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Image via Flickr by Joe Goldberg Businesses often don’t take the time to research the small details of their logistics and manufacturing. They make decisions based on costs projected by their vendors and subcontractors. This means vendors have been able to get away with practices that are not acceptable, such as slavery.Oops! You don’t have…
One of the biggest reasons more farmers do not grow food organically is that they don’t have the resources to implement organic practices. Costco knows that its Image via Flickr jeepersmedia customers want organic food, so the company has developed a program to help its suppliers buy equipment and land to organically grow food. Costco…
Image via Flickr by liewcf In an uncertain world, there were still things people believed they could depend on. Some of these things included our need for consumer electronics like alarm clocks and home telephones. However, the introduction of the smartphone to the market has uprooted a number of key supply chains, leaving once-thriving industries…
Image via Flickr gvgoebel The 2008 financial crisis put the global container industry in turmoil. Since then, the road to recovery has been long and difficult. Even A.P. Moeller-Maersk, the biggest shipping company in the world, has cut costs and adjusted its operations accordingly. Around the world, several ocean carrier mergers have occurred in order…
Image via Flickr by Leszek Kozlowski The crisis in Ukraine started over a year ago when pro-Moscow leader Viktor Yanukovych broke a trade agreement with the E.U. in favor of an agreement with Russia. This caused protests in Kiev, eventually toppling Mr. Yanukovych and causing Russia to move in and annex Crimea. Now, Russia is…
Image via Flickr by star5112 How much money are you willing to pay for a cup of coffee? You’ve probably seen higher prices at the chain coffee stores because the price of coffee beans has more than doubled since January. This is partially due to the major drought in Brazil and other parts of Central…