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Discover Act 60 and Its Tax Incentives for Moving Your Business to Puerto Rico

Savvy business owners and operators are always looking for ways to keep more of their revenue, and reducing taxes is a great place to start. Because your location plays such a central role in the taxes you pay, you may find yourself looking for a business-friendly spot for your operation. This might be especially true if you’re running a business in one of the 10 worst state tax climates in the U.S., as ranked by the Tax Foundation’s State Business Tax Climate Index. The list takes into account a number of different factors—including corporate, property, sales, and unemployment taxes—and rates how well states structure their […]

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Industry Update: The Rise of Electric Semis, Trucks, and Vans—Despite Challenges

With sustainability initiatives popping up all over the transportation and logistics industry, it’s only natural that attention would turn toward over-the-road transportation and its diesel emissions. While diesel-powered medium- and heavy-duty vehicles represent only 5% of road traffic, they account for more than 20% of emissions. Additionally, truck traffic in and out of busy ports like the Ports of Los Angeles and Long Beach contributes to overall emissions, which have been linked to higher incidences of cancer and asthma in surrounding areas. Recent advances in electric vehicles—including semis, box trucks, and delivery vans—offer the transportation industry an appealing alternative. Some of the industry’s biggest names […]

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Industry Update: Retailers Look to Micro-Fulfillment for Last-Mile Savings

eCommerce enjoyed explosive growth in 2020, with a 44% year-over-year increase from 2019, according to an estimate from the research organization Digital Commerce 360. While a great deal of that spike was due to the COVID-19 pandemic, online retail was on a continual rise long before reports of COVID emerged. Case in point: Estimates from Digital Commerce 360 report that online sales growth of 15.1% from 2018 to 2019. As demand for online retail has increased, so have customer expectations. A 2020 survey from software company ShipStation revealed that two out of three consumers expect free shipping options from brands, especially in light of the […]

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Insights from the Pandemic: Reshoring, Nearshoring, and the Future of Supply-Side Strategies

Supply chain vulnerabilities are high in the minds of many leaders in both the public and private sectors. On February 24, 2021, President Joe Biden set in motion a 100-day government review of potential vulnerabilities in U.S. supply chains, centered around critical items including medical gear, batteries for electric cars, and computer chips. Additionally, a private-sector research report showed that 73% of companies surveyed were hit with some kind of supply-side challenge during the COVID-19 pandemic. Going forward, it’s clear that suppliers will be a big focus for supply chain managers looking to build more flexibility into their operations. In this installment of our Insights […]

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Supply Chain Management: Planning—and Why It’s Critical for Hawaii Businesses

At the heart of every business that delivers a product to its customers, you’ll find its supply chain. Managing your supply chain so that it operates smoothly, efficiently, and cost-effectively is essential to both the health and long-term survival of your organization. When you dive down into the nitty-gritty of supply chain management, it might feel like there are as many models as there are types of businesses. To keep it simple, we like to use the Supply Chain Council’s supply chain operations reference model (SCOR), an industry-standard that breaks down supply chain management into five parts: Plan Source Make Deliver Return In this first […]

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Industry Update: Cyberattacks on Supply Chains and Logistics Are on the Rise

Does your organization have a solid plan in place to prevent and respond to cyberattacks? If not—or if you haven’t examined your plan in a while—now is the right time to make it a priority. According to both the FBI and Interpol, cyberattacks are on the rise. Since the start of the COVID-19 pandemic, the FBI has received between 3,000 and 4,000 cybersecurity complaints per day, three to four times the previous average of around 1,000 daily. Additionally, on the international side, Interpol has reported an “alarming rate of cyberattacks” during the pandemic. The agency also revealed that these attacks have shifted from individuals and […]

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