(c) Covington & Associates, LLC 2010-2020

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Our Clients and The Industries We Serve

Business Resiliency ~ Business Continuity~Disaster Recovery Data Security Management & HIPAA

Consulting - Planning -Training & Software Solutions 

Financial & Banking

 

Financial services firms everywhere have undergone major changes over the last several decades. These firms include retail commercial banks, investment banks, insurance companies, mutual fund companies, securities brokers, and credit card companies.

 

The decade of the second millennium has witnessed a significant number of mergers among these firms worldwide. Some mergers were intended to achieve economies of scale from the greater size and geographic diversity. Some mergers were intended to establish a bridge between different financial services in the hope of creating synergies.

 

We understand this industry completely and are prepared to assist the business needs of this sector as needs continue to grow and or change.

We have worked with or are currently working with:

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  • Chase

  • Bank of America

  • Citibank

  • Wells Fargo

  • Western Federal

  • Bank of Hawaii

Insurance companies base their business models around assuming and diversifying risk. The essential insurance model involves pooling risk from individual payers and redistributing it across a larger portfolio.

 

Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage, then reinvesting those premiums into other interest-generating assets.

 

Like all private businesses, insurance companies try to market effectively and minimize administrative costs.

We have worked and partnered with the Largest to the smallest insurance companies.  We know your business model, support it, and have a knowledgeable staff available to assist you in meeting your business goals.

Insurance

We have worked with or are currently working with:

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  • Cigna

  • The Hartford

  • Pacific Mutual

  • Kaiser

  • TransAmerica

  • The Doctors

 
 

Manufacturing

We have worked with or are currently working with:

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  • Honda

  • Nissan

  • Toyota

  • Intel

  • Northrop Grumman

For years many feared that US manufacturing would soon perish to cheaper jobs overseas. However, the industry is now growing at a rapid pace and has become even more vital to the American Economy.

Apart from pricing, producing goods in the US is also meeting the growing needs of getting new products to consumers faster. Multiple companies e.g. Motorola (for example), are now producing their goods within the US to decrease the time between production and delivery, ultimately helping the bottom line.

As the US manufacturing industry has grown, it has become even more vital to US economic success. This ultimately means a greater focus from government regulatory agencies and lawmakers to create an environment easier for manufacturing to grow.

Manufacturing makes up such a large portion of US GDP that it’s $2.1 Trillion dollar value alone makes it the 9th largest economy in the world. As the industry continues to become more vital to US growth, its growth will be pushed along as well.

 

All of these reasons and many more play into why the US manufacturing industry is growing and why Business Resiliency is becoming a strategic decision as opposed to a tactical directive.  We know this business well.

Healthcare & Pharmaceutical

 

From Amazon and Apple opening clinics to Uber launching a medical transit program, technology giants spent 2018 moving into the health care space. Many of these initiatives are still in very early stages, but they’ll continue to grow in 2020, and some of them may have an impact on Americans’ health care experiences as soon as this year.

The moves make sense from a financial standpoint: in any country, the health care market is one of the biggest industries there is, bringing in more than $2.8 trillion annually in the US alone. As experts point out over and over, the American health care industry is also extremely inefficient, which means there’s a lot of potential money to be made. Finally, the industry is enormous and has many sectors, giving big companies plenty of space to maneuver without directly competing with each other.

There are also lots of new medical and technological advances, and widespread interest in health and wellness, too. And those are all great incentives for big companies as well as passionate entrepreneurs.

The Rules and Regulations in this segment are very precise and in many cases offer enormous pitfalls.  Our experienced healthcare consultants can help you navigate the road to success.

We have worked with or are currently working with:

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  • Kaiser

  • Queens Hospital

  • HMSA

  • Becktin Dickenson

Restaurants & Food Processing

 

We have worked with or are currently working with:

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  • Ventura Foods

  • Sees Candy

  • Godiva Chocolates

IF YOUR CLIENTS REPORTED A CONTAMINATED FOOD PROBLEM, WHAT IS YOUR PLAN FOR NOTIFICATION?  HOW WILL YOU IDENTIFY THE PROBLEM?  WE CAN HELP.

 

Adept use of technology drives the market leaders’ competitive edge. Their use of technology allows them to quickly adapt to market changes. They can also rapidly prototype, test, and launch new products.

They also make extensive use of automation. Quality control, and formerly labor-intensive processes like canning, baking, freezing, and packaging, are increasingly done by machines. Product sales even get tracked in real-time.

