Online B2B Super Star Zoro is doing something right
Grainger reports their online only arm: Zoro reaches $1B in annual sales. They cite several factors for success, including no-hassle returns. Read more here:
Highly Technical, Configure-to Order Online B2B? Easy-peasy!
Check out Rotochopper Inc.’s website. This is how to do online B2B right! Chat, videos, and a new online configure-price-quote (CPQ) system to help customers order massive wood-thrashings machines that have thousands of components and can cost several hundred thousand dollars.
Pencils down at the M&A department at Stanley Black and Decker
For a company that has spent almost $14B in acquisitions since 2002, that’s a lot! The reason? Their supply chain is too broken to entertain any new pieces of the puzzle. Read on for what their interim CFO said at an investor conference last month.
Onshoring is Working
TSMC announced it will offer 4-nanometer chips in its new $12B fab in Arizona when it opens in 2024. It expects this will, in addition to the 10,000 workers building the plant, also create 10,000 high-paying tech jobs. Notice they do not call it “manufacturing”. Is that a dirty word?
US Manufacturing Sector Contracting for the first time since the pandemic
Now that worrying about inflation is so 5-minutes-ago, let’s start worrying about job losses.
Oh, Come On!
The Senate voted 80-to-15 on a measure already passed by the House that would enforce a tentative labor agreement between railroads and workers and avert a national railroad strike. But a separate measure requiring railroad companies to give workers seven days of paid sick leave failed to garner enough votes.
California to hold hearings on banning Hex Chrome
The CA Air Resource Board is holding a hearing in January which is widely expected to result in the total ban of hexavalent chromium, a nasty but useful chemical that is used in many types of plating, by 2024. Both sides are loaded for bear, but this will result in the existing plating industry exiting California.
A Holiday Present!
The results are astonishing. Participants in a large scale four-day workweek study are reporting increases in revenue and employee productivity.
“The 4-day work week is equivalent to a ~25% pay bump in my opinion.”
– employee in one of the companies participating in the 4 day workweek experiment.
Employees were vocal in NOT wanting to go back to status quo at the end of the trial, with most demanding raises and some stating flatly that they were not interested in going back. Read more here: