DETROIT – During recent years, people have begun to expect a greater degree of sophistication from logistics services. They have associated this term with the detailed execution of complex activities. Logistics today, therefore, encompasses general marketing and the management of progression between a product’s origin and point of consumption. In essence, these logistic services could
WASHINGTON DC - The National Association of Manufacturers released its Manufacturers’ Outlook Survey for the third quarter of 2022, which shows mixed results around a challenging economic environment, inflation, supply chains and the workforce. The NAM conducted the survey Aug. 16–30. “Three out of four manufacturers still have a positive outlook for their businesses, but
DETROIT - Competition between the United States and China in the realms of electric and autonomous vehicles could determine the future control of global supply chains in an unprecedented way, according to a lawmaker and several experts. “Our competitors, particularly in China, are not holding back,” said Sen. Gary Peters (D-Mich.) during an April 27
LANSING – Workforce shortages, inflation and supply chain disruptions remain the main obstacles Michigan’s small businesses are facing, according to a new survey released today by the Small Business Association of Michigan. “Though there is more optimism among small business owners, the struggles that are plaguing small businesses are still very prominent,” said SBAM President
DETROIT—Comerica Bank’s Michigan Economic Activity Index decreased in August to a level of 106.6 from a revised July index of 107.4. In August, Comerica economists said, only three of those components rose—nonfarm payrolls, unemployment insurance claims, and house prices. Four components declined—housing starts, industrial electricity demand, light vehicle production, and state sales tax revenue. Total
GRAND RAPIDS — Although still positive, the recovery for the West Michigan industrial economy has slowed considerably in recent weeks, according to a GVSU economist. Brian G. Long, director of Supply Management Research in the Seidman College of Business at Grand Valley State University, said the slowdown is expected at this stage of an economic
TROY - Algo announced it has received a multi-million dollar investment from Plymouth Growth, an Ann Arbor private equity finance company. This new capital and strategic partnership will allow Algo to deepen its market penetration and increase sales and marketing capabilities. Details were not announced. Algo is a SaaS solution provider used by enterprise businesses,
ANN ARBOR—LLamasoft, a developer of supply chain design and modeling software, announced a strategic partnership with JD Logistics, the logistics arm of JD.com, China’s largest retailer. Through the partnership, JD Logistics will exclusively deliver and integrate LLamasoft’s solutions as part of its existing service and technology offerings to select manufacturers, retailers and logistics providers in
ANN ARBOR - A global survey of supply chain decision makers reveals that economic performance is the top ranking corporate sustainability priority for the majority of organizations. However, when directly asked whether profitability or sustainability was more important, 60 percent gave equal priority to these objectives, with another 25 percent leaning towards sustainability. Conducted by
ANN ARBOR — A new global study by software logistics company LLamasoft finds that 66 percent of manufacturers said that they would change their supply chains in order to tackle economic nationalism. Another 50 percent of respondents said economic nationalist policies will increase operational costs, and 45 percent are considering alternative suppliers, representing almost $3.1
