By Omar S. Nashashibi, founder, Inside Beltway In 2023, Mexico surpassed China as the largest importer of goods into the US, increasing shipments by nearly 5%. Also in 2023, China’s Foreign Direct Investment (FDI) in new facility construction and expansion in Mexico reached $5.6 billion, up from $267 million in 2018. In addition, during the first eight months of 2024, the … [Read more...] about Made in Mexico? Maybe.
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Maintaining Increased Profitability
By Sujit Sheth, monitoring business manager, Progressive Components Molds are a molder’s most critical asset. When a mold is not running, – bad things happen – including parts are not being produced, labor is underutilized, revenue is not generated, supply chains are delayed and customer relations can be strained. Despite these ramifications, many molders’ toolrooms are … [Read more...] about Maintaining Increased Profitability
Effective Leadership Planning for NextGen Succession
By Lindsey Munson, editor, The American Mold Builder “If you can’t be replaced, you can’t be promoted,” are words that resonate with leaders. This quote stands as a simple reminder and sound advice to those seeking a leadership role or being a “succession” – on-the-job training and sharing processes and procedures are critical components to reaching the next step on the … [Read more...] about Effective Leadership Planning for NextGen Succession
Mitigate Risks with a Crisis Plan
By Shelly Otenbaker, president, WayPoint Marketing Communications “An ounce of prevention is worth a pound of cure.” Many are aware of this phrase, but few follow it. In manufacturing, taking small, proactive steps to prevent a problem is far more effective and less costly than dealing with the consequences once the problem occurs – especially when managing a crisis. A … [Read more...] about Mitigate Risks with a Crisis Plan
Mold Manufacturing Outlook for 2025
By Lindsey Munson, editor, The American Mold Builder Mold manufacturing sets its sights on a positive outlook in 2025, from global market and economic growth to an increase in automation, operational efficiencies and sustainability practices. With that, manufacturers also are keenly aware, even in an optimistic state, to strategically plan and brace for challenges of … [Read more...] about Mold Manufacturing Outlook for 2025