Businesses have several reasons for hiring consultants to bring solutions to a problem in their business. Either the company needs a plane opinion, or if the company doesn't possess ways of addressing internal issues, consultants provide a method of solving an issue...
According to research by the Industry Trade Group, there is a yearly average of 1,390 ships that have been lost at sea in the last three years. In 2018 alone, about 46 ships stretched out as far as 1300 feet were lost at sea. Insurer Allianz described this number as...
The President of the United States, Donald Trump, just signed the USMCA into law, which is just 2 weeks after the Senate has approved it, and a month after passing in the House of Reps. This agreement is a trilateral one, which requires the signatures of all 3...
Everyday, manufacturers are faced with different choices, but the most common of them is choosing between producing an item in-house or buying it. The main driver for this choice is always cost and general profitability. With every choice between these two entities,...
Ever wondered why collaboration is taking over the business world? Well, we know a lot about collaboration inside a business but not a lot of people really pay mind to supplier collaboration. According to Industry Week, close and ongoing supplier collaboration can...
The lack of language skills has been detrimental to business. About 22 percent of manufacturing companies have not been able to make a large number of sales due to this language barrier, especially in sales to other foreign nations. Although manufacturing companies...
In times when a country's economy is doing good, companies focus on growth and expansion. But during a recession, most industries do not have a clue of how to sustain themselves talk more about growing the company. Recession is a difficult period for any nation....
The end of the General Motors Co. strike leads to the stabilization of the manufacturing industry. This increase in the output of the manufacturing industry in beyond the surge of the auto section of the manufacturing industry. With a 1.1% gain, this is the highest...
As regards 2020, OSHA has not been forthcoming with information. Their website has been left redundant for a while. However, inkling can be drawn from the 2020 congressional budget justification for the OSHA. Drawing an inference from the congressional justification,...
True leadership is being able to establish and communicate a clear vision for the organization. As a leader, by demonstrating ideal values in the workplace, leaders are able to influence honesty, ethics, tolerance, and respect on the subordinates. There’s a trait of...
The COVID-19 pandemic has prompted the manufacturing units worldwide to reduce costs and increase supply chain transparency in the industry. However, the key to sustainable recovery is unlocking the benefits of the technology. It can include the advancement of the...
Ever wondered why collaboration is taking over the business world? Well, we know a lot about collaboration inside a business but not a lot of people really pay mind to supplier collaboration. According to Industry Week, close and ongoing supplier collaboration can...
In recent times, technological advancement has led the emergence of automation using machines in many manufacturing and supplier industries. At the same time, this brings about the need for skilled workers capable of handling these machines. Over the years, the...