Ikea will invest $2.2 billion to upgrade existing stores, and open new stores and designer centers in the U.S.
Ikea’s expansion is in direct contrast to store closing decisions by other retailers, including Bed Bath & Beyond, Walmart, and Best Buy.
Video Spotlight:
This post is based on the Business Insider article, Ikea is spending over $2 billion to open 8 new […]
Shipping companies including the U.S. Postal Service, FedEx, and United Parcel Service will have enough capacity to achieve on-time deliveries this holiday season.
Consumers were enticed to shop early to take advantage of early holiday sales, shop more in stores, and moderate spending to counter inflation. As a result, shipping volume was reduced, and shipments were spread over a longer period.
Nevertheless, shipping companies are maintaining a buffer of excess capacity of 10 million to 20 million parcels each day to meet […]
Facing the challenges of semiconductor shortages and parts supply disruptions, Toyota lowered its July production forecast in Japan by 50,000 vehicles.
Toyota is expecting part shortages to be stabilized later in the year and will run additional shifts to meet the projected annual vehicle production volume of 9.7 million.
Read previous OM in the News posts about effects of the semiconductor shortage on the automotive industry, including some creative solutions.
Video Spotlight:
Samsung is investing $17 billion to build a new advanced chip-making plant in Taylor, Texas.
This is Samsung’s second facility in Texas to provide leading-edge manufacturing capacity for semiconductor production. Samsung’s Taylor location decision is incentivized with property tax breaks and federal subsidies.
Video Spotlight:
This post is based on […]