Some consumer packaged goods manufacturers are targeting price toward well-perceived products and ensuring that marketing and innovation coincides with the price hike. "Part of the goal of the price increase is to generate more profit, not just to keep in your pocket, but to reinvest back in the business," said Ellen Kan, senior director at Simon-Kucher & Partners.
Global enterprise supply chains should follow the example of consumers and do more of their business online, writes Richard Donaldson of Requis.com. "We will see trillions of dollars in savings that will drive up corporate profits, and drive down overall consumer prices (or keep them flat)," he writes.
Robots may be gradually taking on duties in factories, but their numbers remain small, and "for the majority of factory jobs, humans still perform best," writes Drishti CEO Prasad Akella. He encourages manufacturers to focus on how humans and machines can work together, such as by teaching workers how to analyze data gathered by machines.
Centerville Place in Ohio will soon embark on a $130 million mixed-use redevelopment plan. Current tenants include Bath & Body Works, Great Clips, Lock 27 Brewing and La Pinata Mexican Grill & Bar and will be given the opportunity to stay at the new facility upon completion in 2020.
Target has announced a new grocery brand, Good & Gather, which will include more than 2,000 products ranging from hazelnut spread and salad mixes to milk and eggs. The items will land in stores on Sept. 15 and are expected to become the retailer's largest private label line.
Airbus' North American operations are handling expense reports quicker, cheaper and with less human involvement by using an artificial intelligence-support technology platform. Airbus recouped its initial $50,000 investment in the first year and is expected to save $200,000 or more next year.
Google has expanded its year-old college search function to include data on not just four-year colleges but also two-year programs and institutions and certificate programs. The search provides such data as graduation rates and tuition as well as location and potential areas of study.
New Zealand-based outdoor gear brand Kathmandu will start selling its sleeping bags, parkas and other products at 25 REI and Walmart-owned Moosejaw stores. Kathmandu, which operates 170 branded stores in Australia and New Zealand, expanded its supply chain to the US with the $60 million acquisition last year of Montana-based Oboz Footwear.
Amazon is testing a "top brand" label on products from certain fashion companies including Fruit of the Loom, Under Armour and Speedo. The brands have earned the labels by being popular with consumers and companies don't pay for the designation, an Amazon spokeswoman said.