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Martinrea International enters into strategic relationship Yamada Manufacturing

Vedanta urged Japanese companies to partner in India’s electronics manufacturing revolution. In a strategic move aimed at fostering collaboration and investment prospects between Japan and India ...

Vedanta invites Japanese companies to partner in India’s electronics manufacturing revolution

17.10.2023, PORTO, Portugal – Critical Manufacturing is thrilled to announce its participation in productronica 2023, the premier event for electronics production. The event will take place from November 14 to 17, 2023, at the Trade Fair Centre ...

Critical Manufacturing and ASMPT SMT unveil what’s next for electronics manufacturing at productroni

Prime Minister Narendra Modi interacted virtually with Alphabet CEO Sundar Pichai to discuss Google’s plan on expanding its electronics manufacturing ... at the Gujarat International Finance ...

PM Modi discusses Google’s manufacturing expansion with CEO Sundar Pichai

“There is an $80-billion opportunity for companies willing to come and invest in this electronics manufacturing hub, and Vedanta will be the anchor for Japanese companies interested in investing ...

Anil Agarwal-led Vedanta invites Japanese cos to invest in electronics manufacturing in India

New Delhi: Vedanta Limited, the Ani Agarwal-led conglomerate, has invited Japanese firms to form collaborations and invest in India's “electronics manufacturing revolution". This is in alliance ...

Vedanta invites Japanese firms to invest in electronics manufacturing in India

"During the interaction, Prime Minister and Mr. Pichai discussed Google's plan to participate in expanding the electronics manufacturing ... at India's Gujarat International Finance Tec-City ...

Google CEO Meets Prime Minister Modi, Discusses Plans To Expand India's Electronics Manufacturing Ecosystem

Addressing the Japanese industry, he said, “There is an $80-billion opportunity for companies willing to come and invest in this electronics manufacturing hub, and Vedanta will be the anchor for ...

Vedanta invites Japanese companies to partner in India's electronics manufacturing revolution

Vedanta, a global natural resources and technology conglomerate, highlighted the tremendous investment opportunities in India, especially in Gujarat, and urged Japanese companies to partner in India’s electronics manufacturing revolution. Akarsh K.

Vedanta invites Japanese companies to partner in electronics manufacturing revolution

Vedanta, a global natural resources and technology conglomerate, highlighted the tremendous investment opportunities in India, especially in Gujarat, and urged Japanese companies to partner in India's electronics manufacturing revolution. Akarsh K.

Get the most recent info and news about WESCO International on HackerNoon, where 10k+ technologists publish stories for 4M+ monthly readers.

WESCO International, Inc. provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS). The EES segment supplies products and supply chain solutions, including electrical equipment and supplies, automation and connected devices, security, lighting, wire and cable, and safety, as well as maintenance, repair, and operating (MRO) products. This segment also offers contractor solutions, direct and indirect manufacturing supply chain optimization programs, lighting and renewables advisory services, and digital and automation solutions. The CSS segment operates in the network infrastructure and security markets. This segment sells products directly to end-users or through various channels, including data communications contractors, security, network, professional audio/visual, and systems integrators. It also provides safety and energy management solutions. The UBS segment offers products and services to investor-owned utilities; public power companies; and service and wireless providers, broadband operators, and contractors. This segment's products include wire and cable, transformers, transmission and distribution hardware, switches, protective devices, connectors, conduits, pole line hardware, racks, cabinets, safety and MRO products, and point-to-point wireless devices. This segment also offers various service solutions, including fiber project management, high and medium voltage project design and support, pre-wired meters and capacitor banks, meter testing and metering infrastructure installation, personal protective equipment dielectric testing, and tool repair, as well as emergency response, storage yard, materials, and logistics management. The company was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.

