While retailers can't control the weather, they can leverage weather-related data to drive their bottom lines, according to a new report from IBM. The survey of 1,000 C-level executives representing 13 industries in 15 countries reported that the executives believed improved weather insights can reduce annual operating costs, with nearly a quarter saying the savings can be between 2% and 5%. Read more.
Dane Manufacturing more than tripled consolidated annual sales in three years by pursuing strategic mergers and acquisitions using specific criteria. The linchpin was Dane's June acquisition of Dantherm Cooling, a deal that required months of effort to secure financing.
Product-development teams must have access to enough funds to take risks and get creative, write Mike Gordon, Marek Kowski and Sander Smits. Traditional metrics are important to measure, they add, but so are customer loyalty and team morale.
Industrial internet of things-derived data is a powerful tool for identifying waste, downtime and other issues on packaging lines and other plant equipment, writes Danaher executive Arun Saksena. "IIoT solutions combine data collected from sensors and machines with data from shop-floor manufacturing execution systems (MES) and other sources such as ERP to provide a data foundation upon which numerous analytics-driven applications can be built," Saksena writes.
A.R.E. Manufacturing in Newberg, Ore., teamed up with the Oregon Manufacturing Extension Partnership to apply lean principles to its recruitment and employee-development programs. The result was an on-site training initiative that helped employees to become proficient more quickly.
The Connecticut Center for Advanced Technology hosted its annual Manufacturing Mania event in Southbury, Conn. About 200 students learned about job opportunities and a modern perception of manufacturing.
TriGate Capital has secured a new $69 million refinance loan for the 726,306-square-foot Crossroads of Taylorsville in Taylorsville, Utah. The three-year, floating-rate loan will also provide for tenant improvements and efforts to stabilize the property.
Kohan Retail Investment Group has paid off the more than $277,000 in back real estate taxes, interest and penalties it owed on Virginia Center Commons in Virginia.
Golden Week, a Chinese holiday in which people travel abroad, brought shoppers to Dubai Mall. Mobile payment platform Alipay reported that during Golden Week, 84% of its transactions in the region were from Chinese nationals.
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