By Tom Wojcinski, principal, and Michael J. Devereux II, CPA, CMP, partner, Wipfli While talking with a group of manufacturers, one asked if there was anything it could do to ensure its operations are not hacked. But, of course, there is no way that’s possible, especially in today’s connected manufacturing environment. Even if a company disconnected everything from the … [Read more...] about Protecting Manufacturers from Digital Disruption
Business Strategies
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
Creativity over Capital Expenditures at Byrne Tool + Design
By Liz Stevens, writer, The American Mold Builder Byrne Tool + Design recently hosted an AMBA plant tour of the company’s Rockford, Michigan, operation, during which the manufacturer discussed and demonstrated an array of business practices to leverage creativity – as opposed to spending capital – to remain competitive and profitable. For this View from 30, The American Mold … [Read more...] about Creativity over Capital Expenditures at Byrne Tool + Design
How to Get the Most Out of Attending NPE2024
By Greg Hannoosh and Mark Malloy, Next Step Communications, Inc. North America’s biggest and best plastics event is back and NPE2024 is coming to Orlando from May 6-10. 2024. The folks at the Plastics Industry Association (PLASTICS) have been working hard to make sure the first NPE since 2018, will be the best yet. If you are one of the over 55,000 people projected to … [Read more...] about How to Get the Most Out of Attending NPE2024
Strategic Planning for 2024: Contracts, Labor Market and Tax Impacts
By Lindsey Munson, editor, The American Mold Builder In a matter of weeks, 2023 will come to a close and companies will begin the important task of analyzing the prior months to then take those learnings and build a strategic plan for 2024. Ultimately, this will paint a clear direction for management and internal teams as they head into a new year. By taking early … [Read more...] about Strategic Planning for 2024: Contracts, Labor Market and Tax Impacts