
Alibaba to Spin Off Cainiao Logistics Unit for Hong Kong IPO
September 27, 2023: Chinese e-commerce company Alibaba said Tuesday that it would spin off its logistics arm, Cainiao Smart Logistics…
August 28, 2023: Officials in Hawaii are urging tourists to come to Maui to help keep the economy as unemployment claims surge on the island because of the fatal wildfires in the western region.
According to Gov. Josh Green’s new emergency proclamation, West Maui is off limits to visitors through at least October 17 as search and recovery efforts continue in the devastated town of Lahaina.
However, the governor and the Hawaii Tourism Authority are encouraging tourists to visit all other areas of Maui to help support a local economy suffering from the blaze.
Sen. Brian Schatz said furloughs and layoffs are starting to pick up because people think the whole island is closed.
According to data from the Hawaii Department of Business, Economic Development, and Tourism, unemployment claims in Maui have skyrocketed from 130 shortly before the blaze to 4,449 as of last week.
Schatz encouraged tourists to visit South Maui: “If you are planning a trip to Wailea or Kihei, don’t cancel. If you want to come to Hawaii, consider South Maui,” the senator said on social media Thursday.
Green said on Monday that the areas on the island outside West Maui and the rest of the state are safe and open for business.
“When you come, you will support our local economy and help speed the recovery of the people that are suffering right now,” Green said on Monday during a press conference with President Joe Biden.
The wildfires have killed at least 115 people and caused billions of dollars in property damage in the deadliest U.S. blaze in more than a century and the worst disaster in Hawaii’s history.
Moody’s estimated that wildfires have caused between $4 billion and $6 billion in economic losses this week. The estimate is likely low because it focuses on damage to physical infrastructure.
The figure did not factor in the expected hit that Hawaii’s overall gross domestic product will take, the money government agencies have spent on the response, and the social costs of the wildfires.
Moody’s said the rebuilding process would add to the total economic losses due to the impact of inflation during a recovery expected to take years, the high cost of labor in the construction industry, and because goods on Maui are more expensive due to its remote island location.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
September 27, 2023: Chinese e-commerce company Alibaba said Tuesday that it would spin off its logistics arm, Cainiao Smart Logistics…
September 27, 2023: The United States has imposed fresh trade restrictions on Chinese and Russian firms, a move made on Monday, which has …
September 26, 2023: On Monday, Japanese automaker Nissan revealed its dedication to transitioning to completely electric …
In an industry as competitive and fast-paced as Consumer Packaged Goods (CPG), standing out from the crowd requires innovation and adaptability. The cracks in the CPG supply chain were exposed long before the global pandemic struck, but the events of the past year only exacerbated the weaknesses.
Supply chain leaders, including VPs, often find themselves making bets with unknown financial consequences. Having started with largely infeasible plans generated by deterministic “one-number” planning systems, compounded by unexpected supply or demand disruptions, they are forced into last-minute adjustments to meet operational and financial goals.
Unsurprisingly, today’s supply chain faces numerous issues, including sustainability, technology, global economic and political instability, talent management, and supply chain resilience. Advanced forecasting algorithms and predictive analytics are used in supply chain management to help organizations of all sizes make better decisions by providing insights into what’s going on in their business at any given moment and predicting future trends.