After two decades of economic growth and prosperity in China, the country has finally started to slow down. Countries that typically outsource to China are finding less expensive places to do business. Plus, China is not replenishing its population at a fast enough rate to replenish the workforce. Despite the slumping economy, China has found…
Nebraska is key to the success of Tyson Fresh Meats. The company has a large warehouse in Lexington that employs 2,700 people in their meat packaging business. This year, Tyson Fresh Meats plans to update the facility and expand its boxed beef department with a $47 million renovation and expansion. Several products are already packaged…
The Federal Aviation Administration (FAA) has been hard at work trying to keep the sky safe, but new innovations, such as drones, have been making their job more difficult. Well, things are about to get even more complicated as the first flying car hopes to make its début. This could happen as early as 2017.
U.S. based Penske Logistics LLC just came to an agreement with Mitsui & Co., Ltd. to purchase Transfreight North America. Penske is an established leader in the logistics industry and this acquisition will place them to excel and rapidly grow. Both companies are customer focused with similar cultures. The acquisition deal is expected to happen…
Apple is doing well. They had an amazing fiscal year because of iPhone 6 sales. Part of their success was a result of expansion into the mobile market in China and sales there. Apple has big plans for further business in China, and this is supported by their already strong supply chain in the country….
One reason why Wal-Mart has been able to expand so rapidly and beat out their competition is the fact that they control almost all of their own warehousing and shipping in house. Wal-Mart has several warehouses across the U.S. with their own fleet of trucks. However, that’s all about to change as Wal-Mart welcomes their…
In 2015, Kraft and Heinz will merge to create the third-largest food and beverage company in the U.S. The deal is backed by a $10 billion investment from 3G Capital and Warren Buffet’s Berkshire Hathaway Inc. The company’s new name will be “Kraft Heinz Co.,” and corporate offices will be located in both Pittsburgh and…
The Internet has been in the news a lot lately — net neutrality will remain the same and the Comcast-Time Warner Cable merger has been put at bay. However, there is still a major problem with Internet in the U.S. Most of the internet infrastructure across the country is outdated and slow. U.S. businesses want…
The Federal Aviation Administration (FFA) has been busy lately. Last month, they decided to lift the ban on commercial air drones, with the stipulation that the pilot must always maintain line-of-sight with his drone. This meant that Amazon did not have authorization to test their delivery drones. Amazon was rightfully upset and decided to fight…
Countries around the world are adding more capacity for renewable energy at an incredible rate. It is a race to see who can lower their dependence on fossil fuels, coal, natural gas, and oil first by implementing solar, wind, and other renewable energy sources. Some of the leaders around the world include East Africa and…