Anderson Precision, Jamestown, NY
Asst. Manufacturing Manager
moc.noisicerpnosredna@noslracj
716-484-6525

 

Cox Manufacturing Company
San Antonio, TX
moc.gnirutcafunamxoc@llib
210-657-7731

Quality Engineer
Precision Plus, Inc.
Elkhorn, WI
moc.sulperp@mrendragmuab
262-743-2604

B.I.C. Precision  Machine Co, Inc.
Blanchester, OH
moc.noisicerpcib@nwahs
937-783-1406 ext.101

B.I.C. Precision Machine Co., Inc.
Blanchester, OH
moc.noisicerpcib@evets
937-783-1406 ext.101

Cox Manufacturing Company, San Antonio, TX
President/CEO
moc.gnirutcafunamxoc@lliw
210-657-7731

B.I.C. Precision Machine Co., Inc.
Blanchester, OH
moc.noisicerpcib@haras
937-783-1406 ext.101

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PMPA WEEKLY NEWS

March 18, 2022                         Vol 26  Issue #11

PMPA.org    |   News   |   Events |   Weekly Archives   |   M&E Exchange
 

May 1-3, 2022     
The Pfister Hotel | Milwaukee, WI

Register Today!
Don’t miss the biggest Technical Conference
for Precision Machining!


NTC Keynote Speaker Jeff Havens

Jeff Havens is not your typical keynote speaker. By combining meaningful business insight with the entertainment value of a comedy show, Jeff promises to help improve your business without boring you to death. Jeff has spoken to over 1,000 businesses across North America and Asia and provides serious solutions in a seriously funny way.
 

 

US vs. THEM
There are four distinct generations operating side-by-side in today’s working world. There are differences between those four generations, and if you’ve ever been frustrated by how impossible it seems to employ four different strategies to manage four distinct generations and if you’ve ever felt like you’re the only one who’s being asked to make any changes, then Us vs.Them is exactly what you need.

In this humorous presentation, you’ll learn a simpler way of looking at your own generational picture, and you’ll also learn how to understand, recognize, and resolve every generational issue facing today’s workforce. You will walk away with all of the knowledge you’ll need to address 100% of the generational issues you’ll face for the rest of your career. 

So, get ready to laugh more and learn more than you ever thought possible. Because improving your generational issues doesn’t have to be boring.

Tech Conference Hotel Reservations
Deadline is Approaching!

Make sure you have a room at the Pfister Hotel for the information-packed National Technical Conference in Milwaukee, Wisconsin, May 1-3, 2022. 

HOTEL RESERVATIONS DEADLINE: APRIL 7!

HOTEL RESERVATIONS
NTC REGISTRATION
SESSIONS & SCHEDULE
 

Thank You NTC Sponsors!

Our thanks to the following sponsors to the 2022 National Technical Conference

EXCLUSIVE SPONSORS
INDEX Corporation  Welcome Reception
SMW Autoblok  Keynote Lunch
Absolute Machine Tools  Awards Lunch
Peterson Tool Company  Backpack
Hexagon – Hotel Key Cards

PREMIER SPONSORS
Global Shop Solutions
Henning Industrial Software
iSwiss Tools Corporation
Swiss Steel USA
Tornos Technologies
Wieland Chase

BENEFACTOR SPONSOR
Hangsterfer’s Laboratories, Inc.

DEADLINE TO SPONSOR – APRIL 1

Sponsorships Available for NTC 2022

Looking to show your PMPA support while promoting your brand?  Be a conference sponsor for NTC.  Several sponsorship opportunities are still available:

 

Register for PMPA Chapter Events!!

Be sure to register for these PMPA social events –
the first in-person events in two years!   

NORTHERN OHIO CHAPTER
March 22 – 5:30 pm
Cleveland, OH
REGISTER NOW

ILLINOIS CHAPTER
March 23 – 5:30 pm 
Bolingbrook, IL
REGISTER NOW

WISCONSIN CHAPTER
March 24 – 5:00 pm
Waukesha, WI
REGISTER NOW

WESTERN MICHIGAN CHAPTER
March 29 – 5:30 pm
Grand Rapids, MI
REGISTER NOW

SOUTHEAST MICHIGAN CHAPTER
March 30 – 5:30 pm
Ferndale, MI
REGISTER NOW

 

Southwest Florida Chapter Gathers

PMPA members and retirees gathered for the first time in Fort Myers, Florida, earlier this month.  John and Ginny Detterbeck (Lester Detterbeck Enterprises Ltd.) hosted the event at their home in Estero.  It was great getting everyone together again – 24 attendees, which included eight Past Presidents of the PMPA!

