Bakeries across the U.S. have sought creative ways to operate amidst the challenge of soaring egg prices.
Some bakeries have dropped items that require more eggs as the raw ingredient. Others have started selling by advance order only. A few are thinking of sourcing eggs from lower price national vendors instead of local ones. All are trying to keep operating without resorting to passing the price increase to customers.
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While Carhartt traces its roots back 133 years, the company is now implementing digital tools (cloud, analytics, artificial intelligence, etc.) to improve its overall supply chain operations.
To implement process improvements, data must be timely, accurate, and relevant. A common expression amongst operations leaders: for something to be “meaningful” it also needs to be “measurable.” Hence the requirement for real-time data analytics.
Carhartt continues to improve its operational capabilities—for example increasing factory automation—as a means to further enhance a differentiated business strategy […]
As inflation is impacting the prices of products, many organizations are looking for ways to cut costs. One such approach previously examined by OM in the News is the concept of shrinkflation, when companies reduce the size of the product. In many cases, customers don’t notice the change is size.
Now, instead of reducing the size of the product, some companies are changing the ingredients, choosing cheaper alternatives. This approach is being referred to as skimpflation.
One example of […]
Staffing issues and lower milk production in the first half of the year have led to a dairy shortage, resulting in less butter on store shelves and in storage facilities.
Butter prices increased 28% from January 2022 to September 2022. Factors leading to the increase in costs of food production include severe weather and the Russia-Ukraine war.
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This post is based on […]