Most times when people ask us for the key to outgrowing their competition, we give a one word answer: Management. While some people grumble about the vagueness of the answer, others just nod and move on. The fact remains that every aspect of business requires good...
Covid-19, as it is now called, has caused more harm to the Chinese manufacturing industry since the wake of the SARS virus. After 3 weeks, a complete shutdown of the country’s manufacturing sector which had thousands of factory workers quarantined. This situation has...
Businesses have several reasons for hiring consultants to bring solutions to a problem in their business. Either the company needs a plane opinion, or if the company doesn't possess ways of addressing internal issues, consultants provide a method of solving an issue...
According to research by the Industry Trade Group, there is a yearly average of 1,390 ships that have been lost at sea in the last three years. In 2018 alone, about 46 ships stretched out as far as 1300 feet were lost at sea. Insurer Allianz described this number as...
The President of the United States, Donald Trump, just signed the USMCA into law, which is just 2 weeks after the Senate has approved it, and a month after passing in the House of Reps. This agreement is a trilateral one, which requires the signatures of all 3...
Everyday, manufacturers are faced with different choices, but the most common of them is choosing between producing an item in-house or buying it. The main driver for this choice is always cost and general profitability. With every choice between these two entities,...
Ever wondered why collaboration is taking over the business world? Well, we know a lot about collaboration inside a business but not a lot of people really pay mind to supplier collaboration. According to Industry Week, close and ongoing supplier collaboration can...
The lack of language skills has been detrimental to business. About 22 percent of manufacturing companies have not been able to make a large number of sales due to this language barrier, especially in sales to other foreign nations. Although manufacturing companies...
In times when a country's economy is doing good, companies focus on growth and expansion. But during a recession, most industries do not have a clue of how to sustain themselves talk more about growing the company. Recession is a difficult period for any nation....
The end of the General Motors Co. strike leads to the stabilization of the manufacturing industry. This increase in the output of the manufacturing industry in beyond the surge of the auto section of the manufacturing industry. With a 1.1% gain, this is the highest...
One of the rising challenges that are facing manufacturers in recent time is healthcare cost. Profitability and sustainability are being dragged to the floor because of rising healthcare costs. The most significant occurrences have seen a continuous rise in the price...
Valves are basically devices that help to direct, control and regulate the flow of air or fluids such as liquids, gases, slurries, or fluidized solids by either closing, partially obstructing, or opening various passageways. Moreover, there are varieties of valves...
According to the Institute for Supply Management reports, manufacturing growth has continued throughout the month of August. ISM’s production index rose to 63.3% in August, increasing 1.2 points from July. In addition, the purchasing manager’s index grew to 56%,...