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
Benchmarking
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
It’s Not About Price! Strategies to Compete in the Global Marketplace
By Rachael Pfenninger, director of strategic execution, AMBA According to AMBA’s most recent Business Forecast Survey, the US mold manufacturing industry is facing its most varied landscape of challenges to date. Rising material costs and thin margins – combined with skyrocketing inflation – have forced domestic mold manufacturers to find new and creative ways to continually … [Read more...] about It’s Not About Price! Strategies to Compete in the Global Marketplace
Recession and Growth: Building Resiliency in a Mold Shop
By Laurie Harbour, president and CEO, Harbour Results, Inc. It’s been an interesting three years for the manufacturing industry. In 2020, the industry was hit by COVID-19. Together, everyone learned what to do. Despite starts and stops, ups and downs, the tooling industry persevered. Then, in 2021, it was a year of unprecedented high demand for energy and major durable … [Read more...] about Recession and Growth: Building Resiliency in a Mold Shop
Cautious Optimism Vies with Varied Challenges in 2023
By Rachael Pfenninger, director of strategic execution, AMBA Cautious optimism reigned in this year’s American Mold Builders Association (AMBA) 2023 Business Forecast Report, where just over 90% of respondents indicated that business conditions were fair or better. However, other economic factors – such as inflation and continuing pressure from foreign competition – continue … [Read more...] about Cautious Optimism Vies with Varied Challenges in 2023
Are Workforce Woes Improving? Data Points to Positive Indicators
by Rachael Pfenninger, director of strategic execution, AMBA As Americans nationwide experience the pinch of inflation, wages continue to be an increasingly hot topic of conversation. Paired with the persistent labor issue (an industry-wide challenge made worse by the coronavirus pandemic), employers are scrambling to see how they can remain competitive in the war for … [Read more...] about Are Workforce Woes Improving? Data Points to Positive Indicators