The mass commercialization of self-driving cars and virtual offices may still seem like futuristic concepts to many business leaders. But automation technology is advancing fast, offering CEOs across various industries scope to enjoy sizable near-term boosts in productivity, according to a new survey.
Manufacturers are facing more challenges that are forcing them to reduce costs, reexamine their business models, integrate new technologies and build new capabilities.
D'Addario, a manufacturer of guitar and orchestral strings, as well as other musical instrument parts, has a lineage that goes all the way back to 1680 Italy. But the company's got both feet facing forward when it comes to keeping up with digital technology.
Nearly 2 million manufacturing jobs are expected to go unfilled over the next decade. While manufacturers have been cultivating skilled talent through partnerships with schools, they're also looking to more immediate solutions that can help close the skills gap.
As manufacturers strive to improve their efficiencies and use of data through the Internet of Things, they could be further opening the door to security breaches. While organizations need not fear IoT, they need to proceed cautiously with robust security and monitoring systems as they put more Internet-enabled devices on their factory floors.
American companies are spending more on research and development than a year ago, providing a welcome bright spot in the overall troublesome pace of business investment in the U.S. economy. And the permanence of the federal R&D tax credit since 2015 likely has played a significant role in this trend.
CEOs face all kinds of challenges when it comes to forming and maintaining an effective and cohesive leadership team. Trying to do so as the result of a merger during slack U.S. economic conditions is one of the most challenging situations of all.
Lots of business leaders talk about encouraging ideas to bubble up from the mid-ranks of their companies.
For most CEOs, “climate change” has been one of those far-off risk factors that must show up in a company’s shareholder documents for the Securities and Exchange Commission, a vague and pro forma threat like “geopolitical risks” and “acts of God” that read more like fine print than actionable possibilities.
While manufacturers' strategies largely concentrate on things like R&D, automation, and production efficiencies, it is becoming increasingly important to engage customers with robust digital experiences.