MSC Industrial CEO Erik Gershwind says the company has no plans to cut its workforce despite a sluggish industrial situation. Instead, MSC is relying on a long-term plan to keep expenses down and capitalize on niche customer needs as it waits for the market to rebound.
The union representing Hyundai Motor workers in South Korea staged a full strike today, costing the company production of 114,000 vehicles worth $2.26 billion. A partial strike could continue through the end of the week, with stoppages potentially lasting into next week.
Dockside servicers and transportation companies are requesting higher fees to unload and deliver cargo from Hanjin Shipping vessels, leading to claims of price gouging. The cost to ship items from Asia to the US has nearly doubled since the company filed for bankruptcy, which could create supply chain headaches during the holiday season.
Wal-Mart's $3.3 billion acquisition this week of Jet.com could make the retailer the dominant player in low-price online retail, said consultant Bill Bishop. Jet.com grew to about $1 billion in annual sales in a little more than a year with a dynamic pricing model.
Ground and home delivery through FedEx will cost 4.9% more, and air-shipping express delivery costs will rise 3.9% effective Jan. 2, along with other changes. A UPS rate increase took effect this week, with air and international services due to cost more beginning Dec. 26.
Tech Data CEO Bob Dutkowsky says the pending purchase of Avnet's Technology Solutions unit will also help the company finally move into Australia. "We always viewed Australia as the base from which we would start our expansion, then spread across the region," he said.
Unilever revamped its European supply chain after sales declined in 2008, and this year Gartner ranked it the best supply chain in Europe. The overhaul led to a 20% reduction in trucking costs and a 40% reduction in capital expenditure.
Shipt will hire 200 more shoppers in Michigan in response to heavy demand for Meijer's new 24-hour grocery delivery service. The retailer's delivery partner had hired 300 in preparation for the Sept. 15 launch of the service, which covers the Detroit area.
FedEx has announced it will change the way it calculates domestic air and ground parcel shipping costs, basing costs on dimensions, rather than weight, for more parcels. The new formula, effective Jan. 2, uses a divisor of 139 instead of 166, substantially increasing costs.
As e-commerce continues to grow, small and medium-sized retailers will need more comprehensive shipping solutions that include automation and workflow solutions. This piece provides a look at several shipping solutions and management options.
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