PMPA Business Trends April 2021 

 

Our PMPA Business Trends performance and sentiment indicators this month justify our continued optimism about the markets and employment prospects for our precision machining industry in 2021. The numbers reflect both a current and continued positive reality for our precision machining shops. Our estimate for the average sales at the end of the year is positive and above the levels we saw in 2018 and 2019, Prior to COVID-19.

 

PMPA Business Trends April 2021

 

FP Flash Survey Reveals That Most Employers Continue to Refrain From Mandating COVID-19 Vaccine But Vast Majority Encouraging It

 

Fisher Phillips logo

It appears an overwhelming number of employers are not mandating their employees receive the COVID-19 vaccine – more than four in five – but are instead encouraging their workforce to get inoculated from the virus. That’s according to a survey conducted by Fisher Phillips, with over 600 respondents providing their thoughts between May 14-19. The most recent survey –  which follows a similar survey the firm conducted in January 2021  – sheds light on the rationale behind these business decisions and reveals some shifting attitudes on this topic over the last few months. 

 

VIEW/DOWNLOAD INFOGRAPHIC HERE

 

VIEW/DOWNLOAD FULL REPORT HERE

PMPA/ITR Economics Forecast Report May 2021

 

According to the most recent economic report from ITR Economics (PMPA’s retained economic forecasters), the economic outlook looks very positive and will remain so moving forward.

The US economy is revving up and will continue to rise.  Leading indicators point to a sustained rise this year, with 2021 coming in stronger than 2020 for the majority of markets.   Although COVID-19 still poses risks, consumers will likely feel safer to venture out to restaurants and to shop, and business and leisure travel will help assist the recovery of the hospitality, airlines and oil markets.

Read the full report below for more detailed information on ITR’s forecast regarding inflation and the global supply chain strain.  Is your business positioned to address the cyclical rise ahead and the record high activity in the industrial sector next year?

 

PMPA/ITR Economics Forecast Report May 2021

 

Ohio Jumps Aboard CDC’s Masking Guidance for Those Fully Vaccinated: What Businesses Need To Know

 

Fisher Phillips logo

Following last week’s recommendation from the Centers for Disease Control and Prevention (CDC) that fully vaccinated people are no longer required to wear a mask or socially distance in most settings, the Ohio Department of Health just issued a new Health Order to conform to the CDC’s guidance. What do Ohio employers – especially retail establishments – need to know about the May
17 Revised Health Order?

 

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Mitigating Risk: Fire Suppression & Insurance

This Technical Tuesday Solutions webinar will tackle the three main questions that come up when dealing with mitigation risk as it related to fires in the workplace. Ryan Ballentine, Russ Taylor and Jeff Gagnon will all be on hand to answer how insurance companies view risk mitigation in machine shops, what role fire suppression plays in acceptability and rates, as well as how fires impact rates and the bottom line of machine shops!

 

VIEW WEBINAR HERE

 

WEBINAR: PMPA Michigan Chapter’s Legislative Roundtable

 

If you missed our discussion of federal, state and local legislative and regulatory issues that affect the daily operations of PMPA members in the State of Michigan by Omar Nashashibi, Founding Partner of The Franklin Partnership, PMPA’s Legislative Affairs then click the button below to see what you missed! 

 

VIEW WEBINAR HERE

5-14-21 COVID Update Provided by The Franklin Partnership

 

Franklin Partnership

As always thank you to The Franklin Partnership as they help us make sense of the issues as the uncertainty our shops are facing continues to grow.

  • CDC and EEOC Testing and Vaccination Requirements
  • CDC Reopening Guidelines
  • Federal Unemployment Insurance Challenges
  • PPP Loan Update
  • Infrastructure Talks Status
  • Tax Increase Timeline
  • Supply Chain Disruptions

 

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Employers May Be Able To Scrap Mask Mandates For Fully Vaccinated Workers: A 7-Step Blueprint to Overcome Risks and Hurdles

 

Fisher Phillips logo

The announcement yesterday from the CDC that fully vaccinated people no longer need to wear a mask or physically distance in any non-healthcare setting was a welcome relief for all Americans and a hopeful sign that we have turned a significant corner with the COVID-19 pandemic. But the announcement included an important caveat – that the guidance did not overrule federal law,
workplace guidance, local business restrictions, or state, local, or other similar regulations. And because the CDC’s announcement offered no specific guidance for employers, many workplaces may feel unsure how to proceed. The good news is that the new rules seem to offer a path forward for those employers that want to proceed to a mask-less workplace – but such a path involves some
risks to consider and hurdles to overcome. There’s a seven-step blueprint for employers to get to that point.

 

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