Could green ink flowing through human veins overcome a robot invasion? Not in a black-and-white arena. But our world is grey and demands judgement. That, and the embarrassing fact that accountants are only human after all, will ensure the profession’s survival. (more…)
This year is the 50th anniversary of Earth Day, an annual event where communities and individuals come together to demonstrate support for the environment, and environmental protection. Since the 1990s, one of the themes has been the issue of recycling, and out of the awareness generated by that has emerged the concept of “the circular economy”. The core message of the circular economy is [...]
The World Health Organization (WHO) declared COVID-19 a pandemic on March 11, 2020. While no one can accurately predict the long-term effects of COVID-19, many have already felt the effects of the disease, and have been left wondering about its impact on global manufacturing and distribution sectors. As it stands, 75% of companies worldwide have reported supply chain disruptions as a result of COVID-19, according [...]
The retail world was rocked last year when the Supreme Court of the United States authorized states to tax remote sales in South Dakota v. Wayfair, Inc. (June 21, 2018). There have been significant changes in state sales tax collection requirements since the decision, and many impact Canadian businesses that sell into the United States. (more…)
Few industries have been left unscathed by the break-neck pace of change that has defined the 21st century. Businesses have had to find ways in which they are able to future-proof themselves by constantly evolving to meet the changing needs of customers and partners. (more…)
Over the last few decades manufacturing has changed profoundly, in response to factors that include: the opening up of world markets, the economies of Cloud-based computing, and the global adoption of ERP and Industry 4.0 applications. With the strategic introduction of connected, digital technologies, manufacturers open themselves up to enormous rewards – but they also expose their companies to brand new areas of risk. [...]
Metal fabricators succeed when they can provide a high-quality product using efficient production processes. But increasing customer demand for a diverse product mix, material, and labor costs are putting a strain on manufacturers’ profitability. (more…)
If I had ever, in my youth, invented an acronym, I believe it would have been ‘GARR’. GARR represents the repetitive processes that countless financial workers have suffered through since the invention of…well…finance. Finance, almost by definition, requires attention to detail, and for a finance worker, the details are in the data. And if you rely on data, then somebody needs to GARR: (more…)
A recent study out from PwC in November 2018week shows R&D spending by companies reached record levels in 2018—a good sign for the future. The study looks at the 1,000 public companies around the world that spend the most on R&D, and found a hefty 11.4% jump from 2017, to a record-high $782 billion. The question is, will your business join them and embrace change as a benefit? It [...]
It’s a fascinating time to be in finance, especially for those of us who enjoy a challenge, change, and personal growth. For those who don’t, the way ahead could be tough. Industry 4.0 becomes the prevailing paradigm for manufacturing, finance, new technologies, collaborations and new ways of thinking need to be embraced. (more…)
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