Management

Tropical cyclone Vardah struck the city of Chennai, India, on Monday, leaving more than 10 people dead and causing destruction in the major manufacturing city in Eastern India. The storm uprooted more than 10,000 trees, according to The Hindu, damaging roads, railway networks, and electricity and telecommunication infrastructure. https://twitter.com/anilkumble1074/status/808722172059549696 "It appears that the power system…

Global shipping companies will have credit trouble if new bank capital rules go into place. The Basel Committee of banking supervisors from all over the world met last month to draft new rules for lenders…

After declaring Chapter 11 bankruptcy, Los Angeles-based American Apparel secured a $30 million financing loan from Encina Business Credit. Basically, according to Retail Dive, this move solidifies that the company's creditors are satisfied and that its assets are distributed appropriately. While its wholesale and many of its manufacturing assets are spoken for following the company's…

I have written about changing business landscapes in this publication for more than a decade now. During this time, we have experienced a shift in technology that created an “adapt or perish” atmosphere. We also experienced a recession so deep, many didn’t expect our industry could bounce back. But, we did. Today, we face uncertainties…

InnerWorkings Inc., Chicago, and GateHouse Media, Fairport, N.Y., announced that they have entered into a comprehensive, long-term commercial agreement whereby InnerWorkings Inc. will become the exclusive provider for most marketing materials across GateHouse Media's North American locations. Under the terms of the agreement, InnerWorkings Inc. will assume responsibility for the production of multiple GateHouse Media…

Cimpress, Venlo, Netherlands, announced that it has entered into a definitive agreement to acquire National Pen Co., Shelbyville, Tenn. National Pen Co. will complement the investment Cimpress already has made in its technology and supply chain capabilities for promotional products, apparel and gifts offerings. "Just like business cards, custom pens are a simple yet highly…

Yesterday, Hit Promotional Products, Largo, Fla., announced that it opened a new apparel facility in Bellmawr, N.J., just outside of Philaldelphia. We spoke with Marc Held, vice president of Hit Promotional Products, about the new facility and how he expects it to impact the business. Promo Marketing: Could you tell me a little bit about…

Pro Towels, Pittsburgh, announced an expansion of its plant in Abbeville County, S.C., creating numerous job opportunities, thanks to the U.S. Department of Agriculture in concert with West Carolina Rural Telephone Cooperative Inc. The 300,000 square foot facility currently employs 150 people. “We are excited by the opportunities made possible by this," said Kevin Nord,…

In just more than three short weeks, we’ll be saying “so long” to 2016 and welcoming in a brand new start. As the craziness of December slows down from a boil to a simmer, and when you finally get to catch your breath, you realize the reset button gets hit, and soon you’ll be starting…

Republicans announced that the party has appointed U.S. Rep. Virginia Foxx of North Carolina to lead the House education and workforce committee under President-elect Donald Trump. Foxx, who has a history of opposing proposals from the Obama administration, could be the final nail in coffin for the Department of Labor's new overtime pay regulations in…