BDO

Ongoing disruptions in the Red Sea and Panama Canal have reinforced the need for manufacturers to have a comprehensive supply chain strategy.

An overreliance on mini-bids to keep freight costs down has become detrimental to the shipper/carrier relationship and fails to produce the expected cost savings.

Manufacturers need to focus on retaining customers, which will require adapting business models to meet changing customer needs and behaviors in the post-Covid-19 world.

Yet only 5% are ready to execute, BDO Benchmarking Survey finds.

Hackers unleashed a complex attack on the internet through common devices like webcams and digital recorders and cut access to some of the world's best known websites on Friday, a stunning breach of global internet stability.

According to a recent report from BDO USA, an accounting and consulting organization, manufacturers' intellectual property, supply chain data and products have become prime targets for cyber criminals.

The 2016 BDO Manufacturing RiskFactor Report examines the risk factors in the most recent 10-K filings of the largest 100 publicly traded U.S. manufacturers across five sectors including fabricated metal, food processing, machinery, plastics and rubber, and transportation equipment.

Findings suggest manufacturers are racing to innovate amid industry consolidation and fierce competition.

The MPI Internet of Things Study was conducted by The MPI Group, and sponsored by Rockwell Automation, QAD, and BDO with 350 manufacturers participating in the study during August and September 2015.

The MPI Internet of Things Study, sponsored by BDO, indicates 49% of manufacturers are unsure or not confident in their ability to prevent a cybersecurity breach at their company, and 84% are not planning to take tax credits available for IoT investments.

Skilled worker shortage concerns heightened by industry growth.