Top Ten Issues Employers are Facing in Today’s (New) Working Environment

 

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Melanie Webber, labor law attorney for Fisher Phillips LLP, will share the top ten challenges that employers are facing in this crazy COVID-world, the lessons learned, as well as other issues that may need to be on your radar following the elections.

 

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Released November 16, 2020

Miles Free & Renee Merker, Director of Communications and Events give listeners a behind the scenes peek at the planning of PMPA’s Annual Meeting and the ah-ha moments from the actual event held at Big Cedar Lodge in Ridgedale Missouri.

 

 

ITR Economics Report for PMPA – November 2020

 

Despite the uncertainty in the news cycle regarding the election, recounts, Covid-19, and the markets, many monthly economic indicators are rising in a positive direction.

PMPA’s latest Business Trends Report showed strong out-performance over Fed Industrial Production and Manufacturing output indicators. The latest ITR November 2020 Economic Report for the Precision Machining Industry marshals a host of facts about our markets to explain their positivity. “Empirical evidence made it clear that results were likely to surpass expectations for the industrial and consumer sectors… revising our expectations accordingly.” 

Of course, the caveat of a fall/winter flu season and shutdowns remains possible- but the “Empirical evidence” supports optimism at this point in time from the economic data. What are YOU doing to prepare your processes and performers for this rising trend?

 

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The Institute for Trend Research (ITR) quarterly reports focus on major areas of economic growth and decline in key market segments for the Precision Machined Products Industry. They are provided to PMPA members as part of the association’s overall business intelligence program and are used as a management tool to help PMPA members plan for what lies ahead and which markets they should focus on in a complex manufacturing environment. 

All Things Energy

 

 

APPI Energy, a brand new Affinity Partner of PMPA will walk through all of the energy solutions that can it can provide for PMPA Members. Noel Temple of APPI Energy will review the Marseilles Lock and Dam Hydroelectric Water Power Project as well as combined heat and power energy efficiency, demand response program compensation, turnkey LED lighting programs, solar PV solutions, utility bill management, procurement processes and much much more! 

 

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New SBA Questionnaire Raises Stakes For Businesses That Borrowed Over $2 Million In PPP Loans

 

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The Small Business Administration (SBA) has released loan necessity questionnaires that lenders must issue to over 50,000 borrowers that received $2 million or more in funds from the Paycheck Protection Program (PPP) – and the questions indicate that borrowers may face a higher hurdle than originally anticipated when it comes to forgiveness. Businesses may need to demonstrate that they suffered actual economic harm as a result of the pandemic in order to be eligible for full forgiveness, which is a change from what many initially believed at the time the applications were submitted. Borrowers only have 10 days from the time they receive the questionnaire to complete it and submit supporting documentation, so those who received $2 million or more from the PPP should begin preparing to respond to the questionnaire now.

 

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The manufacturing economy continued its recovery in October. Survey Committee members reported that their companies and suppliers continue to operate in reconfigured factories; with every month, they are becoming more proficient at expanding output. Panel sentiment was optimistic…”Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee.
ISM PMI
Manufacturing continues its sixth consecutive month of recovery.
The manufacturing economy continued its recovery in October. Economic activity in the manufacturing sector grew in October, with the overall economy notching a sixth consecutive month of growth.

  • The October Manufacturing PMI® registered 59.3 percent, up 3.9 percentage points from the September reading of 55.4 percent and the highest since September 2018 (59.3 percent).
  • This figure indicates expansion in the overall economy for the sixth month in a row after a contraction in April, which ended a period of 131 consecutive months of growth.
  • New Orders Index registered 67.9 percent, an increase of 7.7 percentage points from the September reading of 60.2 percent.
  • The Production Index registered 63 percent, an increase of 2 percentage points compared to the September reading of 61 percent.
  • The Backlog of Orders Index registered 55.7 percent, 0.5 percentage point higher compared to the September reading of 55.2 percent.
  • The Employment Index registered 53.2 percent, an increase of 3.6 percentage points from the September reading of 49.6 percent.
  • The Supplier Deliveries Index registered 60.5 percent, up 1.5 percentage points from the September figure of 59 percent.
  • The Inventories Index registered 51.9 percent; 4.8 percentage points higher than the September reading of 47.1 percent.
  • The Prices Index registered 65.5 percent, up 2.7 percentage points compared to the September reading of 62.8 percent.
  • The New Export Orders Index registered 55.7 percent; an increase of 1.4 percentage points compared to the September reading of 54.3 percent.
  • The Imports Index registered 58.1 percent, a 4.1-percentage point increase from the September reading of 54 percent

All indexes reported increases over September.
Fabricated metals reported strong growth.
What’s not to like in this release?
We’re manufacturing positivity!
Chart courtesy Calculated Risk Blog
ISM Report October 2020