Millennials are quickly taking over the workforce. The Governance Studies at Brookings predicts that by 2025, 75 percent of the workforce will be millennials. So, what will become of the supply chain in the millennial workforce? A study done at the close of 2017 by the Council of Supply Chain Management Professional found striking results in regards to the future. CSCMP interviewed 300 young professionals. Of those 300, 70 percent are working towards a bachelor's degree and 54 percent are majoring in supply chain management or a related field. The reason? When choosing a career choice, millennials gravitate to jobs that give endless opportunities and different types of jobs. They're also looking for an abundance of room for growth. Millennials appreciate the surplus of opportunities for internships and first hand learning, saying it gives them perspective into the job before graduation. Job satisfaction is another reason young professionals are looking to supply
Consumerism – Then and Now
You’re a consumer, I’m a consumer – we’re all consumers, and in today’s modern world, appearance goes a long way and captured the attention of millions. The evolution of consumerism has rocketed forward in the last 10 years bringing the supply chain world with it. Picture this: 10 years ago you walked into a brick and mortar store, found those amazing jeans the model had on in the catalog only to discover they don’t have the right size. Back then you more than likely would have accepted the item was unavailable and perhaps you waited for it to be restocked. The key word here being “waited”. A store associate even told you when to check back into the store for those jeans. Or maybe you chose to order them from the catalog and called to place the order. Those jeans would arrive
DEA and States Share Prescription Drug Information to Combat Opioid Abuse
The Drug Enforcement Administration and attorneys general from 46 states, the District of Columbia and Puerto Rico will now share prescription drug information with one another to help with criminal investigations tied to opioids. The DEA will provide data from its Automation of Reports and Consolidated Order Systems, which collects 80 million transaction reports annually, and the attorneys general will provide the DEA information from their state-run prescription drug monitoring programs. Better information means better decisions . That means the 48 attorneys general and DEA can prosecute the criminals who are contributing to our national drug emergency... Keep Reading.
Bon-Ton Announces the Closing of all Department Stores
The Bon-Ton Stores, a chain of department stores that trace its origins to 1854, applied for Chapter 11 bankruptcy protection in February, but failed to find a buyer. With a significant geographic operating footprint and operating presence, the store is dependent on traffic. "Foot traffic" for stores has decreased as customers shift increasingly toward online retailers," said the company. The company says big retailers like JCPenny, Kohl's and Macy's are squeezing them out. Bon-Ton is the parent company of Younkers, Carson's and more. The stores will hold liquidation sales until late July. Keep Reading...