Vita Coco is just one of many CPGs that have had to change the way it does business
🥥 Vita Coco is just one of many CPGs that have had to change the way it does business.
CPG stands for "Consumer Packaged Goods." It refers to products that are sold to consumers for their personal or household use, such as food, beverages, cleaning supplies, personal care items, and over-the-counter medications. These goods are packaged in small, consumer-friendly sizes, such as cans, bottles, boxes, and bags, and sold through retail channels such as supermarkets, drug stores, and online marketplaces. Vita Coco Company co-founder and executive chairman Mike Kirban has spoken up about the uncertainty that the company has faced over the last several years of supply chain constraints.
Apple has called it quits on its ambitious Apple car project, known internally as 'Project Titan', reallocating its 2000-strong workforce.
Alibaba Group Holding Ltd. revealed a deeper involvement of Chinese government entities in its various business arms following an inquiry from the US Securities and Exchange Commission.
Flexport, the supply chain logistics firm, is undergoing its third round of layoffs in about a year, reducing its workforce by approximately 15% as part of cost-cutting measures to achieve profitability.
The APEC conference in San Francisco had a negative impact on businesses in the area, contrary to expectations of a boost in business.
Citigroup is reportedly considering job cuts of at least 10% in several major business units as part of CEO Jane Fraser's reorganization efforts.
Bank of America and several other major U.S. banks, including Chase, U.S. Bank, Truist, and Wells Fargo, have experienced issues with processing direct deposits, causing delays for customers.
JP Morgan's CEO, Jamie Dimon, has expressed concerns about the escalating conflict in the Middle East, particularly Israel's expected ground offensive on Gaza.
Former Treasury Secretary Larry Summers criticized the US government's new rules on mergers and acquisitions, calling it a "war on business."
According to a survey by ResumeBuilder.com, organizations are responding to changing work environments and declining interpersonal skills by implementing training programs to create a more professional and respectful office culture.
The adoption of demand sensing and shaping techniques, previously prevalent in the B2C sector, is now making its way into the B2B landscape, according to Sujit Singh, COO of Arkieva.
A Congressional report released on Tuesday revealed significant problems with the Treasury Department's $700 million loan to Yellow Corp. as part of a COVID-19 relief program in 2020.
The reasons behind the ongoing global inflation crisis remain a topic of debate among economists.
Walmart has announced new measures to reduce packaging waste in its online orders.
Customer service has a significant impact on customer satisfaction and loyalty.
The COVID-19 pandemic has caused businesses to rethink their KPIs and focus on areas such as remote work productivity, customer experience, supply chain resilience, and employee health and safety.
Cost-cutting is an important goal for any business, and the supply chain is a key area where cost savings can be achieved. However, cost-cutting measures should not be the sole domain of procurement.
CPG stands for "Consumer Packaged Goods."
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In a recent HSBC Holdings Plc survey, 47% of respondents said that overhauling their supply chain is a priority in 2023 and only 11% said it’s not necessary.
North Carolina is the United States’ number one state for business and boasts the strongest economy.
In the fast-paced world of logistics, FedEx and UPS are making some big changes.