India's finance ministry decided not to exempt Apple from the country's local-sourcing rules, a move that could cause the tech company to back out of opening retail stores there. "You can't have a situation where people view India only as a market. Let them start doing some manufacturing here," said a government official. The government can choose to waive the requirement for retailers with "cutting-edge" technologies that aren't available in India.
Electrical distributors and suppliers agree that their relationship needs a recalibration, according to research conducted by Dirk Beveridge, author of "Innovate! How Successful Distributors Lead Change in Disruptive Times," as well as the National Association of Electrical Distributors. Trust has eroded, he notes, possibly because of changes to the business model that are affecting manufacturers and distributors alike.
Arrow Electronics has announced a partnership with crowdfunding website Indiegogo that promises information technology and Internet of Things solutions for entrepreneurs. "Crowdfunding has never before been integrated into a fully scaled innovation platform like this that spans collaborative online design, prototype support, production and supply chain management," said Arrow executive Matt Anderson.
The US Securities and Exchange Commission is taking a closer look at Alibaba's reporting of operating data from its $14 billion Singles Day to determine if any violations of federal securities law took place. The SEC also is investigating the e-commerce giant's accounting for its investment in Cainiao Network, a logistics company.
Over the last 18 months, industrial distributors have faced a particularly difficult climate amid falling oil prices and a drop in industrial product demand, according to Industrial Distribution's 69th Annual Survey of Distributor Operations. Distributors also cited e-commerce as major concern, while 31.8% said they would consider consolidation to offset tough economic conditions, a 9.3% increase from last year.
Network virtualization tools are essential to filling visibility gaps and have helped companies like HP Inc. cut supply chain risk and disruption response time, Chris Cunnane writes. HP uses its virtualization platform to assess threats as reported by third-party data subscription sources. "The biggest challenge for HP is the data -- they have a pretty complete set of data of manufacturers and suppliers, but it's not perfect," Cunnane writes.
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