Financial experts to examine the shifting dynamics of globalization at Automation Alley’s ‘Global Economic Outlook for 2020 and Beyond’ on January 16

TROY, Mich. — December 13, 2019 — Automation Alley, Michigan’s Industry 4.0 knowledge center and leading technology and manufacturing business association, announced it will host its annual Global Economic Outlook for 2020 and Beyond on Thursday, Jan. 16, 2020, from 8-11:30 a.m. at its Troy headquarters, 2675 Bellingham. At the event, a panel of financial and business experts will address projected trends and identify industries that will either benefit or be challenged by globalization in the short, medium and long terms.

James E. Glassman, managing director, JPMorgan Chase & Co. and head economist at Chase Commercial Banking, will deliver the keynote on future business and the overall economic outlook. Other presenters include Chris Holman, founder and CEO of Michigan Business Network, who will speak on Michigan’s Future Business Index, and Tim Finerty, CPA, shareholder at Clayton & McKervey, who will provide an update on global free trade. A panel discussion by Elena Stegemann, COO, McCreadie Group, Inc., and Gianluca Romano, president of Americas, MIC Customs Solutions, will consider the opportunities and challenges of doing business overseas. Noel Nevshehir, Automation Alley’s director of International Business Services, will moderate the session.

“This event is designed for business managers and industry leaders who watch trends and want solid information on the state of the global economy in order to strategically plan for 2020 and the future,” Nevshehir said. “With the U.S. now in its 10th year of economic growth, the economy in general is strong; however, there are global factors, such as tariffs, geopolitical risks and trade that could allay ongoing progress for our country, state and region.”

Topics will include the U.S.-China trade dispute, Brexit, the current and future state of our nation’s trade agreements with major trading partners and the impact of the upcoming U.S. presidential election. Closer to home, topics will examine how these and other factors will affect Michigan’s business climate, especially automotive, defense and other advanced manufacturing and high-tech industries. An audience Q & A will conclude the event.

There is a charge to attend. To register, or for more information, visit the Automation Alley website, or call 800-427-5100 or email info@automationalley.com. A light buffet breakfast will be served before the presentations.

About Automation Alley
Automation Alley is Michigan’s Industry 4.0 knowledge center, with a global outlook and a regional focus. Our programs give companies a competitive advantage by helping them along every step of their digital transformation journey. We obsess over disruptive technologies like AI, the Internet of Things and automation, and work hard to make these complex concepts easier for companies to understand and implement. As a nonprofit technology and manufacturing business association, we connect industry, academia and government to fuel Michigan’s economy and accelerate innovation.

Our Mission
The mission of Automation Alley is to position Michigan as a global leader in Industry 4.0 by helping our members increase revenue, reduce costs and make strategic decisions during a time of rapid technological change.
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Head Economists from Federal Reserve Bank, JPMorgan Chase to speak at Automation Alley’s Global Business Outlook for 2018 and Beyond, Jan. 11

Automation Alley, Michigan’s leading technology and manufacturing business association, will host its annual Global Business Outlook event on Thursday, Jan. 11, from 8-11 a.m., at its Troy headquarters.

The 2018 event will be keynoted by Paul Traub, senior business economist with the Federal Reserve Bank of Chicago’s Detroit Branch, and John Caldwell, executive director of JP Morgan Chase. In addition, Pavan Muzumdar, Automation Alley’s chief operating officer, will speak about Industry 4.0’s impact on the global economy.

The event will focus on the shifting dynamics of the global economy and how companies can best position themselves to take advantage of the opportunities and challenges of doing business in the U.S. and overseas. Speakers will also examine projected trends in two-way trade and investment flows and identify industries that will either benefit or be challenged by globalization in the short, medium and long terms.

“This is a must-attend event for business and industry leaders looking to gather information on the state of the global economy, examine trends and plan accordingly,” said Noel Nevshehir, Automation Alley’s director of international business services. “For the first time in recent memory, the world economy is running on all twelve cylinders. But this optimism may lull us into a false sense of complacency. While there are plenty of bright spots out there, we can’t ignore geopolitical blind spots that could derail global growth such as North Korea and Iran or, domestically speaking, an overheated stock market correction.”

Topics will include the impact of interest rate hikes on the world economy, the bid to renegotiate free-trade agreements, deregulation, tax reform, health care, potential stock market corrections and geopolitical risks, including China, Iran, North Korea and Russia.

Closer to home, the event will highlight how these and other factors affect Michigan’s business and industry climate, especially the automotive and other advanced manufacturing industries.
The event includes breakfast and networking and there will be time for an audience Q-and-A following formal presentations.

