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Manufacturing Day Looked Different This Year, But It Was More Important Than Ever

By: Eric Miller, Industry Week Even though the pandemic threw us all a curveball this year, Miller Fabrication Solutions didn’t let it hold us back. We could’ve opted out of participation in Manufacturing Day (MFG Day), thereby ending our six-year streak. Instead, we decided to double down, because the event is too important to our company for us to sit it out. Miller is a metal fabrication supplier-partner for global original equipment manufacturers. We have almost 400 employees across three production facilities in western Pennsylvania. While we have a significant footprint in our region and our customers have operations all over the world, it isn’t often we have a chance to put our compan

Suddenly ABL

Manufacturing companies experiencing stress can suddenly find themselves in the market for an Asset Based Lending product (ABL). This strategy is usually employed to replace an existing Bank Lending Relationship. It is important to realize most of these situations have not developed overnight, so it is important for companies to react swiftly to fix problems before things get this far. Most commonly, an ABL Lender is being considered because cash flow has gotten tight, the terms of an existing bank relationship have been violated, or the existing bank is not willing to extend its relationship beyond current commitments. Most small to mid-sized businesses have little or no experience in this

NWIRC - Driving Impact for Manufacturers

Northwest Industrial Resource Center (NWIRC) is a private-public partnership serving manufacturers throughout 13-counties of northwest and north central Pennsylvania for over thirty years. The organization is a strong advocate for manufacturing and is driven by the impact their consulting and training services has on each manufacturing company they work with, the industry as a whole, and the regional economy. Their mission is to improve the competitiveness of small and medium-sized manufacturing companies by enhancing productivity and technological performance resulting in measurable impact. This is accomplished through the implementation of next generation manufacturing strategies, world-cl

DIGITIZED SUPPLY CHAIN FINANCE EXTENDS LIFELINE TO SMEs

Digital supply chain finance programs are opening new pathways for lenders looking to support small- to medium-sized enterprises, which have been hit hardest by the COVID-19 pandemic. These resources will help provide liquidity now and should continue to be useful in the future. BY LISA ROBERTS, ABF Journal Accounting for 44% of total U.S. GDP, small- to medium-sized enterprises (SMEs) have long served as the driving force behind the country’s economy, serving as a breeding ground for entrepreneurship and an essential source of employment. Arguably, this group has been affected the most by the COVID-19 pandemic, which has rocked the U.S. economy, with unemployment rising at a record rate and

The commonly unknown alternative to employee layoffs in the commonwealth

The goal of any successful business is to provide a great service or product at a competitive price. However, implementation of Covid-19 mitigation efforts to protect the health and safety of consumers and workers, has created unique challenges for businesses as they struggle to efficiently and safely operate while maintaining a profit. As a result, many companies have had to consider tough cost-saving measures, including employee layoffs. Before laying off employees, consider how much layoffs will impact your business in the future. In addition to creating an economic hardship to employees and negatively impacting morale and productivity, it may also lead to added costs for recruiting and t

Tork® Site Safety Guide Shares Hygiene and Safety Recommendations for Manufacturers

Hygiene and health company Essity has developed the Tork Site Safety Guide for Manufacturing to share best practices PHILADELPHIA, Oct. 8, 2020 /CNW/ -- Today, global health and hygiene company, Essity, the global manufacturer of Tork, has published the Tork Site Safety Guide for Manufacturing. This guide offers insights from Essity's first-hand experience confronting the pandemic and its role in advising on safer policy. It serves as a case study for other manufacturers to develop their own go-forward strategy for resuming operations. This comprehensive approach was created through collaboration with trade unions, industry bodies, as well as public health officials, and is designed to mitig

Holiday Gift Giving...Already???

The Alliance for American Manufacturing sent out the call for submissions in their 2020 Made In America Holiday Gift Guide. Their annual guide of American-made gifts from all 50 states (plus DC & Puerto Rico) is a great showcase for amazing Made in USA products. With the economic impact of COVID hitting so many companies across America, this year's guide is especially important. This holiday season can literally make or break many small businesses. It's so important to support the jobs and businesses in your communities during "normal" times but with our economic impact from COVID, it is making it even more imperative. If you have a favorite Made in America brand you use or produce, send it

Exploring the marvels of manufacturing contest launching

From The Bradford Era ERIE — Manufacturing Day occurs each year on the first Friday of October (this year Oct. 2) to celebrate modern manufacturing and inspire the next generation. Now many celebrate as Manufacturing Month, so NWIRC along with numerous community partners are launching a career exploration program to run throughout October. The activity is for students in grades 6-12 within 14 counties of northwestern PA. Teachers can use as a class project or students can participate on their own. The program includes having the student sharing a story about how manufacturing has touched their life and also and answering a few questions after watching three short What’s So Cool About Manufac

Changes in the manufacturing industry post-Covid-19 may surprise you

By: Steven Boender, Portland Business Journal As we enter the seventh month of business interruptions as a result of Covid-19, the chatter in the manufacturing community has turned from, “What short-term changes do we need to make to adapt to the current environment?” to, “What, if any, permanent changes or trends do we expect to rise out of the current crisis?” While the trade publications offer bold prognostications that things will never be the same, a measure of caution should be read into any of these predictions. The pandemic may in fact bring about sweeping, and lasting, changes to the way manufacturers operate their facilities, but there is an equal, if not greater, likelihood that c

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