How late is too late to replace equipment?
When is the optimal time to replace equipment? There are many factors to consider when making that decision, and it’s usually not an easy one to make. No wonder why so many businesses in the access and construction industries put the decision off until their equipment decides for them by way of some catastrophic failure. On one hand, businesses that do this may think they’ve gotten every bit of productivity and utilization they can...
Major update regarding the new Tax Law
IRS Releases Final Regulations Under Section 199A (20% Deduction) It’s been over a year since the Tax Cuts and Jobs Act has been passed, and the IRS is providing the final pieces of clarity of the infamous section 199A deduction which allows you to not pay tax on 20% of the Qualified Business Income. In previous articles and publications we have taken each individual proposed regulation or finalized regulation and defined it in order...
Tips for keeping Warehouses and Distribution Centers Safe, Compliant, and Productive
As regulations change and warehouse requirements become more complex, partnering with an expert can help to ensure durable, cost effective, compliant storage rack While it was once common for the majority of warehouse managers to purchase standard storage racks that could be “quick-shipped” from rack manufacturers’ stocked inventory, this is occurring less often as racking becomes more specialized and regulations stricter. Today,...
A key CEO Priority: Enable great Customer Experiences to drive Customer Loyalty with Business Growth
How to create great Customer Experience in an era of slowing growth is one of the top of mind concerns for senior executives and CEO’s today. Customer Experience is the customer’s assessment of the total quality of interactions, ease of interactions, and ultimate decision to purchase, abandon, or repurchase the organization’s offered goods and services throughout the entire buying cycle. A great customer experience leads to highly...
The three Values of Great Leaders
Are you a V.I.P. Leader? Leadership is an overused word. There are a lot of managers in companies, but very few leaders. Even the ones that call themselves leaders possess attributes that leave much to be desired. Great leaders have a few qualities that make them special and make the companies they lead extraordinary for people and profits. So what is the definition of leadership? Great leaders are not the people that you’re...
Hydrogen Energy gains steam
Interest in hydrogen-powered fuel cells for transportation and machinery applications appears to have kicked up of late, with several companies announcing major developments. Hydrogen Batteries for Spanish Port. The Port of Valencia in Spain in January said it is readying to implement a planned €4 million pilot project to power container-manipulating machinery with hydrogen batteries. The seaport, the biggest in Spain, and one of the...
Service Productivity
So, how’s business? At the outset of 2019 all of the available data that I could find portended some economic softening throughout this year. The MHEDA Journal issue for the first quarter even asked dealers to compare their current business climate with what was happening just prior to 2008. That could be a daunting exercise. Who wants to go back to 2008? I remember that as a painful time. As disquieting as it may be to relive...
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