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DeBoer Baumann & Company has years of experience, which helps us understand the top issues facing the manufacturing and distribution industry today. We know that downtime is costly so we work with manufacturers and distributors to ensure their financial operation runs as smoothly as their production line.
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Michigan’s manufacturing industry continues to experience a significant talent shortage in hiring and promoting qualified employees. One tool that the State of Michigan offers to help close this skills gap and support business growth is the Going PRO Talent Fund (formerly known as the Skilled Trades Training Fund). This fund makes awards to employers to assist in […]
As the manufacturing industry evolves, so do the policies and practices within the industry. Manufacturers should work hard to attract new talent that will bring new ideas to the forefront. This article discusses eight tips for attracting and retaining a younger workforce in the manufacturing industry. To view this article, click the following link to […]
More tariffs are expected as the government continues the trade war with China, potentially jeopardizing American consumers and business owners. This article discusses how business owners are preparing for the increased tariffs, especially manufacturers. To view this article, click the following link to access the original content. https://www.manufacturing.net/news/2018/09/trump-poised-tax-additional-200b-chinese-imports
Universally, the cost of employee turnover is felt in both the budget and the overall culture of a company. With a turnover rate 33% higher than other industries in the U.S., manufacturers need to develop strong initiatives to maintain good employees. In addition to high turnover, these companies also struggle to attract younger workers who […]
Undoubtedly, the growth and continual improvement of artificial intelligence (AI) has been revolutionary for the manufacturing industry. In addition to reducing expenses, AI has provided manufacturers with opportunities and information that would have been nearly impossible to receive prior to the invention. Forbes Insights recently published an article examining the advantages AI offers manufacturers today. […]
Most industries in the U.S. manufacturing sector source at least 10% of their intermediate inputs from countries outside of the United States. Recent legislation to raise import tariffs will likely increase costs for U.S. manufacturers purchasing foreign intermediate inputs. In an article for Tax Foundation, writer Erica York offers an overview of a recent analysis […]