WESCO International

Astounding Stories of Super-Science June 1931: VOL. VI, NO. 3 - The Readers' Corner

Astounding Stories of Super-Science July 1931: VOL. VII, No. 1 - The Readers' Corner

The Open Metaverse: A Definitive Guide to Zero and Wilder World

El metaverso abierto: una guía definitiva de Zero and Wilder World

Have you wondered why despite huge investments most of the businesses tend to fail? Yes, I am sure you have. And yet there are some that are able to scale heights, without much investments… What is the link here… that ensures that businesses fail or succeed? What are we missing here…? Strategy is the missing link here or rather business strategy is the term we are seeking. But what is business strategy and why is it important for businesses to grow and develop? Business strategy may be defined as the course of action or set of decisions, which assist the entrepreneurs in achieving specific business objectives. In other words, … Business strategy is the crux of any business. Without it your business may rise up to certain level but then it will never be able to attain a perfect ‘hockey’ stick that shows overall growth. Reason… A right strategy helps you formulate your mission, strengthens your vision and helps you in achieve your organizational goals. But how do you ensure that you are formulating the right strategy? Well…  a good business strategy framework should align with your organization’s Mission – explains the purpose of an organization vision – focuses on future growth and development goals – are the objectives that an organization aims to achieve Why your business strategic framework should align with your organization’s mission, vision, and goal? Because… as stated earlier a helps in business performance and ensures there is a steady growth over the years. business strategy Before you formulate a business strategy framework remember that it will always have these four components. Business objective Approach towards goals, and objectives Measurement of achievements – the process Target audience While these components alone will not ensure organization’s success, they will form a strong base on which you will build your support system for an implementation of successful business strategy framework. So from where does the strategy framework evolves…? A evolves from the organization itself. It evolves from the need to adapt, adopt and evolve as a business in the competitive market.  With a business strategic framework in place, you can steer your organization in the right direction with right information at the right information. business strategy framework The importance of business strategy framework – Tesco’s case study Tesco, a PLC British-based international grocery and general merchandising retail group is one of the third-largest retailers globally as measured by profits. Tesco, with its more than 6,500 stores and 475,000 employees, developed a strategic performance management framework called the ‘Corporate Steering Wheel.’ This performance framework proved to be a powerful tool to align everyone with a single corporate vision. It also allows organizations to ensure the strategy delivery is monitored and managed. Though the important thing to consider here was that these frameworks should be live documents, which are revised on a regular basis and kept up-dated so as to reflect the business’ changing nature. In other words, … … when the strategic priorities change, the need to change as well... strategic performance framework When Tesco proposed its Steering Wheel – it had four perspectives: Finance Customer Operations People And each of these perspectives had specific number of goals that highlighted the priorities for the business at a particular point in time. If you see the figure, you will know that each of the perspectives has different number of goals. Keeping the Strategic Performance Framework dynamic and evolving Over the years, Tesco has been able to keep its Steering Wheel in line with a shift in its strategic objectives. The major changes to be added to the current Steering Wheel was to add a fifth perspective. Realizing the importance of issues like climate change and its impact on the local community are important challenges that required strong strategic focus. The Steering Wheel with the new Community perspective had two important goals: Be responsible, fair and honest Be a good neighbor These two new goals led to: Reduced use of carrier bags by 50% More locally-sourced products Reduction in carbon footprint Along with this the new Operations perspective contained had revised goals like: Get it right first time Consistent delivery every day Jobs made easy for employees Employees know the importance of their jobs Organization save time and money So what it means is that… If an organization wants to keep its performance framework fresh, then it needs to regularly update not just the individual goals but the entire perspectives. Usually the organizations develop strong performance framework, however, they fail to update it to reflect changes in their strategy and thus fall flat. Don’t do that mistake and keep your strategic performance framework updated to ensure a hockey stick growth in your organization.

