Shoe Production Set for Cross-Border Trek as China’s Labor Costs Rise

Shoe Production Set for Cross-Border Trek as China’s Labor Costs Rise

The US footwear market is heavily dependent on Chinese sourcing; as of 2018, the country accounted for 53% of all footwear imports. While this makes China the largest provider of footwear to the US, China’s market share has been falling from a 2010 peak of 76%.


Embracing Electric Cars Around the Globe

Embracing Electric Cars Around the Globe

As climate change grips the globe and car sales in dominant markets begin to slump, numerous countries are embracing the novelty of all-electric personal vehicles – some more so than others. With purchase assistance coming in the form of government-subsidized credits, will electric vehicles overtake traditional internal-combustion-engine-driven vehicles?


Bikesharing: Boon or Bane for Bike Shops?

Bikesharing programs have grown in popularity in recent years and are sweeping cities across the nation as an environmentally friendly form of public transportation. Their presence certainly sparks interest in cycling among a demographic far-removed from bicycles in their daily lives, but will traditional bike sales benefit or be cannibalized by a new rental industry?


Airbnb Finds Competition in an Unlikely Place

Airbnb Finds Competition in an Unlikely Place

Airbnb has quickly grown from a novel idea to rent air mattresses to strangers for a night to a major player in the lodging and travel industry, and the growth has caught the attention of numerous parties.


Car Subscriptions on the Rise, but Face Serious Roadblocks

Car Subscriptions on the Rise, but Face Serious Roadblocks

Quick question: what products can you sell as a service? Clothing? Check. Furniture? Check. Music? Check. Cars? Yes indeed. Even Americans’ love affair with vehicle ownership is going by the wayside – or so it seems. Proclamations of the end of personal car ownership are in vogue. Car subscription services – where consumers pay a fixed monthly fee to drive a vehicle they are renting – are one of the innovative services aiming to liberate us all from the responsibility of ownership. However, the prospects of car subscriptions as a mass-market mobility service appear limited.


Key Trends in the US Aircraft Industry

Key Trends in the US Aircraft Industry

The US civil aircraft industry is projected to continue growing through 2023, with shipments expected to reach a nominal value of more than $100 billion that year. In part, the growing volume of aircraft assembled in the US by Airbus will help boost output. That and other key trends in the US industry are outlined below.


Two Reasons Body Shop Firms Keep Getting Bigger

Two Reasons Body Shop Firms Keep Getting Bigger

In February 2019, Caliber Collision acquired ABRA Auto Body & Glass, and the new company is expected to operate over 1,000 locations in the US. This acquisition (which was predictable) is emblematic of the market share gains that the “Big Four” body shops – ABRA Auto Body & Glass, Caliber Collision, Gerber Collision & Glass, and Service King – effected over the last decade.


Fiduciary Quandary: States Rewrite the Rules on Who’s a Fiduciary

Fiduciary Quandary: States Rewrite the Rules on Who’s a Fiduciary

After the US Department of Labor’s Fiduciary Duty rule was struck down by a federal appeals court in 2018, the federal government has yet to issue another iteration of the rule. However, a handful of states are attempting to create a robust standard.


Consulting Services Face New Competitive Threat

Consulting Services Face New Competitive Threat

Long dominated by massive firms cloaked in secrecy, the model and value of consultancy services delivered by the likes of McKinsey and EY is being challenged. Startups are competing with lower-tier consultancies by making consulting an option for companies that would otherwise be unable to afford it.


Waning Memory of Financial Crisis Brings Less Stringent Regulations

Waning Memory of Financial Crisis Brings Less Stringent Regulations

Legislators and regulators around the world strengthened financial regulations following the 2008 financial crisis that helped cause the 2009 global recession and contributed to the severity of the 2007-2009 US recession. However, as the financial crisis recedes from memory and as some participants in the banking industry voice complaints that regulations are preventing them from lending more aggressively, Congress and regulatory agencies have taken steps to curtail some regulations.