A strategic plan requires core competencies, differentiation and financial forecasting along with other components, Ian Heller writes. Strategic planning failures occur when executives "didn't continue the process with specific individuals and teams assigned to develop tactics in each of these areas," he writes.
Consumables manufacturer Gloveman Supplies is migrating all customers to its B2C site after a two-year period during which 20% voluntarily moved over, Chloe Thomas writes. An earlier experiment failed because of incompatibility with credit card processing.
Technological advances have increased reverse engineering's capabilities, says Steve DeRemer of Capture 3D. Reverse engineering is used in additive manufacturing to recreate damaged parts and in simulation, Bruce Morey writes.
Malware known as Triton, Trisis or HatMan was the first intentionally targeted at safety instrumented systems and should be taken seriously, writes Ernie Hayden of 443 Consulting. The danger of these types of malware increases when they are launched simultaneously with attacks on manufacturing processes, according to the National Cybersecurity and Communications Integration Center.
Automakers are transitioning their focus from production to innovation as consumer demands change, writes Craig Guillot. "We've changed and adapted to serve the automakers and many consumers are being driven by cockpit electronics," said James Fisher of Visteon.
The industrial internet of things will use sensors, computers, cameras and other devices to link every facet of the supply chain from products to machines and tools, according to this analysis. An "internet of everything" allows for benefits such as monitoring inventory, space management in trailers and improves real-time decision making about asset use.
The emergence of cloud technology and various startups in the industry is helping the freight forwarding market to become more efficient and transparent. Some organizations are turning to technology for invoice creation and payment through online platforms, while others are utilizing tools to better connect suppliers with customers.
Shipper costs per mile are up 4%, while transit times are increasing for routes of 450 to 550 miles, according to Zipline Logistics. The company's analysis shows a 16.2% increase in transit days after the electronic logging device mandate went into effect.
The use of analytics is a critical component to allowing UPS to continue to compete with Amazon. Not only will the company's EDGE data projects help it to save as much as $300 million a year upon full deployment, but it is also helping to minimize mistakes, improve performance and determine when trucks should be washed, reports Elizabeth Woyke.
Data breaches lead to failure within six months for 60% of small and medium-sized businesses, according to the National Cyber Security Alliance, Jeff Eiserman writes. IT preparation, employee training and cyberliability insurance are all recommended steps, he writes.