Latest news with #technologyinnovation
Yahoo
2 days ago
- Business
- Yahoo
ASI Releases 2025 Counselor State of the Industry Report: Promo Sales, Tariffs, Tech and Market Trends
TREVOSE, Pa., Aug. 7, 2025 /PRNewswire/ -- The Advertising Specialty Institute® (ASI), the leading authority in the $26.6 billion promotional products industry, today published the 2025 Counselor State of the Industry, the industry's most comprehensive research report analyzing key market trends, economic challenges, and technology innovation in promo. The 48th annual report reveals how suppliers and distributors are adapting to a volatile landscape defined by supply chain issues, rising tariffs and increasing cybersecurity threats. Despite average sales declines of 3.6% in Q1 and 3.2% in Q2, many firms are responding with pricing strategies, diversified sourcing and new tech offerings. Key 2025 Promo Industry Trends: Price Pressure from Tariffs: 70% of suppliers raised prices in Q2 due to import taxes. Shift to Company Stores: 46% of distributors now offer company stores—up sharply from last year. Rise in U.S. Sourcing: Increased demand for Made-in-USA promo items as firms reduce reliance on Chinese imports. Cybersecurity Risks Grow: 40% of top promo companies experienced cyberattacks; ransomware is a top concern for 2026. AI Adoption on the Rise: Distributors are exploring AI to improve operations, despite integration challenges. Industry Consolidation: Private equity-driven M&A activity, including S&S Activewear's acquisition of alphabroder, is reshaping the supplier landscape. "This year's data shows an industry moving forward through innovation, resilience and smart strategy," said Timothy M. Andrews, ASI President and CEO. "Our report delivers the tools and insights that help promo businesses grow stronger, even in uncertain times." For the first time, ASI analyzed revenue and stock performance of Counselor Top 40 companies by revenue, comparing public, private equity-backed, and privately held firms to track business performance and leadership strategies. "The 2025 State of the Industry provides the benchmarking data every promo business needs to make smarter decisions in a rapidly evolving market," said Nate Kucsma, ASI's Senior Executive Director of Research. The full report is available now at and About ASIThe Advertising Specialty Institute® (ASI) is the promotional products industry's largest membership organization, serving over 25,000 suppliers and distributors. ASI provides industry-leading news, research, education, media and technology tools like ESP® to help businesses thrive worldwide. View original content to download multimedia: SOURCE Advertising Specialty Institute Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Associated Press
23-07-2025
- Business
- Associated Press
Orases Hosts Ribbon-Cutting to Celebrate 25 Years Building Custom Software Innovations
FREDERICK, Md.--(BUSINESS WIRE)--Jul 23, 2025-- Orases, an AI-first custom software development firm and a five-time honoree on the Inc. 5000 list of fastest-growing private companies, has marked its 25th year of business. The company celebrated the milestone with a ribbon-cutting ceremony at its Frederick headquarters. This press release features multimedia. View the full release here: Orases 25 Year Anniversary Ribbon-Cutting The event commemorated a quarter-century of growth and highlighted the company's long-standing commitment to both technology innovation and community development. 'To mark this 25-year milestone surrounded by our dedicated team, valued partners, and leaders from the community was the perfect testament to our journey,' said Nick Damoulakis, CEO of Orases. 'It has always been our belief that true success isn't just about growth or technological innovation, but about building lasting relationships and sharing that success with the community that helped build you.' During the ceremony, Orases was presented with four proclamations from Maryland state and Frederick County officials, recognizing the company's contributions to the regional economy and technology sector. 'Orases has been a driving force in Frederick's technology sector, creating jobs and attracting talent to our region,' stated Rick Weldon, President and CEO of the Frederick County Chamber of Commerce. 'Their success story demonstrates what's possible when innovative companies choose to plant their roots in Frederick and grow with our community.' Orases is a co-founder of TechFrederick, an organization supporting the area's technology ecosystem, and maintains a decade-long partnership with the LYNX program to prepare high school students for careers in technology. Through these programs, Orases actively invests in the long-term vitality of its local technology community. About Orases Established in 2000, Orases is a custom software development and AI consulting company that helps organizations solve complex challenges and unlock new growth opportunities. We blend deep industry expertise, decades of hands-on tech experience, and AI-enabled development practices to deliver solutions that are technically sound and strategically built to solve unique business problems. Orases has partnered with leading brands, including the NFL, NPR, and Kimberly-Clark, to define strategic visions, rapidly prototype solutions, and bring features to market faster. Visit us at View source version on CONTACT: Media Contact: Julie Cimbalista 410.871.8335 [email protected] KEYWORD: UNITED STATES NORTH AMERICA MARYLAND INDUSTRY KEYWORD: CONSULTING EDUCATION TECHNOLOGY PROFESSIONAL SERVICES PHILANTHROPY BUSINESS OTHER PHILANTHROPY OTHER TECHNOLOGY SOFTWARE ARTIFICIAL INTELLIGENCE OTHER EDUCATION SOURCE: Orases Copyright Business Wire 2025. PUB: 07/23/2025 10:10 AM/DISC: 07/23/2025 10:10 AM
