Southern Glazer's Wine & Spirits has agreed to buy distributor Webb Banks, which operates in travel retail and markets in the Caribbean, South America and Central America. Southern Glazer's export and travel sales operations will shift to Webb Banks.
Americold Realty Trust is becoming a minority shareholder in RSA Cold Chain in Dubai. "We are excited to bring our innovative solutions to the region and support our mission to help our customers feed the world," Americold CEO George Chappelle said.
February brought an unexpected decrease in wholesale prices, with the Labor Department's producer price index falling 0.1% month over month and posting a 4.6% year-over-year gain, both below expectations. Core producer prices increased 0.2% from the prior month and 4.4% annually.
Precision inventory management, which is a key element of the Enterprise Profit Management software as a service system, offers companies greater control over inventory asset productivity and helps them determine what's driving profitability and loss, and return on investment, writes Jonathan Byrnes, chair of Profit Isle. "Setting the right inventory makes all the difference between success and failure in today's uncertain, unstable business environment," Byrnes writes.
#2 state for corporate expansion projects Whether it's EVs or energy bars, chocolate treats or commercial roofing, businesses are expanding and thriving in this state, which ranks second in the nation for corporate expansion and relocation projects, climbing one spot from last year, according to Site Selection magazine. READ MORE.
Artificial intelligence-powered algorithms and customer information analytics are the way forward with authorization-based blockchains in supply chains, according to an analysis by associate professor Seokjin Kim and professor Yurong Yao of Suffolk University. "Future BSCs will become an integrated platform to enable automated decision-making among participants," with customer-centric blockchains "promising vast opportunities," they write.
Too many sales reps move on after only one follow-up, but systematizing processes can increase sales success, often by enough to meet quotas, Brian Hicks, vice president of sales for Belkins, writes. Hicks details the templates, tasks and "depository" follow-ups that boost sales numbers.
California lawmakers are considering a measure that requires human drivers to be inside autonomous trucks while they are on the road. The bipartisan measure was introduced after the state's Department of Motor Vehicles announced it was developing regulations for companies to test driverless 18-wheelers and other vehicles weighing over 10,001 pounds.
Dealing honestly with negative emotions, not pursuing happiness for happiness' sake and cultivating an awareness of your emotional state overall can go a long way to boosting both your wellbeing and success, writes LaRae Quy. "[W]e need to make it a daily routine to look back on the day and dissect a situation because emotional awareness helps us see multiple perspectives," Quy writes.
Some companies are realizing that meetings can be a drain on productivity and an additional burden for busy employees. Organizations are using communication tools to help workers stay connected and experimenting with concepts such as meeting-free days.
Join the best and brightest emerging leaders from across the wholesale distribution industry for a unique course at The Ohio State University! The course will take place from May 22-26, 2023. View the agenda and register.
