Small business vendors that frequently have to chase down larger clients to get paid might have reason to rejoice. According to a story in The Wall Street Journal, the White House has launched an initiative that will either speed payments to small suppliers or help them access "lower-cost capital."
Since David Friedfeld took over ClearVision Optical from his father in 1985, he's seen most eyewear manufacturing move overseas. The 120-employee company, based in Hauppauge, N.Y., is bringing a small piece of it back. Last year, Friedfeld purchased an entry-level 3D printer for just under $3,000. He still does the bulk of his manufacturing abroad, but he can now print eyeglass prototypes in-house.
Boosted by an increase in sales, Monrovia,Calif.-based drone maker AeroVironment Inc. exceeded analyst estimates and reported $8.1m in fiscal fourth-quarter profit, a turnaround from the same period a year earlier.
You walk into the local supermarket, list in hand. Eggs, milk, bread, some pork chops and steaks, cereal, potatoes, fruit, and what the heck, maybe a bag of chips. You know the routine: with basic meat, bread and dairy necessities strategically set up around the perimeter, you'll have to pass by a host of other items on the way there and back.
A long-standing challenge in the electronics supply chain is the management of so-called "excess" inventory. When an OEM or EMS provider orders too much product, it is often sold in the open market to distributors that are not franchised by component suppliers.
Accurately monitoring the curing of concrete can be critical on large construction projects. If a slab is not given sufficient time to cure, cracks can develop when the next slab is poured, which would ruin that section. RFID technology is helping ensure that doesn't happen.
The manufacturing world is entering an era of hyper-innovation where advances in technology and material science are rapidly changing what we consider "possible" and creating new business opportunities along the way.
With Congress failing to agree on immigration reform, President Barack Obama is promising to bring changes through executive actions. He has options that may have broad impacts on immigration generally, as well as the H-1B and green card visa systems.
Newly hired chief executive officers arrive at their companies in a flurry of publicity and promise, determined to place their personal stamp on the organization. But there's one element that can cripple their efforts from the very start.