Business Center
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Southern University Law Center receives federal grant to establish minority business center

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BATON ROUGE, La (BRPROUD)- Southern University Law Center received federal funding to establish a Minority Business Development Agency (MBDA) to help minority-owned firms create jobs, compete in the global economy and grow their businesses.

“As the only historically black college and university that operates an MBDA Business Center, we are closely aligned with the communities the MBDA intends to serve, and we understand both their challenges and their needs,” said Charletta Fortson, program director of the Louisiana MBDA Business Center. “We know that many of our minority-owned businesses were affected by COVID-19 which made our efforts to establish a business center for Louisiana businesses a priority.”

According to data from the U.S. Census Bureau, more than 9.2 million minority-owned firms in the U.S. employ over 8 million American workers and pump $1.7 trillion

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Business Forecast
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Supply chain snarls could cost automakers $210 billion this year, forecast finds

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DETROIT, Sept 23 (Reuters) – Global automakers could lose $210 billion in revenue this year because of supply chain disruptions, nearly double a forecast earlier this year, consulting firm Alixpartners said Thursday.

A shortage of semiconductors is just part of the problem, Alixpartners said in a new forecast. High prices and tight supplies of commodities such as steel and plastic resin are driving up costs and forcing automakers to curtail production.

Automakers are on track to lose production of 7.7 million vehicles in 2021, according to the new forecast. Alixpartners advises automakers on supply chain and other issues.

In May, the firm predicted automakers would lose $110 billion in revenue and fall 3.9 million vehicles short of production plans for the year.

The dour new forecast comes amid warnings from automakers and commercial truck manufacturers that semiconductor shortages and commodity price spikes are not easing as 2021 heads into its

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Business World
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Keeping people at the heart of a winning strategy

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Willis Towers Watson shares the secret to its successful 40 years of providing world-class advisory, broking services and business solutions

The COVID-19 pandemic has created a torrent of challenges for many businesses, from keeping their own workforces safe from infection to working around the physical restrictions necessary in the new environment.

This was how it was for advisory and broking firm Willis Towers Watson (WTW) Philippines, but it was made much worse when their head James Patrick G. Matti caught the virus as well.

Mr. Matti got infected with a severe case in March last year and was hospitalized for twenty days, five days of which was in intensive care. Looking back at his experiences in an interview, he recounted how much he started to relish the small pleasures he was given, such as the first chocolate bar he had once he finally recovered.

“It was like I was a

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