City Background – Pewaukee, WI
PMPA’s Wisconsin Chapter will hold their President’s Roundtable in Pewaukee, WI in July.
PMPA shares important precision machining information you may have missed while you were making essential parts.
July 1, 2022
According to Industry Week, the recent manufacturing supply chain changes may turn into blessings and curses. China is reopening after COVID lockdowns which will mean more production and could further choke the global shipping crisis. Neon gas shortages caused by the Russian-Ukraine invasion – Ukraine was a primary producer – has negatively impacted semiconductor production. However, new foundries have been announced which could fill demand although it will take time. Additionally, a storage tanker holding more than 1 million barrels of oil off the coast of Yemen may breakup with September storms. If such a disaster occurs, the cost will be unprecedented and cause a ripple effect on the economy.
Annual Meeting 2022
Registration is open for our Annual Meeting 2022 which will be held at beautiful Loews Ventana Canyon Resort in Tucson, Arizona October 6-10th. The Annual Meeting is PMPA’s premier networking event where owners and top managers of PMPA’s precision machining companies to meet, renew and re-connect, share knowledge and gain new insights during three days of business sessions and social events. It is also the time to celebrate and recognize deserving members at the Annual Awards Banquet. Registration is available to PMPA members on PMPA.org.
Good news on the manufacturing employment front. According to the U.S. Bureau of Labor Statistics, manufacturing employment continued its rise and was up 18,000 in May. Retail declined by 61,000 which may indicate an opportunity to recruit former retail workers into our industry.