Supply

Online Retail Penetration Remains Low for Grocery, While Consumer Electronics is Set to See 50% of all Sales from Online Channels in Coming Years

Retrieved on: 
Tuesday, March 19, 2024

Retail stores and employee numbers look set to decrease across most segments as retailers introduce new store technologies and invest in alternative fulfillment methods.

Key Points: 
  • Retail stores and employee numbers look set to decrease across most segments as retailers introduce new store technologies and invest in alternative fulfillment methods.
  • According to global technology intelligence firm ABI Research, retail stores will fall at a CAGR of -1.8% and -0.9% in North America and Europe, respectively.
  • For example, online retail has surpassed 30% of all sales in the UK, while Italy sits much lower at just over 11%.
  • Food and grocery hold a relatively low online sales penetration rate across all countries assessed, ranging from 3-13%.

Robert Kufner, President & CEO at Designatronics Receives Patriot Award

Retrieved on: 
Tuesday, March 19, 2024

HICKSVILLE, N.Y., March 19, 2024 /PRNewswire-PRWeb/ -- The National Guard was founded in 1636 as a citizen force organized to protect families and towns from hostile attacks. What is unique about the National Guard soldiers (Citizen-Soldiers) is that they live and work locally while maintaining their military training part-time, always ready to respond when needed. A key component of the U.S. military, today's National Guard plays an even greater role, serving both community and country.

Key Points: 
  • A key component of the U.S. military, today's National Guard plays an even greater role, serving both community and country.
  • Because of this understanding and support, Robert Kufner, President and CEO at Designatronics, was nominated by First Lieutenant Walter for the Patriot Award.
  • The Patriot Award acknowledges employers for their outstanding support of their Guard and Reserve employees.
  • The award was presented by the Executive Director of Employer Support of the Guard and Reserve (ESGR), Ret.

Trustwell Joins Global Dialogue on Seafood Traceability to Enhance Sustainable Practices and Supply Chain Transparency

Retrieved on: 
Thursday, March 14, 2024

SALEM, Ore., March 14, 2024 /PRNewswire-PRWeb/ -- Trustwell, a leading innovator in the food supply chain sector, is proud to announce its recent Endorser membership in the Global Dialogue on Seafood Traceability (GDST). This pivotal move underscores Trustwell's commitment to sustainability and transparency within the seafood industry, aligning with global efforts to improve traceability practices.

Key Points: 
  • SALEM, Ore., March 14, 2024 /PRNewswire-PRWeb/ -- Trustwell, a leading innovator in the food supply chain sector, is proud to announce its recent Endorser membership in the Global Dialogue on Seafood Traceability (GDST).
  • This pivotal move underscores Trustwell's commitment to sustainability and transparency within the seafood industry, aligning with global efforts to improve traceability practices.
  • By participating in GDST, Trustwell aims to foster a more sustainable seafood supply chain that benefits all stakeholders, from fishermen to consumers.
  • For more information about Trustwell and its involvement with the Global Dialogue on Seafood Traceability, please visit http://www.trustwell.com .

Supply & Demand Chain Executive Honors TraceLink CEO Shabbir Dahod with Prestigious 2024 Pros to Know Lifetime Achievement Award

Retrieved on: 
Wednesday, March 13, 2024

BOSTON, March 13, 2024 /PRNewswire/ -- In a well-deserved acknowledgment of a career dedicated to advancing the life sciences and healthcare supply chain sector, Supply & Demand Chain Executive has awarded Shabbir Dahod, President and Chief Executive Officer of TraceLink, a 2024 Pros to Know Lifetime Achievement Award.

Key Points: 
  • BOSTON, March 13, 2024 /PRNewswire/ -- In a well-deserved acknowledgment of a career dedicated to advancing the life sciences and healthcare supply chain sector, Supply & Demand Chain Executive has awarded Shabbir Dahod, President and Chief Executive Officer of TraceLink, a 2024 Pros to Know Lifetime Achievement Award.
  • Shabbir Dahod has made remarkable contributions to the life sciences and healthcare industry, distinguishing himself through his dedication to enhancing the integrity of the pharmaceutical supply chain.
  • "I'm truly honored to be recognized by Supply & Demand Chain Executive in their Pros to Know Awards.
  • Winners of the 2024 Pros to Know Awards, including Dahod, will be featured in the March 2024 issue of Supply & Demand Chain Executive.

Supply & Demand Chain Executive Honors TraceLink CEO Shabbir Dahod with Prestigious 2024 Pros to Know Lifetime Achievement Award

Retrieved on: 
Wednesday, March 13, 2024

BOSTON, March 13, 2024 /PRNewswire/ -- In a well-deserved acknowledgment of a career dedicated to advancing the life sciences and healthcare supply chain sector, Supply & Demand Chain Executive has awarded Shabbir Dahod, President and Chief Executive Officer of TraceLink, a 2024 Pros to Know Lifetime Achievement Award.

