Gus Lebiak, president and chief operating officer of Krasdale Foods, has been working in the grocery sector for over 40 years and says today's environment "has been like no other time I've ever seen." Supply chain disruptions, Omicron infections, inflation, high demand and labor shortages have all contributed to "a very fluid situation," Lebiak says.
Avnet reported profit of $150.8 million in the fiscal second quarter on revenue of $5.87 billion, both up from a year earlier. Operating margin increased in terms of basis points for its electronic components and Farnell units.
Applied Industrial Technologies earned $57.03 million in its fiscal second quarter, reversing a $5.33 million loss in the year-ago period. The distributor had net sales of $876.87 million, up 16.7% year over year.
The Seattle Times (tiered subscription model)
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Input-cost inflation presents business-to-business companies with an opportunity to overhaul pricing strategies by quickly raising prices, but they should resist blanket price increases, according to this Boston Consulting Group analysis. B2B companies need to be able to forecast inflation exposure, but they need the right technology to truly understand their contracts and costs.
Combined imports at the ports of Los Angeles and Long Beach dropped by 14% year-over-year in December, the fourth consecutive month with a decline. Full terminals meant that over 100 ships had to wait to dock last month, while a shortage of truck drivers and dockworkers worsened the bottlenecks.
Ocado is working to speed up online grocery delivery with new technology that includes lighter grids, as well as more efficient robotic arms and bots. "Over time this is going to change the under-one-hour grocery delivery industry," CEO Tim Steiner said.
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Performance marketing combines analytics with machine learning, artificial intelligence and other new technology to improve sales funnels. In addition, performance marketing helps sales and marketing teams by breaking down silos to encourage cooperation, writes Jack Bowen.
Switching between tasks or moving from one project right to the next can drain energy, writes Dan Rockwell, who recommends single-tasking by working in blocks of time, silencing your phone and taking frequent breaks. "You can't move forward when you're running in circles," Rockwell writes.
