Trade shows continue to be a popular and effective way to capitalize on marketing and sales investments, as well as a successful approach for leveraging business success. With trade show participation, careful planning will allow marketers to maximize lead generation, as well as educate target audiences and recruit distributors. By following a few simple rules, any exhibitor can boost its return on investment (ROI).
In mere minutes, last year’s earthquake and subsequent tsunami in Japan broke apart supply chains that took global companies 30 years to build. And we just experienced it again with Hurricane Sandy, the 2012 “megastorm” that shut down cities and paralyzed transportation — much of which is still not functioning.
It appears that it’s more of the same in U.S. manufacturing. While the overall economy grew for the 42nd consecutive month, economic activity in the manufacturing sector contracted in November following two months of modest expansion, according to the latest Manufacturing ISM Report On Business.
The data suggests that manufacturing, and specifically American manufacturing, should be on the rise and retaining a slight competitive edge over most countries around the globe. However, this all seems to depend on the way in which Washington handles their monetary issues over the next couple of weeks.
Hostess last week received court approval to liquidate its company, resulting in the termination of 18,500 employees and leaving the future of the company’s iconic brands up in the air. Food Manufacturing spoke with Jeff Lotman about the future of these brands and how the Hostess sale could affect the bakery marketplace.
When a manufacturer suspects that a drilling operation could cause plugs inside a precision brake component, he knows that the resulting damage will be more costly and require far greater action than a simple phone call. That's why manufacturing engineer Jim Helpling sought an innovative solution when charged with making a new steel brake fitting that he knew would be prone to plugs caused by metal-laden coolants.
Linear guide rails developed by CNC machine-tool manufacturer Almac, ensure that Swiss watch-makers who use their ultra precise 3- to 5-axis machining centres produce a better quality component. Couple that to their long-standing use of Alphacam and it’s easy to see why Almac are a leading supplier of high precision machines for all aspects of Swiss watch production.
Employing Clear Thinking process, from the C-Suite to the plant floor, is the only way to empower the capability to manage fast and well all the big issues associated with constant change through an organization, says Ray Baxter, CEO of Kepner-Tregoe, and he explains more here.
I have always been interested in learning styles and how people learn. If you read the literature on this subject, there is a lot of academic research on everything from neuro-linguistic programming to basic cognitive skills. Academics don’t seem to agree on a particular model, and appear to love writing theoretical research papers more than finding practical applications for education and training.
A new Harvard Business School (HBS) survey reveals serious concern about America’s competitiveness trajectory, but wide agreement between liberals and conservatives on the policy imperatives that Congress and President Obama should advance following the election.
Major issues still need to be addressed, but presuming the United States gets its fiscal house in some semblance of order, the U.S. economy could be in a transition from sluggish growth to a longer period of moderate growth, according to a new report. MAPI Quarterly Economic Forecast predicts that inflation-adjusted gross domestic product (GDP) will expand by 1.8 percent in 2013.
Even small manufacturers have remarkably complex supply chains, oftentimes global in nature, that need to be managed effectively and efficiently to mitigate the endless sources of risk. Hundreds or thousands of third party relationships — and even more for large manufacturers — are a necessary evil in today’s economy, thanks to the efficiency that the system brings to a manufacturer’s operations.
If you are responsible for managing the supply base within your company, in order to be very successful you must not only be a procurement expert and an operations whiz, but also an analytical data junkie. In the face of ever-shortening product lifecycles, increased cost pressures and lean supply chains, you are continually faced with potential supply disruptions.
Outsourced services and functions are common practice for most businesses, yet they come with their own set of horror stories and sad songs. Avoid disappointment with a simple outsourcing rule: Don’t buy the most capable solution; buy the one that will do it your own way.
Two professors at the University of California, Riverside Bourns College of Engineering have developed a new method that doubles the efficiency of wireless networks and could have a large impact on the mobile Internet and wireless industries.
“In the 17 years that this data has been collected, there is only one other month that broke $600 million. Both of those were in months that reflected sales from IMTS, showing its strength as the largest manufacturing event in the Americas,” said Douglas K. Woods, AMT President.
The skills gap in U.S. manufacturing today is more limited than many people believe and is unlikely to prevent a projected resurgence in U.S. manufacturing by the end of this decade. But more severe shortages could develop, threatening to constrain that revival, unless aggressive steps are taken now, according to new research by The Boston Consulting Group (BCG).
In this challenging environment, forward-looking insights combined with disciplined execution can help organizations ensure that their supply chain is healthy and robust, helping to assuage the impact of unexpected chaos, like the recent Hurricane Sandy that hit the east coast.
The challenges of sourcing complex manufactured goods to support the Department of Defense (DoD) create significant obstacles for the U.S. manufacturing industry. These obstacles increase defense costs, hinder the Department’s ability to keep equipment operational and impede military readiness.
In some cases, disparate data points alone aren’t enough to compel a manufacturer to action, especially when operators can’t physically see the problem identified by the data. Rather, it’s combining data in a way that defines root causes that offers compelling enough evidence to drive actionable improvements.