Transportation TIP List: Week of February 7th, 2016
Love is in the air! With Valentine’s Day just around the corner, it’s certainly “heart”-ening to see lots of news in the transportation industry this week. This edition of our TIP List is sweet on manufacturing, packaging materials and the power of game theory in procurement, just to name a few. Read on for all of the trends we’re smitten with!
- 12 Member Nations Sign TPP: The trade ministers of Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam signed the Trans-Pacific Partnership agreement at a meeting in Auckland last week. TPP member countries comprise about 40% of global GDP and represent about one third of world trade.
- The Power of Game Theory in Procurement: The study of how people make decisions is known as game theory. And it’s a crucial tool to have in the modern business environment, especially when it comes to the art of negotiation – since buyers are often assessed on their ability to negotiate.
- 2015: A Year of Marginal Growth for Air Cargo: Last year can be summarized as a period of marginal growth for air cargo demand, despite the strong first quarter. In its monthly market update, analyst WorldACD said that volume increased by a “meager” 2% during the full year despite starting the year strongly.
- Packaging Material Outlooks – Towards a $1 Trillion Milestone in 2020: In its flagship report The Future of Global Packaging to 2020, Smithers Pira data charts how a market value forecast at $839 billion in 2015, will undergo healthy year-on-year growth at 3.5%, reaching $998 million in 2020. However, expansion will not be uniform.
- 2016 Predictions: Three Best Investments For Manufacturers: The manufacturing industry is constantly in flux, and that’s especially true with the advent of Industry 4.0, also called the Fourth Industrial Revolution. Data is more available and important than ever before, thus making efficiency gains even more measurable.
- The US Wants to Make Oil, Gas, and Mining Companies More Transparent About Their Deals: Environmentalists and transparency activists are feuding with energy and mining interests over a proposed US Securities and Exchange Commission (SEC) regulation that would require companies to disclose how much they pay for the right to extract minerals around the world.
- Managing for Daily Improvement: Bridging the Gap Across Teams and KPIs: On the day-to-day ground level, as challenges arise, solutions are sought not by looking in the rearview mirror asking what could have been done. The question to pose instead is “How can we improve?”
What industry trends do you have your eye on this week?