INSIGHTS

During the first waves of the pandemic, organizations did what they could to get through the initial disruption and keep operations going. Now that things have stabilized, business leaders are looking to make changes that strengthen their supply chain, improve customer satisfaction and have a positive impact on their bottom line.

While offshoring was once seen as a key factor in staying competitive, the rising risks have businesses of all sizes thinking about moving their operations back to the United States.

Wearable devices have become all the rage in recent years, with 100 million more devices shipped in 2018 than 2014.  As technology companies seek to create devices beyond the smartphone, wearables show promise as a robust transitional option. These devices, such as watches, rings, and smart earbuds attempt to make tasks more convenient, while maintaining a connection to a smartphone.  Developing a wearable device can be more difficult than developing a smartphone, as space must be more optimized, and the design must be attractive to a wide audience. A wearable should have the ability to perform as a form of attire, telling others something about yourself.

In case you need a refresher, get caught up on our Young Inventors series here.

In case you missed our last post in the Young Inventors series, get caught up here.

Budding young entrepreneurs and inventors from across the U.S. convened this weekend at the Henry Ford Museum in Dearborn, MI for the annual National Invention Convention and Entrepreneurship Expo (NICEE). Put on by The STEMIE (STEM + Invention + Entrepreneurship) Coalition, this invitation-only event is a celebration of K-12 inventors and entrepreneurs who competed in regional invention competitions around the country in order to qualify. The 300 finalists were invited to bring their invention to the expo to compete against one another for awards such as “Best Pitch,” “Most Patentable,” “Best Prototype,” “Most Sustainable,” and more.