Month: May 2021
Released May 31, 2021.
Miles Free puts The Franklin Partnership’s Omar Nashashibi in the interview chair as Omar dives into his introduction into politics, how he navigates Washington on behalf of the precision machining industry, having success regardless of administration and much much more!
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.
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
Released May 24, 2021.
Miles Free & Carli Kistler–Miller discuss the myriad of speakers and topics available at PMPA National Technical Conference, August 8-10, 2021 in Cleveland, Ohio.
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?
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.
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?
Ryan Ballentine from Firetrace International
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!
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!
Released May 17, 2021.
Miles Free & Carli Kistler-Miller discuss the phrase “highest and best use” and why it is important to us as we manage our precision machining shops.
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.