For decades now, businesses have been using large metal containers to ship their goods around the world. These containers easily transfer from large cargo ships to trains for distribution. However, manufacturers are making larger and larger cargo ships that end up causing supply chain issues.
Sysco Corp. announced in December 2014 that they would buy US Foods for $3.5 billion to create a food distributor monster company. The deal would combine two of the largest food distributors in the U.S. After the announcement, Sysco’s shares jumped by 25 percent. Investors obviously saw the value in Sysco’s supply chain and US…
The Federal Trade Commission (FTC) works hard to protect consumers from unfair business practices, fraudulent behavior, and inaccurate information. They work with the Food and Drug Administration (FDA) to make consumers aware of what they are buying. Periodically, they make revisions to their laws. That’s what the FTC planned to do when they asked for…
At the beginning of February 2015, health insurer Anthem Inc. faced a massive cyberattack where there was a breach in patient records. Hackers got away with patient names, social security numbers, and health information of millions of customers. The Wall Street Journal went on to report that the cyberattacks could possibly be linked to China…
Third-party logistics provider, Wheels Group, Inc., just announced that they are being acquired by Radiant Logistics, Inc. Wheels is one of the largest logistics providers in Canada serving hundreds of small and large companies. Wheel’s operations are based in Toronto, Canada and they have warehouse and distribution centers located throughout Canada and the U.S. A…
Staples CEO Ron Sargent just announced that his company will acquire Office Depot for the sum of $6.3 billion along with some company shares. He said, “This is a transformational acquisition which enables Staples to provide more value to customers, and more effectively compete in a rapidly evolving competitive environment.” Consumers are noticing that Staples…
Ryder Systems, Inc. is a third-party logistics provider that offers supply chain management solutions to both small and large companies across the U.S., Canada, Mexico, and some areas of Asia. They are a global business that has seen steady growth for several years, especially in their technology and security measures. Their most recent achievement is…
Milk used to be one of those things people would buy no matter what the price. However, a new study shows that this is no longer the case. The millennial generation is consuming less milk on average than over a decade ago. This has created a surplus of milk in the market, and in 2015…
After years of contention, relations between the U.S. and Cuba are finally improving. President Obama is following through on his promise to facilitate communication and work on lifting the embargo. Of course, that action will have to be officially approved by Congress before moving forward. However, some trade bans have already been lifted. People are…
Target recently announced their plans to pull operations from Canada and focus instead solely on their U.S. market. The decision was made after the CEO and business analysts took a close look at operations in Canada and could not find a way to be profitable until at least 2021. Currently, Target Canada has 17,600 employees…