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As the new year gets underway, savvy businesses take stock of themselves. Risk assessment–the process of determining the likelihood of a specific negative event occurring–is an essential process which managers and executives need to stay on top of. Which “negative events” are we talking...

The polls reflected it; many people are hungry for change. What the election means to globalism remains unclear, but we’d be naïve to think that change isn’t rapidly occurring anyway. In a world where there’s a fight for nationalism, while concurrently being more reliant...

The race to larger profits often leads to corruption. Thomasnet.com recently released the video clip Did China Steal Wave Technology?  The narrator tells the story of Pelamis Wave Power, an up-and-coming renewable energy manufacturer, having five laptops stolen after a visit from Chinese investors....

Dual sourcing has been known and practiced for decades. In most cases, it was a logical way to secure undisrupted production. Big business used a second supplier, or multiple suppliers, to lower the risk of supply chain problems. In the 1980s and 1990s, large...

Hackathons continue to pick up steam. The Oxford online dictionary describes a hackathon as, “An event, typically lasting several days, in which a large number of people meet to engage in collaborative computer programming.” Sounds prim and proper, but as any hackathon attendee can...

Manufacturing companies are finding that technology advancement is a double-edged sword. With the improvement of production processes, entry level positions declined and replaced with jobs that required experienced employees. This conversion to a highly skilled workforce thrived until now, a time when seasoned employees...

We all woke up on November 9, 2016, to face the future of a different America. Changes in the presidency will create a profound effect on our economy and generations to come. As with all uncertainty, companies are running hypothetical situations with worst case...