Engineering & construction firms see dual threat in cybercrime and corruption

July 20, 2018
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By Mike Sobolewski and Todd Ranta In the ever-changing threat landscape engineering & construction (E&C) companies must face on a daily basis, one leading threat is relatively new while another is as old as the industry itself. When E&C organizations were asked in PwC’s 2018 Global Economic Crime Survey to name the most disruptive threats […]

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Decline in June housing starts

July 18, 2018
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By Scott Volling Housing starts for June came in at 1,173,000, 11.1% below the consensus of 1,320,000 and 4.2% below last year’s 1,225,000.  Permits did not fare much better, coming in at 1,273,000 which is 4.2% below the consensus of 1,329,000 and 3% below last year’s 1,312,000.  Single family starts were 858,000, fairly proportionate to […]

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Why is 2018 the year of the robot?

July 11, 2018
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By Steve Pillsbury Robots – and automation in general – have been riding a steep maturity curve in the last several years. Adoption rates are up. They’re getting smarter, doing more, and becoming more affordable. The “factory of the future” has become an established buzzword, and the rise of the robots is now conventional wisdom. […]

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Digital champions do not win alone

June 27, 2018
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By Ryan Van-Low, Juliane Stephan, and Steve Pillsbury Transformation of a company’s digital operations isn’t easy and requires companies to build new capabilities. A clear takeaway from our Global Digital Operations Study 2018 is that digital champions are not winning alone – rather, they excel because of their ability to orchestrate complex ecosystems to their […]

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Manufacturing companies are wary of internal fraud

June 21, 2018
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By Bobby Bono and Todd Ranta Today’s organizations face a perfect storm of fraud related risks – internal, external, regulatory and reputational. In PwC’s latest Global Economic Crime and Fraud Survey, we gathered responses from more than 7,200 clients and third-party participants across 123 territories – with more than 800 responses from manufacturing companies – […]

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Strong results for May housing starts, highest level since 2007

June 19, 2018
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By Scott Volling Housing starts for May came in at 1,350,000, the highest level since July of 2007.  This is 3.1% above the consensus number of 1,310,000, 5% higher than last month’s revised 1,286,000, and over 20% higher than May of last year, which was somewhat of an anomaly at 1,122,000.  Importantly, the single family […]

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Do automotive companies take cybercrime more seriously than other industries?

June 15, 2018
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By Ray Telang and Todd Ranta Is fraud on the rise, or just our awareness of it? That is what we set out to learn in PwC’s 2018 Global Economic Crime and Fraud Study. The full study received input from more than 7,000 respondents across 120+ territories, with more than 200 clients and third-party participants in […]

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The manufacturing PMI rebounded in May, highlighting the sector’s strength as well as the ups and downs of trade war rhetoric

June 1, 2018
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By Bobby Bono and Michael Goulet The ISM Purchasing Manager’s Index (PMI) for manufacturing survey increased 1.4 points in May to 58.7.  The increase was driven, in particular, by jumps in New Orders (+2.5), Production (+4.3) and Employment (+2.1).   A likely explanation for the upward swings from the previous two months is that trade war fears eased […]

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Can A&D executives choose to be bold?

May 30, 2018
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By Randy Starr There are a lot of questions around how the United States government will spend its expanded defense budget of $700 billion. Will the Pentagon return to investing in traditional long-term weapons development programs, or will it look to pursue new partners to invest in creative technology solutions? Recent tax reform has led […]

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The shape of things to come: How manufacturers are leveraging technology to gain an edge

May 22, 2018
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By Kenneth Hoganson, Juliane Stephan, and Steve Pillsbury Technology has always been a key lever to improve organizational efficiency and effectiveness.  With the dazzling array of emerging technology entering the market, we set out in our 2nd Global Digital Operations Survey to understand more about what technologies are being implemented and why. In essence, how […]

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