By Rachael Pfenninger, director of strategic execution, AMBA In spring 2024, AMBA published its 2024 Health and Benefits Report, where executives and management teams expressed significant concern over rising healthcare and benefits costs. Now, as indicated from the data in the recent AMBA 2024 Shop Rate Report, it looks like this business area was just one cost of many that … [Read more...] about Rates Rise in Response to Costs and Labor Challenges, 2024 Shop Rate Data Indicates
Benchmarking
US Manufacturers Face Threat of Increasing Healthcare Rates, Seek Answers to Protecting Margins
By Andrew Carlsgaard, analytics director, First Resource In an increasingly competitive landscape for hiring and retaining skilled employees, rising healthcare and benefits costs for employers in the United States manufacturing sector have become a significant concern. These employers often face challenges in providing affordable healthcare benefits to their employees while … [Read more...] about US Manufacturers Face Threat of Increasing Healthcare Rates, Seek Answers to Protecting Margins
The State of US Mold Manufacturing: How Mold Builders are Doing More with Less
By Rachael Pfenninger, director of strategic execution, AMBA In 2015, US mold manufacturers were experiencing a revival of optimism. For instance, a whopping 60% of mold builders anticipated their business increasing substantially over the coming three months. The average number of shop hours hovered around 50, while design hours were around 47. Over three-quarters of … [Read more...] about The State of US Mold Manufacturing: How Mold Builders are Doing More with Less
US Mold Builders Look Beyond Financial Incentives to Attract and Retain Employees
By Rachael Pfenninger, director of strategic execution, AMBA In recent months, the need for employees – in all areas of the US manufacturing operations – has risen to a fever pitch. According to the Indeed Job Posting Index, employer demand in the manufacturing sector was 51.3% above pre-pandemic levels as of September 2023. When taking into account the pre-existing skills … [Read more...] about US Mold Builders Look Beyond Financial Incentives to Attract and Retain Employees
Reimagining Business, Data and More in the US Mold Manufacturing Industry
By Rachael Pfenninger, director of strategic execution, AMBA It is difficult for even the most forward-thinking companies to embrace innovation and the ways their companies can be run differently on a continual basis. Regardless of market specialization, workforce size or company capabilities, evaluating opportunities and transforming one’s business model can feel like a … [Read more...] about Reimagining Business, Data and More in the US Mold Manufacturing Industry
AMBA Releases 2023 Industry-Wide Shop Rate Data to Membership
By Rachael Pfenninger, director of strategic execution, AMBA At the end of 2022, American Mold Builders Association (AMBA) members indicated that wages for their employee workforces continue to rise, despite continuing challenges related to inflation and the current economic environment. These mold manufacturers are hoping that, by offering competitive wages, they will be … [Read more...] about AMBA Releases 2023 Industry-Wide Shop Rate Data to Membership