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Image via Flickr by westonhighschoollibrary Several companies are investigating 3D printing because it could revolutionize the supply chain industry. Instead of having items made in a third-world country and then shipped around the world, 3D printing opens up the possibility of making products anywhere and minimizing shipping needs. This means 3D printing could save companies…
Image via Flickr by Phillip Stewart According to market research from Freedonia Group, the demand for corrugated and paperboard boxes in the U.S. will increase to $39.4 billion by 2018. That’s an increase of 2.6 percent per year. Additioanlly, the Freedonia Group projected that folding carton demand will increase by 1.4 percent per year.Box production…
Image via Flickr by U.S. Army Environmental Compound According to researcher Anupam Agrawal, a professor of business administration for the University of Illinois, there are several benefits in establishing relationships with suppliers beyond the first tier. However, most companies are neglecting to reach out to such companies. Agrawal recommends companies establishing such relationships by initiating a “sourcing hub”…
Image via Flickr by United Planet VC Train is a consortium made up of 120 third sector organizations (TSOs). It is based in South Yorkshire, which happened to be in great lack of quality programs able to attract, educate, and retain disadvantaged and underprivileged youth and adults. Their goal was to secure contracts with the…
Image via Flickr by melenita2012 Facebook is still the most popular social network on the Internet. It has more than 500 million active users and is still growing. That’s why Facebook has long been the marketing target for businesses. Businesses can reach millions of potential customers through this social network without spending a ton of…
Image via Flickr by gagilas Information management is at the top of the supply chain. Big data, and the innovative algorithms that drive it represent the future of supply chain management and the way companies will interpret bottom-line figures. As new technologies abound, companies are becoming even more creative with the way they analyze and…