Our guest on this week's episode is Tom Behnke, vice president of sales and marketing at distribution 3PL Boxzooka. With the turning of the calendar pages to August, it's back-to-school season for most American families. While stores have been stocked for some time with the latest in shoes, clothing, and school supplies, parents are now shopping in earnest to prepare their young learners for a good school year. What does it take for distributors and retailers to succeed in this second-biggest peak shopping season of the year, and will they experience any hiccups?
Lineage Logistics, a cold storage warehouse and transportation company, has now gone public on the NASDAQ stock exchange. They raised $4.4 billion in shares sold in their initial public offer, which translates to an overall valuation of the company at $18 billion. So, what do you do with $4.4 billion? When the IPO happened last week, they shared some pretty typical plans: mostly paying down debt from all the borrowing they had done to grow so large. But this week, we learned about some new plans, which involve sharing some of that windfall profit with employees.
The global outlook for investments in warehouse automation was revised down this week, mainly due to challenging economic conditions in some other parts of the world. That’s according to research from British consulting firm Interact Analysis, which released a mid-year report Tuesday updating its global warehouse automation forecast from last fall. Conditions look better in the Americas. Warehouse-automation revenue forecast projections for the United States have increased compared the fall forecast, mainly as a result of higher consumer spending, improved sentiment toward the economy, and Amazon starting to invest again, according to the report.
Supply Chain Xchange also offers a podcast series called Supply Chain in the Fast Lane. It is co-produced with the Council of Supply Chain Management Professionals. Go to your favorite podcast platform to subscribe and to listen to past and future episodes.
Articles and resources mentioned in this episode:
- Boxzooka
- Lineage shares IPO windfall with its workers
- Report calls for slower growth in warehouse automation
- Get episode transcripts
- Visit Supply Chain Xchange
- Listen to CSCMP and Supply Chain Xchange's Supply Chain in the Fast Lane podcast
- Send feedback about this podcast to podcast@agilebme.com
Podcast is sponsored by: Storage Solutions
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