Welcome!

Oracle Authors: Pat Romanski, Carmen Gonzalez, Elizabeth White, PagerDuty Blog, Jnan Dash

News Feed Item

The Manufacturing Leadership Council Issues Recommendations to Lawmakers to Avoid the 'Fiscal Cliff'

The group of 5,000 senior manufacturing executives urges the President and Congress to take action to sustain the nation's economic momentum and safeguard a healthy manufacturing sector

MOUNTAIN VIEW, Calif., Dec. 11, 2012 /PRNewswire/ -- The Manufacturing Leadership Council (MLC), an organization of senior executives committed to creating a better future for the industry, today urged President Obama and Congressional leaders to avoid the Fiscal Cliff by embracing a series of MLC recommendations that will help ensure economic prosperity in the years ahead.

The manufacturing industry has played a key role in fueling the nation's recovery from the depths of the recent Great Recession—by increasing productivity and innovation, aggressively seeking out emerging markets, and investing in capital equipment and breakthrough technologies. The Fiscal Cliff that now faces the country threatens to undo the gains that U.S. manufacturers have fought for over the past four years. Manufacturers already have seen orders fall, as customers in the U.S. and overseas pull back, due in large part to uncertainty raised by the Fiscal Cliff. As growth slows, manufacturers have had to postpone hiring and capital investments, undermining the nation's economic momentum.

"The Manufacturing Leadership Council is deeply concerned that the impasse in Washington over so-called Fiscal Cliff tax and spending policies could lead to serious economic consequences, including another recession that could damage not only the U.S. economy but the global economy as well, " said David R. Brousell, Vice President and Editorial Director for the MLC. "Given manufacturing's central role in the economy, the MLC is determined to help find a way forward."

Last Thursday, the MLC held a special, open meeting of its members as well as other companies and organizations in the manufacturing industry to discuss and devise recommendations on specific tax and spending policies to avoid the Fiscal Cliff.

The recommendations, which have been sent to President Obama and key members of the Senate and House leadership, are:

* The President and Congressional leaders must negotiate in good faith and with urgency to reach an agreement to avoid the Fiscal Cliff. MLC members favor a comprehensive agreement that addresses entitlement-program cost reductions in a way that sustains these programs over the long term, as well as increased taxes for high-income individuals.

* Policy-makers should look to limit the impact of tax increases on small and mid-sized, family-owned manufacturing companies, which are frequently taxed at individual, rather than corporate tax rates due to their status as S corporations or partnerships.

* Policy-makers should extend the payroll tax cut in order to avoid burdening middle-class families and increasing the likelihood of another recession.

* Policy-makers should increase the bonus depreciation on tangible property and retract the proposed changes to eliminate Safe Harbor for Routine Maintenance. Forcing manufacturers to depreciate these assets over extended periods reduces their incentive to invest in equipment that increases competitiveness and productivity, and reduces the production of large capital equipment.

* Policy-makers should make permanent the Research and Development Tax Credits that are due to expire. These tax credits are the single most-effective element of government's industrial policy, encouraging manufacturers to invest in new technologies that improve productivity and stimulate the economy.

* Policy-makers should avoid reductions in military spending, as such spending supports manufacturing and innovation.

* Policy-makers should allow extended unemployment benefits to expire. This would encourage more qualified workers to seek employment sooner rather than waiting for benefits to run out. However, Council members would welcome extended unemployment benefits in exchange for comprehensive reforms in entitlement spending.

* Specific, scheduled reductions in entitlement spending must be part of the Fiscal Cliff agreement. Policy-makers can no longer defer action on these important reforms, which are needed to reduce government spending and restore confidence in the economy. Among other reforms, policy-makers should consider raising the cap on Social Security withholding, and gradually extending the age for Social Security eligibility.

The MLC encourages other members of the manufacturing community and the nation to raise their voice to help protect the industry's vital role in economic prosperity. For more information, visit www.Manufacturing-Executive.com and www.ManufacturingLeadershipCouncil.com.

About the Manufacturing Leadership Council

The Manufacturing Leadership Council, a unit of Frost & Sullivan, offers an integrated portfolio of leadership networking, information, and professional development products, programs, and services for industrial executives worldwide. The Manufacturing Leadership Council's mission is to help senior executives define and shape a better future for themselves, their organizations, and the industry at large. The Manufacturing Leadership Council's integrated portfolio consists of the Manufacturing Executive website, an online global business network; the Manufacturing Leadership Council, an invitation-only executive organization; the annual Manufacturing Leadership Summit conference; the Manufacturing Leadership 100 Awards program; and the Manufacturing Leadership Journal. For more information, visit http://www.manufacturing-executive.com/index.jspa

Manufacturing Leadership Council members include representatives from companies such as Advanced Micro Devices, AT&T, Baxter Healthcare, Campbell Soup Company, Cisco Systems, Colgate Palmolive, Cummins, Dell, Dow Chemical, DuPont, Eaton, Ford, General Dynamics, Graphicast, Kennametal, Kohler, Lion-Vallen Industries, Lockheed Martin, Oracle, Owens Corning, Procter & Gamble, S&S Hinge Company, Steinwall, Inc., and VirTex Assembly Services.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. 

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.  
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible.  This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.  

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?  

Contact Us:     Start the discussion

Join Us:            Join our community

Subscribe:       Newsletter on "the next big thing" 

Register:        Gain access to visionary innovation

Contact:
Mireya Espinoza
Frost & Sullivan
+1.210.247-3870
[email protected]

SOURCE Frost & Sullivan

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use cases.
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, addressed the big issues involving these technologies and, more important, the results they will achieve. Rodney Rogers, chairman and CEO of Virtustream; Brendan O'Brien, co-founder of Aria Systems, Bart Copeland, president and CEO of ActiveState Software; Jim Cowie, chief scientist at Dyn; Dave Wagstaff, VP and chief architect at BSQUARE Corporation; Seth Proctor, CTO of NuoDB, Inc.; and Andris Gailitis, C...
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by mining large volumes of unstructured data, and how data tracking delivers uptime when it matters most.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impact.
There is no doubt that Big Data is here and getting bigger every day. Building a Big Data infrastructure today is no easy task. There are an enormous number of choices for database engines and technologies. To make things even more challenging, requirements are getting more sophisticated, and the standard paradigm of supporting historical analytics queries is often just one facet of what is needed. As Big Data growth continues, organizations are demanding real-time access to data, allowing immediate and actionable interpretation of events as they happen. Another aspect concerns how to deliver ...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness, and in-car entertainment and this excitement will bleed into other areas. On the commercial side, m...
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science from the University of California, Berkeley.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.