manufacturing
October 22, 2024
How to Mitigate Supply Chain Risks
Consumers have come to expect ample choice, instant shipping and ultrafast delivery, making a smooth supply chain critical. However, the fragile nature of supply chains can lead to sudden bottlenecks, delaying production or shipments and impacting an organization’s ability to meet customer demand. These delays can disrupt cash flow and damage customer loyalty as expectations...
February 5, 2024
Manufacturing Industry Trends to Watch in 2024
Businesses in the manufacturing sector contribute significantly to the economy by utilizing raw materials to create a wide range of finished products. In recent years, this industry has experienced considerable growth and has capitalized on recent legislation that provided substantial funding and tax incentives. The Infrastructure and Jobs Act, the Creating Helpful Incentives to Produce...
July 17, 2023
OSHA Launches New National Emphasis Program for Warehouse and Distribution Center Hazards
On July 13, 2023, OSHA launched a National Emphasis Program (NEP) to prevent workplace hazards in warehousing and distribution center operations, mail/postal processing and distribution centers, parcel delivery/courier services and certain high-injury-rate retail establishments. The NEP is expected to expire in July 2026. NEP Overview Under this three-year NEP, OSHA will conduct comprehensive safety inspections...
April 27, 2023
Business Risks in an Economic Downturn
Without a thorough evaluation of its business model, any manufacturer can be severely threatened by an economic downturn. While devising creative solutions to keep your business running despite unfavorable economic conditions, keep in mind that changes to your business can result in new liability exposure. Supply Chain Risks It’s no secret that the financial security...
February 28, 2023
Manufacturing Industry Trends to Watch
The manufacturing sector consists of businesses that utilize raw materials to generate finished products. Due to the range of items this industry plays a role in producing (e.g., food and beverages, textiles, apparel, wood products, chemicals, plastics, metals, electronics, machinery and furniture), it contributes significantly to the overall economy. Further, this sector has experienced considerable...