ManufacturingTechnology

Manufacturers Turn to External IT Partnerships to Overcome Digital Transformation Hurdles

Mid-market manufacturers are increasingly relying on external IT partnerships to navigate digital transformation challenges. With ransomware attacks intensifying and AI projects faltering, companies are finding strategic advantages through specialized technology partnerships that bridge critical resource gaps.

Manufacturing’s Digital Transformation Dilemma

Mid-market manufacturers are navigating a complex technological landscape where digital transformation has become essential for survival, yet internal resources often fall short of meeting escalating demands. According to reports, companies are increasingly turning to external information technology expertise to bridge critical gaps in their modernization efforts. This strategic shift comes as manufacturers face what analysts suggest is a perfect storm of challenges: tightening budgets, scarce technical talent, and increasingly sophisticated cyber threats.

BusinessFinance

Jefferies CEO Alleges Fraud in Auto Parts Giant Collapse as Wall Street Braces for Fallout

Jefferies CEO Rich Handler told investors the investment bank believes it was “defrauded” in the First Brands Group bankruptcy that has rattled Wall Street. The auto parts conglomerate’s collapse with over $2 billion reportedly missing has drawn comparisons to Enron from famed short seller Jim Chanos.

Investment Bank Alleges Fraud in Major Bankruptcy

Jefferies Financial Group CEO Rich Handler has reportedly told investors his firm believes it was “defrauded” by First Brands Group, according to recent SEC filing disclosures. The comments came as the investment bank faced scrutiny over its exposure to the auto parts conglomerate’s bankruptcy that has sent shockwaves through financial markets.