Tag Archive: manufacturing industry

Wisconsin Provides HUGE Tax Incentives to Lure Apple Manufacturer

September 25th, 2017

Supply Chain Briefing

The state of Wisconsin granted $3 billion in tax incentives to Foxconn to entice them to manufacture in the midwestern state. This is not only the highest government subsidy ever offered for a foreign company to locate to the U.S., but it also specifically entices production that goes into the Apple iPhone. It certainly proves that blanket statements about innovation in government are just as inaccurate as all others! Wisconsin shows that thinking outside the box can be achieved even in government.

Wisconsin manufacturing

Clearly, it also shows that manufacturing is relevant in today’s environment. Have you thought about whether you are thinking outside the box? And are you searching for what might be available to support manufacturers? There are actually many programs (federal, state and local) where you can gain “free” money for things you already do – perform research & development, provide training (California has incentives), and the list goes on. Feel free to contact us anytime to learn more.

What Should We Consider and/or What Impacts Could Arise?

What might seem impossible to us might not be! Do you tend to write off ideas before considering their full value? Perhaps we should take a page from Wisconsin’s playbook and look at the big picture, think long-term and mix it up a bit. We should also take a second look at innovation. Do we have a work culture that will support out-of-the-box ideas? If not, we must start there.

And, last but not least, do you consider manufacturing relevant? Although I live on the border of the Inland Empire in California, which is known for big box distributors (Target, Amazon, Apple 3PL’s etc.), it is simply amazing how much manufacturing is also located here. You hear about how everything has moved to China or Mexico and manufacturing is dead but “we are not dead yet” (reminds me of the Monty Python…) Actually, we are far from dead – there is quite a strong push to locate manufacturing closer to customers and leverage innovative collaborative and efficiency programs to ensure profitability to boot. If you’d like to learn more, take a look at programs like APICS Inland Empire‘s session on “Changing Trade Policies and its Effect on Reshoring“. Fascinating stuff no matter where you live.

 

If this topic interests you, take a look at Samsung Expanding Manufacturing in the U.S.

 

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New Survey Says Manufacturing Key to American Prosperity

May 17th, 2017

According to a survey by Deloitte and The Manufacturing Institute, more than three quarters of Americans surveyed believe the U.S. should invest in the manufacturing industry. Nice to see what I see on a daily basis come to life and gain momentum! Specifically, more than 80% see manufacturing as vital to America’s livelihood, 76% believe the U.S. needs a more strategic approach to developing its manufacturing base and 90% believe industry jobs will require a higher level of technical skill.

manufacturing

Interestingly, the overall public ranked manufacturing 3rd, just after technology development centers and health care facilities, in terms of the country’s leading sectors for job creation. The bottom line is that manufacturing is “in”! Are you thinking about how to leverage this opportunity?

What Should We Consider and/or What Impacts Could Arise?

Manufacturing is riding a popularity wave. While Americans are seeing its relevance, there will be more interest, investment and education in the sector. Take stock of your professional career and of your company’s position. What can you do to get ahead of the curve so that you’ll be ready for opportunities?

For example, from a career perspective, what is your ideal job? Do you have the skills, experiences and behaviors required to move up the ladder? There will be vast opportunity with manufacturing’s popularity, which will be heightened as baby boomers retire. Sign you and your team up for relevant classes. For example, APICS Inland Empire has several classes in manufacturing processes. Become a mentor and simultaneously find a mentor. I find being a Drucker Women in Supply Chain mentor, a Pomona College mentor and an APICS student case competition chair and mentor rewarding, and I learn just as much as my mentees. On the other side, I wouldn’t be nearly as successful without my consulting mentor and business mentors. There is no better way to learn than from someone who has “been there, and done that”.

From a company perspective, shore up your skills, resources, processes, technologies and the like so that you are the ideal source for new business. Tailor your approach to the most likely opportunities. Do you have capacity availability to jump on opportunities? Think strategically about what will arise down-the-line and put your company in a proactive position purposefully. Think about your supply chain partners and include them in your plans.