What Is Strategic Performance And How Did It Evolve

Yuan Yi Zhu, an Assistant Professor of International Relations and International Law at Leiden University, recently criticized an article published in The Times of London. The article was written by Matthew Parris, a former Member of the British Parliament. In the article, Parris argues in favor of legalizing euthanasia on the grounds that society simply cannot afford “desperate infirmity for as many such individuals as our society is producing.” Parris argues that it would allow the UK economy to better compete with China and people being coerced to being euthanised due to social pressure is “not a bad thing”. Parris says he does not apologise for how his article "treats human beings as units - in deficit or surplus to the collective". In February 2024, an article was published in the prestigious Scientific Reports journal by Nature, arguing that “AI holds the potential to carry out several major activities at much lower emission levels than can humans.” The piece argues that humans produce far greater CO2 emissions when doing writing or illustration work than AI Large Language Models. The article also notes that: “The freed human time may also incur new, unexpected environmental costs.” Advances in AI haven’t just led to humans being compared to machines but also being compared to animals. Late last year, according to The Guardian, BT’s Chief Innovation Officer, Harmeen Mehta ‘suggested workers whose jobs are threatened by AI accept their fate as “evolution,” comparing them to horses replaced by the car.’ Against this backdrop, one does wonder when we will inevitably see the rise of those who will argue for eugenics such that humans replace machines. This is nevertheless a stark reminder of how humans ultimately are behind killer computers. In a new book I authored called ‘ ,’ I have explored many catastrophic computer disasters. These disasters have included an aircraft entering ‘death dives’, fatal car crashes and lethal radiation doses. How to Protect Yourself from Killer Computers Recently, software reliability has been pushed to the forefront of the public conscience. March 2024 saw system failures, causing McDonald’s outlets in the UK, Australia, and Japan to go offline. Panama Bread in the US saw IT outages, as did the UK high-street giants Tesco, Sainsbury's, and Greggs. As several Boeing executives stood down from their jobs following the death of a whistleblower, it’s worth remembering how the first Boeing 737 MAX groundings began with a computer software problem. Previously unreported, it was also the case that March 2024 saw London police officers report chaos in jails and being unable to begin search warrant applications, as there was also an outage with the Metropolitan Police’s IT systems. The public inquiry into the UK Post Office’s Horizon IT Scandal is underway, a scandal where faulty accounting software resulted in miscarriages of justice, claiming around 700 victims and has been linked to four suicides. This included a pregnant mother being sent to jail. Engineers are now facing the consequences for being complicit in disasters; with FTX’s former Director of Engineering facing up to 75 years in prison, a VW engineer who was complicit in the emissions scandal having been sentenced to 40 months imprisonment despite co-operating with investigators and the architect of the Post Office Horizon IT system currently under investigation by UK police for perjury. In common across all these disasters, whilst the technical factors varied, I found a common theme of wrongdoing, retaliation, and cover-up. Issues were brushed under the carpet instead of addressed directly. For example, one engineering manager at Fujitsu, who built the software behind the Post Office scandal, told the public inquiry how he “was threatened with violence by an individual with a reputation for violence” during one of his early attempts to remedy the issues. This is an industry-wide problem. In November 2023, I led research that found that 53% of software engineers suspected wrongdoing at work, with 75% of software engineers in the UK having experienced retaliation the last time they reported it to their employers. This is a concern as computers do inevitably make mistakes as no software is perfect. Small things like a binary number being flipped (e.g., a “1” becoming a “0”) due to cosmic rays are enough to cause havoc in computer systems, particularly those that haven’t been designed with this risk in mind. There is, however, hope here. The research conducted in the new book finds that resilient systems can be built when humans are part of the system. In these , humans play a role in preventing disaster by raising the alarm and mitigating the issues. socio-technical systems For this to happen, humans must be free to raise the alarm to issues when they come across them. If the on-call engineers who keep our online services and critical national infrastructure running are not able to speak up and act to prevent disaster, these problems emerge. However, this applies to all software engineers and, indeed, everyone who is part of the software development process, including the customers. Killer computers are born in toxic cultures where engineers aren’t able to raise the alarm, and issues are brushed under the carpet. By making sure humans play a key role in the reliability of computer systems, we can help ensure technology serves society.

