New Year Already Tough for EU

The new year hasn't given Europe much to celebrate yet. Recently released industrial and employment data shows the ongoing drag that austerity and recession prevention measures are having on the economy here. Industrial production across the euro zone fell for the third straight month in November, according to Eurostat. Output slipped 0.3 percent from October…

Supply Chain Segmentation in Practice

In a previous Velocity post, I talked about the theory of segmentation and how tailoring supply chain solutions for each customer or product in a company's portfolio could boost overall supply chain effectiveness and balance sheet performance. It's more than a good idea, and various companies across many industries, including high-tech, retail, and apparel, have…

STMicro Shifts Strategy, Dumps ST-Ericsson

{complink 5218|STMicroelectronics NV} announced today that it was taking a new strategic direction, which will include exiting its chipmaking joint venture with {complink 1879|Ericsson AB}. Long a drag on the European bellwether's balance sheet, Geneva-based semiconductor maker STMicro will pull out of the joint venture it formed in 2009 with telecommunications OEM Ericsson to produce…