Assistance Available for Small Businesses
As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national or individual industry level, this pandemic is already changing the way businesses are operating on a day-to-day basis. On March 27th, […]
Manufacturers Look to Government to Step In and Limit Damage
As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national or individual industry level, this pandemic is already changing the way businesses are operating on a day-to-day basis. Specifically, within the […]
Negotiating a Middle Ground
This article discusses the benefits of finding the middle ground when negotiating with suppliers. The practice of using leverage to negotiate often results in a zero-sum outcome where one side wins and the other side gains nothing. By finding a middle ground, manufacturers can increase the size of the pie for all parties involved. The […]
Digital Manufacturing in 2020
This article discusses how the manufacturing industry, as a whole, has been relatively slow to adapt to new technology advancements. However, 2020 is likely to be the year that many technologies are adopted and implemented in everyday operations. For example, trends such as on-demand manufacturing, joint ventures, and 3-D printing are all predicted to have […]
3 Financial Risks Small Manufacturers Need to Avoid
This article discusses three financial risks that small manufacturers face in this industry. These risks include: negotiating weak contracts, extending payment terms, and overconfidence during boom times. In a small manufacturing business, every penny counts, staying vigilant and avoiding these financial pitfalls can go a long way to keeping your business growing. To view this […]
More Trends to Watch This Year
Wearable technology, predictive maintenance, and smart manufacturing are all trends that are going to be around for some time. In fact, some believe that they will change how the industry operates on a day-to-day basis. This article discusses how these different trends are predicted to impact the manufacturing industry both in the short term and […]
Tips for Making Your Manufacturing Business More Sustainable
You may hear the word sustainability and instantly roll your eyes, but the world is changing in favor of this “taboo” term. In fact, your business could benefit in more ways than just profits and saving money if you started to implement some of these tactics. For example, recycling smartly, investing in your workforce, and […]
Transforming Industrial Manufacturing
This article discusses how technology is changing the way manufacturing is operated on a day-to-day basis as well as different improvements within the industry. For example, AI and machine learning are continuing to have an impact along with 5G and smart manufacturing. Additionally, technological advancements such as 3-D printing and improving energy efficiency are becoming […]