The company reduced its total global workforce by 10% this year as ‘demand for consumer electronics waned,’ Reuters reported.
A tentative 5-year deal has been reached with UPS’s 340,000-member union, likely averting a nationwide strike. See our full recap of the deal and the contingency plans several distributors had prepared.
Midwest electrical, plumbing and HVAC distributor Dakota Supply Group celebrated the grand opening of a new location in Mankato, Minnesota.
Amazon plans to move some corporate employees working remotely or in smaller offices to the eCommerce giant’s hub locations in major cities.
A UPS worker strike could cause pandemic-like disruptions, the National Association of Wholesaler-Distributors President and CEO said.
Ecovadis is a a global platform that assesses companies’ sustainability performance, considering environmental, social, and ethical factors.
Under the terms of the agreement, KKR will acquire all outstanding shares of Chase common stock for $127.50 per share in cash.
Lowe’s says the new option will improve customers’ omnichannel experience, with fast and convenient delivery in ‘a matter of hours.’
This facility is designed to help manufacturers, retailers and warranty administrators dramatically extend product lifecycle and value.
Operating margin improved year-over-year across all three key business units, while the pace of organic sales declined.
UPS and the union representing over 340,000 UPS delivery and warehouse logistics workers will resume labor negotiations after being stalled.
The industrial parts distributor’s profit margin grew 190 bps year-over-year despite sales growth that was less than half that of 1Q.
