Risk & Compliance, Risk Management, Business Continuity Planning
Building resilience into the business is important. Whether it is creating business continuity plans or assessing risks to the business or its employees, it is imperative that companies prepare to weather bumps in the road. At the same time, companies should also pay attention to the infrastructure surrounding their companies and the changes that can affect them as well.
Republicans plan to unveil their long-awaited tax reform package on November 1. Although the nine-page tax reform framework released in September was short on details, the plan highlights key changes to the tax code intended to reduce the tax burden on both individuals and companies, spark economic growth in the U.S., and make the tax laws more globally competitive.
Growth & Innovation, Research & Development, Research, Innovation, Operations, Information Technology
Germany and the U.S. continue to drive innovation around the Industrial Internet. The two countries are economic powerhouses and they are keenly aware of the importance of internet connectivity for business applications. Yet their approaches to harnessing it differ, as I documented in a 2015 report. What’s changed since then?
Relatively strong post-recession employment growth is not a statistical anomaly, though only a small portion of the gain is coming from internet and telecommunications jobs. GDP is underestimated, but it is consistently biased, and the gig and free economies are too small to explain the productivity gap. Rather than blaming statistics, analytical effort is better spent determining the root causes for slow productivity growth.
Americans are surrounded by manufactured goods at home and work— so how can the manufacturing sector represent only 11% of GDP? The explanation is that it doesn’t. MAPI Foundation research examining the full value chain reveals that manufacturing accounts for 32% of GDP. We also find that the manufacturing multiplier is almost three times as high as official data suggest.
The EPA's Clean Power Plan creates winners and losers, with anticipated advantages for the environment but higher electricity costs and lower GDP relative to baseline forecasts. Two dozen states have already filed lawsuits over the plan and the House passed two joint resolutions to kill it.
Global Economy, Economic Environment, Growth & Innovation, Research & Development, Research, Innovation
While measuring potential GDP—the maximum output achievable without provoking inflation—is not an exact science, it is clear that U.S. potential has slowed significantly since the 1980s and 1990s. Slower labor force growth and productivity are causing the sluggishness, although it is likely that government statistics do not accurately account for several types of 21st-century innovation.
Global Economy, Competitiveness, Operations, Manufacturing, Manufacturing Footprint, Reshoring/Nearshoring
A new study produced by MAPI and Deloitte draws on a survey of global manufacturers to offer insights into which new markets manufacturers plan to enter in the next five years. As might be expected, the United States and China should see the greatest number of investments in existing operations by 2020. Various countries in Asia and South America should see increases in new project investments.