The U.S. trade deficit in February fell sharply to its lowest level since 2009, likely as a labor dispute at one of the country's main ports depressed both imports and exports. Companies with heavy exports may be rethinking their second quarter strategy to make up for first-quarter losses.
Only five years ago, the Toyota Production System—and the company that spawned it—were the envy of the manufacturing world. Then Toyota buckled, and “TPS” became yesterday’s glory. But now a humbled and wiser Toyota is launching a new, global, “modular” manufacturing system that is meant to re-establish its former pre-eminence in making automobiles. There are lessons other CEOs can learn from Toyota's rise back up from the manufacturing ashes.
The post Toyota Offers a Lesson in How to Get Back Up After Falling Down appeared first on ChiefExecutive.net | Chief Executive magazine.
As the U.S. dawdles over finalizing free-trade agreements with Colombia and other countries, Mexico is leveraging its vast array of free-trade pacts to take a bigger share of production not only from North America, but globally. Currently, their relationships are primarily with auto manufacturers, but should CEOs of other large producers be considering doing the same?
As more and more manufacturing companies take advantage of the favorable market, one trend in particular could influence the way owners evaluate and choose a buyer for their company. As it turns out, the manufacturing sector has seen the highest growth of interest from one particular group—fellow CEOs.
The post 3 Strategic Considerations When Selling Your Manufacturing Business appeared first on ChiefExecutive.net | Chief Executive magazine.
2014 marked an incredibly strong year for manufacturing M&A. The sector saw deal value more than double and a 40% jump in deal volume compared to the prior year. The number one destination for private equity investment, the sector inked two dozen mega-deals (those with value of +$1 billion) and activity remained robust into the end of the year even as concerns grew around the fall of energy prices.
The post How to Take Advantage of Investors’ Demand for Manufacturing Businesses appeared first on ChiefExecutive.net | Chief Executive magazine.
Globalization offers countless opportunities for companies to expand market share, and increase revenues and profits. But for businesses to operate seamlessly across borders, it’s critical their supply chains experience no disruptions.
The post Consider Supply Chain Risk When Deciding Where to Expand Globally appeared first on ChiefExecutive.net | Chief Executive magazine.
With the U.S. economic recovery in full swing, governors are going head to head to land the next big manufacturing operation and bring thousands of new jobs to their state. A half dozen or so, including Georgia, Alabama, Mississippi, South Carolina, Washington, and of course, Nevada and Texas—already have major wins to report—but with the ink dry, governors have been quick to look toward their next big win, from companies such as Volvo, which is currently in the market for a state in which to hang its manufacturing hat.
Not all innovations these days are coming out of Silicon Valley or deal only with bits and bytes. Advancements in manufacturing of all sorts are keeping America at the cutting edge of global industrial leadership and are enabling a broad, long-term resurgence in the U.S. economy.
The post 5 Advancements That Illustrate the Cutting Edge of U.S. Manufacturing appeared first on ChiefExecutive.net | Chief Executive magazine.
Unlike the Air Asia CEO, the Germanwings and Lufthansa CEOs have been media -- and social media -- absent.
The post Lufthansa’s Chief Executive Faces a Tough Test After Germanwings Crash appeared first on ChiefExecutive.net | Chief Executive magazine.
The start of your morning sets the tone for the next 24 hours. As a businesswoman running several different companies at the same time, I’ve learned that mornings are a valuable opportunity to get things done before the work day officially begins. Maximize your abilities with these five morning rituals for a successful business day.
If something bad happens to you, such as an illness, disability or even death, there are often many people who want to make sure the business remains viable and that your loved ones benefit from the hard work put into making the business successful. To these ends, there are two strategies you need to put in place: key person life insurance and buy/sell agreements.
The post Two ‘Almost Always’ Necessities for Most Successful Business Owners appeared first on ChiefExecutive.net | Chief Executive magazine.
The role of the CEO is inherently isolating. They're expected to be on top of the game at all times, yet it's often lonely up there -- and many CEOs don't know how to break out of their Fortress of Solitude.
Here, some isolating factors and how to mitigate them.
It’s impossible to have a good strategy poorly executed. That’s because execution actually is strategy – trying to separate the two only leads to confusion.
The post Stop Distinguishing Between Execution and Strategy appeared first on ChiefExecutive.net | Chief Executive magazine.
DuPont Co. said its board approved changes to the planned corporate governance structure for the performance-chemicals business that it is spinning off.
The post Setting a Precedent? DuPont Board OKs Governance Changes appeared first on ChiefExecutive.net | Chief Executive magazine.
Former Hewlett-Packard Co Chief Executive Carly Fiorina told Fox News Sunday the chances she would run for the U.S. presidency in 2016 were "higher than 90 percent" and that she would announce her plans in late April to early May, Reuters said.
The post 90+% Chance Former HP CEO Fiorina Will Make Presidential Bid appeared first on ChiefExecutive.net | Chief Executive magazine.
In the first quarter of 2015, earnings estimates for the S&P 500 were reduced by 8.2% per share as of Friday, the worst quarter for a reduction in expectations since the first quarter of 2009, smack in the middle of the financial crisis.
Business degrees are the most popular undergraduate major in the U.S., with 365,000 people earning business degrees in 2010-2011, according to the National Center for Education Statistics. However, many leaders of top companies didn't study business or related subjects like accounting or finance at all as undergrads.