Robots in use at Amazon warehouses are have a major impact on the time it takes to pick a product, pack it and ship it to consumers. What used to be a 60-75 minute “click-to-ship” cycle is now down to 15 minutes, thanks to the more efficient robots.
A new report says U.S. businesses will likely scale back on inventories throughout 2016. The annual State of the Logistics Report from the Council of Supply Chain Management Professionals and A.T. Kearney also stated logistics costs for U.S. businesses grew 3.1% last year.
Wal-Mart Stores Inc. plans to sell its Yihaodian website, it’s Chinese e-commerce business, to JD.com Inc. Wal-Mart and JD.com announced a new partnership this week that includes a number of initiatives for the Chinese market.
Nestle plans to begin sourcing coffee from Cuba and sell it in the United States for the first time in 50 years. Coffee is among the list of goods the U.S. Department of State is allowing companies to import from Cuba now that sanctions on Cuba have been lifted.