Embracing the power and potential of CNC equipment is an appealing option for all sorts of small, ambitious businesses. However, the cost of acquiring such machinery can be prohibitive, at least in theory. To help you overcome concerns and see the value that CNC machining represents, here are a few of the fundamental advantages that will justify your decision to invest in this tech.(more…)
Industry 4.0 technology is having a major impact on the manufacturing sector. Artificial intelligence (AI) and smart devices have enabled a range of new technologies, maintenance strategies, and management techniques.
A growing number of factories are adopting smart tech and investing heavily in AI solutions. Over the next few years, an increasing number of facilities will likely come to depend on both AI and Internet of Things (IoT) technology to improve performance and conduct site maintenance.
These three applications of Industry 4.0 tech show the impact AI and IoT are having on manufacturing — and how the sector is likely to transform in the near future.(more…)
Winter storms raging across the country, disrupted supply chains, and COVID-19 have been serious obstacles to the success of the manufacturing industry over the past year. A perfect storm of economic destruction has wiped out some manufacturers that either weren’t able to adjust or witnessed a dearth of demand for once-popular products that decimated their markets.
It’s not all doom and gloom, though. Many manufacturers face these unprecedented challenges by flexibly using new strategies and advanced tools. Here are the top four manufacturing trends that you can take advantage of to dramatically turn things around for your business.(more…)
The COVID-19 pandemic has affected how we learn, shop, socialize, travel, and work. That, in turn, is influencing tax policy.
After employees across numerous industries transitioned to working from home, states struggled to determine the tax implications of a newly remote workforce. As ecommerce sellers struggled to keep up with a surge in sales, states that tax remote sales benefited from a steady source of sales tax revenue. When education and events moved online, the question of how tax should apply to virtual events arose. And so on.
Our 2021 sales tax changes report examines emerging trends in business and tax. As always, it should serve as a resource for business leaders and tax professionals seeking to better understand the ever-shifting tax landscape.(more…)
If you’re the owner of a manufacturing company, you are what you produce. What that means is that in every phase of your business’s operation, the quality of your products should be your top priority and main concern. Your products are what define your company, and your company’s reputation depends on the quality of your products.
But, like any business, there are no guarantees that you are always going to be able to deliver exactly what you’ve promised.
Just as a lawyer can forget to submit an important document and get hit with a legal malpractice claim as a result, your products might not always leave your manufacturing plant in perfect condition or working as they should.
And if a product your company has produced has a defect or malfunctions in a way that leads to third-party bodily injury or property damage, you can expect to be held liable.(more…)