Automation Alley Headquarters is located at 2675 Bellingham in Troy.

For more information, or to register, visit automationalley.com or contact Automation Alley at 800-427-5100 or info@automationalley.com.


About Automation Alley
Automation Alley is Michigan’s leading nonprofit technology and manufacturing business association, connecting industry, academia and government to fuel Southeast Michigan’s economy and accelerate innovation. Automation Alley focuses its efforts on innovation and technology, entrepreneurship, talent development, defense and international business, providing knowledge, resources and funding to help members grow and prosper in the digital age. The mission of Automation Alley is to position Southeast Michigan as a global leader in Industry 4.0 by helping our members increase revenue, reduce costs and think strategically as they keep pace with rapid technological changes in manufacturing.

 

American Society of Employers’ (ASE) Quarterly Economic & Employment Survey results for third quarter see ongoing positive business outlook for Michigan

Livonia, Mich. —Dec. 14, 2015 — The American Society of Employers (ASE), one of the nation’s oldest and largest employer associations, has released its 2015 Quarterly Economic & Employment Survey – Third Quarter results. The news is good for Michigan, with the majority of respondents seeing the state’s business climate remaining stable or improving in the next six months.

Highlights of ASE 2015 Quarterly Economic & Employment Survey – Third Quarter:
• The percentage of Michigan employers who believe their business outlook will improve over the next six months remains in the mid-thirties, while 55% of employers see their six-month outlook remaining stable.
• In keeping with an overall positive outlook, 85% of Michigan employer respondents are expecting to increase or keep their hiring levels consistent over the next six months. Only 7% expect to freeze hiring and 8% are planning to decrease hiring.
• The voluntary turnover percentages reported in the third quarter are among the highest seen by ASE in all of 2015 – further confirmation that Michigan employers are hiring.

The ASE 2015 Quarterly Economic & Employment Survey – Third Quarter findings were announced by ASE President and CEO, Mary E. Corrado.

“When it comes to the Michigan business climate these survey finding reflect more of the same, and that’s a very good thing,” Corrado said. “The high voluntary turnover rate also points to corresponding high levels in hiring, meaning the opportunities for Michigan job seekers with the right skills are plentiful now.”

Background information on the ASE 2015 Quarterly Economic & Employment Survey – Third Quarter
• 131 organizations from across Michigan participated.
• Organizations with one to 500 Michigan employees made up more than 83% of the survey sample, while organizations with 501 to 1,000 Michigan employees represented nearly 7% of the sample. The remaining 10% of the sample come from organizations with over 1,000 Michigan employees.
• A variety of industries are represented, with manufacturing organizations representing nearly 57% of the survey sample. The remaining 43% are represented by trades and services organizations.

To obtain a copy of ASE’s 2015 Quarterly Economic & Employment Survey – Third Quarter, contact ASE’s Compensation and Benefits Surveys department at surveys@aseonline.org or 248.353.4500. This survey is available free of charge to ASE members, and is $525 for non-members.

About the American Society of Employers (ASE) – a Centennial Organization
The American Society of Employers (ASE) is a not-for-profit trade association providing people-management information and services to Michigan employers. Since 1902, member organizations have relied on ASE to be their single, cost-effective source for information and support, helping to grow their bottom line by enhancing the effectiveness of their people. Learn more about ASE at www.aseonline.org.

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December 2: Gov. Snyder’s China Trade Mission Bolsters Businesses, Jobs in Michigan; Outlook Survey Gauges Economic Health of Detroit Region

Gov. Snyder’s China Trade Mission Bolsters Businesses, Jobs in Michigan

Capitalizing on the growing interest of Chinese firms to invest in Michigan, the Detroit Regional Chamber participated in a weeklong trade mission to China with Gov. Rick Snyder in November to promote economic development opportunities in the region.

The Governor met with top executives from numerous Chinese companies in one-on-one business receptions and roundtable discussions, along with government officials in Beijing, Shenyang, Guangzhou, Shanghai and Hangzhou to address Michigan’s economic recovery and Detroit’s exit from bankruptcy. The Governor also signed a memorandum of understanding between the Michigan Automotive Office and Chinese Council for Promotion of International Trade (CCPIT) Automotive Committee. The agreement provides for a U.S.-China automotive forum both at the North American International Auto Show and the Shanghai/Beijing Auto Show.

The trip included several contract signings between Chinese and Michigan companies, including Shanghai Automotive Industry Corp. The company’s STEC USA subsidiary will locate a new headquarters and manufacturing facility in Madison Heights, investing more than $100 million and creating more than 1,000 jobs in the state. These contracts will increase export opportunities from Michigan to China.

