Tropical Storm Harvey Causes Chemical Plant Shutdowns
The destruction caused by Tropical Storm Harvey over the past week has led to specialty chemical plant closures along the Texas Gulf Coast. According to analyst Tamar Essner, approximately 40 percent of the U.S. petrochemicals market is currently offline. This percentage is significant due to Southern Texas being the heart of the nation’s specialty chemicals and petrochemicals industry. More importantly, the country’s manufacturing sector relies on the region for raw materials to produce everyday items like water bottles. It is unknown when the plants will come back online, but the shutdowns are certain to disrupt supply chains across the U.S.. Read More.
The Potential Market Shifts of Buy American and Hire American
On April 18, 2017, President Trump issued Executive Order 13788, “Buy American and Hire American.” Executive Order 13788 aims to “create higher wages and employment rates for workers in the United States, and to protect their economic interests” by decreasing American reliance on foreign workers and products. While the “Buy American” and “Hire American” aspects of the executive order have a common underlying theme, each facet will have significant impacts on policy changes independent of each other. In accordance with the executive order, heads of all agencies have until September 15, 2017, to: Assess the monitoring, enforcement, and implementation of,. Read More.
Georgia Concrete Companies Receive New Tax Breaks
Two months ago, the Georgia legislature approved several bills offering tax breaks and incentives to concrete businesses around the state. In particular, House Bill 247 adds concrete mixing businesses to Georgia’s sales tax exemption for manufacturers. While this is good news for the state’s concrete companies, claiming these sales tax exemptions might be complicated. Eligible businesses could miss out on many of the available tax breaks by failing to submit the proper paperwork. If paperwork is submitted, the forms could be inaccurate, causing lost opportunities for additional tax savings and increased audit exposure. If you have a concrete business in. Read More.
Data Will Lead the Fourth Industrial Revolution: Part 2
No one denies that data’s role in the Fourth Industrial Revolution (and in our daily lives in general) is growing. In Part 1 of “Data Will Lead the Fourth Industrial Revolution,” we examined how data is actually one of the major components shaping this industrial revolution. Data is both measuring human behavior and influencing it at the same time. That data-technology-human connection: Disrupts which jobs have priority in modern manufacturing (think: data analysts and coders becoming possibly more influential and indispensable in the daily process than manual laborers) Helps business leaders make better, more informed business decisions Reveals misconceptions or misinformation that. Read More.
Data Will Lead the Fourth Industrial Revolution: Part 1
Technology is a critical component in the next industrial revolution – the one that’s happening right now as you read this article. But, technology doesn’t rule the Fourth Industrial Revolution. It’s not going to take over manufacturing and replace all the workers with robots. What will define and shape the Fourth Industrial Revolution is data. Technology defined the Second and Third Industrial Revolutions in that it made our jobs easier, so we could be more productive. This time around, the technology is different. Not only is it evolving at a much faster pace that’s unparalleled in the history of human. Read More.