Moving forward, digitization is prime to transform nearly every aspect of the logistics industry. With the future potential of Industry 4.0 becoming our present-day reality, the industry is in the midst of rapid change. Cloud computing, cyber-physical systems, and the Internet of Things are all changing how businesses operate. By the year 2020, the number of logistics businesses boasting an advanced level of digitization will skyrocket from 28% to 71%. Industry experts and CEOs see digitization as the best way to achieve cost reduction and revenue growth. Companies expect to see their costs fall 3.6% per annum and their revenues to rise 2.7% per annum. With the industry becoming more efficient and advanced, companies that fail to adapt will find themselves lagging behind their competitors.
When venturing into the unknown waters of foreign markets, it’s vital that you protect the assets and intellectual property that form the foundations of your company’s offering. Discover how below.
It’s almost impossible to overstate the importance of intellectual property (IP) in the US economy. Now more than ever, the creativity and innovation that are the building blocks of IP are critical to America’s competitive success and continuing economic growth.
While innovation has long been a hallmark of the logistics industry, five key trends are dramatically reshaping the way supply chains operate.
Some companies will embrace these changes and prosper, while others will resist and struggle. But these key trends impacting the industry right now, and nobody will be immune from their effects.
If you’re ready to take the plunge and expand your business into a foreign market, any signs of political instability in the host country can be worrying. No one wants their business growth plans to be at the whims of changing political climates. However, as conflict in the Middle East and China’s economic woes affect markets around the world, US businesses with global aspirations must be able to adapt to this new zeitgeist of political and social change.
The term ‘political instability’ might stir up images of protests and armed conflict, but Dealing with political instability in foreign marketsany significant shift in political power can impact foreign investment – for example, the recent decision by Poland’s new ruling party to increase taxes on its largely foreign-owned banking and retail sectors.
In a world of interconnected markets and a global economy, expanding internationally is more vital than ever to a business’ long term health. While 80% of business decision-makers recognize the necessity of international expansion, far fewer are willing to face the plunge into the unknown. In our latest infographic, we outline the basic steps to give your next international expansion the best chance for success.
How can small and big business work together to build strong communities and profits? Small businesses form a vital part of the American economy and market. In December 2015, businesses with under 50 employees created 93,000 jobs in the US, making them an important source of post-recession job growth.
That’s not to say it’s an easy job being a small-scale entrepreneur – Bloomberg found that a staggering 80 percent of people who start businesses fail within the first 18 months. The New Orleans Chamber of Commerce is hoping to defy that trend by partnering with the Entrepreneurs’ Organization (EO) of Louisiana.
Demand for organic and local foods has grown sharply over the last decade. Since 2005, sales for local organic foods have grown by 250%. Studies show that U.S. consumers are willing to pay a premium if they better understand the origin of their food and whether their purchase contributes to the development of the local economy. However, despite the fact that sales of local agriculture is one of the fastest growing segments of the U.S. food system, it still accounts for only a small fraction of overall domestic food sales.
Regulatory compliance may not always be top of mind for every business owner, but increasing government regulations occurring of late can affect almost every single supply chain, regardless of industry, country or company type. As international supply chains are becoming increasingly complex, so are the regulations that govern them, especially at the global level.
When two companies collaborate with their mutual interests in mind, great things can happen. Supply chain partnerships are the focus of our latest infographic, where we examine a few case studies that a win-win collaboration between two companies has yielded to a high, beneficial impact.
Last week’s National Small Business Week marked a very exciting time here at Powerlinx. We launched The Partnership Resources Hub for Small Business to celebrate the achievements of entrepreneurs everywhere. This education library is rich with knowledge to help small businesses better plan strategic partnerships.
EY recently concluded that partnerships are on the rise, largely due to a slowing economy and recent innovation concerns. We’ve known this for a while. Fortune 500 companies have long used strategic partnerships to generate new income, but costly advisory services often prevent smaller companies from doing the same.