Quality control and quality assurance are vital to this industry. The U.S. Department of Agriculture's (USDA) Food Safety and Inspection Service branch oversees all aspects of food manufacturing. In addition, other food safety programs have been adopted as issues of chemical and bacterial contamination and new food-borne pathogens remain a public health concern. 

 

Government programs relies on individual processing plants developing and implementing safety measures along with a system to intercept potential contamination points, which is then subject to USDA inspections.

We offer complete solutions to meet all regulations and requirements.

Transportation

 

We have worked with or are currently working with:

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  • LA Metro

  • BNSF Railway

  • Southwest Airlines

In an age of limited resources and heightened public scrutiny, the natural tendency is to take the safest course. Why should transportation leaders take much risk, which is the more difficult road? What’s in it for them?

As funding and other resources grow more limited, demand for new services is growing and legacy infrastructure continues to deteriorate; innovative approaches are needed like never before. Innovation happens when people are empowered to move beyond the boundaries of conventional thinking, topple the status quo in ways that result in new ways of providing services that are more responsive to the communities and stakeholders they serve.

Apart from being an integral part of the infrastructure, the transportation industry is also closely related to the manufacturing industry and takes a major share of a nation’s GDP for investment, revenue generation, and employment creation.

We at C&A recognize these challenges.  We work with all sectors of the industry and understand the perspeciotve of challenge from a local and National Perspective.  We can help you define your strategy and provide the technical ideas to maximize your investment.

Technology

 

The global information technology industry is on pace to reach $5+ trillion in 2020, according to the research consultancy IDC. The enormity of the industry is a function of many of the trends discussed in this report. Economies, jobs, and personal lives are becoming more digital, more connected, and increasingly, more automated. Waves of innovation build over time, powering the technology growth engine that appears to be on the cusp of another major leap forward.

The United States is the largest tech market in the world, representing 31% of the total, or approximately $1.6 trillion for 2019.

 

In the U.S., as well as in many other countries, the tech industry accounts for a significant portion of economic activity. Industry reports reveal the economic impact of the U.S. tech business, measured as a percentage of gross domestic product, exceeding that of most other industries, including notable sectors such as retail, construction, and transportation. Despite the size of the U.S. market, the majority of technology spending (69%) occurs beyond its borders. 

Among global regions, Asia-Pacific is the largest, accounting for approximately one of every three technology dollars spent worldwide. Many APEC countries enjoy the twofold effect of closing the gap in categories such as IT infrastructure, software, and services, along with leadership positions in emerging areas. If these patterns hold, APEC will continue to grow its share of the global technology pie at the expense of slower growing markets.

At C&A our Tech experience is second to none.  Most of our consulting staff came from Tech and know what its like to manage an IT group.

We have worked with or are currently working with:

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  • Apple

  • Terix

  • Sun Computers

  • ADT

Utilities

 

We have worked with or are currently working with:

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  • So. CA. Edison

  • So CA Gas

  • Hawaii Electric

The utility sector is comprised of companies that provide or transmit electricity, gas or water to businesses and consumers. This sector also includes companies that provide electricity through renewable energy sources, such as solar or hydropower, and companies that generate and sell energy to utility companies.

2019 is a challenging year in the energy and utility space with some foreshadowing of things to come.  How do Energy and Utility companies simultaneously innovate and economize? How do they fend off new entrants?  How do they face myriad threats and opportunities not seen in decades as players scramble to maintain and grow the value they deliver to their various constituencies? 

While there is a long history of internal and external threats facing utility companies, today the stakes are raised as disruptive technologies are entering the market and changing decade-long paradigms.  Players are having to maneuver to stay relevant and smart companies are seizing the opportunity.  

This industry has relied on us for over thirty years to protect their interest and infrastructure.

While the government sector is designated based on WHO is included--federal, state, and local--this sector can also be delineated based on WHAT it does--which is regulation. This macroeconomic sector is responsible for the economic act of regulation, the establishment, execution, and enforcement of laws.

While the term "regulation" is often used specifically to mean the laws affecting business activity, it is a much broader concept. Any law, rule, or legislative act imposes regulations on members of society. A highway speed limit regulates the flow of traffic. A sales tax regulates the use of income. A worker safety rule regulates the conduct of business.

The primary function of the government sector is to impose resource allocation decisions on the rest of the economy. It does this through regulation--establishing, executing, and enforcing laws and rules. To accomplish this it needs resources, which it acquires through taxes.

We understand this sector of business very well.  C& A has completed planning efforts for Federal, State and Local Government Agencies throughout  the United States.

We have worked with or are currently working with:

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  • County of Los Angeles

  • City & County of Honolulu

  • City of Wilmington, DE

  • City of Orange