Companies must craft a comprehensive disaster-recovery strategy that assesses risk, identifies critical IT services and determines recovery time objectives and recovery point objects, writes Antony Adshead. Disaster-recovery plans take strategies and implement "an easy-to-use and repeatable set of steps that allow recovery of IT assets and to return them to normal operations," he notes.
Only health care suffers more cyberattacks than manufacturing, yet one-third of manufacturers have decreased or kept their cybersecurity spending flat over the last three years, according to data from IBM X-Force and Deloitte. GreyCastle Security's Dan Didier urges firms to consider cybersecurity a high-level business-risk decision rather than leaving it to IT.
A majority of executives say digital supply networks are vital to their company's future, yet many are slow to make the transition, according to a Deloitte study. "[C]ompanies can gain near-term traction by starting their DSN journey with a few small steps designed to solicit board and C-suite support for larger implementations down the road," Deloitte analysts write.
Schneider Electric has shifted from a supply-driven model to a customer-centric one under the leadership of current CEO Annette Clayton, who overhauled the company's supply chain as chief supply chain officer. "We realized that a one-size-fits all attitude doesn't work; it covers only a certain percentage of the market," said executive Stuart Whiting.
When adopting industrial internet of things technology, firms should clearly define the end results they expect and use that to determine the data that is needed, writes Frederic Baudart of Fluke Corp. "Commitment from the top and a budget to support the technology and its implementation are critical," he writes.
Manufacturers should focus on using automation to complete repetitive tasks, freeing people to work on continuous improvement and other valuable tasks, Nukon senior consultant Kim Fiddaman recommends. In addition to thinking about usability and making work quicker and easier, firms should make sure they have stable foundational infrastructure, including good Wi-Fi.
Southeastern Grocers will add three locations for its Fresco y Mas banner this April, with two planned for Tampa and one for Orlando. The stores will carry amenities tailored to the Hispanic consumers of their neighborhoods, according to the company.
Walmart will expand a digital car-buying service to 250 stores after testing the partnership with Miami-based CarSaver at 14 locations starting last year. The retailer also plans to partner with CarSaver on a vehicle purchase program for Walmart's 1.5 million U.S. employees.
The closure of Toys R Us could mean about $600 million in additional annual sales at Target, according to a report from Credit Suisse Analyst Seth Sigman. The lion's share of Toys R Us and Babies R Us stores are five miles or less from a Target location, and Target is forecast to win about 15% of the sales from those Toys R Us stores, 5% from the Babies R Us stores and 5% from e-commerce sales, the report revealed.
Peer-to-peer recommendations and social media connections are vital to success in the retail beauty world today, said Glossier founder and CEO Emily Weiss. In a talk this week she shared tips for building a successful brand in the age of digital media, starting with the importance of listening to customers.