As part of the trip, Maureen Krauss, vice president of economic development for the Chamber, helped facilitate meetings with the Governor, the Michigan Economic Development Corporation and several key Chinese prospects to ensure that the Detroit region is front and center for future investment.

Outlook Survey Gauges Economic Health of Detroit Region

With a new year approaching, the Detroit Regional Chamber is seeking members’ input in the 2015 Michigan Economic Outlook Health Check survey. This online survey gathers employees’ perspectives on the economic outlook for their organization, community, region and state. Data collected from the survey will provide valuable feedback for future discussions focused on creating a healthy economic environment conducive to growing businesses in Michigan.

The economic health check is simple and easy to complete in five minutes or less. The deadline to complete the survey is Thursday, Dec. 11. Click here to access the survey.

Learn Secrets of Fortune 50 Companies to Boost Health Care Engagement Among Employees

Join the Detroit Regional Chamber in partnership with the Automotive Industry Action Group (AIAG) at Forward Thinking: Driving Health Care Value through Employee Engagement, an intimate workshop from 8:30 a.m. to 3 p.m. on Tuesday, Jan. 27 at the AIAG headquarters in Southfield.

Speakers include Laurie Cosgrove, manager of health and welfare benefits at Robert Bosch LLC, who will share strategies and tactics that drive health engagement among Bosch’s almost 25,000 North American employees. Also, attendees will hear from associates from ROC Group, whose client list includes McDonald’s, Kraft Foods Group, and PepsiAmericas Inc., on how to communicate health benefits with employees and their families. The workshop provides tools and resources to drive greater employee engagement and satisfaction from a company’s current benefits portfolio.

Click here to apply to be selected for a free registration valued at $250 per person. Space is limited, and only two people per company are allowed to attend. Applications must be submitted no later than Dec.19. Winners will be notified by Jan. 9, 2015.

Plante Moran 2013 Franchising Outlook Reveals Steps Necessary for Success This Year

SOUTHFIELD, Mich. – March 12, 2013 – Plante Moran, one of the nation’s largest certified public accounting and business advisory firms, today announced the release of its 2013 outlook for the franchising sector. The Plante Moran Franchising Outlook assesses the current role of franchising in the economy, and opportunities and challenges for franchisors this year.

“Our 2013 outlook offers perspective on the positive traits of franchising systems and how the sector is well positioned for growth despite the uncertainty of today’s corporate world,” said Mark Fleischer, partner and franchising group leader at Plante Moran. “While we predict the 2013 economy to remain sluggish, the information we provide around key events and how to navigate them will better enable our franchising clients to succeed.”

According to a 2012 survey conducted by International Franchise Association (IFA), eight out of 10 franchisors predict expansion in 2013. In support of this goal, the 2013 Plante Moran Franchising Outlook helps reaffirm franchising is a business model that works despite the uncertain economic environment.

Additional policies and business models uncovered in Plante Moran’s report that can lead to success for 2013 are as follows:

  • Stay true to the needs of your customers by offering services and products for specific demographics
  • Plan now for the impact of the Affordable Care Act (ACA) and its healthcare requirements for individual franchisees once the “pay for play” mandate is enforced
  • Search for alternatives to traditional financing apart from banks such as a Small Business Loan (SBA) or an online match-making site that pairs borrowers with lenders

Entrepreneur Magazine has published a “Franchise 500” list for more than 30 years. Companies on the list added 19,197 franchise units between 2011 and 2012, almost doubling the previous year’s growth. Entrepreneur and the IFA also report anticipated revenue growth in franchising for 2012 at 4.9 to 5.2 percent, which is:

  • On par with the middle market, according to data from the National Center for the Middle Market
  • Impressive when compared to the forecasted 3.5 percent rate of growth for the S&P 500, according to Bloomberg

In addition to Plante Moran’s perspective, the report includes contributions from additional industry experts, including the National Center for the Middle Market, University of Michigan Professor Francine Lafontaine, and Melanie Bergeron, an officer of the IFA and Two Men and a Truck board chair. To access the full Plante Moran 2013 Franchising Outlook, please visit http://www.plantemoran.com/perspectives/outlooks/Documents/franchising-outlook.pdf

About Plante Moran
Plante Moran is among the nation’s largest certified public accounting and business advisory firms, providing clients with tax, audit, risk management, financial, technology, business consulting and wealth management services. Plante Moran has a staff of more than 2,000 professionals in 21 offices throughout Michigan, Ohio and Illinois, with international offices in Shanghai, China; Monterrey, Mexico; and Mumbai, India.

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