Supply Chain
Top stories summarized by our editors
10/15/2019

Harley-Davidson has suspended production of its LiveWire electric motorcycle after finding a "non-standard condition" and says it is further testing the product. The company didn't say when production might restart.

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Reuters
10/15/2019

Contract manufacturer Precision Cut Industries defines its culture through 30 specific behaviors, known as fundamentals, that are expected of employees and discussed at weekly meetings. The list includes "Be easy to work with" and "Keep things fun."

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The Fabricator online
10/15/2019

Emerson Electric has introduced an online portal for its automation solutions division that provides digital tools, information and an e-commerce platform for engineers. The MyEmerson platform saves engineers time by making it faster to configure product instrumentation, according to the company.

10/15/2019

Digital supply networks have several benefits over conventional supply chains, but manufacturers need to have the right data, security and mindset in place before introducing them, writes Beth Stackpole. Only 28% of manufacturers are using DSMs, but 85% are taking preliminary steps, according to surveys.

10/15/2019

Manufacturers are trying to get young people interested in the field by providing teachers with internships so they can share what they learn with students, emphasizing modern technology and giving facility tours. Altek Electronics in Connecticut has created an after-school program to train high-schoolers in soldering.

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IndustryWeek
10/15/2019

Nike is reportedly ending its wholesale relationship with independent retailers as it focuses on direct-to-consumer sales. The shoe giant intends to make 50% of sales through its website and corporate-operated stores, and the move will help it enhance customer relationships and maintain brand value without discounting,
Cally Russell writes for Forbes.

10/15/2019

Walmart has begun a program on its e-commerce marketplace that will temporarily cut prices on selected products while the company guarantees not to reduce the amount paid to third-party sellers. The Competitive Price Adjustment program is starting in the wake of an Amazon initiative that began in the summer and gives Amazon control over setting prices on goods from third-party sellers.

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Walmart
10/14/2019

Fastenal totaled $213.5 million in earnings during the third quarter. Fastenal's revenue was $1.38 billion for the period.

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The Associated Press
10/14/2019

Tech Data sets itself apart through its global and portfolio diversity, as its solutions allow customers to better serve a large number of markets and work across regions, according to Joe Quaglia, Tech Data's Americas president. Quaglia cited Tech Data's Avnet Technology Solutions acquisition as a move that helped the company better scale its operations in the Asia-Pacific region and other areas.

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CRN (US)
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Tech Data
10/14/2019

Distributors must have a firm understanding of customer spending capacity before trying to get more wallet share, says author Devin Ferreira. Distributors can gain valuable information about customers' spending capacity and purchasing habits by studying what customers are willing to pay for specific items and having conversations with buyers about budget approval processes and current needs, said SelectSoftware founder Phil Strazzulla.

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TED Magazine
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Phil Strazzulla