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Image via Flickr by Mark Hillary Outsourcing the production of goods is not a new thing. Companies know they can manufacture most products for cheaper overseas and still charge consumers high prices. Consumers don’t blink an eye because it is a common business practice that they’ve come to accept. Outsourcing is a business decision —…
Image via Flickr by Phil Manker Proctor & Gamble employs 130,000 workers in 80 countries, offering a variety of consumer products under an array of brand names. In 2005, this $55 billion company acquired Gillette, a Cincinnati, Ohio based company which provides razors, Oral-B dental health products, Braun shavers, Duracell batteries, and various small appliances….
Image via Flickr by theimpulsivebuy Many people have grown up eating cereal across the U.S., and Kellogg’s has become a household brand. The company manufactures a long list of cereals including Froot Loops, Special K, Raisin Bran, Frosted Mini-Wheats, and Frosted Flakes. Kellogg’s makes much more than cereal, though. Some of the company’s other food…
Image via Flickr aushiker In 2015, ocean cargo rates for contracts on major East-West routes saw a sharp decline. As a result, carrier profits have been suffering. Contract rates have fallen because of lower fuel costs, more carrier competition, and surplus vessel capacity. Take a look at what this means for the transportation industry now…
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Image via Flickr ted_major Listeria, salmonella, E. coli, and other foodborne illnesses have made numerous headlines in 2016, forcing companies to recall affected food products. This places tremendous strain on their supply chains. Take a look at what companies go through when they recall a product and how this affects their operations and the economy.Oops!…