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Tag: costs

Transport tariff hike to send logistics, products costs up

Struggling with shortage of manpower and a massive supply slump coupled with regulatory challenges in a world grappling with the health crisis that is Covid-19, freighters are all set to increase tariff by almost 80 percent. According to a report in the Economic Times, Truckers have increased tariffs by up to 80 percent, while Blue Dart …

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High food costs push January retail inflation to 7.59 pc

Higher prices of food items such as vegetables, eggs, meat and fish, along with fuel costs, pushed India’s retail inflation during January to 7.59 percent from December’s 7.35 percent. The consumer price index (CPI), or retail inflation, was at 1.97 percent in the corresponding month of last year. According to the National Statistical Office, the …

High food costs push January retail inflation to 7.59 pcRead More

Walgreens launches new IT model to save costs

Walgreens Boots Alliance is turning to managed services to transform its global IT function. The drugstore giant is expanding a strategic partnership with IT services/solutions provider Tata Consultancy Services (TCS) to launch a new managed services-based operating model for IT run and operational services. Following a transitional period, TCS will provide managed services including application …

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Six ways to reduce your workforce management costs

Labor costs are increasing. Of course, the wage-price spiral is considered to be the “official” economic driving factor. But what other factors could be at work here? Could poor or suboptimal people management processes be one of the largest, yet most overlooked, facilitators of spiraling labor costs? The truth is that people management issues are …

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Kroger and Walgreens want to buy products together to cut supply costs

Kroger and Walgreens have been working together since 2018 on various pilot tests. Source: Kroger Kroger and Walgreens Boots Alliance are teaming up to cut costs by sourcing more merchandise together. With what they call the Retail Procurement Alliance, the chain retailers will look for overlaps in the products they are receiving so that they can …

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HS2 costs head north just as its value falls south | Business

Once upon a time, the HS2 high-speed railway was meant to cost £34bn in its entirety. In 2012, that became £42bn. Then £56bn was the magic number in 2015. Now we’re up to £88bn and a review panel says further increases are likely. So what does the same panel recommend? Astonishingly, it says HS2 should …

HS2 costs head north just as its value falls south | BusinessRead More

Juul to cut 650 jobs, slash $1 billion in costs

Juul will cut 650 jobs, up from the previously planned 500 jobs, as it slashes nearly $1 billion in costs next year, a company official said Tuesday. The job cuts represent 16% of Juul’s 4,051 employees. The fast-growing start-up had been hiring about 300 employees a month. Juul will cut marketing spending as the company …

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Walgreens cuts jobs at its US headquarters as drugstore cuts costs

Pedestrians walk past a Walgreens store in New York. Michael Nagle | Bloomberg | Getty Images Walgreens Boots Alliance has laid off an undisclosed number of employees at its corporate headquarters as the drugstore chain cuts costs, the company said Monday. The company notified employees late last week, Walgreens spokesman Jim Cohn said in an …

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Hasbro shares drop 15% as tariffs boost costs, earnings fall short

Shares of Hasbro dropped more than 15% on Tuesday after the toymaker fell short of Wall Street estimates for quarterly profit, as the threat of tariffs on toys imported from China increased shipping and warehousing costs and caused cancellations of direct import orders. The threat and implementation of tariffs in the third quarter impacted Hasbro’s …

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Sam’s Club launches pilot to help members defray healthcare costs

Get great content like this right in your inbox. Subscribe Walmart continues to dive deeper into healthcare and wellness, this time via its Sam’s Club.  The warehouse club operator will offer its members four different bundled healthcare options that will help cover the costs of routine primary care, dental, optical and alternative medicine and also …

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