July 29, 2016
Every two weeks we will share some of the best articles we’ve found that cover the most pressing topics in business, finance, tech and more. Follow along on a daily basis with our Twitter account @Vendavo and on our LinkedIn company page.
Thanks to an odd calendar we get 3 Social Round Ups in July! As you may have noticed, there were a few important conventions the past two weeks—and they couldn’t have been more different. Since there seems to be concern about whether to be optimistic or scared about the future, we found an example of each—with a little something extra to round out this edition’s 3 spotlight pieces.
Synopsis: The Brexit vote has left UK CFOs rattled and concerned about the future. Deloitte recently completed its Q2 2016 CFO survey and found a drastic decrease in optimism about financial prospects. The survey also confirmed that priorities are shifting towards being more defensive.
Key Quote: “CFOs do not seem to be waiting for growth to slow before adjusting direction. There has been a marked shift to more defensive balance sheet strategies in the wake of the referendum…” – Ian Stewart, chief economist at Deloitte.
Synopsis: Manufacturing touches so many industries it’s no surprise the effect it has had on the US economy. While it is commonly believed China is the world’s manufacturing powerhouse, the US has been steadily rising in prominence since the 2008 financial crash. In this article, you can find an infographic with 15 facts about manufacturing “that can’t be ignored.”
Key Quote: “The most recent data shows that manufacturers have contributed $2.17 trillion to the U.S. economy compared to $1.7 trillion in 2009.”
Synopsis: It is important to note that there was significant economic pressure before the Brexit vote. One way of easing the pressure, which many executives appear to be ignoring, is preserving or improving margins. This report shows that organizations reporting growth ahead of market expectations are more likely to emphasize the importance of margins.
Key Quote: “Despite strong evidence that a lack of insight into margin is damaging shareholder value and the financial health of organizations, more than a third of senior executives would not know how to bring about an improvement in margins.”
For a look at previous editions of the Social Roundup click here and be sure to check back in two weeks for more updates!