Manufacturers have a lot on their minds, from maintaining operations and adapting business models to navigating supply chain and workforce issues. The CARES Act was enacted in March in an effort to lessen the economic hit taken by Americans and their businesses. The legislation continues to evolve alongside the effects of the COVID-19 crisis. To
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For merchandise entered into commerce after July 1st, the North American Free Trade Agreement (NAFTA) rules no longer apply. After almost 27 years of trading under NAFTA, the U.S. Customs and Border Protection (CBP) has implemented the United States-Mexico-Canada Agreement (USMCA). The new trade legislation has largely had bipartisan support, with all in favor of
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Take a moment to think about your primary business goals as a manufacturing company. It’s likely your goals align with other manufacturers and are along these lines: lean manufacturing to improve financial performance and continuous improvement to stay in line with a competitive, global market. But both going lean and improving efficiency can come with
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In 2016, the Financial Accounting Standards Board (FASB) issued new guidelines for the way businesses of all sizes and industry types handle lease accounting to increase transparency and disclosure of lease transactions. The new accounting standard update, ASU 2016-02, Leases (Topic 842), (ASU) affects any businesses that lease assets. As leasing is critical to success
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