How shale drillers can maximize economic value | GE freezes pension plans for US workers | Dow used its reorganization to make customer satisfaction a priority
October 8, 2019
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Trends & Technology
How shale drillers can maximize economic value
Shale gas producers should shift their focus from volume to value if they want to satisfy investors seeking free cash flow, write Jeremy Brown, Florian Christ and Tom Grace of McKinsey. Well designs and initial flow rates need to be reconsidered, and forecasts need to be more accurate, they write.
McKinsey (10/2019) 
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GE freezes pension plans for US workers
General Electric will freeze a US pension plan that covers about 20,000 salaried workers and a supplementary pension plan with about 700 participants. The freeze is part of GE's efforts to cut its pension deficit by as much as $8 billion and its industrial net debt by as much as $6 billion.
Pensions & Investments (free access for SmartBrief readers) (10/7) 
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Dow used its reorganization to make customer satisfaction a priority
Dow used the breakup for DowDuPont into three businesses as an opportunity to place a renewed emphasis on customer service, says executive Jennifer Zamora. It made customer-centricity the fourth pillar of its operations, outlined three principles for gathering feedback and making improvements, added an in-house tool to help employees comply, and analyzed its customers and their needs according to region.
B2B E-Commerce World (free registration) (10/3) 
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Video: Build it in Buffalo Niagara
66,000 existing skilled employees + 3,800 annual engineering graduates + the NEW Northlands Workforce Training Center now graduating technically skilled labor = a region ideal for manufacturing. Watch video to learn more.
What IoT security risks await manufacturers with 5G?
Manufacturers stand to benefit from adopting 5G mobile technology, but they will also have to address increased internet of things security concerns, writes Maria Korolov. She lists seven things manufacturers will need to prepare for, including higher volumes of network traffic and larger DDoS attacks.
CSO (free registration) (10/7) 
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What is the key to customer experience?
It is more important than ever for today's manufacturers and distributors to be able to deliver the seamless experience customers want — and ERP can get you there. Download this new report to learn how digitized processes and unified data improve overall business performance and boost customer satisfaction.
Supply Chain
Campbell's benefits from a vertically integrated tomato supply chain
Campbell's benefits from a vertically integrated tomato supply chain
(Justin Sullivan/Getty Images)
Campbell's has continued to buy tomatoes directly from growers and process them even as competitors have adopted more complex supply chains. Executives say the vertical integration gives Campbell's flexibility and more control over its products.
Supply Chain Dive (10/3) 
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Supply chains become regional
Developing populations and supply chains, technology advances and changes in manufacturing costs are among the factors influencing a shift to regional manufacturing and distribution, write David Wijeratne and Jeremy Grant. "Rather than shipping goods around the world from cheap-labor hubs, companies manufacture goods for Asian customers in Asia, for European customers in Central Europe, and for North American customers in Latin America," they argue.
Strategy+Business online (free registration) (10/7) 
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Industrial IoT
Manufacturers want to monetize IIoT but face hurdles
Making money from products-as-a-service and optimizing production operations are priorities for using the industrial internet of things, according to a Software AG survey. However, manufacturers reported having problems with predictive analytics, condition-based rules and the integration of IT and operational technology.
TechTarget (free registration) (10/4) 
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Workforce of Tomorrow
Students tour manufacturers, learn about careers
About 75 high-school students in Missouri recently toured manufacturers to learn about potential careers. Students visited Danuser Machine Co., Henderson Truck Equipment, Mid-America Precast and PFSbrands as part of a Manufacturing Day event, now in its fourth year.
The Fulton Sun (Mo.) (10/5) 
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My motto was always to keep swinging. Whether I was in a slump or feeling badly or having trouble off the field, the only thing to do was keep swinging.
Hank Aaron,
professional baseball player, right fielder
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