Less industrial space is being leased this year than during the heights of the pandemic, but activity is still strong from a historical perspective and remains above pre-pandemic levels. "I would say this year so far has been one of the top five," said Prologis, Inc. Chairman and CEO Hamid Moghadam. Moghadam noted that some firms want to have more inventory closer to customers after the supply chain issues of the last few years.
Amazon is gearing up for the holidays and combating a labor shortage by hiring 250,000 full-time, part-time and seasonal workers, with some receiving $1,000 to $3,000 bonuses, and increasing its average pay for logistics personnel to roughly $20.50 an hour, according to a company announcement. Target is enlisting nearly 100,000 seasonal workers for stores and fulfillment facilities and the US Postal Service is onboarding 10,000 seasonal workers.
Initial jobless claims declined to 201,000 during the week ending Sept. 16, down by 20,000 from the previous week. This marks their lowest level in eight months.
Learn how performance marketing is increasing engagement Today brands are challenged to engage their customers deeply and meaningfully, yet it's more difficult than ever for them to do so. Learn how performance marketing helps brands build consumer loyalty through digital and physical channels. Download now.
Companies that embrace a culture of continuous improvement can remain competitive, retain talent, increase efficiency, quality and innovation, and meet evolving customer demands, writes Will Quinn, director of industry solution and strategy for Infor Distribution. Quinn notes that company leaders must be on board with any continuous improvement initiative, encourage open communication, collaboration and professional development, and prioritize process improvement and unifying data to enhance decision-making.
The US Postal Service is refraining from implementing winter peak season delivery surcharges for residential and Saturday deliveries and minimum volumes. USPS is prepping for the holiday rush by taking five steps that include installing hundreds of package sorting machines, boosting its daily package processing capacity by 10 million units over 2022 and shifting 95% of its volume via its less costly ground transportation.
Effective inventory management is crucial for maintaining cash flow, especially in uncertain times. Still, challenges include unclear supply, demand and stock visibility, writes Jeremy Centner, the pre-sales solution architect director at Sikich. Centner writes that adopting the right technology and processes -- including improving forecast accuracy, enhancing real-time communication with suppliers and customers and breaking down data siloes -- can lead to more proactive and cash-flow-friendly inventory management.
Sales leaders often explain the importance of using stories in sales pitches, but there's a difference between those used early in the pitch and those used later, writes sales consultant Anthony Iannarino. Using what he calls the certainty sequence, stories at the beginning of a pitch "starts with an explanation of why the client is not producing the results they need," which sets them up for a discussion of how they can achieve them, Iannarino explains.
There are signals when a business should change its prices, entrepreneurs and experts say, such as when you receive feedback from customers or when your competition makes a change. Here are nine clues that your prices may need to increase or decrease.
The Federal Reserve has announced its policy interest rate remains in the range of 5.25% to 5.5% as officials gauge the impact of previous rate increases on the economy. Officials say further increases are possible this year if conditions deem them appropriate. "We are committed to achieving and sustaining a stance of monetary policy that is sufficiently restrictive to bring inflation down to our 2% goal over time," Fed Chair Jerome Powell says.
Self-awareness helps business leaders adapt to change, make better decisions, understand how others perceive your choices and recognize what triggers your responses, writes author and consultant LaRae Quy. Self-awareness requires eschewing self-absorption for the discomfort of making improvements, such as developing emotional intelligence and authenticity.
Amplify your industry prowess at NAW's Executive Roundtables. Select from pressing topics, glean insights from experts, and participate in enriching cohort discussions. Transition from learning to implementing, fostering growth and collaboration. NAW - Where Innovation Meets Insight.
Agenda and registration information is available here.
Attending the Innovators Summit lets you stay updated with the latest industry developments and remain ahead of your competitors. By being aware of emerging trends and disruptive technologies, you can proactively adapt your business strategies, identify new revenue streams, and gain a competitive edge in the market. Learn more.
