Tag Archive: National Association of Manufacturers

Manufacturing Adds the Most Jobs in the New Year

February 1st, 2019

According to Industry Week, manufacturing employment increased almost 300,000 over the last year!  This is after increasing around 200,000 the year prior – more than a 40% increase. This is much more significant than the numbers alone convey because, according to the National Association of Manufacturers, for every $1 spent in manufacturing, $1.89 is added to the economy.  Manufacturing is hot and relevant.

Not only is manufacturing relevant to the economy, it is relevant to the customer experience.  Have you thought about how much more flexible you can be with your customers’ desires if you can manufacture on the fly? There won’t be a better time to ride this wave to success. Are you debating or jumping on?

What Should We Consider and/or What Impacts Could Arise?
Whether you are in manufacturing or related to manufacturing or impacted by manufacturing, you should pay attention. As manufacturing surges and takes on a new relevance in the economy and to your ability to provide a superior customer experience, you might have opportunities to grow and scale your business to new heights. Have you thought about how you’ll take advantage of these opportunities?  Will you be a follower or an innovator?

At a minimum, being informed about manufacturing and supply chain industries, latest trends and opportunities seems like a good idea.  Join an organization such as the Association for Supply Chain Management (ASCM/APICS) and participate with classes, tours and webinars, read articles on the topic (there are hundreds, if not thousands, in the archives), listen to experts, pick up the Wall Street Journal or attend an industry event. Why not kick off the New Year informed?  Being informed is part of what’s needed in creating a resilient supply chain. For additional strategies to create a resilient supply chain, check out our new series:



Disruption, Innovation, Global Trends & the APICS-IE Symposium

November 20th, 2018

Lately, I’ve attended various conferences and participated in a few events/ panels on a diverse set of topics with different groups (ranging from transportation to public policy to manufacturing and supply chain to consulting to universities/ students to women leaders).  Aside from it being a whirlwind of fascinating conversations, I’ve seen a few themes emerge across every one of these events – disruption, innovation and global trends.

In today’s Amazonian and Uberian environments, disruption is the new normal.  For example, at Mobility 21 (Southern CA transportation coalition), autonomous vehicles and Uber/Lyft type transportation/trucking concepts arose.  At the Association for Supply Chain Management (ASCM/ APICS) international conference, the idea the IoT, artificial intelligence, Netflix type disruption and more arose.  And at the Society for Advancement of Consulting local event held at Harvey Mudd, almost 50% of the attendees were originally from out of the country and key discussions occurred around global trends and disruption.

Thus, I’d be remiss if I didn’t invite you to join us at the APICS-IE executive panel & networking symposium with an amazing panel discussing “Advancing Innovation and Navigating Global Trends” on Nov 3rd at Harvey Mudd in Claremont.  Click here to learn more and register.

One tip to implement this week:
Since disruption and innovation go hand-in-hand, there are many ways to think about this topic.  One suggestion is to gather your team and business partners/trusted advisors and brainstorm about what disruptions are likely to impact your industry.  Also consider which disruptions are likely to come down the pike. Understanding your environment and how you are positioned is a great starting point – and you’ll be better off than most organizations who might already be known in innovation circles to repeat this exercise on some sort of regular basis!

Additionally, join our unique networking and educational event on “Advancing Innovation and Navigating Global Trends”.  We have an amazing panel including the deputy executive director of the port of Los Angeles, the COO of the National Association of Manufacturers (NAM), the Chairman/Dept of Surgery at the City of Hope, a senior executive in aerospace and a senior director of supply chain & operations.  It should stir up some really engaging discussions on innovation and global trends! The event is on Nov 3rd in Claremont, CA from 8-11:30am. I hope to see you there.  Learn more and register.

 



Manufacturing Gains

February 8th, 2017

As one of the panelists at the Manufacturers’ Summit last week said, “Have you ever seen manufacturing in the news more than it has been lately?” Quite an intriguing point….

The Summit had an expert panel on the future of manufacturing — and what the Trump era was likely to bring to manufacturing.  The panel was specifically non-partisan and included several heavy hitters including the president of the CMTA (California Manufacturers & Technology Assoc), the president of a local manufacturing company who also sat on the president’s export council for many years, the president of the Inland Empire Economic Partnership (IEEP), a manufacturing leader at a global company and the COO of the National Association of Manufacturers (NAM). I definitely took notes.

The bottom line is that manufacturing has much to gain. This ties in with the sentiment of the manufacturers in attendance. How might you gain?

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

Let’s start with a few highlights and a mixed bag: Exports won’t change. Trade isn’t dead although costs will likely rise on imports. The use of technology is on the rise. Industry 4.0 is becoming “the thing to watch”. California has some steep disadvantages to overcome. For example, our energy costs are 15% higher than the next most expensive state, according to one of the large local companies in the Inland Empire, and investment in manufacturing is weak at best!

Now on to some positive news:

  • Tax reform – it is likely to benefit manufacturers
  • Infrastructure – definitely likely to benefit manufacturers and specifically California (roads, bridges, ports, digital, energy); however, we need to make sure it happens!
  • Regulatory reform – permitting will definitely improve, and regulatory reform will benefit manufacturers overall.
  • Healthcare – somewhat unknown; however, if Pence does what he has said he’d like to do, the states will have a significant say in how money is allocated. Certainly, most manufacturers have struggled with healthcare the last several years and so the hope is for improvement.

There is plenty to think about in these expert predictions. What can you do to start the ball rolling so you are ahead of the curve?