LTL carriers step up cost saving as market stays stubbornly soft
As job culls spill over into the less-than-truckload (LTL) sector, XPO has been on a ...
RXO: COYOTE FILLIP GONEGM: SUPPLY CHAIN HITBA: CUT THE FAT ON THE BONER: STEADY YIELDMAERSK: SELL-SIDE UPDATESDAC: TRADING UPDATE OUT SOONTSLA: FEEL THE PAIN IN CHINAWMT: GUESS WHATXPO: SURGINGAMZN: LOOKING FORWARDCHRW: PAYOUT UNCHANGEDWTC: NEW HIGH MAERSK: 'AFLOAT IN A SEA OF RISK' F: TARIFF TRAFFIC WARNINGHON: GAUGE THE UPSIDEXPO: STELLAR EARNINGS DELIVERYMAERSK: DEMAND DISRUPTION RISK
RXO: COYOTE FILLIP GONEGM: SUPPLY CHAIN HITBA: CUT THE FAT ON THE BONER: STEADY YIELDMAERSK: SELL-SIDE UPDATESDAC: TRADING UPDATE OUT SOONTSLA: FEEL THE PAIN IN CHINAWMT: GUESS WHATXPO: SURGINGAMZN: LOOKING FORWARDCHRW: PAYOUT UNCHANGEDWTC: NEW HIGH MAERSK: 'AFLOAT IN A SEA OF RISK' F: TARIFF TRAFFIC WARNINGHON: GAUGE THE UPSIDEXPO: STELLAR EARNINGS DELIVERYMAERSK: DEMAND DISRUPTION RISK
One of the world’s largest food producers, US behemoth Kraft Heinz is set to shake-up its supply chain and procurement practises in a bid to save around $2bn, according to Food Business News. Senior executives have admitted that costs in its giant supply chain have gotten out of control and have identified around $1.2bn in savings from procurement and another $800m from manufacturing and logistics efficiencies. “We were not able to implement productivity initiatives to offset cost inflation. So, we lost efficiency in procurement, manufacturing and logistics. We were late to transition from integration-driven consolidation to ongoing productivity plans,” said Paulo Luiz Araujo Basilio, global chief financial officer.
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