Companies may be increasingly turning to East Coast ports, but a new report shows the ports are failing to build enough warehouse space to meet the demands of incoming container traffic. Average availability of warehouse space fell from 14.6% in 2014 to 11.3% by the end of 2014.
Walmart is warning its suppliers to properly label products. The company sent out a memo to hundreds of its suppliers requiring the companies to correctly print the amount of product a package contains.
UPS said it will purchase 46 million gallons of renewable diesel over the next 3 years. The move will help the company reach its goal of displacing 12% of its petroleum-based fuels on its ground fleet by 2017.
The global market for procurement outsourcing grew 12% last year to reach $2.2 billion – the same amount of growth predicted for the industry this year, according to a research report.
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