Manufacturers who use the Last In, First Out (LIFO) inventory method may be in for an unpleasant surprise in the near future. As the name suggests, LIFO requires that inventory sold be expensed at the most recently purchased/produced price of a unit of inventory on hand at the time of
In a pivotal virtual event, Barnes Dennig, North Side Bank, USI Insurance and the Northern Kentucky Chamber of Commerce recently revealed the results of their 2021 Manufacturing Compensation & Benefits Benchmarking Study that surveyed manufacturing companies from Ohio, Kentucky, and Indiana. The survey collected the responses of 96 local and
New Application Period for TechCred: April 1-30, 2021 How can you boost talent for your manufacturing company? One key way is by utilizing TechCred – an innovative program that reimburses employers for helping employees earn industry-recognized, technology-focused credentials. The next TechCred application period is open as of April 1 and
Introduction To better understand COVID-19’s impact on the manufacturing industry in our region, we surveyed manufacturers across a wide range of industry segments on topics ranging from the impact on their supply chains to how they’ve been able to adapt in a radically changed landscape. Here are the results –
On January 25, 2021, newly inaugurated President Joe Biden signed an executive order titled Ensuring the Future Is Made in All of America by All of America’s Workers, herein referred to as the “Made in America” order. President Biden positions the executive order as part of his campaign
CEO and chief economist of the Institute for Trend Research (ITR) Economics, Brian Beaulieu took the place of his twin brother, Alan Beaulieu, this year to make his first appearance at the 21st Annual Manufacturing Webinar, cosponsored by Barnes Dennig and Huntington Bank. Due to the COVID-19 pandemic,
