Oil Industry

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Is It Time to Rethink Your Manufacturing Strategy?

Since the mid-1990s, many companies have outsourced or offshored their manufacturing operations. For most, one crucial enabling factor was cheap oil: Long supply lines were economically feasible because transportation costs were relatively low. Hence, companies emphasized reducing manufacturing costs through (1) offshoring or outsourcing; (2) plant rationalization; and (3) consolidating distribution centers and warehouses to reduce inventory levels and minimize fixed facility costs.

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Empowering Employees to Prevent Disaster

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Could BP's Deepwater Horizon oil spill been prevented if workers on the oil rig had felt more empowered to report problems? That's a question raised by Rick Wartzman, executive director of the Drucker Institute at Claremont Graduate University, in an interesting column recently published by Bloomberg Businessweek.

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