Exclusive: U.S., China sketch outlines of deal to end trade war - sources

Reuters India | February 21, 2019

Exclusive: U.S., China sketch outlines of deal to end trade war - sources
The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotiations.

Spotlight

Penske is a company where people help people move ahead in business and life. We offer exciting and dynamic careers in the transportation and logistics industry. Penske is a $5.6 billion leading provider of: full-service truck leasing, contract fleet maintenance, commercial and consumer truck rental, used truck sales as well as third-party logistics, warehouse management, and innovative supply chain solutions.


Other News

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.

Read More

Collaborative warehouse bots are critical to e-commerce success, Shopify exec says

6 River Systems | September 16, 2020

A spike in e-commerce volumes driven by coronavirus travel restrictions may slow down after a safe vaccine is eventually found, but its impact on fulfillment automation processes is here to stay, according to a top executive at Shopify, an e-commerce platform for small and medium-sized businesses (SMBs). As the pandemic prevented consumers from congregating in brick and mortar stores, so many of them turned to e-commerce shopping that the online retail sector experienced five years’ worth of growth in the past three months alone, Shopify’s chief technology officer, Jean-Michel Lemieux, said today. From less than 1% in 2000, the share of e-commerce retail sales as a percent of total retail sales rose to 5% in 2011 and 10% in 2018 before leaping above 16% during the second quarter of 2020, according to statistics from the U.S. Census Bureau. That curve may soon begin to flatten a bit, but the post-Covid “new normal” will feature e-commerce levels in the range of 20%, 30%, or even 40% of all retail, Lemieux said in remarks at Flow 2020, the annual user conference held by autonomous mobile robot (AMR) vendor 6 River Systems. Ottawa, Ontario-based Shopify acquired Waltham, Massachusetts-based 6 River in 2019 for $450 million in a bid to use its collaborative "Chuck" robots to boost fulfillment efficiency for warehouse staffers managing inventory for distribution. That deal looked at first like amazon.com's move to buy Kiva Systems Inc. in 2012 for $775 million, and then take the product off the market, keeping its robots for the sole use of Amazon’s own DCs. But Shopify was quick to say that it will continue selling 6 River’s Chuck bots to the entire logistics market, and Lemieux reiterated that stance today.

Read More

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.”

Read More

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:

Read More

Spotlight

Penske is a company where people help people move ahead in business and life. We offer exciting and dynamic careers in the transportation and logistics industry. Penske is a $5.6 billion leading provider of: full-service truck leasing, contract fleet maintenance, commercial and consumer truck rental, used truck sales as well as third-party logistics, warehouse management, and innovative supply chain solutions.

Resources