If you’re the owner or manager of a South Carolina business, you are almost certainly aware of the financial exposure involved when an employee files a workers’ compensation claims for injuries suffered on the job. On-the-job injury can obviously cause lost production time and great concern over…
It’s nothing short of overkill to hear that bad safety practices can have negative side effects on the success of any businesses. The driver for being safe, and the repercussion for not being safe are one in the same; cost. Now, before any passionate reader out there…
The term logistics has been around for quite some time. One of the first mentions of the field was by Alexander the Great, who said, “My logisticians are a humorless lot, for if my campaign fails they are the first I shall slay.” Over the years, the…
One can’t attend an economic development forum, technical college recruitment, or any chamber of commerce meeting without hearing the mention of high paying jobs in South Carolina. I’ve heard comments like, “Attend a trade school; get a two-year degree in welding and you can make $80K…
The U.S. Air Force departed Donaldson Air Force Base 53 years ago. Since that time, the aviation industry in this area has seen significant growth as demonstrated by the establishment of Lockheed Martin’s Aircraft and Logistics Center (MRO) facility in 1997. However, never in the history of…
Being a bunch of what some would consider “Quality Dorks”, we’ve been abuzz since the Spring of 2013 with anticipation of the changes to the most widely adopted international management system standard in the world – ISO 9001. If you’ve done business in manufacturing over the past…
Although the Charleston-based pharmaceutical company, PharmRight, is nearing the day its cloud-connected pillbox, Livi, will hit the market, the product will be manufactured in Maine, not South Carolina. In February, the company signed a deal with Enercon, a Maine company, to manufacture the dispensers. Randy Parker, CFO…
The United Kingdom has voted to leave the European Union (“Brexit”), and the UK’s Prime Minister has announced his resignation effective October 2016. The outcome of the Brexit vote surprised many in Britain and around the world, creating political instability in the UK, a precipitous drop in…
The U.S. Department of Labor (“DOL”) has released a much anticipated Final Rule updating its regulation that defines the Fair Labor Standards Act (“FLSA”) overtime exemptions for Executive, Administrative, Professional, and Highly Compensated Employees. According to DOL, the Final Rule extends overtime pay to an estimated…
If you operate a small to mid-sized manufacturing enterprise (SME), how are you going to grow revenue and earnings? Every company relies on organic growth of their core products. For most that is typically not enough to sustain the business long term. Geographic expansion and acquisitions can…