Tag Archive: manufacturers

Manufacturing & California are on Fire!

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According to Industry Week and the National Association of Manufacturers, manufacturing is on fire! Manufacturers’ optimism registered 95.1% – the highest level EVER recorded! Manufacturers are projecting historic growth in investments (4.1%), hiring (3.1%) and wages (2.7%).  Projected wage growth is the fastest in 17 years. The bottom line – manufacturing is on fire!           Now to turn general perceptions on its head, Industry Week did a study of the top states for manufacturing jobs and California was #1! Clearly, this was accomplished in a state that doesn’t favor manufacturing jobs (even though they pay well).  Manufacturing…
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The Economy and the Inland Empire are on Fire!

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IE Forecasts Since we attended not one but two economic forecast events last week (one hosted by Claremont McKenna and one hosted by the Inland Empire Economic Partnership), we thought it made sense to share the take-aways:     The economy has never looked better especially in the Inland Empire – All the signs point up.  Even though folks are concerned about when the other shoe will drop, from an economic point-of-view, all appears positive.  Jobs at record levels with the Inland Empire leading California –  We are virtually at zero unemployment. Perhaps we need to be concerned about retaining…
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Global Manufacturers Struggle to Keep Up with Demand – Are You?

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Factories across the globe are showing signs of strain in keeping up with demand. Are you prepared to meet your demand – and your competitors?
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Will Robots Pay Back?

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I attended a compelling presentation for manufacturers and distributors on the latest trends in technology for manufacturing. Robots were front and center.
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What Should Manufacturers Be Thinking with Potential Tax Changes?

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The tax rates for manufacturers and distributors will go down overall, but it certainly has the potential to creep up, so now is the time to make good business decisions.
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Which Business Best Practices Do Top Notch Trusted Advisors See?

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In my ProVisors ODAM (Ontario-hosted Distributors and Manufacturers group – don’t you love the play on words?) meeting this month, we discussed business best practices we’ve seen with our manufacturing and distribution clients. It was a fascinating discussion as our group is diverse and consists of the most respected attorneys, CPAs, commercial insurance, business financial advisers, and consultants from around Southern California. Yet, we agreed rather quickly on core best practices. Thanks to Ron Penland for making the meetings engaging and trend-worthy. Here are some of the top themes surrounding best practices: Start by understanding financial statements and cost –…
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Electric Car Investment Surges Among Big and Unexpected Names

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Dyson just announced it will build a radically different electric car by 2020. What is particularly interesting is that Dyson is not who you would expect to get into electric cars. They are spending far more (one billion £) to develop the car than they are on the rest of their traditional business lines (vacuums and air filters). Obviously, they see vast potential. Similarly, Mercedes is aggressively targeting Tesla with a $1 billion electric push. Not only that, they are doing it in the U.S. – in Alabama to be specific. Electric car investments are stimulating a billion here and a billion there… What Should We…
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Wisconsin Provides HUGE Tax Incentives to Lure Apple Manufacturer

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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. Clearly, it also shows that manufacturing is relevant in today’s environment. Have you thought about whether you are…
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Walmart Raising the Supply Chain Metrics Bar

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One of my clients forwarded this Business Insider article about Walmart’s supply chain metrics. Walmart is not only requiring an increase in OTIF (on-time-in-full) delivery performance but it also will charge penalties for suppliers that don’t live up to the metric! Creating an efficient supply chain is critical for Walmart, so they are taking this proactive stance. This is prevalent throughout our manufacturing and distribution clients – regardless of industry. For example, in aerospace, there are very similar supply chain metrics and penalties. If we want to grow our businesses, we must develop excellence throughout our supply chain. Just think, there…
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Lisa Anderson Releases Book to Spur Business Innovation

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Lisa Anderson MBA, CSCP, CLTD, known as the Manufacturing Business Transformer(SM) and president of LMA Consulting Group, released her book, I’ve Been Thinking…Turning Everyday Interactions into Profitable Opportunities, as a roadmap for businesses, manufacturers and distributors to infuse innovation into their daily work practices. The book is packed with over 100 of Anderson’s insights and strategies on how to create bold customer promises and profits by transforming business performance while keeping an eye on the global perspective and seeing what others cannot in order to create dramatic customer experiences and profitable opportunities. Anderson relies on her global consulting practice where she draws on her…
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