How will the repercussions of recent US tax plans be felt by the automotive industry? Our new study shows border tax proposals introduced by the new US administration will contribute significant costs to vehicles sold in the US. These costs will not only apply to imported vehicles, but also vehicles produced in the US, due to foreign part content. More »
The construction industry is poised for big cultural and technological shifts as it embraces digitization across design and delivery processes. The real-estate industry is set to gain from these developments, not just as the result of efficiency and productivity gains but also by providing a richer and more satisfactory customer experience More »
The Midwest and the Greater Philadelphia region have found pathways to build strong life sciences industries and create environments that provide the necessary risk capital for healthcare startups. These life sciences clusters are driven by leading healthcare companies, high quality health systems, and top notch research institutions as well as strong entrepreneurial support ecosystems. More »
Although consumer-packaged-goods (CPG) manufacturers have been relatively slow to adopt breakthrough technologies, their factories will not escape the wave of change in the coming years. Following the pattern seen in other industries, the early CPG adopters are gaining a competitive edge by capturing significant improvements in operational performance. More »
We estimate that about 25% of what is now offshore would come back if companies quantified the total cost. More »
For firms, it’s become imperative to look beyond geographic borders to attract and retain top talent. This is partly due to the fact that 77% of CEOs report being concerned about the availability of key skills, according to PwC. Seventy-seven percent also agree or strongly agree that they move talent to where they need it. Marshall Goldsmith, who has coached CEOs at dozens of global Fortune 500 companies, told me that the talent game is becoming geographically borderless. “What companies want is a leadership base that at least somewhat parallels their customer base. So you don’t have a group of leaders that doesn’t have anything in common with their customers.” More »
When former elementary school teacher Tami Zuckerman dreamed up the idea for VarageSale, a Toronto-based site that runs local online garage sales, she had no shortage of funding options. More »
To take advantage of digitization, industrial manufacturers need new operating models, aggressive hiring, smart partnerships, and targeted investments. More »
Batesville Casket has planned a job fair Friday for its soon-to-be-laid-off employees. Unlike the workers at Carrier Corp., the Indiana plant Trump pressured to stay open, the Batesville Casket employees aren’t unionized. Part of the reason the Carrier case received so much coverage is that workers were able to complain to the media without fear of getting fired. The Batesville case is much more typical, as hundreds of American firms lay off workers and shift production abroad every year with hardly any attention in the national media. More »
New research compares economic and social conditions in US states—and highlights opportunities for government leaders to help make improvements. More »
The Metro Monitor provides leaders across metropolitan America with a set of objective metrics to guide their efforts in shaping advanced regional economies that work for all. More »
Although cheap, labor-intensive goods often come to mind when Americans think of job-displacing imports, the more capital- and technology-intensive segments of manufacturing have hardly been immune. Sectors like motor vehicles and parts, pharmaceuticals, telecommunications equipment, nonelectrical machinery (like machine tools, farm machinery and power-generating turbines) and industrial chemicals add up to nearly half of manufacturing’s enormous, chronic annual trade deficits nowadays. More »
Caterpillar's recent decision to move 300 top headquarters jobs to the Chicago area made Peoria the latest city with a vacuum to fill More »
Thanks to the credit’s now-permanent status, companies can factor a federal income tax reduction into their financial planning. More »
Many Americans need jobs, or want better jobs, while employers have good jobs they can’t fill. Matching them up is the tricky part. More »
As 2017 begins, the global economic environment is characterized by new political realities. In the United States, there is a new president with new ideas and goals. In Europe, growth and inflation have begun to accelerate, yet unemployment remains stubbornly high. In Asia, growth is stabilizing, but risks are piling up in the form of higher debt and rising trade tensions. More »
Manufacturing is having a moment, and the National Association of Manufacturers wants to spread the word and, of course, build even more momentum. More »
Governors can affect their states’ employment picture, but not in the way, or with the speed, that most people think. More »
Artificial intelligence tools are only beginning to penetrate the workplace, but are causing leaders to rethink how their businesses run. More »
Forty-four states levy a corporate income tax. Rates range from 3 percent in North Carolina to 12 percent in Iowa. Six states — Alaska, Connecticut, Iowa, Minnesota, New Jersey, and Pennsylvania, and the District of Columbia — levy top marginal corporate income tax rates of 9 percent or higher. Seven states — Arizona, North Carolina, North Dakota, Colorado, Mississippi, South Carolina, and Utah — have top rates at or below 5 percent. More »