As the flood waters recede and the long rebuilding process begins, it is important to assess the impact on the U.S. economy and the U.S. manufacturing sector. Policymakers need to minimize the downstream negative impacts from an already destructive event. Manufacturing executives need to readjust their business plans to account for a significant disruption.
As the Internet of Things (IoT) creates a world of connected devices, it also opens up possibilities to reframe established business models to deliver more customer value and more profitability. This offers companies disruptive opportunities.
Employment remains a star in an otherwise lackluster economic expansion. U.S. employer payrolls swelled by a strong 209,000 in July, and the unemployment rate fell a tick to 4.3 percent, remaining at a 16-year low. Even with the sluggish GDP growth of recent quarters, it is clear that the U.S. economy is growing above its long-term, non-inflationary potential, creating a strong demand for labor even after eight years of economic recovery and expansion.
With growing to-do lists and action items, everyone feels the crushing need to be more productive with the hours in the day to achieve “peak productiveness.” This means fighting against the natural rhythms of our bodies that lead to the afternoon slump, as well as the productivity levels that sla
In spite of the modest drop in the Institute for Supply Management’s (ISM) widely-followed Purchasing Managers’ (PMI) Index, U.S. manufacturing growth remains on a path of considerable improvement. After reaching 57.8% in June, more than 3 percentage points above the current 12-month average, the PMI index slipped by 1.5 percentage points in July to a still strong 56.3%. Key survey indices such as new orders, production, and the backlog of orders remain in solid growth territory although they all fell modestly last month.
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We are in the midst of the inescapable growth spurt of the internet of things (IoT) and the industrial internet of things (IIoT). One estimate puts the number of all globally connected devices at 8.4 billion, one-third of which are business and industrial products.