Synnex posted $61.8 million in net income on revenue of $3.52 billion in its latest quarter, with both figures up from the year-ago period. Synnex CEO Kevin Murai said shortages in solid-state drives and memory products have been overcome by strong performance in other areas.
Wolseley will change its name to Ferguson in July, citing its US subsidiary as its "most significant brand in our largest market," said CEO John Martin. Ferguson Enterprises CEO Frank Roach will retire and be replaced by Kevin Murphy, effective Aug. 1.
Amazon's expansion into air cargo is another effort to support its internal needs, and logistics providers such as UPS and FedEx should watch closely, says BoldIQ CEO Roei Ganzarski. "It would not be a stretch to envision a not too distant future in which Amazon sees the power, quality and potential of what they have, and offer it externally to any and all companies with cargo needs," Ganzarski says.
Visibility is the fastest and most cost-effective way to avoid unnecessary disruptions in the supply chain, Bill Ashburn writes. He outlines several ways to increase visibility using new technologies that match demand with supply and enhance partnerships.
Companies should consider starting a control system modernization project when current automation systems become too expensive to justify, write Laurie Ben and Aaron Crews of Emerson. "Modernization project teams can drive success by engineering a solution that distributes accurate and timely information to personnel enterprisewide, brings high-quality products to market, and delivers strong profits," they write.
Many companies are releasing options for industrial internet of things developer boards, which can be an affordable option for smaller manufacturing companies. Such boards can alert manufacturers when machinery begins to break down or experiences changes in temperature, pressure or other readings.
A host identity protocol can help companies take advantage of the internet of things while safeguarding against the risks, writes Stuart Bailey, chief technology officer of Open Data Group. "With HIP, all occurrences of IP addresses are eliminated and replaced with a unique, non-spoofable address that is invisible by default, making it resistant to man-in-the-middle and DDoS attacks," he writes.
Procter & Gamble has teamed up with Georgia's Albany State University to help the school create the Global Sustainability Communication project, which is designed to teach students the environmental value of responsible manufacturing. P&G donated $10,000 to the school in support of the project.
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