Pursuing Revenue Growth in Your Manufacturing Business
For manufacturers, pursuing revenue growth is a must. In a recent article for Manufacturing.net, author Kyle Uebelhor offers some strategy recommendations for manufacturing leaders as we enter the new year. Connect with your top clients and sales team. Glean key information from your clients and work with your team to establish a strategy for your […]
Manufacturers Aren’t Immune from Wayfair’s Sales Tax Impact
BACKGROUND ON SOUTH DAKOTA VS. WAYFAIR Earlier this summer, the U.S. Supreme Court ruled in the landmark case South Dakota vs. Wayfair that the “physical presence test” for determining if a seller is required to administer sales taxes is “incorrect.” States may now legally require sellers to administer sales taxes, even if the seller has no in-state physical […]
Tax Reform FAQ For Manufacturers
The $1.5 trillion tax reform legislation known as the “Tax Cuts and Jobs Act” (TCJA) represents the biggest change to the tax code since 1986. While the implications for businesses are broad and complex, we’ve summarized some of the most common tax reform questions for manufacturers: What are the top issues manufacturing companies need to know about tax reform? […]
How to Slow Employee Turnover in Manufacturing Firms
Universally, the cost of employee turnover is felt in both the budget and the overall culture of a company. With a turnover rate 33% higher than other industries in the U.S., manufacturers need to develop strong initiatives to maintain good employees. In addition to high turnover, these companies also struggle to attract younger workers who […]
Implementing AI in Manufacturing – Is it Worth it?
Undoubtedly, the growth and continual improvement of artificial intelligence (AI) has been revolutionary for the manufacturing industry. In addition to reducing expenses, AI has provided manufacturers with opportunities and information that would have been nearly impossible to receive prior to the invention. Forbes Insights recently published an article examining the advantages AI offers manufacturers today. […]
The Cost of Input Tariffs on the Manufacturing Sector
Most industries in the U.S. manufacturing sector source at least 10% of their intermediate inputs from countries outside of the United States. Recent legislation to raise import tariffs will likely increase costs for U.S. manufacturers purchasing foreign intermediate inputs. In an article for Tax Foundation, writer Erica York offers an overview of a recent analysis […]