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Research shows that 97% of hardware startups fail because they didn’t deliver their product on time, there was a lack of consumer demand, a high burn rate, product strategy mistakes, or regulatory uncertainty. 1 Hardware product companies produce a broad range of advanced hardware and equipment ranging from medical devices, battery technology, and cyber-electronics to home appliances, networking tools, and other pioneering technology designed to improve our lives.
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It’s no secret that putting all of your eggs in one basket probably isn’t the best idea, but that’s exactly what manufacturers around the world have been doing for years in offshoring production to China. Starting in the late 1980s, packing up shop and moving abroad made sense. Benefits such as low-cost labor, raw materials, cheap transportation, favorable regulations and proximity to suppliers were too good to pass up.
While an official timetable has not yet been established, Pennsylvania Governor Josh Shapiro said fixing the impacted portion of the highway could take "a number of months.
Peter Drucker wrote in his book “Managing in the Next Society” that “the biggest challenge for the large company and especially for the multinational may be its social legitimacy – its values, its mission, its vision. Everything else can be outsourced.” This idea, coupled with the state of the global economy, has led many organizations to scrutinize their supply chains and consider outsourcing logistical operations to third-party logistics (3PLs) providers when it makes sense.
Cloud supply chain leader announces additional funding as more brands unify their logistics on a single platform that combines warehousing, freight and fulfillment Led by Franklin Templeton, this brings Stord’s total funding to $325 million and increases the company’s valuation to $1.3 billion ATLANTA, May 3, 2022 -- Stord , the cloud supply chain leader, announced today that it has raised an additional $100+ million in Series D financing led by Franklin Templeton, bringing the total round t
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By Russell Wiseman (pictured) Head of Global Beverage Solutions, Domino Printing Sciences The post The Labelless Dilemma: Managing Product Marking for Labelless PET Bottles appeared first on IT Supply Chain.
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Given today’s labor environment, every fulfillment operation needs to be moving toward automation. There’s great technology out there for your fulfillment automation needs, but it’s important to pick the correct strategy and implement it effectively to ensure automation investments don’t go awry.
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