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Sysco bets its future on the supply chain

It's hardly unusual for a CEO to outline his vision for the company's future at an annual shareholders' meeting. But it's not every day that the CEO unveils a killer supply chain strategy for taking the company to the top. When he addressed his company's annual meeting in November, Richard J. Schnieders, CEO and president of Sysco, North America's largest food-service distributor, did just that.

"Our vision is to become the global leader of the efficient, multi-temperature food product supply chain," Schnieders told his audience. "We will be able to move a case, or multiple cases, of food and related products from points anywhere in the world more effectively than any other company. By further developing our global supply chain, we intend to provide significant benefits and opportunities for our customers, suppliers, Sysco associates, and ultimately our shareholders."


Sysco is in the midst of what it calls its National Supply Chain Project, which will focus on improving its forecasting, using technology to cut operating and delivery costs, and opening as many as nine redistribution centers throughout the United States. The first redistribution center, located in Front Royal, Va., began shipping products 11 months ago. At press time, Sysco was preparing to complete the design phase for a second center in Alachua, Fla., and to announce the site it had selected for its third RDC.

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Report: Five trends in AI and data science for 2025

Report: Five trends in AI and data science for 2025

Artificial intelligence (AI) and data science were hot business topics in 2024 and will remain on the front burner in 2025, according to recent research published in AI in Action, a series of technology-focused columns in the MIT Sloan Management Review.

In Five Trends in AI and Data Science for 2025, researchers Tom Davenport and Randy Bean outline ways in which AI and our data-driven culture will continue to shape the business landscape in the coming year. The information comes from a range of recent AI-focused research projects, including the 2025 AI & Data Leadership Executive Benchmark Survey, an annual survey of data, analytics, and AI executives conducted by Bean’s educational firm, Data & AI Leadership Exchange.

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East and Gulf coast strike averted with 11th-hour agreement

Shippers today are praising an 11th-hour contract agreement that has averted the threat of a strike by dockworkers at East and Gulf coast ports that could have frozen container imports and exports as soon as January 16.

The agreement came late last night between the International Longshoremen’s Association (ILA) representing some 45,000 workers and the United States Maritime Alliance (USMX) that includes the operators of port facilities up and down the coast.

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Demand for warehouse space cooled off slightly in fourth quarter

The overall national industrial real estate vacancy rate edged higher in the fourth quarter, although it still remains well below pre-pandemic levels, according to an analysis by Cushman & Wakefield.

Vacancy rates shrunk during the pandemic to historically low levels as e-commerce sales—and demand for warehouse space—boomed in response to massive numbers of people working and living from home. That frantic pace is now cooling off but real estate demand remains elevated from a long-term perspective.

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Sick and Endress+Hauser say joint venture will enable decarbonization

The German sensor technology provider Sick GmbH has launched a joint venture with the Swiss measurement technology specialist Endress+Hauser to produce and market a new set of process automation solutions for enabling decarbonization.

Under terms of the deal, Sick and Endress+Hauser will each hold 50% of a joint venture called "Endress+Hauser SICK GmbH+Co. KG," which will strengthen the development and production of analyzer and gas flow meter technologies. According to Sick, its gas flow meters make it possible to switch to low-emission and non-fossil energy sources, for example, and the process analyzers allow reliable monitoring of emissions.

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Noblelift North America names Pedriana as president

Material handling equipment provider Noblelift North America on Tuesday named Bill Pedriana as its new president, charging him with leading the Des Plaines, Illinois-based company into “a new era of innovation, growth, and customer-centric success.”

He replaces Loren Swakow, the company’s president for the past eight years, who built a reputation for providing innovative and high-performance material handling solutions, Noblelift North America said.

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