Released May 30, 2022.   

Miles Free puts Enoch Precision Machining’s CEO Erick Frack in the interview chair as they discuss Enoch’s FastTrack Training program, how it works and why it is so important to our precision machining workforce issue.

 

Enoch Precision Machining booth set up at the local community college recruitment show

PMPA Business Trends April 2022

The April PMPA Business Trends Sales index fell 25 points or 13.8 percent- to its third-highest reading ever of 156. This reversion towards the mean provided some welcome relief- rather than disappointment- as demand for our output remains strong. Overtime was scheduled in seventy-four percent of our responding shops; seventeen percent reported scheduling ten or more hours (25 percent!) overtime.

Sentiment indicators remained positive for the next three months, and the correlation of our average sales for the first four months of the year to the full-year average predicts a very strong year ahead. (As long as we can get needed materials.) The. Demand. Is. There.

 
If you are not currently participating in PMPA’s Monthly Business Trends reporting, you are missing a great peer benchmark and a tool to provide you with confidence for your business decisions. Contact Veronica Durden to sign up.

 

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PMPA Wins 2022 Gold Circle Award for Excellence in Association Communications from ASAE

 

PMPA has been recognized by ASAE (American Society of Association Executives) with a 2022 Gold Circle Award in the New Product/Service Launch category for its newly-developed Mastery Program, created to offer attendees an opportunity to experience and view the precision machining supply chain through three, two-day facility tours of member shops and steel and brass mills.

The Gold Circle Awards competition is the premier association marketing, membership, and communications award that recognizes excellence, innovation, and achievement in association/nonprofit marketing, membership, and communications programs. This year’s competition received more than 300 entries across 15 categories, including convention/meeting campaign, member retention campaign, print magazine, and video.

Entries for the Gold Circle Awards competition are judged consistently in each category based on criteria established by the ASAE Gold Circle Award Committee for excellence in association marketing, membership, and communications programs.

“I am thrilled to congratulate the 2022 ASAE Gold Circle Award winners. ASAE’s Gold Circle Award recognizes the unique position of associations in the marketing and communications landscape.” said Kerri L. McGovern, MPP, CAE, chair of the Gold Circle Awards Committee.

“By celebrating excellence in the field, the Gold Circle Awards highlights the creativity and innovation that association executives bring to the table and the results of which positively impact associations and its members. This year’s award winners embody what it means to be thoughtful, creative, and goal-driven.”

PMPA thanks Carli Kistler-Miller, Director of Programs and Marketing, and Miles Free, Director of Industry Affairs, for their creative brainstorming, diligent planning and successful execution of this endeavor, with hopes it will become a new PMPA tradition.  And we thank the members who joined us on the adventure!

For more information on the winners, visit Gold Circle Awards.

 

 

 PMPA/ITR Economics Forecast Report May 2022  

 

The latest ITR report presents economic evidence to argue that despite the new uncertainties as a result of the Ukraine War and slowing capital spending, we are in a better position than the media would have us believe.

Higher energy costs – drawing attention in headlines – are still a smaller share of consumer budget than back in 2011. There is no denying supply chain disruptions and higher commodity prices, and the impacts of these will be uneven across the economy.  However, the fundamentals continue to show no more than a flattening at the bottom of the business cycle in the first half of 2023.

Consumers are well positioned going into this cyclical decline with stronger cash resources and lower debt to income than in the past. Savvy managers will focus on leadership, increasing efficiency and productivity by investing to gain competitive advantage – and free up existing talent to perform on higher value jobs and responsibilities. Stay calm and deliver first pass quality on time to your most profitable customers.

 

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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.