manufacturing

Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures
Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures
September 21, 2023  |  Economy

The Philadelphia Federal Reserve’s September Manufacturing Business Outlook Index offers up a monthly survey of manufacturers’ current business conditions and their outlook on what’s to...

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Factory Order Data Underscores Need for Robust Inventory Management — and Financing
Factory Order Data Underscores Need for Robust Inventory Management — and Financing
September 05, 2023  |  Economy

The U.S. Commerce Department said Tuesday (Sept. 5) that orders for U.S. manufactured goods were down in July, by 2.1%, a reversal from four straight...

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Manufacturers See Real-Time Payments Replacing Checks
Manufacturers See Real-Time Payments Replacing Checks
August 24, 2023  |  Real-Time Payments

The manufacturing sector is quickly recognizing the value of real-time payments. Most manufacturers now deem real-time payments vital for business, with 61% holding this view...

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86% of Manufacturers Say Real-Time Vendor Payments a 2024 Priority
86% of Manufacturers Say Real-Time Vendor Payments a 2024 Priority
August 09, 2023  |  B2B Payments

Manufacturers increasingly prefer real-time payments for their business-to-business (B2B) payments. More than 99% of firms have opted for this instant and secure payment method for...

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Over Half of Retailers and Manufacturers Investing to Modernize Procurement Processes
Over Half of Retailers and Manufacturers Investing to Modernize Procurement Processes
July 31, 2023  |  Digital Payments

Here on the other side of the pandemic, industry verticals that are modernizing through digital payments transformation are seeing the payoffs across functions including accounts...

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CADDi Raises $89 Million to Expand Procurement Platform and Cloud Service
CADDi Raises $89 Million to Expand Procurement Platform and Cloud Service
July 05, 2023  |  Supply Chain

CADDi has raised $89 million in Series C funding for its solutions for the manufacturing sector. The company will use the new funding to enhance the...

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Shein Expands Global Presence and Diversifies Supply Chain With Locally-Sourced Products
Shein Expands Global Presence and Diversifies Supply Chain With Locally-Sourced Products
June 22, 2023  |  Retail

Fast-fashion retailer Shein reportedly plans to enhance its market presence in Europe and Mexico. The company aims to expand its offering of locally manufactured products,...

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Digitizing Procurement Top Priority for More Than Half of Manufacturers and Retailers
Digitizing Procurement Top Priority for More Than Half of Manufacturers and Retailers
April 18, 2023  |  Supply Chain

The supply chain nightmares of 2021 and 2022 are fading, in large part due to payments modernization undertaken since those dark days to make sure...

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Contractors May Move to Modernize as Manufacturing Boom Spurs Construction Demand
Contractors May Move to Modernize as Manufacturing Boom Spurs Construction Demand
April 14, 2023  |  B2B Payments

Government incentives are spurring nationwide industry investment as manufacturers race to find space to fulfill demand.  As first reported last week (April 8) by the Wall Street...

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