A recent survey from Bank of America suggests small-business owners are optimistic about the economy, with 57% expecting higher revenue over the coming 12 months. A majority of respondents said they are planning to expand.
There are several key considerations to keep in mind while helping employees who have been injured return to work, according to Bill Zachry of the Sedgwick Institute. Clear communication among all involved is one critical component of the process.
Research suggests younger business owners are more likely than their older peers are to say having a workplace savings plan is a key step toward retirement. It's important to remember that businesses may be vulnerable to unforeseen events, notes financial adviser David O'Brien.
A deal between President Donald Trump and China's Xi Jinping to postpone a tariff increase to 25% on Chinese imports doesn't mean consumer prices will go down, it just means tariff-driven price increases can be held off a little longer. "It's difficult to put a dollar figure on how much the average American consumer is going to have to pay," NRF's David French said.
Cody Brown and his family pooled their resources to open Crooks Coffee in Santa Rosa, Calif., adding to the thriving coffee scene in the city. "Our coffee shops are getting on the map a little bit, which is cool," he said.
The US chemical industry should adopt fuels-to-chemicals technologies, digital technologies and embrace sustainability, according to this Deloitte analysis. "Digital can act not only as an enabler for attracting a more agile workforce, but also cause chemicals enterprises to hire, develop, and retain highly skilled talent," the authors write.
3D printing allows manufacturers to quickly switch between products and eliminate time-consuming, costly molds, says Dartmouth University professor Richard D'Aveni. This technology will continue to shift jobs toward design and programming positions, where many US jobs are already moving, he says.
Rich product content is critical for manufacturers selling to other businesses online, according to a survey by firm Avionos. "How can the buyer self-service, and what digital tools are you providing to allow the buyer to do their own research, find rich product content, and get order status information and make changes?" says Avionos President Scott Webb.
Operational technology and IT teams work together better when they understand the benefits of convergence, writes Oden Technologies CEO and co-founder Willem Sundblad. Real-time data sharing, for example, can inform decision making and lead to operational improvements.
Executives understand the idea of risk and are more likely to listen to safety leaders when they use that context, say lawyers Barry Spurlock and Ed Foulke. "Safety should be managed as a profit center, not a line item," says Foulke.