Yahoo
21-07-2025
- Business
- Yahoo
Global Business Leaders Prioritize Resilience as the New Business Edge
New BDO report reveals the top strategies global organizations are pursuing to gain a competitive advantage CHICAGO & BRUSSELS, July 21, 2025--(BUSINESS WIRE)--Following years of geopolitical shocks, economic headwinds, and technology innovation, a new report from BDO finds that 61% of global business leaders believe resilience is the most important quality of a business and key to thriving in the face of ongoing uncertainty and disruption. Techtonic States 2025: The New Business Edge explores how 1,050 global leaders are preparing for a future shaped by cyber threats, fragmented markets, and fast-moving innovation. Global leaders are investing in artificial intelligence (AI), strengthening data infrastructure, and embedding risk-thinking into business culture to mitigate risk and gain competitive advantage. "The risks confronting businesses today are undeniable," says Ric Opal, Global BDO Digital Leader. "In this environment, leaders must ask themselves: 'Do I want to play offense or defense?' Those choosing offense must harness advanced technology to build organizations that are resilient, agile, and future-ready. The era of playing it safe is over." Report Highlights Include: Future readiness: Nearly three-quarters (73%) of executives agree that resilience requires preparing for multiple potential outcomes, while almost half (42%) believe their organization lacks the necessary skills and infrastructure to effectively navigate market disruptions. This underscores the urgent need for investment in the foundational tools and skills to build resilience and organizational agility. Balancing innovation and protection: Growing cyber risks, outdated infrastructure and high cost of capital threaten to slow innovation just when it's needed most. Only 8% of leaders expect a future defined by innovation and collaboration and nearly half (45%) report that data security concerns are preventing their organization from investing more in AI technologies. Fear of falling behind: As technology becomes critical for competitive advantage, nearly half of leaders (42%) are worried about keeping up with AI. With siloed or 'messy' data as the top reason organizations could fail to leverage the benefits of tech, data management is now a top-three strategic priority. Techtonic States 2025: The New Business Edge is the first of a four-part series that will explore how businesses can build, secure, and grow their edge to lead their organization into the future. About the Techtonic States 2025 ReportBDO's Techtonic States 2025 report explores corporate leaders' visions of the future business landscape, with a focus on the role of technology. In March-April 2025, BDO surveyed 1,050 C-suite and senior executives from mid-market organizations ($50M-$1B revenue) and large enterprises ($1B-$5B revenue) across 10 global markets, spanning financial services, manufacturing, technology, retail, healthcare, and other key sectors. Techtonic States: The New Business Edge, Chapter One is the first in a series of four reports discussing how leaders plan to build strategic resilience to navigate disruption, cyber risk, and AI uncertainty. To dive deeper into the Techtonic States 2025 report, learn more here. About BDO USAOur purpose is helping people thrive, every day. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients and our communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization. BDO is the brand name for the BDO network and for each of the BDO Member Firms. BDO USA, P.C., a Virginia professional corporation, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. For more information, please visit: About the BDO NetworkThe BDO network (referred to as the 'BDO network') is an international network of independent public accounting, tax and advisory firms which are members of BDO International Limited and perform professional services under the name and style of BDO (hereafter: 'BDO member firms'). BDO International Limited is a UK company limited by guarantee. It is the governing entity of the BDO network. Service provision within the BDO network is coordinated by Brussels Worldwide Services BV, a limited liability company incorporated in Belgium. Each of BDO International Limited, Brussels Worldwide Services BV and the BDO member firms is a separate legal entity and has no liability for another entity's acts or omissions. Nothing in the arrangements or rules of the BDO network shall constitute or imply an agency relationship or a partnership between BDO International Limited, Brussels Worldwide Services BV and/or the BDO member firms. Neither BDO International Limited nor any other central entities of the BDO network provide services to clients. BDO is the brand name for the BDO network and for each of the BDO member firms. The fee income of the member firms in the BDO network, including the members of their exclusive alliances, was over US$15 billion (€14 billion) in 2024. These public accounting, tax and advisory firms provide professional services in 166 countries and territories, with over 119,600 people and 1,800 offices worldwide. View source version on Contacts Media Benjamin Davisbdavis@ 212‑840‑1661
