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Category: Spotlight Reports

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Tech Takeover: Three Sectors Slated to Benefit from Artificial Intelligence

Tech Takeover: Three Sectors Slated to Benefit from Artificial Intelligence

Technology has entered a new frontier, as advancements in artificial intelligence (AI) continue to push humanity to unprecedented levels. While automation has played an important role in countless industries for many years, the evolution of computerized machines and equipment has largely reduced wage costs and the need for human labor across all sectors. Increased internet […]

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Trump’s Budget Blueprint & Government Procurement

Trump’s Budget Blueprint & Government Procurement

On May 4, President Trump signed a $1.1 trillion short-term budget bill into law to avoid a government shutdown and to fund the federal government through September. The details of this deal differ from his budget blueprint. Nonetheless, IBISWorld expects that many of the proposed cuts and funding increases outlined below will be on the […]

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Next Step: Top Industries for New College Graduates

Next Step: Top Industries for New College Graduates

In May 2017, a fresh batch of young, hopeful undergraduate students will enter the workforce with a diploma in hand. While some may choose to continue on to higher education, many will begin the job hunt with little to no prior work experience. IBISWorld has compiled a list of industries with the greatest capacity to […]

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New Frontier: Canada Looks to Other Trade Regions Amid NAFTA Renegotiations

New Frontier: Canada Looks to Other Trade Regions Amid NAFTA Renegotiations

Canadian business uncertainty is high following the recent US election due to the Trump administration’s goal to renegotiate the North American Free Trade Agreement (NAFTA). The Canadian economy has relied on US markets for decades  with exports to the United States consistently comprising more than 70.0% of  Canada’s total over the past 10 years. Amid […]

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Top Five Distressed US Industries

Top Five Distressed US Industries

A growing online presence, volatile commodity costs and trade patterns have influenced the following five industries significantly. The industries are ranked by the quickest expected industry value added (IVA) declines, which measures the industry’s contribution to the US economy, curated using IBISWorld’s proprietary database. In addition to IVA deteriorations, all five of these industries have […]

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The New Interactive: Teaching & Technology in the 21st Century

The New Interactive: Teaching & Technology in the 21st Century

For a generation raised on iPads and smartphones, keeping technology out of K-12 classrooms is simply not an option anymore. Although there is still some debate over the benefits of using electronics in education, more school districts are opting to teach the next generation by speaking their language: instruction through technology. As tax revenue and […]

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NorCal vs. SoCal: Fastest Growing Industries by Region

NorCal vs. SoCal: Fastest Growing Industries by Region

From the Redwood Forest to the Baja Coast, California is home to a diverse array of climates, people and cultures. Although Californians collectively agree that the West Coast is the best coast and that In N Out is the best burger in town, many residents struggle to agree on whether Northern or Sothern California is […]

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Top Industries With Rising Demand for Legal Services

Top Industries With Rising Demand for Legal Services

Corporate law is anything but monolithic. A 10,000-foot view could make it seem as if corporate legislation affects business owners of all stripes in the same ways, but the specific regulatory landscapes of different sectors of the economy are as diverse as the sectors themselves. While an operator in the Formal Wear and Costume Rental […]

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Price & Profit: Effects of the 2017 Oil & Gas Recovery

Price & Profit: Effects of the 2017 Oil & Gas Recovery

The new year has brought with it changing opportunities for businesses to take a more strategic approach to procurement. This is of particular interest in 2017, as the strengthening economy has prompted price growth across many markets — particularly those dependent on crude oil and natural gas, which have risen considerably in cost following a […]

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Procurement, the Trump Administration & the Road Ahead

Procurement, the Trump Administration & the Road Ahead

On February 28, President Trump spoke to a joint session of Congress for the first time, presenting a broad first-year legislative agenda that focused on a renewal of American jobs, infrastructure, the military, and an America-first approach to issues like immigration and trade. Although details are scant and congressional legislative timelines are still being worked […]