Starting in July, brick-and-mortar retailer Kohl’s will begin accepting Amazon returns, unpackaged and free of charge, at all 1,150 locations in 48 states. This is an expansion of a pilot program that the chain introduced in three markets in 2017. Amazon and Kohl’s have a shared passion in providing outstanding customer service, and this unique partnership combines Kohl’s strong nationwide store footprint and omnichannel capabilities with Amazon’s reach and customer loyalty,” Kohl’s CEO Michelle Gass said in a press release. “This new service is another example of how Kohl’s is delivering innovation to drive traffic to our stores and bring more relevance to our customers.” While many traditional retailers struggle to “Amazon-proof” their stores, Kohl’s willingness to join forces with the enemy may prove to be a wise move. Here are three ways that collaborating with competitors can be beneficial. Click "read more" below for additional information.
Interfor Corporation announced plans to temporarily reduce production across its operating platform in the BC Interior during the month of June 2019 due to a combination of weak lumber prices and continuing high log costs. The curtailment is expected to reduce production in the region by approximately 20 million board feet for the month of June and will be taken by way of reduced operating days at each of the three BC Interior mills. Interfor has three sawmills in the BC Interior, with total annual capacity of approximately 750 million board feet.
International Paper has entered into an agreement with West Coast Paper Mills Limited to sell its controlling interest in International Paper APPM Limited, an India-based paper business. International Paper currently owns approximately 30 million shares, or 75% of the outstanding shares, of International Paper APPM Limited (APPM). The transaction is expected to be completed by the end of the year subject to satisfaction of customary closing conditions, including obtaining required governmental approvals and West Coast Paper Mills Limited's (WCPM) launch of a tender offer. Pursuant to Indian securities law requirements, WCPM will launch a tender offer to acquire up to all of the APPM shares owned by public shareholders, which represents 25% of APPM's outstanding shares. The closing of IP's transaction with WCPM will occur following the completion of the tender offer and receipt of antitrust clearance. Depending on the results of that tender offer, WCPM will acquire from IP between 51% and 60% of the outstanding APPM shares at a price per share of 275 Indian Rupees. Once this transaction closes, WCPM will be responsible for the operations of APPM, and International Paper will be a passive investor until such time that IP has sold its remaining shares in APPM. Click "read more" below for additional information.
Pregis, a leader in protective packaging solutions, was honored with a Process Innovator award in the 6th annual 2019 SAP Innovation Awards competition. The award is given to companies that best demonstrate the use of technology to redefine business processes and drive significant improvements to current operations. “An ongoing goal is to transform packaging operations with smarter connected devices. We want to maximize the value harvested from protective packaging systems to help companies run their operations more efficiently,” explained Jeffrey Mueller, vice president and chief information officer, Pregis. Pregis is deploying SAP Connected Goods with Edge Services and SAP Analytics Cloud to help manage Internet of Things enabled devices it maintains at customer distribution centers. Click "read more" below for additional information.
UPM launches a new advanced wound care product for the European market. FibDex® is the first wound dressing created from wood-based nanofibrillar cellulose to receive regulatory approval and be awarded a CE mark. Nanofibrillar cellulose, which has been shown to be biocompatible with human cells and tissue, forms the core of the dressing. UPM's proprietary nanotechnology, combined with over a decade of research into nanofibrillar cellulose and a highly professional R&D, has resulted in the development of this unique product. In clinical trials FibDex was shown to provide a favourable environment for healing to occur. Moreover, FibDex is a one-time only application dressing that peels away from the treatment site once healing has occurred. This makes the process less painfull for patients and more efficient from the perspective of the hospital. In patient review scores FibDex was reported to be both comfortable throughout treatment and provide improved scar quality. Click "read more" below for additional information.
