The Reshoring Initiative estimates that over the past five years, more than 100,000 factory jobs have returned from overseas. It's a drop in the bucket compared to the millions of manufacturing jobs that have been lost over the years, but experts say the tide is starting to turn.
More than 200 members of the National Association of Manufacturers (NAM) wrote a letter recently in support of the The American Manufacturing Competitiveness Act of 2016, which proponents say will eliminate trade-distorting tariffs on imports that are critical to American manufacturers. NAM members called the relief the bill provides as “long overdue.” The bill was introduced to the House of Representatives on April 13 by House Ways & Means Committee Chairman Kevin Brady (R-TX) and other committee leaders.
Manufacturing CEOs may have been taken aback by the U.S. Supreme Court’s recent decision holding Tyson Foods responsible for overtime pay for thousands of its plant workers, but legal experts said business leaders can learn a few significant things from the ruling that will help protect their own companies from such a future judgment.
The Great Recession sacked the metalcasting industry, of course, joining with technological advancements, foreign competition and tightening regulations to carve the base of 2,170 foundries down to about 1,965 facilities last year. But industry sales were expected to reach $33.5 billion by next year after bottoming out at $21.6 billion in 2009.
3D printing is helping manufacturers get a leg up on their competition, as evidenced by several groundbreaking projects by firms such as GE making the world’s largest commercial jet using 3D printed parts, and automotive manufacturer Local Motors collaborating with Siemens to make the first 3D-printed car.
The post How 3D Can Make Your Manufacturing Business More Competitive appeared first on ChiefExecutive.net | Chief Executive magazine.
Manufacturing is the industry most affected by cyber espionage. Are you sure you’re assets are well protected?
Carl Icahn’s sale of all his Apple stock, and the subsequent drop in the company’s stock price, may only be the beginning of trouble in Cupertino.
The post Apple’s Problems Are Just Beginning Following Icahn Stock Sale appeared first on ChiefExecutive.net | Chief Executive magazine.
Smart cities are no longer found exclusively in the Western world. By 2025, as much as half the world’s smart cities will be found outside America and Europe, according to the World Economic Forum.
The post Smart Cities Are Going Global – Should You Open an Office in One? appeared first on ChiefExecutive.net | Chief Executive magazine.
For over 40 years, ICC Logistics in Hicksville, NY has been helping shippers lower their freight bills and more. “Transportation and logistics costs are not fixed costs, they are variable,” observes Tony Nuzio, CEO and company founder. To help you vary your costs downward, Nuzio shares 7 tactics that have worked consistently for his clients.
There are a number of psychological obstacles that get in our way of success and can seriously compromise getting a new product or a new business to the finish line. Here's how to kick procrastination to the curb and stay focused and on plan.
The post Overcoming Procrastination: One of the Greatest Barriers to Success appeared first on ChiefExecutive.net | Chief Executive magazine.
It's difficult enough to lead in good times, but it's even more challenging to lead in a time of crisis. While most companies have some sort of crisis plan in place, many are inadequate and untested, and contingency mitigation techniques and risk management programs can easily become overwhelmed. Whether it's plummeting share prices or a major brand image problem, it's up to the C-suite to own the situation and lead through the choppy waters.
The post Quick Tips for Successfully Leading Through a Crisis appeared first on ChiefExecutive.net | Chief Executive magazine.
It’s time to rethink how we develop leaders. As I engage with young professionals and executives, I continually hear that ...
Peter Drucker, the guru of modern management theory, said these now famous words: “the purpose of a business is to create a customer, and the purpose of the leader is to grow the value of the customer.”
Darren Huston, CEO of Norwalk, CT-based Priceline.com, has resigned, according to Bloomberg, after rumors of his affair with an employee became public knowledge.
The post CEO of Priceline Resigns After Admitting to Employee Relationship appeared first on ChiefExecutive.net | Chief Executive magazine.
It’s no secret that business acumen in all its guises is an essential attribute for successful CEOs. However, there are also several key personality traits that separate effective CEOs from their less-than-effective—and hence, less-than-successful—counterparts.