Wal-Mart is a retail giant with more brick-and-mortar locations in the U.S. than any other brand. The company boasts "everyday low prices" and appeals to consumers looking to save money on groceries and household items. However, Wal-Mart's online sales are not as high as the company desires. In August 2016, Wal-Mart announced that it will acquire Jet.com for $3 billion as a strategic move to boost online sales. Check out what Wal-Mart stands to gain from this acquisition.
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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 Dick Thomas Johnson As tensions build on the Korean peninsula, the electronics industry is making preparations for possible shutdowns of large-scale electronics suppliers in South Korea. In our current supply chain, halting production of parts and components in any one region of the world seriously hinders the whole industry’s ability to…
Image via Flickr by Timitrius The third quarter of 2013 ended much like the rest of the year for the trucking industry, with basically flat earnings and a gain of just 2.8 percent overall. The new hours of service regulations did have an impact on earnings, but not all the carriers reported exactly how much….
Image via Flickr adifansnet As one of the largest sportswear brands in the world, Adidas needs to stay ahead of trends to maintain its position in the market. That’s why the company focuses on leaner and faster manufacturing processes. Adidas recently decided to take its manufacturing processes to an entirely new level.Oops! You don’t have…
Image via Flickr by Kolin Toney On Tuesday Feb. 18, President Obama announced new regulations for big trucks and fuel economy. In his recent address, the president stated: “Heavy-duty trucks account for just 4 percent of all the vehicles on the highway. […] But they’re responsible for about 20 percent of carbon pollution in the…
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