Skip to content
Search AI Powered

Latest Stories

inbound

small company, big results

Small and medium-sized companies often assume their recycling programs won't make much of a difference to the environment. But Ken Lakin begs to differ.

Small and medium-sized companies often assume their recycling programs won't make much of a difference to the environment. But Ken Lakin begs to differ.

Lakin is CEO of Reading, Pa.-based Boscov's Department Stores, a family-owned, independent retailer with 49 locations in six states. In a recent press release, Lakin outlined the results of the company's logistics-focused recycling initiative in 2007. Topping the list was the recycling of more than 2.1 million pounds of wood through a pallet recycling program with Nazareth Pallet Co. Damaged pallets are now mulched, and Boscov's is reimbursed for reusable pallets. The company even saved 1,300 gallons of diesel because it did not have to deliver pallets to a disposal facility.


On top of that, the retailer's corporate office, stores, and warehouse facilities recycled more than 8.6 million pounds of cardboard and nearly 295,000 pounds of office paper last year.

As for what's ahead, Boscov's says its new "stock status operating system," which uses wireless communication to assign and move cartons to stores, will eliminate 5,200 pounds of paper transfer documents and 7,400 pounds of label stock. It also plans to re-program its warehouse conveyors to activate when cartons move past photoelectric eyes.When there is no activity, conveyors will stop running, which will reduce electricity consumption.

The Latest

More Stories

screenshot of map of shipping risks

Overhaul lands $55 million backing for risk management tools

The supply chain risk management firm Overhaul has landed $55 million in backing, saying the financing will fuel its advancements in artificial intelligence and support its strategic acquisition roadmap.

The equity funding round comes from the private equity firm Springcoast Partners, with follow-on participation from existing investors Edison Partners and Americo. As part of the investment, Springcoast’s Chris Dederick and Holger Staude will join Overhaul’s board of directors.

Keep ReadingShow less

Featured

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.

Keep ReadingShow less
aerial photo of port of miami

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.

Keep ReadingShow less
Logistics industry growth slowed in December
Logistics Managers' Index

Logistics industry growth slowed in December

Logistics industry growth slowed in December due to a seasonal wind-down of inventory and following one of the busiest holiday shopping seasons on record, according to the latest Logistics Managers’ Index (LMI) report, released this week.

The monthly LMI was 57.3 in December, down more than a percentage point from November’s reading of 58.4. Despite the slowdown, economic activity across the industry continued to expand, as an LMI reading above 50 indicates growth and a reading below 50 indicates contraction.

Keep ReadingShow less
pie chart of business challenges

DHL: small businesses wary of uncertain times in 2025

As U.S. small and medium-sized enterprises (SMEs) face an uncertain business landscape in 2025, a substantial majority (67%) expect positive growth in the new year compared to 2024, according to a survey from DHL.

However, the survey also showed that businesses could face a rocky road to reach that goal, as they navigate a complex environment of regulatory/policy shifts and global market volatility. Both those issues were cited as top challenges by 36% of respondents, followed by staffing/talent retention (11%) and digital threats and cyber attacks (2%).

Keep ReadingShow less