The coronavirus pandemic made very clear to manufacturers something of which they were probably already aware: it is time to go digital. In a recent article from Industry Today, authors Steve Pillsbury and David Petrucci explain why manufacturers need to embrace new technology in order to meet demand and maximize their profitability. The authors delve …..
As internet-connected technology continues to cement its foothold in the manufacturing sphere, learning how to develop a thorough cybersecurity strategy is more important than ever. In a recent article from Forbes, Chuck Brook proposes three key cybersecurity trends that businesses should focus on in 2021. Click here to learn about how the rapid expansion of …..
For many years, automation has been one of the biggest topics of conversation in the manufacturing sector. However, perhaps it is time to look beyond automation and consider autonomy instead, writes Philip Stoten in a recent article for Entrepreneur. The author recently sat down with two industry experts to discuss how autonomous solutions can be …..
The sale of a manufacturing business is a complex transaction, to say the least. In a recent article for Industry Today, authors Alan Scharfstein and Ari Fuchs detail some helpful advice for business owners looking to tackle the sale of their company. Click here to read about four items to keep in mind as you …..
A recent study has given a dire warning about the current skills gap in the US manufacturing sector and what impact it might have on the future of the industry. For a new article from Industry Week, author Adrienne Selko sat down with Paul Wellener, U.S. Industrial Products and Construction Leader at Deloitte, to discuss …..
The coronavirus pandemic forced construction businesses to streamline their processes and operations. As vaccinations increase and the economy reopens, construction firms should be diligent about maintaining the business practices that helped them survive the crisis, writes Cybele Tamulonis in a new article from Construction Executive. The author offers thorough advice that spans from incorporating automation …..
Technology is Driving Change in the Construction Sector
Digital transformation is happening across all industries, and the construction field is no exception. In a recent article from Construction Executive, author Mike Merrill offers a look at how digital transformation is having a positive impact on the construction sector. He describes how new technologies are optimizing in the areas of employee productivity, long-term costs, …..
Why You Should Consider Adding a Financial Manager to Your Team
Incorporating a strategic financial manager onto your construction business team can have a big positive impact on your operations, writes Steve Coughran in a recent article for Construction Business Owner. He offers six key steps that will free this team member up to transform your organization’s financial functions. To learn more about why you should …..
Developing a bonus compensation system for your construction business is no easy task. In a recent article for Construction Business Owner, author Gregg Schoppman examines two popular methods in detail, describing both their benefits and their drawbacks. He then suggests a third method that seeks to make up for the shortfalls displayed by the first …..
It’s your time to shine Who is your favorite author? What is the best book you’ve read? My favorite books are usually about historical events and one of my favorite authors is Bill O’Reilly who writes the Killing series. What is your favorite movie and/or TV show? My favorite TV show is The Office. I …..
Advance Child Tax Credit Payments May Cause Trouble for Divorced Parents
The American Rescue Plan Act—a large piece of legislation aimed at continuing the battle against the impact of the coronavirus pandemic—included major changes to the child tax credit. One of the changes—a restructuring to include advance payouts of a portion of the credit—may cause major headaches for divorced parents, explains a recent article from CNBC. …..
The Hits Keep on Coming for the Restaurant Industry
After suffering through a year of difficult obstacles brought on by the coronavirus pandemic, the restaurant industry cannot seem to get a break. A recent article from CNBC details the latest burden facing restaurants: severe labor shortages. The staffing difficulties are compounded by the fact that restaurants are headed into a summer busy season that …..
Tax Bureau’s Staffing Struggles Impact Return Processing Times
The 2021 tax filing season has taxpayers experiencing significant processing and refund delays. The culprit, according to a recent article from The Washington Post, is an amalgamation of issues faced by the Internal Revenue Service (IRS). From a backlog of millions of unprocessed individual returns to severe staffing shortages to technology issues—all compounded by the …..
Investment Strategies in Light of Rising Inflation
Market indicators reveal that investors’ fears are currently focused on inflation, explains Paul La Monica in a recent article published by CNN Money. What recourse is there, given the current set of circumstances? La Monica’s research suggests that investors might consider turning to gold, bank stocks, real estate investment trusts (REITs), and international stocks while …..
It is nothing new to hear that manufacturers are facing a lot of challenges. However, companies in the manufacturing sector are increasingly up against new pressures, in addition to the age-old ones, writes John Clemons in a new article from Forbes. In the face of extreme stress, manufacturers must either figure out new strategies or …..
Nobody likes a pointless, meandering meeting—especially when that meeting could have simply been an email. Author Barry Rosen recently penned a piece for Industry Today offering advice to manufacturers seeking to improve how their teams connect in 2021. He believes that optimizing meetings can both improve employee engagement and drive better operational outcomes. Click here …..
These days, suppliers face intense pressure to operate their supply chains with incredible speed and precision. However, they face many challenges—the pandemic being no exception. In a recent article for Industry Today, author Michael Rabinowitz explores how suppliers are turning to new technologies and analytics in order to differentiate themselves and achieve success. Click here …..
Manufacturers were already facing a number of big challenges heading into 2020. The coronavirus pandemic only served to exacerbate the issues, writes Colin Elkins in a recent article for Manufacturing Business Technology. Elkins observes that the positive outcome of these new challenges is that they have caused manufacturers to rethink and retool their design and …..
Analysts Predict Corporate Tax Rate Hike Under Biden Administration
The 2017 Tax Cuts and Jobs Act established a top corporate tax rate of 21%. Under the Biden administration, analysts expect this to change. A recent article from Construction Dive covers a number of projected tax changes, including an increased top corporate tax rate, a new tax on book income, and a bump in the .....
Focus on Cash Flow Management to Achieve Sustainability
For construction contractors, maintaining a positive cash flow can be the difference between sustainability and failure. A recent article from Construction Executive offers helpful advice for executing good cash flow management, including using payment schedules, closely managing costs and supplies, and paying attention to the cash flow cycle. Click here to learn more.