Tech Data has finalized its acquisition by private equity firm Apollo Global Management for $6 billion. The distributor separately said it will spend $750 million on transformative technology through mid-decade, CEO Rich Hume said.
The Indian River Consulting Group's Pandemic Revenue Index of 10 distributors fell by 11.42% the week of June 22 to 26 compared with a year ago. "There remains a fair amount of sales volatility among the distributors participating in the index," IRCG said.
Distributors need to pursue value-added processing and information services, in addition to logistics, in order to compete, writes Jonathan Bein of Distribution Strategy Group. Gather competitive research by asking customers what services they want and what's already in the marketplace.
Enticing deals weren't enticed enough to prevent a sharp decline in Q2 vehicle sales amid the pandemic. However, Tesla defied the trend by delivering 90,650 vehicles in Q2, topping expectations despite a partial factory shutdown.
A new report from Forescout Research Labs looked at vulnerabilities across more than 8 million digital devices in five industries, including manufacturing. The result is a map of where the greatest risks lie along the industrial internet of things.
Operational technology is a growing source of concern for cybersecurity professionals in the midst of a pandemic when companies have diverted their attention. Looking ahead, experts advise on how to address any OT security gaps, beginning with a hard look at ad hoc connections made during the pandemic rush.
Trying times spur innovation, and converting to an equipment-as-a-service model is one way industries are achieving greater degrees of stability while improving efficiencies. Guneet Bedi explores different EaaS models and how to decide among them.
Companies that have adopted artificial-intelligence solutions have benefited during the coronavirus pandemic, but they've also learned that human intelligence will continue to play a vital role, writes Kurt Muehmel, chief customer officer at Dataiku. "Ultimately, AI will always need human input, for scenarios like the one we're facing now, but also for the myriad other ways 'normal' can be disrupted for manufacturers," he writes.
Terry DeRise, manufacturing director of Texas-based Portacool LLC, recommends ways to keep workers safe during the heat of the summer. "Workers must be provided water, scheduled breaks for rest, and a shaded area to cool down and recover if they are exposed to outdoor conditions," DeRise writes.
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