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The COVID-19 pandemic has caused deep disruptions throughout manufacturing supply chains, forcing manufacturers and distributors to reevaluate their sourcing and inventory practices as well as the technologies that support them. As the pandemic itself subsides, operations leaders must come to terms with new challenges and opportunities in cost management, labor efficiency, and data management to ensure they meet productivity goals and customer demands moving forward.
The manufacturing and distribution industries have been forever changed by a pandemic that’s created both challenges and opportunities. Supply chains have been disrupted, for example, while demand has surged for a variety of products.
On August 26, 2021, the American Subcontractors Association of Michigan (ASAM) will celebrate the 11th Annual MCOY Award event at the home of the Whitecaps, Lake Michigan Credit Union Ballpark. MCOY recognizes Michigan’s general contractors and construction managers with a track record of best practices, professionalism, and collaboration within the trade contracting community.
Grand Rapids is teeming with innovative people and companies. Young professionals recognize the city as the ideal jumping off point for their careers. Entrepreneurs see the tremendous value in leveraging the ample resources available to bring their ideas to life. And along the Medical Mile, which encompasses an expansive stretch of Michigan Street east of the Grand River and just south of Interstate 196, groundbreaking research is transforming the healthcare industry.
There is no doubt these are challenging times for many businesses and communities. Businesses that did not survive COVID-related shutdowns have left empty storefronts and offices.
For businesses to thrive in 2021 and beyond, they must adapt their business to a new, connected reality – but what many businesses don’t understand are the risks inherent in this new always on, always ready business environment of 2021.
Many businesses are experiencing change due to COVID, with new work patterns and more employees working remote. While change in business is not unusual, it seems to be coming more rapidly now and is causing many companies to rethink their physical space and how to best utilize it.
It’s no secret that the rise of mobile connectivity, digital communication channels and the app economy is changing almost every aspect of modern life. The financial services sector is no different. The impact of technology has banks evaluating mobile and online banking in pursuit of innovative online business services to add convenience and flexibility to customers.
In principle and in practice, the Grand Rapids Chamber believes in the value and power of diversity, equity, and inclusion (DEI). Various reports released in 2020 amidst a global pandemic, mounting racial tension and a divisive political atmosphere prove there is much work to be done.