EVs were the big winners at the 2023 North American Car, Truck, and Utility of the Year awards
With fifty judges from the United States and Canada’s auto journalism sector, the finalists were chosen due to innovation, design, safety, handling, driver satisfaction, user experience, and value.
Bed Bath & Beyond the point of no return… maybe
The company that is famous for displaying items you used to buy via telephone during late-night infomercials has reported a year-over-year decline in net sales of 33%.
2023 workers want more control over their schedules
According to recent Gartner research, employees are tired of being forced back into in-person workplaces after 2-3 years of being able to have more control over their work lives at home.
Norway is now Germany’s biggest supplier of imported gas, replacing Russia
Germany has traded Russia for Norway as the country’s import share dropped to just 22% in 2022. Russia began gradually cutting its gas supply via the Nord Stream pipeline to Germany over the summer and shortly thereafter ceased supplying via pipeline in September.
China’s EV industry is skyrocketing
With massive investments in electric vehicle manufacturing, china is leading the globe in its race to electrify the streets.
Looming Recession? No worries. Manufacturing is ready to invest
Despite rising interest rates and a (possibly?) looming recession, the manufacturing sector is ready to invest in new equipment and technology to improve its operations this year.
FTC takes aim at non-compete agreements in US workforce
Federal Trade Commission chair Lina Khan announced that the FTC is asking the public to comment on a newly proposed rule that would effectively ban noncompete clauses from employment agreements.
Japan to continue to ship Russia LNG despite pushback
While harsh sanctions have been imposed on Russia and its companies since February 2022 and the invasion of Ukraine, Japan has hesitated to join the fray.
Federal Highway Administration announces Large Bridge Project Grants
In a move that introduced the largest dedicated investment in highway bridges since the highway system was in development, the US Department of Transportation’s Federal Highway Administration (FHWA) has announced the distribution of nearly $40 billion over the upcoming five years.
Tesla suffered a 65% valuation loss in 2022
Tesla, once seen as the “prized jewel” of electric vehicles, is now suffering from a plunge of 65% in stock value.
Procurement managers can benefit from supplier segmentation
Supplier segmentation is the process of dividing suppliers into different categories based on various criteria such as the importance of the products or services they provide, the risks associated with working with them, and the potential for cost savings.
General Motors Co. steals the crown from Toyota Motor Corp.
While both automakers had double-digit increases in Q4 American sales, GM’s grew by 3% and rounded out at a solid 2.3 million units sold.
Craft retailer Joann’s is counting on declining ocean rates for savings
Joann’s, the popular craft retailer that’s located in strip malls across the country, is looking to accumulate $15 to $20 million in savings within the next fiscal quarter.
Demurrage charges waived by US Federal Maritime Commission SCO
The December 29th decision to waive over $150,000 in demurrage fees imposed by Taiwan carrier Evergreen for Wisconsin-based forwarder TCW Inc. has set a precedent.
Not so fast - diesel is on the rise, again
After seven weeks of price declines of the fuel providing some ease to the crippled truck drivers who rely upon it, the diesel prices rose another 4.6 cents this week.
Inflation rears its ugly head, again
The U.S. Federal Reserve’s latest interest rate hikes have good intentions… but the immediate effect feels like the opposite.
To become an award-winning workplace, it takes more than a “positive environment”
here is no one-size-fits-all answer to what it takes to become an award-winning workplace, as the specific factors that contribute to a positive work environment can vary depending on the industry, the size of the organization, and the needs and expectations of the workforce.
Automotive industry shift to EVs sparks massive domestic factory push
Approximately $33 billion was pledged for new factory development in the automotive sector in the first eleven months of 2022, according to the Wall Street Journal.
NYC nonprofit opens first legal retail marijuana shop
At the corner of Astor Place and Broadway in Greenwich Village, Housing Works has begun its newest line of business: weed sales.
The Southwest Airlines holiday debacle, explained
Logistics Viewpoints is diving into the hottest topic during the week between Christmas and New Year’s: Southwest Airlines’ massive corporate collision of bad weather, poor customer service, and angry customers.
