The Book Biz Tries to Avoid Supply Chain Disruptions (publishersweekly.com)

A BISG webinar held in early July sought to draw attention to the growing challenges in the book industry’s supply chain. Panelists pointed to shortages of truck drivers and trailers, congestion at the ports, and escalating transportation costs as factors that, in the words of David Hetherington, Book International’s v-p of global business development, were putting more pressure on the supply chain than at any time he could remember. In the ensuing two months, things have gotten worse, as printing capacity continues to shrink and labor shortages have made it difficult for printers, retailers, and wholesalers to fully staff their businesses.

Concerns have risen to such a level that the two biggest trade wholesalers, Ingram and Bookazine, have reached out to their accounts to urge them to take a range of actions to try to mitigate problems, informing them of steps they should take to be better positioned to meet the needs of the fall and holiday. Top of the recommendation list from both Ingram and Bookazine is for accounts to order as early as possible.
much more at source: https://www.publishersweekly.com/pw/by-topic/industry-news/publisher-news/article/87306-the-book-biz-tries-to-avoid-supply-chain-disruptions.html

Related Posts

HMH’s Math 180 Endorsed by Council of Administrators of Special Education

Learning technology company HMH today announced that Math 180, its intensive math intervention solution, has received an endorsement from the Council of Administrators of Special Education (CASE). CASE is an international professional organization that provides leadership to advance the field of special education through professional learning, policy and advocacy. Math 180, known for its proven, research-based intervention that works in core and dedicated intervention classrooms, received the official CASE endorsement after following an extensive review process by its Product Review Committee (PRC). The PRC uses an in-depth rubric to ensure that the solution meets or exceeds criteria that includes the fidelity of the product, professional development support, accessibility, organizational/technical requirements, evidence of the research base, product, and quality of the research along with satisfaction data advocated by CASE.

Macy’s, Inc. Reports Positive Comp Sales for November/December

"Macy's had a solid holiday shopping season, and we are pleased that our November/December performance resulted in positive comp sales for the period, setting us up for a positive fourth quarter. Consumers were ready to spend this season, and we delivered with solid execution, fresher inventory, a curated gift assortment and a focus on customer experience. We saw improved sales trends in our stores and continued to see double-digit growth on our digital platforms. Customers also responded well to our new loyalty program," said Jeff Gennette, Macy's, Inc. chief executive officer. "We intend to close the fourth quarter in a good position and head into 2018 with momentum." Macy's, Inc. saw improved holiday sales across Macy's, Macy's Backstage, Bloomingdale's, Bloomingdale's The Outlet and Bluemercury, with exclusive gifts showing strong performance. Active apparel, shoes, dresses, coats, fine jewelry, men's tailored clothing, children's and home were all top performers. Beauty was also a highlight and showed a marked improvement in trend, with particular strength in fragrance, prestige skincare and cosmetic gifting. Click Read More below for additional information.

Rite Aid Reports Fiscal 2019 First Quarter Results

For the first quarter, the company reported net loss from continuing operations of $41.7 million, or $0.04 per share, Adjusted net loss from continuing operations of $11.5 million, or $0.01 per share, and Adjusted EBITDA from continuing operations of $147.3 million, or 2.7 percent of revenues. For the first quarter of fiscal 2019, the company reported net income of $214.4 million, or $0.20 per share. Net income for the first quarter included an after-tax gain of approximately $268.6 million relating to the sale of 281 stores to Walgreens Boots Alliance, Inc. ("WBA"), which completed the sale of stores and related assets to WBA. The sale of the three distribution centers and related inventory is expected to occur after September 1, 2018. As a result of the proceeds received from the store sales, Rite Aid's debt, net of cash, was $3.0 billion as of June 2, 2018. Click Read More below for additional information.
Back To Top
×Close search
Search