National Post
29-05-2025
- Business
- National Post
GTT Wins Three 2025 Visionary Spotlight Awards: Channel Program of the Year, CSP Network Infrastructure Innovation of the Year and Digital Transformation Award
Article content GTT recognized for leadership in technology innovation, digital transformation, and commitment to empowering channel partners and driving mutual growth. Article content Article content ARLINGTON, Va. — GTT Communications Inc., a leader in networking and security as a service for multinational organizations, has won three ChannelVision Magazine Visionary Spotlight Awards. The awards recognize GTT for its overall excellence and outstanding contributions in the following categories: Article content 'These awards reflect our relentless commitment to putting partners first. At GTT, we're obsessed with helping trusted advisors and technology service distributors win in today's complex market.' Article content Channel Program of the Year 2025 CSP Network Infrastructure Innovation of the Year 2025 Digital Transformation Award 2025 Article content 'These awards reflect our relentless commitment to putting partners first,' said Joan Logan, President, Americas Division, GTT. 'At GTT, we're obsessed with helping trusted advisors and technology service distributors win in today's complex market. That means no blocked accounts, seamless co-selling, and a digital-first experience that places our customers and partners at the center of engagements. We're proud to deliver innovation that empowers the channel to thrive in the age of AI, security and global connectivity.' Article content 'GTT stood out in the highly competitive 2025 Visionary Spotlight Awards for its compelling channel approach and unique Envision global technology platform proposition,' said Berge Kaprelian, President and CEO, ChannelVision. 'We congratulate GTT for its impressive award wins, demonstrating technology leadership, continuous innovation, and deep commitment to growing its channel partnerships.' Article content The annual Visionary Spotlight Awards highlight contributions to communications and the channel across multiple categories, including products, services, deployments and more. ChannelVision editors and an independent panel of judges evaluate entries across key parameters such as overall innovation, future industry impact, creativity, feature set differentiation, ease of use and interoperability. Article content GTT was recognized for exemplifying progressive innovation within the communications industry, showcasing a myriad of opportunities for channel partners to enhance their roles as trusted partners for business success. Article content About GTT Article content GTT is a leading networking and security as a service provider for multinational organizations, connecting people and machines to data and applications — anywhere in the world. We serve thousands of organizations, bringing together the right people, partners, and technology to reduce the burden on IT teams and solve the most pressing networking and security challenges. Built on our top-ranked global Tier 1 network, the GTT Envision platform provides visibility, insights, orchestration, and control, enabling customers with consumable solutions to achieve business missions and meet ongoing demand when, where, and how needed. Our portfolio includes SASE, SD-WAN, security, internet, voice, and other connectivity options, complemented by a suite of professional services and exceptional sales and support teams in local markets around the globe. We partner with our customers to deliver Greater Technology Together. Learn more at Article content ChannelVision Magazine ( which operates under its parent company, Beka Business Media, is a bi-monthly publication and website that is read by channel partners that sell all manner of voice, data, access, managed and business services – both on premise and 'in the cloud' – as well as technology gear and equipment, primarily in the SMB space. ChannelVision offers a highly focused and efficient way for service providers and hardware and software companies to reach experienced channel partners targeting the small/medium business space. More than two-thirds of ChannelVision's subscribers (plus an additional and growing Web-based readership) are telecom agents and equipment VARs. The company is also the driving force behind the annual CVxEXPO ( community gathering, each November. In 2025, CvxEXPO will take place Nov. 3-5 in Glendale, Arizona. Article content Article content Article content Article content Article content Contacts Article content GTT Media Inquiries: Article content Americas: Mary Lynn Heath, GTT +1-646-214-4078 Article content Europe: Siria Nielsen, GTT +31-6-2835-4259 Article content Article content Article content
