Afternoon Coffee: More Small Business Adopt Cloud Services, Manufacturers Invest in New Technology Kaitlyn McAvoy - June 4, 2015 12:35 PM | Categories: Afternoon Coffee | Tags: General News Small business owners are increasingly subscribing to cloud-based software services, with spending on such technology up 7% in 2014 compared to 2013. The new report from Intuit also showed 85% of small businesses plan to spend more on software over the next 5 years. Manufacturing companies are also investing in new technologies to remain competitive. More than two-thirds of participants in a KPMG survey said they are focused on long-term innovation strategies that includes spending more on new manufacturing technologies. US productivity took a dive of 3.1% in the first quarter of the year, more than originally predicted, according to the Labor Department. In a push to become more sustainable and gain consumers trust that it is an “environmentally responsible” company, IKEA has pledged $1.13 billion for renewable energy projects to fight climate change. SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels Discuss this: Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.