Though Amazon has not committed to entering the pharmacy business, drug companies such as Takeda Pharmaceutical view the move as an opportunity to see a more effective distribution system. Takeda CEO Christophe Weber said Amazon's arrival in the space could force other companies to adapt and offer better service.
Unlike in the US, Mexico's public-private collaboration is ensuring that the interests of both the government and private companies are considered while renegotiating the North American Free Trade Agreement. Disagreements with the Trump administration are pushing industries to form groups to oppose White House positions on NAFTA.
Several features of Amazon's business model, such as its inventory of personal-care items people often buy when picking up prescriptions, would be integrated smoothly if Amazon enters the pharmacy business, Robert Langreth and Spencer Soper write. Amazon could use its shipping capabilities to compete against traditional pharmacies or to start its own pharmacy business.
Shanghai Pharmaceuticals Holding Co. will reportedly spend $557 million for Cardinal Health's China drug-distribution business. The arrangement will be subject to a regulatory review in China.
Electrical distributors are customer-focused, but they can still offer flexibility to employees through schedule consolidation, flexible shift times and a focus on projects over hours worked, Bridget McCrea writes.
C-suite executives will lead smart manufacturing implementations better if they take the time to understand basic concepts and adjust their perceptions of technology's role, writes John Clemons of Maverick Technologies. It's better to look at the smart manufacturing transition as an ongoing adventure rather than as a time-limited project, he writes.
One cause of cyberbreaches is manufacturers lacking sufficient experience in building data security into devices, Pedro Abreu of ForeScout writes. Other causes include failing to budget for cybersecurity efforts.
Manufacturers make better decisions when they have data generated by the industrial internet of things, writes Matt Puzio of Victaulic. A pipe manufacturer, for example, eliminated variability in roll grooving tools through intelligent technology.
Manufacturers in Cleveland will become better acquainted with the internet of things through a $100,000 National Science Foundation planning grant. The grant will help small and medium-sized manufacturers, said Lisa Camp of the Case School of Engineering.