If you would like to be part of the Southwest Florida Chapter email list, please contact Renee Merker at PMPA.  

Mike Reader (2018), Victor DaCruz (2019), Jim Hemingway (2007), Tad Korndoerfer (2003), Pete Rosenkrands (2002), Tom Halladay (2020), Darlene Miller (2013), Rich Hoster (2011)
 

Economic Updates

Job Openings

  • Latest JOLTS report shows there were 855,000 job openings in manufacturing in January. The number of jobs available continues to exceed pre-pandemic levels. Over the past 10 months, job openings in the sector have averaged 873,000, including the record 943,000 in July.
  • Total quits in the manufacturing sector rose from 322,000 in December to 331,000 in January, a new record. That is approximately 2.6% of the manufacturing workforce.
  • JOLTS Link: https://www.bls.gov/news.release/pdf/jolts.pdf

New York Fed Manufacturing Survey
“Business activity declined in New York State for the first time since early in the pandemic, according to firms responding to the March 2022 Empire State Manufacturing Survey. The headline general business conditions index fell fifteen points to -11.8, its lowest level since May 2020. New orders and shipments declined modestly, while unfilled orders increased. Delivery times continued to lengthen substantially, and inventories expanded.”
Link to NYFED Survey: https://www.newyorkfed.org/survey/empire/empiresurvey_overview
 
FOMC Monetary Policy Statement
The most important rate in the world is the cost of money.
“The federal funds rate is the FOMC’s main policy rate. Changes in the federal funds rate trigger changes in other short- and medium-term interest rates, the foreign exchange value of the U.S. dollar, and other asset prices that influence households’ and businesses’ spending and investment decisions.”- Chicago Fed https://www.chicagofed.org/research/dual-mandate/the-federal-funds-rate
 
Today, the FOMC announced “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 percent objective and the labor market to remain strong. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 1/4 to 1/2 percent and anticipates that ongoing increases in the target range will be appropriate. In addition, the Committee expects to begin reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities at a coming meeting.”
 
Chairman Powell had already preannounced a quarter point hike to Congress. This was no surprise, and disappointing to many who thought that the current round of inflation needs stronger medicine.
 
With Consumer prices up 0.8% in February  (Food up 1%, Energy up 3.5%, and Gasoline up 6.6%) there is no denying the need to take strong action against inflation.

Producer prices up 0.8% in February- up 10.0% over last 12 months. This is the rate that affects our shops, and will ultimately drive higher the price of goods purchased by the consumers.
One can  use the average of the CPI and the PPI to indicate the current level of inflation across the entire economy. With CPI up 7.9% over the past year, and PPI up 10.0% we are experiencing inflation of 8.95% over the past year.

PPI link: https://www.bls.gov/ppi/
CPI link: https://www.bls.gov/cpi/
FOMC Statement Link: https://www.federalreserve.gov/newsevents/pressreleases/monetary20220316a.htm
FOMC Projections Link: https://www.federalreserve.gov/monetarypolicy/fomcprojtable20220316.htm

 
This Week’s Speaking of Precision Podcast
Interview with Jeff Ohlemacher, CEO of EMC Precision
 

PMPA Gold Micrometer Applications
Being Accepted

PMPA is currently accepting applications for the 2022 Gold Micrometer Award.  Bearing the symbol of our Association, the Gold Micrometer is an award presented to those individuals who have reached the milestone of 40 years of career service in the precision machining industry, is an active officer, partner or executive with policy-making responsibility in your company, and has actively served the Association.  

This prestigious award is presented during the Awards Banquet at the PMPA Annual Meeting – to be held October 6-10 at the Loews Ventana Canyon Resort in Tucson, Arizona.  The recipient must be present at the Awards Banquet to accept the award.

A list of past Gold Micrometer Award honorees can be found on the PMPA website: PMPA Gold Micrometer Recipients.  Do you have someone in your organization who fills the requirements set by the Board of Directors?  If so, submit an Application to the PMPA Executive Committee (c/o of Renee Merker at PMPA gro.apmp@rekremr-) by June 1, 2022.   If you have questions regarding the application process, please contact Renee Merker.

