The industrial internet of things has several clear benefits, although most such projects today are only targeting operational efficiency, says consultant Bruce Sinclair. "What is important is to set business goals for your IoT device data and have a firm understanding of which decisions you want to make," adds Dave McCarthy of Bsquare.
Routine checks for facility problems make it easy for operators to identify and resolve issues before they occur, but all plants eventually require some upgrades or repairs. Facility surveys "should be done on a weekly basis, and daily if necessary, which would involve bacterial swabs to detect any growth," says Ronald Walden of Alston Construction.
Haas Automation, Advanced Robotics for Manufacturing and Paintsville, Ky., have opened the East Kentucky Advanced Manufacturing Institute. The school will offer job training and education for computer numeric control machining centers through a 16-week program.
The top 25 truckload operators in the US saw revenue rise 5.4% in 2017 to almost $28 billion, according to a report from SJ Consulting Group. Less-than-truckload carriers in particular saw revenue increase due to higher rates and higher production and freight volumes.
A group of 45 trade associations is petitioning the Trump administration to stop planned tariffs on China, as the tariffs "would trigger a chain reaction of negative consequences for the US economy, provoking retaliation; stifling U.S. agriculture, goods and services exports; and raising costs for businesses and consumers." The letter encourages Trump to work with the business community and economic experts to develop solutions for China's protectionist practices.
Successful CEOs believe a vision should be rooted in an organization's principles but accommodate changes in the company and its markets, write Stanislav Shekshnia, Kirill Kravchenko and Elin Williams. CEOs should take every opportunity to express this vision and use it as a benchmark for rewarding employees and making decisions.
With almost 30% of the cost of goods delivery coming from last-mile delivery, logistics companies are looking for ways to save. Technology is helping with solutions such as smart lockers, sensors and data analytics.
Electrical distributors can steer customers away from Amazon by investing in branding and brand awareness and offering self-service tools, according to DigitalBranch co-founder Justin King. "The first place they should think about going online is to 'electrical distributor ABC that sells this particular product or service,' versus thinking, 'I'm not sure where I can get this item, so I'll just go look for it on Google or Amazon,' " King said.
Sobeys parent company Empire reported $58.1 million in earnings in its fiscal third quarter, up from $30.5 million in the same period the year before. The company's online grocery business will come online in spring 2020 through a partnership with Ocado.
SUPERVALU will sell 21 of its 38 Farm Fresh Food & Pharmacy locations in separate deals valued at a cumulative $43 million to Harris Teeter, Food Lion and Kroger. SUPERVALU is considering selling the remaining locations.