If you don’t invest in risk management, it doesn’t matter what business you’re in, it’s a risky business. - Gary Cohn, American Business Leader IBM
2020 taught us two distinct things: organizations are capable of adapting to monumental change, and identifying and eliminating risks must be a central focus for survival. A risk management plan does not need to be extensive and complex. It does, however, need to be approached with a proactive mindset rather than a reactive one.
I remember my mom would make sure I had a quarter in my pocket in case I had to make an emergency call while out with friends. The quarter obviously for the payphone. Do you remember using the payphone? How about when watching your first music video? MTV was a big thing back in the early 80s. Some of us can remember those firsts in our culture yet for some of our colleagues, that transition from “how it was” to “how it is” did not happen. It just always was.
This is an original article from Fast Radius.
Most are well-acquainted with additive manufacturing (AM) — as a rapid prototyping tool, at least. And while many companies believe and perpetuate the myth that AM is only a prototyping tool, innovators in a range of markets (e.g., aerospace, healthcare, consumer goods and more) are already using AM for production-grade manufacturing when design, performance and cost factors align.
Say what you want about 2020, but it forced each of us to push our personal and professional boundaries of accepting change and quickly adapting to our new reality. One of the greatest lessons we should take away from this year is that we are capable of accelerated change when forced to do so. We now know that we are capable of rapid change and it will be the norm in our professional lives moving forward. We now must embrace change more quickly than ever. With industry 4.0 and the Industrial Internet of Things (iIOT) on our doorstep, we have the opportunity to make the greatest leap forward in manufacturing in 2021 that we have seen in 50 years.
An original article byScott Cruz from Greensfelder.
On March 23, 2021, Illinois Gov. J.B. Pritzker signed into law Senate Bill 1480, the Employee Background Fairness Act. This impacts certain Illinois employers because it imposes new reporting and registration requirements concerning employee demographics and pay under the Illinois Business Corporation Act (IBCA) and the Illinois Equal Pay Act (IEPA), and creates new whistleblower anti-retaliation protections under the IEPA. The amendments take effect immediately.
One of IMEC’s newest board members Marcia Ayala sat down with us (virtually) to tell us a little bit more about herself. Ayala is the President of Aurora Specialty Textiles Group, Inc., a textile processing operation right here in Illinois that has been around since the 1880s.
Knowledge transfer for new employees is often the bottleneck to effective and efficient onboarding and can be a major source of downtime when the right knowledge is unavailable on-site. The RealWear HMT-1 provides solutions to these problems, and more, in an intuitive and safe way.
The days of traditional and organic relationship building stopped abruptly in 2020, and the effects are still lingering in 2021. In person meetings were canceled, and virtual meetings took place. Casual run-ins with coworkers at the water cooler stopped, and the way we meet new customers has been altered dramatically.
As a business leader, are you searching for an environment where high levels of collaboration and innovation meet speed and flexibility to drive your business forward? Although we all want to get there, it seems like that environment is either too difficult to achieve, or when you finally get there, even more difficult to sustain.