 

PMPA Reminders

MCA Webinar – Fundamentals of Vapor Degreasing

PMPA member Ecoclean will be the presenter in the Manufacturing Cleaning Association‘s webinar on vapor degreasing – March 29 at 11:00 AM.  
PMPA Members can attend for free using the code “PMPA-MCA.”  REGISTER HERE

Production Machining’s Emerging Leaders Award – Deadline to Submit: April 1
Do you know someone under the age of 40 who is making a difference in the precision machined parts industry at large? The emphasis of the award is on leadership and potential leadership, whether it is in the nominee’s company or their involvement in the industry.  SUBMIT ENTRY FORM HERE

 

PMPA Final Cut of the Week

Be sure to check out PMPA’s Final Cut of the Week video clip, where you will get a snippet of this week’s manufacturing news that you might have missed while you were busy making essential parts!

Find us on Twitter and LinkedIn, and catch archived clips on the website.

 
 
 

PMPA AFFINITY PARTNERS

APPI Energy     Federated Insurance      Grainger      Mirabel     
 Paperless Parts     PartnerShip       Verifyle

CONTACT PMPA STAFF
Editor:  Renee Merker – Director, Communications and Events
 

Copyright © Precision Machined Products Association, All rights reserved.
6880 West Snowville Rd., Suite 200
Brecksville, OH  44141
PH: 440-526-0300
www.pmpa.org

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

 

View this email in your browser
PMPA WEEKLY NEWS

March 11, 2022                         Vol 26  Issue #10

PMPA.org    |   News   |   Events |   Weekly Archives   |   M&E Exchange
 

May 1-3, 2022     
The Pfister Hotel | Milwaukee, WI

Register Today!
Don’t miss the biggest Technical Conference
for Precision Machining!


Get Your Tech Conference Hotel Reservations!

Make sure you have a room at the Pfister Hotel for the information-packed National Technical Conference in Milwaukee, Wisconsin, May 1-3, 2022. 

Deadline for reservations is April 12th – 4 weeks away – Don’t delay!

HOTEL RESERVATIONS
NTC REGISTRATION
 

NTC Sponsor List is Growing!

Our thanks to the following sponsors to the 2022 National Technical Conference

EXCLUSIVE SPONSORS
Absolute Machine Tools  Awards Lunch
Peterson Tool Company  Backpack
INDEX Corporation  Welcome Reception
SMW Autoblok  Keynote Lunch

PREMIER SPONSORS
Global Shop Solutions
Henning Industrial Software
iSwiss Tools Corporation
Swiss Steel USA
Wieland Chase

DEADLINE TO SPONSOR – APRIL 1

Sponsorships Available for NTC 2022

Looking to show your PMPA support while promoting your brand?  Be a conference sponsor for NTC.  Several sponsorship opportunities are still available:

  • Lanyards
  • Hotel Key Card
  • WiFi
  • Meals and Gatherings
  • Premier and Benefactor level sponsorships
 

Grainger Show

On February 27 and 28, PMPA President Aneesa Muthana (Pioneer Service Inc.) joined Executive Director Cate Smith and Manager of Chapter Development Matt Gilmore at the 2022 Grainger Show held at the Orange County Convention Center in Orlando, Florida.

This was both Cate’s and Aneesa’s first time attending the show, and they appreciate Matt’s assistance in scheduling meetings and a tour of the show, led by Grainger’s Randeep Arneja who many of you may remember meeting at PMTS. Everyone learned more about Grainger as a distributor of products as well as a provider of new services to help your company be more efficient, thus saving time and money.  Watch for future emails about these new offerings from Grainger.

 

Members in the News…
 

Take Me Out to the Ballgame….Baseball is Back!
Now that the lockout is finally over, baseball is ready to return – new wooden bats will be flying off the shelves, and W.H. Bagshaw’s Walter Bat Company is ready to step up to the plate!  

Watch the short interview with Aaron and Adria Bagshaw and learn how the Walter Bat Company creates their amazing wooden bats and how its popularity grew!

Link: https://www.wmur.com/article/nh-chronicle-walter-bat-company/39123403#   (Click on the video link)

 

 Manufacturing Positivity

Manufactured Goods New Orders
New Orders for Manufactured Goods increased by 1.4%  ($7.6 billion) to a record $544.2 billion in January. This New Orders indicator has been up eight of the last nine months, and up twenty of the last twenty months, according to the US Census Bureau.

According to the report, Transportation Equipment (up three consecutive months) led the increase, up 3.4%  or $2.9 billion.
 
Shipments (also up 8 of the past nine months and 20 of the last 21 months) increased 1.1% or $6.2 billion to $536 billion. Machinery (up ten of the last eleven months) led the increase, $1.0 billion or 2.7 percent to $38.9 billion.

Overall, the manufacturing sector continued to expand strongly—despite lingering supply chain, workforce and pricing pressures—with new orders soaring 13.6% year-over-year.
 
