Demand and prices for cardboard boxes and wood pallets have both been increasing in recent months, according to reports. Higher lumber prices and increased e-commerce are fueling the growth, experts say.
Uber Freight is acquiring logistics software company Transplace from TPG Capital for $2.25 billion. The deal will "create an industry-first shipper-to-carrier platform," according to Uber Freight head Lior Ron, and it could also help Uber Freight become profitable.
Mindfulness can be practiced in almost any situation to improve your focus, regulate your emotions, set better goals and be more grateful, writes LaRae Quy. "At its core, mindfulness allows us to observe our interior thoughts and external circumstances with compassion and a lack of judgment, no matter how harsh the reality," she writes.
Leadership will always require long-term effort to develop "the full repertoire of the skill set," says Michael Useem, a professor at the Wharton School of the University of Pennsylvania. His recent book profiles such leaders across eras, including Progressive CEO Tricia Griffith and President George Washington.
Amazon has introduced the Brand Referral Bonus program, which rewards brands that drive site traffic to Amazon, although that reward is a reduction in transaction fees rather than a cash payout. "The program has a singular purpose: stopping brands from investing in direct-to-consumer websites and directing those shoppers to Amazon instead," argues Juozas "Joe" Kaziukėnas, founder of Marketplace Pulse.
Distributors should consider adopting advanced enterprise resource planning systems when they are experiencing significant growth or increasing supply chain visibility, among other reasons, writes Mark Jordan of SAP. "Distributors will also move to a new ERP when they need to reduce risk and establish new governance to ensure dispersed teams operate and function the same way across the organization," Jordan writes.
Companies can bring automation to distribution yards by using drive-through loading dock design, ensuring sufficient electric and IT infrastructure, and properly training employees, writes Kyle Bertin of Outrider. "Three key areas must be considered when planning for yard automation -- property, process and people," Bertin writes.
Gallium nitride could provide a breakthrough for semiconductors, solar installations and electric battery production that improves efficiency, performance and sustainability, writes Neil Winton, citing companies and consultants. "GaN has a wider bandgap, is a promising technology for high power applications, and can be 3x times smaller compared to Si (Silicon) based systems," says Sujith Unnikrishnan, an analyst with Frost & Sullivan.
New Way Trucks will spend $4 million to expand manufacturing capacity in Booneville, Miss. The company will hire 120 or more employees as part of Mississippi's Advantage Job Rebate Program and is separately working with Northeast Mississippi Community College to train welders.