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Category: Procurement Releases

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IBISWorld Launches Fast Tracks

IBISWorld Launches Fast Tracks

At IBISWorld we’re always looking for ways to make your job easier! And, after an overwhelmingly positive response to our proposed redesign, we’ve changed the way you view our website. To fully integrate our proprietary procurement data with a step-by-step sourcing process – while also making website navigation easier and faster – we are introducing […]

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The FOMC Continues its Hold on Rates

The FOMC Continues its Hold on Rates

The Federal Open Market Committee (FOMC) voted to leave the target range for the federal funds rate unchanged at 0.25 to 0.50 percent following meetings on Tuesday and Wednesday of this week. Despite a strengthening labor market, inflation has remained below the central bank’s two percent goal, which underpinned the FOMC’s decision to uphold the […]

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Budgeting for Brexit: The Impact of the UK’s Referendum on US Buyers

Budgeting for Brexit: The Impact of the UK’s Referendum on US Buyers

In a stunning move that sent world markets into turmoil, British voters ignored pleas from their leaders and much of the global political establishment by choosing to sever ties with the European Union. The political and economic fallout was swift and far-reaching, with Prime Minister David Cameron stepping down and US markets tumbling shortly after […]

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New FAA Guidelines Pave Way for Expanding Commercial Drone Sales

New FAA Guidelines Pave Way for Expanding Commercial Drone Sales

LOS ANGELES – June 24, 2016 – After years of patchwork regulation, missed deadlines and ambiguity, the Federal Aviation Administration (FAA) announced guidelines for the use of commercial drones on Tuesday. The new rules allow a broad range of businesses to operate drones without explicit permission. Previously, companies had to apply for individual FAA permits, […]

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Growth Postponed: The Fed Rate and Its Impact on the Construction Sector

Growth Postponed: The Fed Rate and Its Impact on the Construction Sector

LOS ANGELES—March 17, 2016—Yesterday, the Federal Open Market Committee (FOMC) chose to delay an increase in the federal funds rate. This decision was based on uncertainties regarding growth in the global marketplace. Policymakers project that economic growth will be weaker than expected and inflation levels will remain low during 2016. Fed policymakers have adjusted their […]

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Guarding Employees and Budgets Against Cold-Weather Conditions

Guarding Employees and Budgets Against Cold-Weather Conditions

El Niño continues to create an inordinate amount of storm activity across North America, forcing businesses to reevaluate the priority and required functionality of their safety gear. Cold weather increases hazards related to rain, snow and ice, exposing workers to dangerous fall and slipping risks and making it important for employers to equip their workers […]

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The Fed Finally Raises Rates

The Fed Finally Raises Rates

US Federal Reserve announced its first interest-rate hike cycle in nearly a decade. LOS ANGELES – December 16, 2015 –In meetings on Tuesday and Wednesday of this week, members of the Federal Open Market Committee (FOMC) voted to raise the federal funds rate, the interest rate at which major private banks can exchange reserves at […]

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Retail Strategies to Boost Holiday Revenue

Retail Strategies to Boost Holiday Revenue

LOS ANGELES – November 19, 2015 –Each and every year, billions of dollars are spent during the holiday season. This year, eMarketer forecasts that retail holiday sales will reach $885.70 billion for November and December alone. Consumer spending increases dramatically during the holiday season, and this year retailers should be prepared to capitalize on it, […]

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The Transportation Bill's Looming Deadline

The Transportation Bill’s Looming Deadline

FOR IMMEDIATE RELEASE LOS ANGELES – October 21, 2015 – After a series of only temporary solutions to funding necessary construction on the nation’s aging transportation infrastructure, Congress now has only days to make a decision on the latest highway bill that has been proposed as part of the MAP-21 Act. Next week’s deadline comes […]

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China’s Currency Devaluation Presents Opportunity for US Buyers

China’s Currency Devaluation Presents Opportunity for US Buyers

LOS ANGELES – September 16, 2015 – China sent shockwaves throughout the global economy August 11 when it announced a massive devaluation of its currency. Chinese monetary authorities devalued the yuan 1.9% against the dollar, the largest one-day decline in more than two decades. The move, which was followed up by several more devaluations, has […]