Insights
Mining Bitcoin with Nuclear Power
Uses for Surplus Power and Diversifying Revenue
Cryptocurrency mining is profitable when the cost of the primary production resource needed to mine it is low. Electricity accounts for upwards of 80% of total O&M spending in a typical-mining operation. For this reason, bitcoin miners circle the globe searching for $0.06/kWh. How much more appealing would the cryptocurrency mining business be if the power was acquired at cost?
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Shared Services in a Virtual World – What’s Working and What Are the Challenges?
ScottMadden recently polled attendees at the Shared Services and Outsourcing Network’s (SSON) SSOW Live Conference on the topic of virtual work. We have heard many success stories from our clients and other practitioners about how their shared services organizations (SSOs) were able to quickly transition to a virtual model when the global pandemic hit. In many cases, the nimbleness and efficiency of the organizations have allowed them to play crucial roles in supporting their business during these challenging times. Conversely, some who were not well prepared have struggled. The data from our poll highlight these successes and challenges and show how the pandemic will likely have a lasting effect on shared services models.
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Employee Spotlight: Jonathan Harb
Jonathan Harb
Jonathan Harb, a manager at ScottMadden, joined the firm in 2014. With previous IT experience in the oil and gas industry, Jonathan works across both of ScottMadden’s practice areas—corporate & shared services and energy—and is a member of the supply chain and strategy & services communities of practice. He is the lead and founder of the &Cookies program, which offers employees a fun opportunity to gather and discuss professional development topics. These conversations are centered around TED Talks and are always paired with a sweet treat! Jonathan holds a B.S. in computer engineering and an M.B.A. from LSU.
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How Can Supply Chains Prepare for the “Next Normal”?
COVID-19 Drives Changes across Industries that Require Updates to Supply Chain Strategies
Introduction
Who could have guessed on January 1, 2020, what the remainder of the year would hold? Personal protective equipment (PPE) is now critical for most operations, and risk management and transparency within the supply chain is more important than ever. We are learning how to be productive while working from home (WFH) and creating new safety and social distancing practices for people who must come to work.
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15 States Sign Joint Commitment to Accelerate the Deployment of Medium- and Heavy-Duty Vehicles
Light-duty consumer vehicles often own the spotlight in the world of electric vehicles. Now, 15 states have put their focus on accelerating the market for electric medium- and heavy-duty vehicles by signing a memorandum of understanding. See how utilities can prepare as the MOU signees develop an action plan within the next six months.
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Will the COVID-19 Pandemic Upend Finance Service Delivery Models?
Q&A with Brad DeMent and Trey Robinson
In this follow-up to our workshop presented at the Shared Services and Outsourcing Network’s digital Shared Services for Finance and Accounting conference, experts Brad DeMent and Trey Robinson go deeper with insights, tips, and recommendations on how to lean into the finance delivery model during COVID-19 and beyond.
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Transitioning Your Business from a Post-Pandemic Recovery to a Booming Economy
Until the COVID-19 pandemic, Brazil’s economy had been steadily gaining momentum since the downturn experienced in 2015 and 2016. While Gross Domestic Product growth can no longer be expected to materialize in 2020, this growth is delayed—not cancelled. Economists currently forecast growth rates as high as 3.6% in 2021. Will your business be prepared for this return to growth?
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Welcome to ScottMadden!
Sussex Economic Advisors is now part of ScottMadden. We invite you to learn more about our expanded firm. Please use the Contact Us form to request additional information.