UK retailer John Lewis's new affordable private-label line dubbed Anyday will feature about 2,400 products in several departments including home goods, baby products and technology. Products in the Anyday line will be priced as much as 40% lower than the retailer's other private-label brands, and about 1,000 additional products will be added later this year.
Aeon and other retailers in Japan are boosting their focus on health and wellness products to drive sales as parts of the country see a resurgence in COVID-19 cases. Aeon and competitor Seven & i Holdings are both growing their focus on home delivery, and Aeon is also setting its sights on growth in other parts of Asia.
The surge in e-commerce has sent demand for wooden shipping pallets soaring and higher costs for labor and raw materials are driving up prices for the pallets that sit under product loads and make them easy to move using forklifts, according to US and European data sources. The world contains about 5 billion pallets, the lion's share of them made from wood, and the average price of $9 to $12 could hit $15 this year.
Machine tool orders were up 34% in February, the fourth month in a row with year-over-year gains and "likely the beginning of a sustained recovery following the 2020 recession," said Douglas Woods, president of The Association for Manufacturing Technology.
February storms in Texas shut down chemical plants, which in turn have caused delays in making propylene oxide, a component in the foam that's used in recreational vehicles. Some RV manufacturers have moved forward with production but have pushed furniture installation to the end of the process.
Purell maker GOJO Industries has added manufacturing and distribution sites while hiring extra workers to handle 24-hour-a-day production during the pandemic. The company stepped up safety efforts with surveys, moving employees to remote work when possible, using multiple modes of communication and adjusting onboarding for onsite and offsite new employees.
Honeywell has a goal of carbon neutrality by 2035 that builds on progress the company has in the past 15 years, says CEO Darius Adamczyk. This push will require billions of dollars and includes internal investment in environmental-related technologies, he adds.
Timken Co.'s Louise Dalton started her career as the only female among 45 men as a technician apprentice for a helicopter manufacturer while taking classes. "By continuing to accept new challenges, I amassed a wide range of expertise in engineering, global distribution, global business analytics and aerospace," say Dalton, who is Timken's director of global supply chain.
Levi Strauss looks to open more stores this year to take advantage of vacant retail space and further its goal of expanding direct-to-consumer sales from 40% to 60% of total revenue, CEO Chip Bergh said. The fashion brand operates 40 full-line stores and 200 outlets in the US, and new locations will be smaller-format NextGen stores that will use machine learning tech to manage inventory, Bergh said.
A bridge loan is a short-term financing tool, one designed to satisfy a business' needs until a longer-term loan is secured, writes Dock David Treece. Treece discusses different situations where a bridge loan might be suitable and offers a comparison of terms between bridge loans and conventional bank loans.