In the wake of the coronavirus crisis, many manufacturers need to reevaluate their pricing models. In a recent article from Industry Week, author Stephan Liozu suggests a two-part plan for transitioning to a better pricing model.
Cost-Based Pricing Improvements
First, manufacturers should focus on improving their current cost-based pricing system. Liozu suggests working towards a more …
This article highlights how the world is in dire need of innovative solutions across many different industries due to the recent digitalization spike and global pandemic. For example, COVID-19 emphasized the need for 5G connectivity in the States. Additionally, trends such as additive manufacturing, data analytics, the Internet of things, and the use of …
This article discusses some of the data surrounding surveys that went out towards the start of the pandemic as well as how the pandemic has actually impacted the manufacturing industry. For example, many jobs cannot be conducted remotely, and therefore have been eliminated or significantly changed. Additionally, this link outlines some of the best …
U.S. manufacturers are pushing lawmakers to reverse a provision in the 2017 tax law that will force companies to write down research and development expenditures starting in 2022. Businesses and experts are concerned that if the policy is not reversed soon, U.S. competitiveness in manufacturing will be further diminished, as tax incentives to keep …
This article contains a link to a slideshow and brief overview of what the manufacturing and tech industries will look like in the next decade. Within these industries, it is crucial to prepare for both the short and long term future of your company. Being aware of trends such as wearable technology, the role …
This article discusses how the manufacturing industry is constantly changing due to Ever-changing and advancing technologies. Topics such as human-machine interaction, advanced engineering, analytics, and computer power are all outlined within this article.
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As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national, or individual industry level, this pandemic is already changing the way businesses are operating on a day-to-day basis. As we …
Whether the impact is on a global, national, or individual industry level, this pandemic is already changing the way businesses are operating on a day-to-day basis. As we venture past the peak of the pandemic, businesses are going to have to adapt to the new world in which they reside in order to survive. …
As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national, or individual industry level, this pandemic is already changing the way businesses are operating on a day-to-day basis. As we …
As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national, or individual industry level, this pandemic is already changing the way businesses are operating on a day-to-day basis. As we …
