Industry News
Supply Chain
Top stories summarized by our editors
10/25/2021

The US Postal Service will hire 40,000 seasonal employees, add 112 new sorting machines and open 45 new facilities to manage spillover packages, all in an effort to ensure on-time delivery for online holiday shoppers. The USPS will be able to handle 35% more packages daily during the peak season than at the same time last year, according to Postmaster General Louis DeJoy.

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USPS
10/25/2021

Genuine Parts' Motion division had third-quarter sales of $1.61 billion, a 14.5% increase from the year-ago period. Motion's profit and profit margin also increased from a year earlier.

10/25/2021

Praxair Distribution has changed its name to Linde Gas & Equipment, three years after merging with Linde. Separately, Linde has begun operations at a hydrogen production facility along the Gulf Coast of Texas.

10/25/2021

The just-in-time mindset fueled by developments in technology has led to a lack of spare capacity in many areas of modern life, whether it's hospitals, truck drivers, hotels or computer chips, writes Daniel Gross. It may be time to reevaluate this approach to labor, space and products, Gross writes.

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Strategy+Business
10/25/2021

California Gov. Gavin Newsom has issued a nine-point executive order calling on state agencies to help alleviate supply chain bottlenecks by identifying parcels of land that can be used for short-term cargo storage and freight routes that can temporarily be exempted from gross vehicle weight limits. The California Trucking Association praised the effort to house empty containers on state land and urged "equipment providers and local governments to work with the governor to get empty containers off of chassis."

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Supply Chain Dive
10/22/2021

Intel CEO Pat Gelsinger has outlined a four-year plan to invest in contract manufacturing, new factories and core engineering. Contract manufacturing "will really have minimal impact in the next couple of years, and then it'll really deliver in years four and five, and in the second half of the decade more significantly," Gelsinger says.

10/22/2021

Ingram Micro is increasingly focused on resellers as part of a shift to a "demand-driven approach" instead of channels, says Chief Digital Officer Sanjib Sahoo. "Our strategy is to have global data feed intelligent engines, which are business use cases, which then create a frictionless experience," Sahoo says.

10/22/2021

Cloud-based enterprise resource planning platforms give distributors a good return on investment by improving revenue, providing cost and cloud savings, improving performance or quality, and reducing capital requirements, writes Barb Zimmerman, managing partner of ITDirections. "A majority of U.S.-based distributors have either moved to a cloud-based ERP platform or intend to do so within the next few years," Zimmerman writes.

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Zimmerman
10/22/2021

Space availability in the industrial market is tightening with the vacancy rate dropping to 3.6% in the third quarter, compared with 4.3% in the same period during the previous year, according to CBRE. "In the last 90 days, supply-chain dislocations have become even more pronounced, with customers acting with a sense of urgency to secure the space they need," Prologis' CFO Thomas Olinger said during a recent earnings call.

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Thomas Olinger
10/22/2021

IHS Markit's flash manufacturing purchasing managers' output index for the first half of October was 59.2, down from 60.7 in September. The composite reading, which includes services, rose to 57.3 from 55 in September.

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Yahoo