Set all aspects of politics aside for a moment. Consider the new tariffs being proposed and put in place globally. Whether in North America, China, or otherwise, tariffs change the way people invest and spend. The Trump Administration is putting in place numerous tariffs. They claim this should support businesses and drive manufacturers to produce […]
Is Your Business Ready For The Next Wave of Manufacturing Reshoring?
Over the past several years we’ve heard a great deal of rhetoric from politicians and business leaders alike regarding manufacturing jobs. Main arguments surround cost and availability of resources—business leaders stating US manufacturing is too costly with rising labor rates as their leading concern, while politicians clamor for more blue-collar opportunities for their constituents. Decades […]
How Collateral Value Can Influence Your Loan Interest Rate
A lot of people don’t realize just how many different factors go into determining financing rates related to items like printing presses, vertical mills, industrial planers and other types of commercial industrial equipment. The business and owner’s/guarantor’s credit score plays a role in determining your rates, yes – but that’s just one small part of […]
IoT And It’s Impact on Industrial Equipment
For decades we’ve seen incremental innovations and improvements to manufacturing and machining equipment creating higher precision, faster production, and increased reliability. This is anticipated progress. What wasn’t expected was the disruptor of Internet of Things (IoT) becoming a reality and promising a leap forward in manufacturing efficiency and cost-effective maintenance. What is Internet of Things? Internet of Things, […]
3 Simple Steps To Improving Your Business Credit
Your business has strong cash flow, a strong balance sheet, and strong contracts from customers ensuring a solid future, do you still need to worry about establishing and maintaining good business credit? In short, yes. Credit is used for more than simply applying for a loan or credit line, many vendors and prospective customers in a […]