The CHIPS and Science Act and the Inflation Reduction Act are going to create surging demand for chemicals and Univar Solutions is in an excellent position to tap into that opportunity, CEO David Jukes said. "We have a real competitive moat with our asset footprint in a re-industrializing North America which means we have great growth opportunities here," Jukes said.
Beacon Building Products reported that sales reached a record $1.97 billion in the fourth quarter and another record of $8.43 billion for all of 2022. Net profit grew 88.6% in 2022 due in part to price increases and the distributor's launch of a mobile app.
Distributors need to assess whether they are prepared for unexpected setbacks, have secure and real-time access to data and whether they should enhance their omnichannel capabilities, writes Jeremy Centner of business advisory firm Sikich. "Ultimately, ask yourself if your business gives customers, suppliers and employees the best experience possible. If the answer is no or 'there's room to improve' ... it's time to consider a fresh approach," Centner writes.
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Blockchain technology is increasingly seen as a necessity in industries undergoing digital transformation, but its built-in security features aren't sufficient to shield against new kinds of cyberthreats, writes Yazeed Alabdulkarim, an adviser for research and innovation at Saudi Information Technology Co. Four principal types of threats are examined here, as well as how companies can counter them.
Marketing expert and author Mark Schaefer discusses about the importance of business-to-business brand building and how B2B marketers can use communities to spread brand love. "It's the ultimate marketing. It's the marketing without marketing," Schaefer explains.
Three-quarters of female supply chain executives say gender-based adversity is pervasive in the workplace, such as receiving lower pay or being given more tasks outside the norm than male counterparts, and just 16% reported seeing tangible progress in gender equity, according to Procurious research. "We need to work together to lift up, empower and protect women in the workforce and drive real change," said Procurious CEO Tania Seary in a statement.
Leaders -- much less their teams -- can't come up with imaginative and original solutions to the problems that vex them without taking time to create a habit of making time for imagination, writes Alaina Love, the CEO of Purpose Linked Consulting. "Start small, build momentum and then focus that collective power on something in your business that would benefit from a fresh approach," Love writes.