A $5.6 billion sale to Chinese appliance makers maintains GE Appliances brand & employee headquarters in Louisville

GE Transportation | June 06, 2016

A $5.6 billion sale to Chinese appliance makers maintains GE Appliances brand & employee headquarters in Louisville
The sale of GE's Appliance Park and its 12,000-person U.S. Appliances business to Haier was finalized Monday in a deal that maintains the General Electric brand headquarters in Louisville as a property of the Chinese appliances giant.The $5.6 billion deal severs Louisville's half-century-long ties to General Electric and flips ownership of one of the community's flagship employers to a major consumer electronics maker.Roughly 6,000 people work at Appliance Park, about 3,800 unionized and 2,200 salaried employees. The good news for Louisville has been assurances that Haier (pronounced "hire") pledges to maintain the current management and workforce on Buechel Bank Road.

Spotlight

How can companies reward their suppliers’ commitment to sustainability? With Sustainable Supply Chain Finance (SSCF) companies can give preferential conditions to those of their suppliers who meet social and environmental standards. This ensures the stability of their supply chain and also improves their own environmental and social performance. They also receive an attractive return on excess liquidity. Supply chain finance platforms make it easier than ever to implement SSCF in practice.


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Project Verte Deploys 6 River Systems Solutions in Atlanta Distribution Center

6 River Systems | September 25, 2020

6 River Systems (6RS) announced its deployment with Project Verte, a full circle e-commerce solution provider that helps brands grow and directly engage with customers. 6RS will support fulfillment activities at Project Verte’s distribution center (DC) in Atlanta, which fulfills orders for numerous retailers and brands. The Atlanta DC will also serve as 6 River Systems’ southeast hub for site tours, allowing fulfillment professionals in the Atlanta area to tour an active, high-volume warehouse powered by flexible automation solutions. Project Verte enables sellers to connect to every sales channel and seamlessly manage all aspects of a customer journey through a single seller platform. Their offering includes the Verte Seller Platform and the nationwide Verte Fulfillment Network that provides 2-day delivery. With Project Verte, brands can “sell anywhere and fulfill in every way while managing everything” with one platform that powers every element of a unified commerce customer journey. "Our deployment of 6 River Systems reflects our desire to collaborate with companies that share our vision of changing the world of fulfillment, logistics and e-commerce,” said Bob Klunk, COO, Project Verte. “Project Verte exists to enable brands to serve their own customers with an advanced and easy to use digital platform, and with the addition of 6 River Systems' collaborative robots in our warehouse, we are also able to guarantee SLA performance and a best in class experience." To better support Project Verte and its other 3PL, retailer and distributor partners, 6 River Systems recently expanded the software capabilities of its wall-to-wall fulfillment solution. The new capabilities have been designed to help senior-level warehouse operators further improve site management, gain more concrete business transparency across singular or multiple sites and accelerate their return on investment.

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Schneider Electric Global Supply Chain recognized with 2020 Power of the Profession Award

Schneider Electric | July 07, 2020

Schneider Electric, the leader in digital transformation of energy management and automation, announced it has been awarded the Business Win of the Year Award and best in show Supply Chain Breakthrough of the Year in Gartner’s 2020 Power of the Profession awards which “identify and recognize the top Supply Chain and Talent initiatives from the past twelve months that help to elevate the Supply Chain profession.” Gartner announced these awards during a live webinar June 17, 2020. "We are thrilled to have received this recognition of Business Win of the Year and Supply Chain Breakthrough of the Year from Gartner’s 2020 Power of the Profession Awards honoring our Smart Logistics initiative. We believe our transformation efforts in the supply chain are progressing well and that this really gives our team the inspiration to push forward on our Tailored, Sustainable and Connected 4.0 Supply Chain program, together with our partners for our customers. We see the “Business Win of the Year” award as a recognition of our digital transformation and our commitment to our customers", said Mourad Tamoud, Executive Vice President, Schneider Electric Global Supply Chain.

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Schneider Electric ranked 4th in The Gartner Supply Chain Top 25 for 2020

Schneider Electric | June 15, 2020

Schneider Electric, the leader in digital transformation of energy management and automation, announced it has been ranked 4th in The Gartner Supply Chain Top 25 for 2020. Schneider Electric supply chain went from the eleventh position in 2019 to fourth in 2020. This Gartner recognition scores demonstrate that Schneider-Electric continue to deliver digital transformation and the speed to reach its strategic priorities and its ability to set and execute its strategy. Beyond profit, leading companies focus on people and protecting the planet. According to Gartner, “major methodology changes were introduced in 2020, including a conversion to return on physical assets (ROPA) from return on assets (ROA), a reduction in the weighting of the inventory measure and an increase in weighting to the environmental, social and governance (ESG) measure. The three key factors that differentiated leading supply chains this year were being purpose-driven organizations, business model transformers and digital orchestrators.”

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6 River Systems upgrades its robotic fulfillment solution

6 River Systems | September 25, 2020

6 River Systems has made a series of enhancements to its robotic fulfillment solution. 6 River, part of e-commerce platform provider Shopify, revealed the upgrade during its second annual user conference, FLOW 2020. David Vallance, director of product at 6 River Systems, says: “We have developed a strategic product roadmap at 6RS to find and address the next level of efficiencies to help our customers meet ever-changing demand and drive value to their own customers. “We’ve grown from providing picking robots to supporting inbound to outbound tasks within the four walls of the warehouse. Our latest set of enhancements are another exciting step forward in the evolution of our company and our industry.” To provide more visibility into operations and increase efficiency, 6RS developed The Bridge, an overarching tool that connects the data from what’s happening on the ground in a physical warehouse operation to an intuitive cloud-based control center. This tool gives customers the ability to fine tune and control each aspect of their operation and optimize their warehouse to meet the unique needs of the business by leveraging the following features:

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Spotlight

How can companies reward their suppliers’ commitment to sustainability? With Sustainable Supply Chain Finance (SSCF) companies can give preferential conditions to those of their suppliers who meet social and environmental standards. This ensures the stability of their supply chain and also improves their own environmental and social performance. They also receive an attractive return on excess liquidity. Supply chain finance platforms make it easier than ever to implement SSCF in practice.

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