PMPA Speaking of Suppliers Podcasts:
Interview with Lloyd & Noah Graff of Graff – Pinkert

A longer form podcast as Miles Free goes deep and explores “all things Graff – Pinkert” with Lloyd And Noah Graff.

Published November 30, 2022

 

Timestamps: 

1:00 – Advantages of having a family business/working with family 

7:00 – The team at Graff – Pinkert

11:00 – The history of Graff – Pinkert

20:00 – Keys to seeing hidden value in used equipment

28:00 – Having a unique look at who is coming into the machining business

34:00 – Graff – Pinkert’s content production 

39:00 – Machining shops going up for sale

43:00 – Thoughts on the future economic impact and workforce for machining businesses

53:00 – Final thoughts 

PMPA Business Trends October 2022

The PMPA October Business Trends Index pivoted toward softening in October, with Sales, Leadtime, and Profitability all to the negative. Sentiment for Employment remained level. While our sales index for October is down 6.4 percent from September, it is the highest ever for the month of October, up 7 percent from the previous high, and up 16 percent from the five-year average for the month of October. Our sales index has not dropped below the calendar year average (141) of 2021 in any month of 2022.

For the year, our index is up 23 points over 2021 calendar year average, an increase of 16 percent. In April, we predicted a “gangbusters year with the calendar year average coming in at 159.” Our year-to-date average of 164 is six points or three percent higher than our April prediction.

As you enjoy the Thanksgiving holiday with your family and loved ones, your business’s high level of sales and performance this year will be an important addition to your Gratitude List.

 
If you are not currently participating in PMPA’s Monthly Business Trends reporting, you are missing an excellent 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 Speaking of Precision Podcast:
Regulatory Heartburn

Miles Free and Carli Kistler-Miller discuss the latest regulatory information that came across Miles’ desk this week and How PMPA helps members deal with surprise regulatory requests.

Published November 21, 2022

 

 

PMPA / ITR Economics Forecast Report November 2022

 

 

While our shops continue to sell at elevated levels and schedule overtime to remain competitive on deliveries, the world is changing. Supply bottlenecks are easing, some input prices are declining, and the rate of Inflation seems to be declining as well. The markets that our shops serve are not yet in recession, but the rate of change of the rate of change is signaling slowing growth in Industrial production, housing starts, heavy truck and automotive. Light vehicle and Small arms are contrary to the general trend.

 

It is easy to be hypnotized by the incessant news about inflation, the FED, war in Europe, increasing tensions with China- there is much to fuel our worries. But as business people the data  presented here  remain a call to commonsense- make smart investments and maintain adequate cash, be disciplined on your receivables- so if something bubbles up in the constantly changing flow of bad news- it will not derail your plans.

 

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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.