In a notable deviation from the norm, Bassett Furniture Industries, a major U.S. furniture manufacturer, has publicly acknowledged that a recent ransomware attack will have a material impact on its business operations until recovery is complete. This announcement marks the first time a company has
The textile industry of Bangladesh, a vital cog in the global supply chain, is currently enduring severe disruptions due to widespread civil unrest. This turmoil has profound implications not only on the local economy but also on international markets heavily reliant on Bangladeshi garments. In
Lassonde Industries Inc., a leading figure in the beverage sector, has recently made notable strides with the expansion of its manufacturing facility in Hendersonville, North Carolina. This significant development is characterized by the introduction of a new aseptic juice production line and the
The recent acquisition of Turri’s Italian Foods by Benford Capital Partners (BCP) marks a significant event in the food manufacturing sector. This strategic move underscores BCP's commitment to expanding its footprint by investing in specialized, family-owned food businesses. Below, we delve into
Midway through 2024, the food manufacturing industry faces a multitude of evolving trends and ongoing challenges, necessitating increased collaboration between manufacturers and processing partners. This collaboration is increasingly vital as companies navigate the complexities of fluctuating raw
The quest for enhanced energy efficiency is driving a wave of technological advancements in the power electronics sector. These innovations are not only transforming the way energy is managed but also significantly contributing to the global push towards sustainability. From the latest in