Key Points: 
  • BOSTON, March 13, 2024 /PRNewswire/ -- In a well-deserved acknowledgment of a career dedicated to advancing the life sciences and healthcare supply chain sector, Supply & Demand Chain Executive has awarded Shabbir Dahod, President and Chief Executive Officer of TraceLink, a 2024 Pros to Know Lifetime Achievement Award.
  • Shabbir Dahod has made remarkable contributions to the life sciences and healthcare industry, distinguishing himself through his dedication to enhancing the integrity of the pharmaceutical supply chain.
  • "I'm truly honored to be recognized by Supply & Demand Chain Executive in their Pros to Know Awards.
  • Winners of the 2024 Pros to Know Awards, including Dahod, will be featured in the March 2024 issue of Supply & Demand Chain Executive.

SXSW Highlights Interos' Jennifer Bisceglie on Supply Chain Risk and Resilience

Retrieved on: 
Wednesday, March 13, 2024

ARLINGTON, Va., March 13, 2024 /PRNewswire/ -- Interos Founder & CEO Jennifer Bisceglie shared invaluable insights on navigating regulatory constraints during this year's South by Southwest technology conference. The session "Changing the Rules: How to Succeed in Highly Regulated Industries," addressed the challenges and opportunities faced by startups and innovators across banking, finance, energy, health, and other key sectors.

Key Points: 
  • Drawing from Interos' expertise managing supply chain restrictions and shifts for global organizations, Bisceglie emphasized the need for agility and innovation in leading through diverse regulatory landscapes.
  • Bisceglie highlighted the complexities of navigating contradictory dynamics in emerging industries, citing the dichotomy between transparency mandates and data protection regulations such as Germany's Supply Chain Act.
  • "Germany fines companies for lack of supply chain transparency while also providing data protection for not disclosing data."
  • Bisceglie advocated for newer enterprises to prioritize a customer-first approach over direct engagement with regulators in their initial growth stages.

Shocked to the core: a new model to understand euro area inflation

Retrieved on: 
Tuesday, April 2, 2024

The pandemic's disruption of global supply chains and the spike in natural gas prices following Russia’s invasion of Ukraine were significant drivers of surging inflation.

Key Points: 
  • The pandemic's disruption of global supply chains and the spike in natural gas prices following Russia’s invasion of Ukraine were significant drivers of surging inflation.
  • Traditional inflation models often ignore such supply-side shocks, even though they can have a significant and persistent impact on core inflation in the euro area (as measured by rates of change in the Harmonised Index of Consumer Prices excluding the energy and food components).

FTC Releases Report on Grocery Supply Chain Disruptions

Retrieved on: 
Tuesday, April 2, 2024

The Federal Trade Commission today issued a report on the causes behind grocery supply chain disruptions resulting from the COVID-19 pandemic.

Key Points: 
  • The Federal Trade Commission today issued a report on the causes behind grocery supply chain disruptions resulting from the COVID-19 pandemic.
  • The report revealed that large market participants accelerated and distorted the negative effects associated with supply chain disruptions.
  • The FTC’s report also examined how supply chain disruptions affected competition among retailers, wholesalers, and producers, as well as the impacts on consumers and businesses.
  • “The FTC’s report examining U.S. grocery supply chains finds that dominant firms used this moment to come out ahead at the expense of their competitors and the communities they serve.” As the report explains, supply chain disruptions did not equally impact every retailer, wholesaler, or producer.

Competitive Impacts of Supply Chain Disruptions


The report highlights several key insights regarding market structure and business conduct among grocery retailers, wholesalers, and producers, as well as their effects on consumers. These insights include:
The Commission voted 3-0 to issue the staff report. Commissioner Rebecca Kelly Slaughter issued a statement.

EQS-News: Strong financial year 2023: KION more than doubles adjusted EBIT and margin with outstanding free cash flow

Retrieved on: 
Wednesday, March 13, 2024

The Industrial Trucks & Services segment again achieved a double-digit adjusted EBIT margin of 10.0 percent, corresponding to an adjusted EBIT of € 848.5 million (2022: € 420.5 million).

Key Points: 
  • The Industrial Trucks & Services segment again achieved a double-digit adjusted EBIT margin of 10.0 percent, corresponding to an adjusted EBIT of € 848.5 million (2022: € 420.5 million).
  • Following a loss in the previous financial year, the Supply Chain Solutions segment achieved a positive adjusted EBIT margin of
    1.5 percent with an adjusted EBIT of € 44.3 million (2022: € -45.6 million).
  • Free cash flow in 2024 will be in positive territory in line with the expected healthy financial performance but will be below the high free cash flow of the previous year.
  • Adjusted EBIT for ITS is expected to improve to between € 850 million and € 950 million with a double-digit adjusted EBIT margin.

EQS-News: Siltronic expands its Executive Board: Klaus Buchwald becomes Chief Operating Officer

Retrieved on: 
Wednesday, March 13, 2024

Siltronic expands its Executive Board:

Key Points: 
  • Siltronic expands its Executive Board:
    Munich, Germany, March 12, 2024 – Effective August 1, 2024, the Supervisory Board has appointed Klaus Buchwald to the Executive Board of Siltronic AG.
  • The 55-year-old will assume the position of Chief Operating Officer (COO).
  • In his role, Mr. Buchwald will be primarily responsible for Operations and Supply Chain, Engineering and IT.
  • Furthermore, the existing division of responsibilities between CEO Dr. Michael Heckmeier and CFO Claudia Schmitt will remain unchanged.