Displaying items by tag: Sponsored Content

Friday, 31 July 2020 12:27

Michigan’s Road to Top Ten

When things seem uncertain, there’s no substitute for a great plan. After a decade of recovery following the Great Recession, Michigan’s economy is imperiled by COVID-19-related business closures and layoffs. How our state responds will define us for a generation.

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In the wake of COVID-19, litigation is on the rise, and with that, escalating costs. Electronic discovery (“eDiscovery”) is often the most expensive component of litigation. As we use more technology in our daily lives – computers, cell phones, email, smart watches, smart home devices, etc., the amount of data we are creating is growing exponentially. When litigation strikes, that data now must be collected, reviewed and potentially produced.

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Many of the safeguards required by Executive Order 2020-114 involve screening employees and visitors prior to entering a workplace. For facilities with relatively low entrance/exit counts, screening requirements may be no more than a minor inconvenience. However, facilities like manufacturers with a labor model based on shiftwork have different needs, necessitating quick and efficient screening of large numbers of employees before they begin work.

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The COVID-19 pandemic has sent shockwaves through global manufacturing and supply chains, forcing business leaders to reconsider the resiliency of their operations. This represents a shift from the recent emphasis on production and distribution efficiencies alone. Predictive intelligence, agility toward crisis response, and the successful application of smart devices throughout manufacturing and distribution processes have taken new precedence.

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While the COVID-19 pandemic has sent the global economy reeling, it also forced many manufacturers to reexamine the foundations and principles their businesses were founded upon.

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As COVID-19 continues to disrupt companies across the nation, numerous small businesses have turned toward the Paycheck Protection Program (PPP) for relief. However, while the program has proven immensely popular among small businesses, banks have been overrun with applications — creating a roadblock for small businesses to receive the funds at a time when they need them the most. 

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While we’ve all been anticipating what the “new normal” might look like post COVID-19, many commercial real estate investors in West Michigan are optimistic about opportunities ahead.  In the short-term, the focus will be on assisting existing tenants; however, wise investors can look forward to new real estate opportunities in a market that remains well positioned for long-term success.

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The current pandemic has forced us to redefine our work’s space, schedule, and processes. Bedrooms, living rooms, and unused corners of the basement have become our new offices. Kitchen counters, dining room tables, and pieces of plywood on sawhorses are our new desks. Our schedules have evolved as we try to rebalance work and family life without children heading to school. Even quick collaborations at the printer have been replaced with texts and Zoom meetings.

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When life and business get turned upside down, it's natural to go into "hunker down" mode. It's understandable to want to cut all expenses and anticipate the worst. None of us should feel bad about these very valid (and sometimes practical) reactions.

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Business as usual is anything but these days given the unprecedented challenges created by the COVID-19 crisis. Nonetheless, a number of technologies are enabling businesses to continue operating — even if it means working differently. The cloud is one of them. 

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