The Killer Humans Behind Killer Computers

Top Software Development Companies 2022 That Are Growing Fast

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Blockchain’s disruptive sweep of almost every industry is now making its way into retail. Huge names like Walmart, Alibaba, and American Express are starting to experiment with how distributed ledger technologies can help them do business better and more efficiently to serve their customers. Blockchain technology turns out to be ideally suited to solving some age-old problems in the retail industry, from supply chain operations to international logistics and flexible loyalty programs. Here are the most ambitions blockchain experiments going on in retail right now, and some ideas of where they are leading the retail industry. Thanks to for support in creating this topic (First platform with proven ICO contractors) agency.howtotoken.com Walmart: Supply Chain Traceability One of the most practical applications of blockchain technology so far is in supply chains. Walmart is banking on blockchain technology to makeover its supply chains to win trust with its customers and give it an edge over competitors. The path from farm or factory to the customer can be long and complex. Supply chains often span many companies, countries and jurisdictions. Getting all these separate parties with independent interests to cooperate in a trusting way is no easy task. Many companies along this chain , making it difficult for anyone to have a clear picture of the whole product journey. hoard data to protect their own interests This lack of transparency has some obvious pitfalls. When things go wrong — — it can be difficult to trace where a product came from, where it’s been, and when. This is especially problematic with products like food, where . If there’s a contamination somewhere in the supply chain, retailers need to know what products it has affected immediately in order to quickly remove it from shelves. which they often do people’s health is on the line This is where a blockchain solution can make a huge contribution. Companies with different or even competing interests can use a blockchain system to collaborate in a trustless and tamperproof way. to start using this technology to shed light on some of the biggest supply chains in the world. “allow all participants to share information rapidly and with confidence across a strong trusted network.” Hopefully, added transparency will promote more responsible behavior from all participants. IBM is teaming up with Walmart, Kroger, and Nestlé The idea is to The system they are working on will allow data to be captured for every food item at every point in the supply chain. This information is stored securely on a blockchain where the relevant information can be accessed by anyone that needs it. as “FedEx tracking for food.” Frank Yiannas describes it If all goes to plan, the benefits will be increased safety, faster crisis management, and improved customer trust. Alibaba: Fighting Food Fraud Tracing back defective and contaminated products isn’t the only problem with opaque supply chains. , the substitution or misrepresentation of food for economic gain, is a . In complex supply chains, food products can be substituted for cheaper alternatives to save money. This is exactly what happened in the Tesco Horsemeat scandal, where some packaged beef meals were . Food fraud huge problem in the food industry found to contain up to 60% horsemeat Alibaba, one of the world’s largest retailers, has decided to use blockchain technology in the fight against food fraud. In a collaboration with four other companies from New Zealand and Australia, Alibaba is with QR coded product tags. combining a blockchain ledger The products movements will be recorded on an open ledger. As blockchain can be an open technology, consumers will actually be able to use their phones to track their food products all the way from the farm to their hands. Alibaba hopes this will be a huge boost to consumer confidence. Maersk: Streamlining International Shipping With all that extra transparency and cooperation across the supply chain, there’s also an opportunity to improve efficiency. Shipping products across the world requires effective communication between all the different land transport providers, ocean carriers, governments, ports and customs brokers. the point-to-point communications that are often still paper-based. Considering that the international shipping industry , it’s a major kink in the supply chain of almost every retail company in the world. This system is currently slowed down by carries 90% of the world’s trade , the largest shipping company in the world, has already started testing blockchain technology to make supply chains more efficient. In a , these two trade and tech giants are building a blockchain-based platform for more efficient global trade. Maersk joint venture with IBM The platform, , will be a neutral, open, blockchain-based version of the currency manual, error-prone processes. Its core function will be to deliver two key services: based on hyperledger fabric technology A transparent way for supply chain participants