Pearson, the world’s learning company, today publishes its 2018 Sustainability Report, demonstrating ongoing progress in integrating social and environmental issues across the business and advancing equity in education. A key element of Pearson’s business strategy is to help improve employability prospects through providing products and services that drive better learning outcomes. As sustainability is increasingly integrated into Pearson’s core business, employability for underserved groups and supporting sustainability skills are becoming areas of focus. An example of this in practice in 2018 is our work with 225 US institutions, including community colleges, who used Pearson’s GED College Ready score level to help their students progress to the next level of their education, sometimes without placement tests or developmental courses. This is significant because it reduces barriers for students without a high school diploma to gain access to the next level of education, saves time by demonstrating mastery of certain topics, and improves their future employability prospects. To read Pearson’s full 2018 Sustainability Report and learn about its 2020 Sustainability Plan, visit http://www.pearson.com/sustainability.
Speciality papers manufacturer Sappi has introduced two new sustainable packaging papers, Guard M and Guard MS, with improved properties to offer better solutions to its customers. Featuring mineral oil barrier (MOB) and grease barrier properties, the two new solutions expand Sappi Guard family, which offers high product safety and can be entirely recycled. Sappi business development packaging and speciality papers head René Köhler said: “The integrated mineral oil barrier prevents MOSH and MOAH compounds from penetrating into the packaged goods. “On the one hand, this makes additional special coatings or laminations superfluous. On the other, brand owners can use recycled paper or cardboard for the outer packaging and dispense with fossil-based materials.” Click "read more" below for additional information.
Stora Enso has decided to invest approximately EUR 350 million to convert the Oulu paper mill in Finland into packaging production. The investment includes converting paper machine 7 into high-quality virgin-fibre-based kraftliner production, and the closure of paper machine 6 and sheeting plant. Production on the converted machine is estimated to start by the end of 2020. “The conversion of Oulu Mill will enable Stora Enso to further improve its position in the growing packaging business and take a major step forward in its transformation. We have proven competence in running large conversion projects successfully, as we have already converted one paper machine at Varkaus Mill to produce kraftliner,” says Stora Enso’s CEO Karl-Henrik Sundström. The typical end uses for kraftliner are in packaging segments that require high strength, quality and purity, such as food, fruit and vegetables as well as heavy duty packaging. Production will target global export markets. Click "read more" below for additional information.
Authentic Brands Group, a global brand development, marketing and entertainment company, announced that it has finalized the purchase of the intellectual property of Sports Illustrated from Meredith Corporation. This transformative acquisition adds a new vertical to ABG's growing platform and portfolio, which currently generates over $9.3 billion in global retail sales annually. "We are honored to welcome Sports Illustrated to the ABG family," said Jamie Salter, Founder, Chairman and CEO of ABG. "As one of the most iconic brands in sports media, SI is a cultural centerpiece with massive opportunities for growth across its burgeoning digital, TV and social platforms and industry-leading print magazine. SI's trusted name and fiercely devoted following set the stage for the brand to become a leader in lifestyle and entertainment." Click "read more" below for additional information.
FPInnovations and Resolute Forest Products Inc. announced the commissioning of a new TMP-Bio plant in Thunder Bay (Ontario). With the capacity to treat 100 metric tons of biomass annually, the bio-refinery pilot plant produces lignin and sugars for use in the development of innovative bio-products, such as wood adhesives, animal feed and composites. The organizations joined forces in early 2018 to build the plant at Resolute's Thunder Bay pulp and paper mill, focusing on developing new ways to efficiently manufacture and market innovative wood-based biochemical products. The C$23 million project is part of an initiative to renew and transform the forest products industry, building on investments by Resolute, the Ontario Centre for Research and Innovation in the Bio-Economy (CRIBE), and Natural Resources Canada. The project also has the support of the Northern Ontario Heritage Fund Corporation, FedNor, the Thunder Bay Community Economic Development Commission and the Ontario Ministry of Natural Resources and Forestry, in addition to contributions in research and applications from the Québec Ministry of Forests, Wildlife and Parks and the Nova Scotia Innovation Hub. Click "read more" below for additional information.