2020 is indeed a year of realities for the United States, not just because of the pandemic. The year has successfully revealed all of the weaknesses of the American economy and the health sector. Due to rising labor costs and the overvaluing of the United States...
With Covid-19 still ravaging the world larges economy, productivity is currently at it lowest since 2015. The manufacturing sector has witnessed series of job cuts and production hours reduced as a response to the stay at home and shelter in place orders in the United...
COVID-19 is the biggest disruption the manufacturing sector has experienced in the 21st century. Unlike other forms of disasters that affects the infrastructure, the pandemic is targeting the human resources of businesses. This is why the study by Global Data is...
At this point in the history of human race, we all have a lesson to learn about making plans. Manufacturing businesses are not left out of this moral lesson class; their lack of foresight by dealing with only a single supplier through the production chain. Not just a...
Nothing has prepared small business orders of what is to happen to them in the event of a pandemic. In ways more than one, the coronavirus pandemic is affecting the viability, profitability, and continuity of small businesses. This phenomenon is not just peculiar to...
With the spread of Covid-19 at its peak in the United States and other part of the world, there is a need for ample production of Personal Protective Equipment. To meet up with the demands for PPE, companies are shifting the gaze of their manufacturing plants towards...
Across the United States and globally, authorities are clamping down on people’s movement as a modus operandi to control the spread of Covid-19. Whether it’s a stay-at-home order, or a shelter in place, the directives differs from cities to cities across the US. This...
More than the modern world has ever experienced, a pandemic has successfully lead to the shutdown of not just the economy but also the mobility. Currently, the rage of Corona Virus has forced numerous countries to declare total lock down. It all started with China but...
What is being referred to as Black Monday in the financial circle did not just happen out of the blue. It’s one of the consequences of the viral spread of COVID-19, which has affected not less than 100 countries with new countries joining the fray. We’ve also seen...
Switching to centralized purchasing is one of the go-to solutions for companies. This denotes that one region will be in control over all or many most of the purchasing decisions of the firm. The issue with decentralized purchasing is that every region possesses its...
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...
Innovations in the world are becoming so relentless, giving birth to electric vehicles in today's market. The electric car innovation has since created a wave of new investment opportunities in the world. The commercial electronic vehicle Arrival has attracted a...
5G networks proffer solutions to manufacturers and telecom operators, offering them a chance to build smart factories and take advantage of technologies such as artificial intelligence, automation, the Internet of Things (IoT) and augmented reality for...