As we enter the holiday shopping season, North Carolina State University experts say consumers may encounter supply-related roadblocks when checking off their shopping lists. Robert Handfield, Bank of America University Distinguished Professor of Supply Chain Management at NC State, spoke with The Abstract to explain what’s happening within the global supply chain and what shoppers can
By Rob Handfield As vaccination rates in the US, the UK, and Europe have risen, economies have shifted back and capital projects are beginning to resume. However, significant problems remain with respect to major shortages that exist in supply chains. Consumers are finding that everything from appliance parts, bicycles, and other products is in short
U.K. Chancellor of the Exchequer Rishi Sunak said Britain will open its first free port since 2012 next year in an effort to boost growth after Brexit. Sea, air and rail ports across England are invited to bid for free port status before the end of this year, he said on Wednesday in a statement.
The finalists for this year’s IFOY AWARD (International Intralogistics and Forklift Truck of the Year) have been announced. The jury will send 17 products and solutions from 16 manufacturers from a field of 32 companies to compete for the best intralogistics products and solutions of the year. The finalists are Bosch Rexroth, Combilift, Crown, Easy
YRC Worldwide, parent of the fourth- and seventh-largest groups of LTL carriers, lost $104 million last year, compared with $20.2 million net profit in 2018. YRC’s total revenue for last year fell 3.4% to $4.871 billion from $5.092 billion in 2018. YRC reported consolidated operating revenue for fourth quarter 2019 of $1.16 billion and consolidated