Released November 30, 2020
Miles Free & Carli Kistler-Miller explore the factors that go into achieving maximum efficiency in your shop as well as explore the value that improvement in this area can have on your overall bottom line.
Month: November 2020
Released November 30, 2020
Miles Free & Carli Kistler-Miller explore the factors that go into achieving maximum efficiency in your shop as well as explore the value that improvement in this area can have on your overall bottom line.
Released November 23, 2020
Miles Free & Carli Kistler-Miller discuss the secret to understanding steel and all the steel aspects that are effected by carbon..
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.
Elizabeth Niedringhaus from SSE, Inc.
Join SSE as they discuss the DFARS interim final ruling of cybersecurity requirements and what your next steps should be as well as what manufacturers working in the defense industry need to know and what they should do immediately.
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.
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?
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.
Released November 9, 2020
Miles Free & Carli Kistler discuss 4 common mistakes and what we can do better when it comes to implementing process changes for continuous improvement in our shops. .
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!
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.
“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.
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.
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