Thanks to application of the Internet of Things (IoT), 72% of manufacturers saw increases in productivity and 69% saw improved profitability in the past year, according to The MPI Internet of Things Study, sponsored by BDO.
The most common strategy deployed by many water bottlers to meet sustainability initiatives has been to significantly lightweight their PET containers. However, a recent study found that oftentimes these bottles might meet consumer expectations for convenience and price, but may not minimize the carbon footprint.
Prime Advantage, a leading group purchasing organization for midsized manufacturers, announces the findings of its ninth edition of the CFO Survey, revealing the financial projections and top concerns of industrial manufacturing companies. The results show that optimism in manufacturing among the group's members is at its highest levels since the annual survey’s inception.
The distilled spirits sector achieved accelerated growth in 2016 with supplier sales up 4.5% to $25.2 billion, volumes up 2.4% to 220 million cases and a seventh straight year of market share gains relative to beer, the Distilled Spirits Council announces.