A decade ago, Bitcoin was worth less than a penny. Now, Bitcoin has experienced a boom that has many excited about the cryptocurrency and has put blockchain, the main technology behind it, in the spotlight. Blockchain is increasingly used in a variety of businesses, and Gartner reports that “60% of CIOs expect to adopt blockchain…
The pandemic has caused a number of disruptions to the global supply chain, including short-staffing among truck drivers, item shortages, and transportation disruptions. With the holiday shopping season fast approaching, there is even more potential for supply chain issues to create problems for consumers. For advice on how to make holiday shopping go as smoothly…
The coronavirus (COVID-19) pandemic is having a resounding effect around the globe, and the manufacturing industry is no exception. Disruption from the virus has impacted supply chains and operations in many sectors of manufacturing. In a recent article for BDO United States, authors Jeff Pratt and Sean Murphy offer a helpful summary of the specific…
In the heavy equipment manufacturing industry, disruption is the new norm, writes Todd Hinz in a recent article for BDO U.S. Rapidly developing technologies and constantly shifting policies mean that the change never ceases. So how can players in the construction industry keep up? Hinz suggests a number of tactics for equipment manufacturing businesses seeking…
A recently released BDO study on board compensation offers insights into the compensation practices for 600 mid-market public companies. Some takeaways include: • Board responsibilities are increasing—and so is director compensation • As compensation increases, so does scrutiny of said compensation • Pay for board directors saw a 3% increase between 2017 and 2018 •…
An organization’s path to Industry 4.0 may be winding or direct, depending on where they are in the Industry 4.0 maturity model. But regardless of digital maturity, companies can avoid speed bumps by tackling tax considerations and opportunities at the onset of their Industry 4.0 journey and reevaluating them at each turn in their transformation…
Please check out this interesting infographic produced by our affiliated accounting firm, BDO and contact cash flow and tax saving expert, Tony Perricelli, CPA at 803-753-5244 or tperricelli@scottandco.com with any questions. Manufacturers, keen to digitize their operations, are partnering with private equity to fuel Industry 4.0. With a bright outlook for manufacturing’s future, what is…
