Companies have access to more data than ever before, but more data doesn’t automatically translate into more insights and business value. How do you go from data to business value? Why is data context important? How do you turn insights into action? Those are some of the key questions I discussed with Stephen Husk, Supply Chain Engineer at BluJay Solutions, during a recent episode of Talking Logistics....
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DEMAND SHAPING: FROM CELEBRITY SPONSORSHIP TO LIMITED RELEASE The modern-day sneaker culture was built on the celebrity limited release. When Michael Jordan first signed with Nike in 1984, the star-endorsed shoes were expected to produce $4 million in sales annually – they did $100 million in the first 9 months. Nike president and co-founder Phil Knight said it was “the perfect combination of a quality product, marketing,...
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The transportation industry has a notoriously significant impact on the environment. Conventional vehicles and trucks release large quantities of greenhouse gas emissions, hydrocarbon and carbon monoxide, all of which are harmful to the environment and those inhabiting it. According to the Environmental Protection Agency, freight trucks contribute the second highest amount of pollutants into the atmosphere. Fortunately, there are changes that can be made throughout the supply chain...
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The customer is king — and the king expects to be treated royally. Kelly McKesten and Stéphanie Thomson, respectively a producer and an editor with Think with Google, report the phrase “the customer is king” can be traced back to the 1930s in book written by William Harold Hutt entitled Economists and the Public: A Study of Competition and Opinion. They assert the phrase has never been...
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Last week, the Department of Justice gave the green light to the long-sought merger of telecom giants T-Mobile and Sprint. While the merger of the #3 and #4 American phone carriers, respectively, still has legal hurdles to overcome, it is expected to accelerate the deployment of 5G networks in the U.S. For consumers, 5G networks will deliver faster upload and download speeds, and decreased latency...
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Should companies put customers or employees at the center of their universe? There are two competing thoughts on this question, as illustrated by Jeff Bezos and Richard Branson: “The most important single thing is to focus obsessively on the customer. Our goal is to be Earth’s most customer-centric company.” — Jeff Bezos, Amazon CEO “Clients do not come first. Employees come first. If you take...
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Should companies put customers or employees at the center of their universe? There are two competing thoughts on this question, as illustrated by Jeff Bezos and Richard Branson: “The most important single thing is to focus obsessively on the customer. Our goal is to be Earth’s most customer-centric company.” — Jeff Bezos, Amazon CEO “Clients do not come first. Employees come first. If you take...
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In farm policy, numbers float the pre-reform debate as salmon floats upstream lakes in late autumn. What to make of these numbers though? Often, they are reproductions of old figures, sometimes taken out of context, and occasionally used to argue for the opposite causality than the one underlying them. Yet numbers are essential in understanding the big picture, interpreting the bigger trends and analysing the...
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Fresh and refrigerated foods continue to gain in popularity as consumers demand healthier foods and shun preservatives. One need only visit a local supermarket, peruse restaurant menus or count the number of nearby farmer’s markets to know this is true, but statistics also support the claim. A recent article in Food Technology cites Technomic and MSI studies that reveal “nearly nine in 10 adults (87%)...
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Robotic warehouses have great potential. Supply chain leaders across the globe scour the latest technologies and capabilities of robots. The reasoning is simple; robots offer a tireless army of workers without the hassle of managing human laborers. Unfortunately, significant obstacles to robotic warehouses still result in some companies eyeing the technology with suspicion, if not contempt. As explained by Steve Banker via Forbes, the most significant...
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