SUPERVALU posted $25 million in earnings from continuous operations in its fiscal fourth quarter ended Feb. 24, with revenue up 42% to $3.59 billion. The company plans to sell eight distribution centers for $483 million.
Tech Data's 2017 acquisition of Avnet's Technology Solutions business uniquely positions the company to compete globally, says outgoing CEO Bob Dutkowsky. Incoming CEO Rich Hume has the background to succeed "because he has deep experience not only in the physical side of the channel, but also in the services and the value-added side," Dutkowsky said.
Medline has won a contract to serve as New York-based Bassett Healthcare's exclusive distributor for the next three years. Medline separately has opened a 1.1-megawatt solar power system at its Rialto, Calif., site.
The US industrial real estate market absorbed 56.9 million square feet in the first three months of 2018, with vacancy down to 5%, or a 30-basis-point decline year over year, according to Cushman & Wakefield.
The seven-year ban on ZTE products imposed in the US is already hurting the US companies supplying parts to the Chinese company. Impacted firms, which stand to see significant revenue loss, include Qualcomm and Acacia Communications.
Corporations in various industries offer mindfulness training or encourage similar practices to help staff focus and manage stress, write Christian Greiser and Jan-Philipp Martini of The Boston Consulting Group. Mindfulness "helps people to inspect and adapt their behaviors in short cycles, relax so that they can rewire established attitudes, and think clearly in the midst of overwhelming digital stimuli," they write.
Companies interested in adopting blockchain should ask questions such as whether the business problem at hand requires the removal of intermediates, writes Joe McKendrick, citing a World Economic Forum report. The speed and permanence of transactions will also be factors, he writes.
Relationships with business-to-business distribution customers can be divided into three categories, depending on how much the parties value and desire the traditional sales-client relationship, writes John Gunderson. The fastest-growing segment of customers can be profitable even if it doesn't need as much hands-on attention, he notes.
The Reverse Logistics Association has released standardized Smart QR Labels, or SQRL codes, that can make returns easier and improve logistics, writes RLA executive director Tony Sciarrotta. The labels are based on an American National Standards Institute standard, with the goal of being approved by the International Organization for Standardization.
Optimized returns strategies can help minimize fraud, reduce returns, improve the customer experience and make redeployment faster, writes Jeff Elliot of FedEx Supply Chain. "Returns management is a strategic consideration which requires technology investment, operations planning and labor allocation," he notes.
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