Link: Click on Press Release under “Manufacturers’ Goods:” https://www.census.gov/economic-indicators/
 
ISM PMI
ISM PMI Index rose in February on the strength of fast growing New Orders – 21 consecutive months of growth, with February topping January by 1 percentage point.

According to ISM, “Demand expanded, with the (1) New Orders Index increasing and remaining in strong growth territory, supported by stronger expansion of New Export Orders, (2) Customers’ Inventories Index remaining at a very low level and (3) Backlog of Orders Index increasing to historically high levels.”

Read the full ISM PMI report at the link that follows. It is definitely worth your time:  https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/february/
 
Manufacturing Activity- Dallas Fed
A great report!

“Texas factory activity continued to increase but at a slightly slower pace in February, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, came in at 14.5, down two points from January but still indicative of above-average output growth.

Other measures of manufacturing activity also indicated continued growth. The new orders index pushed up three points to 23.1, while the growth rate of orders index held steady at 12.6.  Both readings are significantly above average. The capacity utilization index was unchanged at 11.5, and the shipments index rebounded 15 points to 23.5 after its January drop.

Perceptions of broader business conditions improved in February.”

Link: https://www.dallasfed.org/research/surveys/tmos/2022/2202
 

 
This Week’s Speaking of Precision Podcast
PMPA’s January 2022 Business Trends Report
 

Registration is Now Open for
PMPA Chapter Events!!

Be sure to register….PMPA social events are coming to a local Chapter near you!   Watch your emails for details and registration information.

NORTHERN OHIO CHAPTER
March 22 – 5:30 pm
Cleveland, OH
REGISTER NOW

ILLINOIS CHAPTER
March 23 – 5:30 pm 
Bolingbrook, IL
REGISTER NOW

WISCONSIN CHAPTER
March 24 – 5:00 pm
Waukesha, WI
REGISTER NOW

WESTERN MICHIGAN CHAPTER
March 29 – 5:30 pm
Grand Rapids, MI
REGISTER NOW

SOUTHEAST MICHIGAN CHAPTER
March 30 – 5:30 pm
Ferndale, MI
REGISTER NOW

 

MCA Webinar
Fundamentals of Vapor Degreasing
March 29 – 11:00 AM
 

PMPA member Ecoclean will be the presenter in the Manufacturing Cleaning Association‘s webinar on vapor degreasing.

View the details and register here – Members can attend for free using the code “PMPA-MCA.”

 

Production Machining
Emerging Leaders Award

Production Machining is is seeking nominations for its 2022 Emerging Leaders awards.

Do you know someone under the age of 40 who is making a difference in the precision machined parts industry at large? The emphasis of the award is on leadership and potential leadership, whether it is in the nominee’s company or their involvement in the industry.

It only takes a few minutes to fill out the form here.

Nominations are due April 1

 

PMPA Final Cut of the Week

Be sure to check out PMPA’s new Final Cut of the Week video clip, where you will get a snippet of this week’s manufacturing news that you might have missed while you were busy making essential parts!

Find us on Twitter and LinkedIn, and catch archived clips on the website.

 
 
 

PMPA AFFINITY PARTNERS

APPI Energy     Federated Insurance      Grainger      Mirabel     
 Paperless Parts     PartnerShip       Verifyle

CONTACT PMPA STAFF
Editor:  Renee Merker – Director, Communications and Events
 

Copyright © Precision Machined Products Association, All rights reserved.
6880 West Snowville Rd., Suite 200
Brecksville, OH  44141
PH: 440-526-0300
www.pmpa.org

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

 

 

 

View this email in your browser
PMPA WEEKLY NEWS

March 4, 2022                         Vol 26  Issue #9

PMPA.org    |   News   |   Events |   Weekly Archives   |   M&E Exchange
 

May 1-3, 2022     
The Pfister Hotel | Milwaukee, WI

Register Today!
Don’t miss the biggest Technical Conference
for Precision Machining!


Get Your Tech Conference Hotel Reservations!

Make sure you have a room at the beautiful Pfister Hotel for the info-packed National Technical Conference in Milwaukee, Wisconsin, May 1-3, 2022. 

Deadline for reservations is April 12th, so don’t delay!

HOTEL RESERVATIONS
NTC REGISTRATION
 

Thank You NTC Sponsors!