to securely exchange real-time shipping information. Digitizing and automating paperwork, speeding up processes and reducing errors. that paperwork in global trade can cost up to a fifth of the physical cost of transporting it. If the Maersk-IBM collaboration is successful, it will mean more efficient retail supply chains as well as cheap and available products for consumers. Maersk themselves estimate American Express: Flexible Loyalty Rewards American Express is reimagining what’s possible with retail loyalty programs by using blockchain technology. Loyalty programs are a big deal in retail. That’s because to keep an existing customer than find a new one. found that the average consumer is involved with 14 loyalty programs and has the cards for 7 of them in their wallet. That’s a lot of wallet space and things to remember. it’s much cheaper The Loyalty Report 2017 American Express is capitalizing on the openness of blockchain platforms to create a new type of loyalty program. a distributed ledger that allows merchants to tie American Express reward points to their own products. Blockchain technology makes it possible for merchants to offer these rewards from their own websites or apps. This means that a brand can tap into the American Express rewards program to help sell their own products or promote their services, without setting up their own loyalty program from scratch. American Express has built AmEx’s blockchain also uses hyperledger fabric. It allows merchants to send offers to customers via smart contracts. These smart contracts are fulfilled on the blockchain, and it’s possible to keep customer data private. is the first major retailer to . Boxed is promoting certain products with 5 times the regular American Express rewards to nudge customers to buy. Boxed test the new loyalty system Getting the Rest of the Retailers On Board These companies are the pioneers testing out how blockchain technology can be used effectively all across the retail sector, and they are already reaping the rewards for that. But, most retailers don’t have the deep pockets of Walmart or Alibaba to build their own platforms from scratch. There’s a gap in the market here waiting to be filled. That gap can be filled by projects like . What they are building is a blockchain platform that retailers, producers, and consumers can start using easily without the major costs and risks involved with building and testing the technology from scratch or the technical knowledge to maintain a blockchain. One that quickly delivers the benefits of blockchain we’ve seen, plus more. Osa DC The Osa DC platform offers three main services to businesses and consumers: — The Osa DC system tracks products all the way from producers to shops. Data on how products are transported, handled, and stored is collected and made available on the blockchain. Supply chain tracking — This collected data, along with open data sources, is cleaned and analyzed by machine learning algorithms. If something goes wrong, the artificial intelligence engine can notify whoever needs to know. This helps retailers solve supply chain problems and optimize their inventory. Data analytics — A smartphone application to help customers choose the right products. The data collected from this tool can be fed back into the analytics engine. Consumer digital assistant The digital assistant is one of the outstanding innovations of Osa DC. With a snap of your smartphone camera, the app can recognize images of products on store shelves as you shop. For example, if you want to find products without sugar, just take a photo in-store, and the app will highlight on your screen which products meet your requirements. The really powerful thing is that as consumers use the shopping assistant app, the data generated can be shared securely and privately on the blockchain with the rest of the supply chain data. If the data you provide is particularly valuable, you’ll even earn money for it in the form of . Osa DC tokens This is Just the Beginning The internet has already changed the retail industry beyond recognition with e-commerce. Now these changes are going even further with one of history’s most disruptive economic technologies — Blockchain. Just a decade after the technology’s inception, Walmart, Alibaba, Maersk, and American Express are already testing how blockchain can improve transparency, integrity, collaboration, and customer rewards. With specialty blockchain projects like Osa DC on the way too, retail is likely change even more in the near future. About the author: — Founder of Geekforge.io and Howtotoken.com. Interviewing the top 10,000 worldwide experts who reveal the biggest issues on the way to technological singularity. Join my . Kirill Shilov #10kqachallenge: GeekForge Formula

WESCO INTERNATIONAL

wesco.com

10K+ employees

Since 1924

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WESCO INTERNATIONAL

EVERGREEN INDEX #11781

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WESCO INTERNATIONAL

wesco.com

10K+ employees

Since 1924

COMPANY RANKING

WESCO INTERNATIONAL

EVERGREEN INDEX #11781

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