Bob Tita writes in the WSJ that Caterpillar is announcing another round of plant closings and consolidations. These actions follow on the heels of similar announcements that have affected Caterpillar plants globally over the past several years. In an effort to get ahead of the market the company made several strategic mistakes in spending billions on resizing their supply chain to meet a market demand that did not take into account the multiple sector disruptive influences that could derail their well laid plans. The good news is that the company is making progress in righting itself and will be prepared to move forward.
In the March 16 edition of the WSJ, Ester Fung writes about the “click’s and brick’s” retail trend and its impact on the disruption in retail that has been plaguing retail–space owners for years. As e-commerce continues to carve up sales at the traditional brick and mortar sites, online sellers are looking to open physical stores to complement their on-line presence. This is a new gamble for landlords but it is giving them hope and a new customer base.
For months we have been following the story of the Toys R Us bankruptcy and wondering if the department store chain could survive the perfect storm that it finds itself in. We learned last Friday from several reports that the retailer could close all of its stores as early as this week. Regardless of whether Toys R Us pulls through its challenging winter period, one thing is for certain: toy retailers, even when it comes to multinational giants, must be savvy about the way they are conducting their business or they may risk losing out to web rivals and discounters.
This week’s business news was dominated by President Trump’s announcement that the U.S. will impose tariffs on steel and aluminum imports starting next week, imposing a 10 percent tariff for aluminum and a 25 percent tariff for steel. The announcement was met by a tumble in the stock market and a chorus of voices calling the move a big mistake and very disruptive to global supply chains.
Welcome to GLDPartners weekly feature, Supply Chain Intelligence Report, where we highlight important topics and articles that present the tactics and strategies that companies and industry sectors are using to adjust to the onslaught of change in the current age of supply chain disruption.
In every part of our lives today we hear about the age of disruption and the breakneck acceleration of technology and innovation and its transformative impact on industries of all types. At the heart of each industry’s reaction to change is their supply chain and distribution network strategy. After all, if goods cannot be moved [...]
The Wall Street Journal is reporting that Taiwan’s Foxconn, Samsung Electronics Company and LG Electronics are all poised to make big investments in the United States. Foxconn Technology Group is preparing to decide on one of seven states where it plans to spend some $10 billion to expand its contract manufacturing operations, a move that will draw in Foxconn’s huge network of suppliers and parts distribution.
Congratulations to Ted Stevens Anchorage International Airport (ANC) for once again earning several Air Cargo Excellance Awards. Created in 2005, these awards are based on the results of the exclusive, anonymous Air Cargo Excellance survey that is carried out and published annually by Air Cargo World. Airports are judged by forwarders, cargo agents, and third party logistics providers on an airport’s performance, facilities, and value.
Early in December GLDPartners visited Sheridan Wyoming to collaborate with the economic development entity Forward Sheridan and its community partners to assess the Sheridan economic development investment attraction opportunity, particularly in terms of tech-related manufacturing.
The WSJ is reporting that Rockwell Collins Inc. has entered into an agreement to buy B/E Aerospace Inc. for 6.4 billion. This acquisition will unite two of the global aerospace industry’s largest suppliers. Today, aerospace is a highly concentrated industry, dominated by a small number of large firms that are supported by a large number of smaller contractors. Consolidation is now the norm for aerospace providers. The sector is a capital intensive and high-value added industry. Profitability depends a great deal on technical expertise, innovation and the ability to accurately price long-term contracts for programs that may take years to design, develop and build.