Our thanks to the following sponsors to the 2022 National Technical Conference

EXCLUSIVE SPONSORS
Peterson Tool Company  Backpack
INDEX Corporation  Welcome Reception

PREMIER SPONSORS
Global Shop Solutions
iSwiss Tools Corporation
Wieland Chase
 

Sponsorships Available for NTC 2022

Looking to show your PMPA support while promoting your brand?  Be a conference sponsor for NTC.  Several sponsorship opportunities are still available:

  • Lanyards
  • Hotel Key Card
  • WiFi
  • Meals and Gatherings
  • Premier and Benefactor level sponsorships
 

Registration is Now Open for
PMPA Chapter Events!!

Be sure to register….PMPA social events are coming to a local Chapter near you!   Watch your emails for all the details and registration information in the next few weeks.

NORTHERN OHIO CHAPTER
March 22 – 5:30 pm
Cleveland, OH
REGISTER NOW

ILLINOIS CHAPTER
March 23 – 5:30 pm 
Bolingbrook, IL
REGISTER NOW

WISCONSIN CHAPTER
March 24 – 5:00 pm
Waukesha, WI
REGISTER NOW

WESTERN MICHIGAN CHAPTER
March 29 – 5:30 pm
Grand Rapids, MI
REGISTER NOW

SOUTHEAST MICHIGAN CHAPTER
March 30 – 5:30 pm
Ferndale, MI
REGISTER NOW

 

 Business Trends Report – January 2022

January 2022 continues the positivity, as our PMPA Business Trends Sales Index out performs the FED’s Industrial Production and Manufacturing Indexes, as well as the five year average for the January Index – up seven and a quarter percent (7.25%) from December 2021’s remarkably high close.

Lead times are as high in this report as they were last January in 2021- you know how that turned out. There are plenty of issues in the larger world to give us pause, but the consensus of your peers (71 respondents), as given by their data, is one of continued positivity and performance for our precision machining shops in the quarter ahead.

Business Trends Report – January 2022

 

ITR Economics Forecast Report
January 2022

Now is when your efforts at managing can really make a difference!

Despite all of the angst and nail biting issues in the press these days, the US economy is strong and will continue to be strong in the coming years. Continued (but SLOWER!) growth is likely for the next couple of YEARS.  Fears of an impending recession are misplaced, but slowing growth provides us with opportunities to reflect, reconfigure, and rebuild for a successful and sustainable longer timeline.

Automation, workforce retention, upskilling, and talent acquisition should be our top management priorities going into this slower growth phase of the business cycle. Inflation is here as well –  raw material prices up by high double digit percentages – demand that you re-examine your new AND EXISTING contracts to make sure that you are not including fifty dollar bills of excess unrecovered costs in every box of parts you ship.

Most of the markets that we serve remain in accelerating growth, but a couple have moved into a slower growth phase. None of our bellwether markets are in recession.

ITR Economics – January 2022 Economic Forecast Report
(This report is password-protected – you will need your PMPA passwords to access.  If you’ve forgotten those, click here to reset your password.)

 
This Week’s Speaking of Precision Podcast
Yield Loss In Your Shop
 

Production Machining – March Issue

The PMPA pages in the March issue of Production Machining cover:

  • Workforce is Still the Most Important Challenge by Miles Free
  • What’s in a Name?  Pride. by Carli Kistler-Miller
  • Market Insight – Construction Machining by Joe Jackson
  • Craftsman’s Cribsheet – Common Applications of CNC Machining
  • Also, one last shout out to the Sponsors of the Management Update Conference!
 

Production Machining
Emerging Leaders Award

Production Machining is is seeking nominations for its 2022 Emerging Leaders awards.

Do you know someone under the age of 40 who is making a difference in the precision machined parts industry at large? The emphasis of the award is on leadership and potential leadership, whether it is in the nominee’s company or their involvement in the industry.

It only takes a few minutes to fill out the form here.

Nominations are due April 1, so act now! 

 

PMPA Final Cut of the Week

Be sure to check out PMPA’s new Final Cut of the Week video clip, where you will get a snippet of this week’s manufacturing news that you might have missed while you were busy making essential parts!

Find us on Twitter and LinkedIn, and catch archived clips on the website.

 
 
 

PMPA AFFINITY PARTNERS

APPI Energy     Federated Insurance      Grainger      Mirabel     
 Paperless Parts     PartnerShip       Verifyle

CONTACT PMPA STAFF
Editor:  Renee Merker – Director, Communications and Events
 

Copyright © Precision Machined Products Association, All rights reserved.
6880 West Snowville Rd., Suite 200
Brecksville, OH  44141
PH: 440-526-0300
www.pmpa.orgWant to change how you receive these emails?
You can update your preferences or unsubscribe from this list