Cardinal Health, Owens & Minor get defense extensions | How Amazon is tweaking its fulfillment strategy | Ferguson rebranding complete with move to NYSE
The US Defense Logistics Agency has awarded a $2.25 billion contract to Cardinal Health and a $1.13 billion contract to Owens & Minor to continue providing medical-surgical supplies to military and federal civilian customers through December 2024.
Two recent moves by Amazon highlight the e-commerce giant's need to reconfigure fulfillment operations as the pandemic-era surge in online shopping continues to ebb. In addition to hitting "pause" on new fulfillment center investments, the company has also rolled out a program called Buy With Prime that expands order fulfillment services to merchants outside the Amazon marketplace.
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The reading of a new Prologis metric called true months of supply suggests the market for industrial space could remain tight for some time. The metric has declined to 16 months, well below the 36 months typically seen during expansionary periods. "Healthy consumer spending and supply chain volatility boosted demand for logistics real estate, yet low supply reduced absorption," the report notes. The REIT also estimates that rents will rise by 22% this year in the US.
Place a successful search ad by carefully considering your keywords, writing an attention-grabbing headline and testing and observing your results, writes lawyer and author Steve Strauss. "The point of your ad campaign is to send highly targeted, qualified traffic to a landing page or pages on your website," Strauss notes.
Alvaro Bedoya's May 11 confirmation to the Federal Trade Commission gives FTC head Lina Khan three Democratic votes with which to tackle an array of antitrust and security issues in the technology industry. The agency is expected to update internet regulations regarding competition and privacy, increase its scrutiny of deals and implement stricter guidelines concerning mergers.
Leaders who are hard to read because they don't let emotion show on their face can be intimidating and make it difficult for their subordinates to trust them, writes Dan Rockwell. "When you hide your heart, connection is a fraud," Rockwell writes.
