The Future Of Fashion Retailing: The Zara Approach -- Zara was designed to be responsive from its inception. Rather than subcontracting manufacturing to Asia, Zara built 14 highly automated Spanish factories, where robots work around the clock cutting and dyeing fabrics and creating unfinished "gray goods," the foundations of their final products. Like Uniqlo, Zara leverages automaker principles; these automated factories use a "just in time" inventory approach pioneered by Toyota Motor Company.
A long way from France...
Airbus bringing supply chain hub to Ohio -- Airbus Americas plans to establish aerospace suppliers in Dayton, aimed at creating a centralized Ohio Materials Manufacturing Technology Hub, the Dayton Business Journal reports. Sen. Sherrod Brown was on hand for the announcement Wednesday in Columbus that Airbus would partner with the National Composite Center in Kettering and theDayton Development Coalition.
"By listening to members on the OB10 network, we have created OB10 Express Payments to meet a critical need for businesses today."
OB10 launches new supply chain finance service -- OB10, the e-Invoicing network that handles £90bn of payments each year, has launched OB10 Express Payments, a unique supply chain finance service that allows organisations to receive payment on approved invoices within three days. The service supports the agreement announced this week between Prime Minister David Cameron and large UK organisations to consider or continue helping their suppliers' cash flow through supply chain finance.
"Crude-oil prices have been particularly vulnerable to worries about the global economy that have recently seized financial markets."
Supply Boom Upends the Oil Market -- Forecasters say that in the fourth quarter, global oil output will top demand by more than 630,000 barrels a day, the biggest surplus in four years. The jump is due to a confluence of events: Turmoil in the Middle East has subsided along with the production and transportation problems that had been stifling oil flows from the U.S., North Sea and Africa. Meanwhile, Saudi Arabia is pumping more oil to replace falling Iranian exports, keeping output from the Organization of the Petroleum Exporting Countries steady.