. Seventy-six percent of companies who participated in the survey described supply chain risk management as important or very important, and 25 percent of respondents reported that they are planning to make increased investments of at least 20
The social economy is estimated to be $1.3 trillion U.S. dollars annually. Social media is more than a collection of personal commentary, photos, and inspirational quotes. Increasingly, social media creates an opportunity to gather information, and social media is becoming a useful tool for businesses to connect with other businesses and clients. Although Facebook is
Entrants to the market need to understand the barriers to entry and problems with management and transparency within the pet food industry supply chain. This article is part of a series of articles written by MBA students and graduates from the University of New Hampshire Peter T. Paul College of Business and Economics. The pet food industry is a market that boasts
This article is part of a series of articles written by MBA students and graduates from the University of New Hampshire Peter T. Paul College of Business and Economics. Regularly tracking your relationship with your suppliers and their performance toward your expectations is critical to ensure the success of your business. One mechanism for tracking this is the supplier scorecard. A
This article is part of a series of articles written by MBA students and graduates from the University of New Hampshire Peter T. Paul College of Business and Economics. By now we have all heard the story of GM’s faulty ignition switches that are being linked to thirteen deaths and thirty one front-end collisions. The ignition switches in car models: Chevy
Social media and social media technologies have rapidly changed the way companies do business across every type of industry. Social media brings businesses closer to their customers, provides a platform for communication and building thought leadership, and when executed properly it can help drive business and provide a significant return on investment. Businesses that ignore
