Most of us are so busy on a daily basis we don't have time to think about our business models. It is the rare client that questions their business model let alone continually modifies it for success. Do you question your business model on a yearly basis?
Apple has developed its own processors for years but has recently increased its focus on the in-house design of components.
There has certainly been a lot of conversation about the potential tax law changes! Michael Kouyoumdjian, managing shareholder of RP&B CPAs did a great job of going through the potential changes and impacts in a discussion with trusted advisers to manufacturers and distributors.
According to Industry Week, steel imports from 2016-17 are on track to be the lowest in almost 15 years!
nstead of running to keep up with your customers and competitors on a daily basis, what can you do to GET AHEAD of them?
Who knew transportation could be so complex? As much as goes into transportation, consumers are trained to think of it as "free" (think Amazon Prime) and quick. That certainly provides two conflicting forces!
Where are you sourcing from currently? Don't just jump on the new bandwagon of reshoring but you should give your total cost of ownership a second look as well as dig into your customers' expectations and sourcing impacts.
Whether we have anything to do with electric cars, we should pay attention. Noticing where investments are flowing can be quite critical as it will impact your business in one way or another.
What might seem impossible to us might not be! Do you tend to write off ideas before considering their full value? Perhaps we should take a page from Wisconsin's playbook and look at the big picture, think long-term and mix it up a bit.
New research explores trends in outsourcing, nearshoring, and insourcing to help manufacturers and distributors thrive.
