Check out some interesting global headlines around the industry this week.
Chinese firm in £2.5bn bid for heavy equipment giant Terex (Belfast Telegraph)
"The Chinese construction company Zoomlion has confirmed its offer for Terex Corporation, which employs 1,000 people in Co Tyrone, saying the combination of the two would create a firm with a "global footprint". Read more
U.S. and Cuba Approve 1st New Heavy Equipment Factory in Six Decades (Construction Equipment Guide)
"Two-man Alabama company seeks to repair Cuba's crumbling infrastructure." Read more
Oilfield Services Market Rising due to Increasing Unconventional Oil and Gas Exploration (Industry Today)
"Transparency Market Research has announced a new market study, titled ‘Oilfield Services Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 – 2020.’ The report examines historical data about the global oilfield services market gathered through primary and secondary research and hence presents a granular overview of the market’s current condition. Further, it presents detailed forecasts regarding the global oilfield services market, including the key segments that will come to dominate the market, the drivers and restraints that will emerge as the most influential, and the major players that will leave a mark on the market in the coming years." Read more
Today's Top Supply Chain and Logistics News from WSJ (Wall Street Journal)
"Wal-Mart Stores Inc. is making progress on inventory management, even as the retail giant’s sales outlook dims. The company reported unexpectedly weak U.S. sales growth in the fourth quarter and cut its 2016 outlook, reports the WSJ’s Chelsea Dulaney and Sarah Nassauer. But inventories were a bright spot, rising just 0.9%, or a quarter the rate of sales growth, writes the WSJ Logistics Report’s Paul Page. Wal-Mart has been trying to gain better control of its sprawling supply chain, in an effort to ensure more goods are put before consumers on store shelves, rather than gathering dust and racking up costs in warehouses. The latest numbers indicate the retailer is succeeding, though that may be small consolation if sales don’t pick up." Read more
