Manufacturing opportunities mean finding talent, instilling culture | Take a hands-on approach to root out overprocessing | Column: AR offers numerous benefits for manufacturers
June 18, 2018
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Manufacturing opportunities mean finding talent, instilling culture
Manufacturers expanding in the US share common challenges, including finding skilled workers and determining the corporate culture. UGN has grappled with instilling a shared lean culture across several facilities in the US and one in Mexico.
IndustryWeek (6/15) 
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Take a hands-on approach to root out overprocessing
Identifying overprocessing in lean manufacturing requires a hands-on approach because most issues are happening on the factory floor, not in the boardroom, says Tim Murray of UK consultancy Newton. "Manufacturers should challenge themselves: '[I]f it's not adding value, then why are we doing it?' " he says.
Manufacturing Global (6/16) 
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Column: AR offers numerous benefits for manufacturers
Augmented reality, when paired with strong security, is an opportunity for manufacturers to work faster, improve workflow and access plant data more easily, write Epson's Leon Laroue and Lenny Kontsevich of Redrock Biometrics. "Embracing a secure, user friendly way to authenticate the access to sensitive data only increases the benefits of using augmented reality in the manufacturing space," they write.
Smart Industry (6/15) 
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SMITH’s Guide to: Commerce for Manufacturers
If you're one of the 60% of US manufacturers without an eCommerce platform, you're missing your share of nearly $1 trillion in B2B eCommerce this year. From managing complex distributor relationships to implementing auto-replenishment, start your journey by downloading our free guide here.
Supply Chain
Rising shipping costs have retailers rethinking logistics
Rising shipping costs have retailers rethinking logistics
(Scott Olson/Getty Images)
Retailers including Dollar General and Costco Wholesale, and manufacturers like Hostess Brands and Hormel Foods, are making changes to the supply chain amid rising freight costs and shipping delays. Dollar General has added distribution centers, expanded its private truck fleet and added more trucking companies to encourage competitive pricing.
The Wall Street Journal (tiered subscription model) (6/17) 
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EC Electronics looks to make supply chain tracking easier
EC Electronics, a company providing manufacturing support for original equipment manufacturers, is working to incorporate flexible integrated circuits and other hardware innovations to make supply chains more flexible. "These flexible integrated circuits could revolutionize supply chain and stock control, allowing companies to identify and track products from manufacture throughout their life cycles, even until a product ends up in the refuse or recycling," says company official Phil Simmonds.
Supply Chain Digital online (6/15) 
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Best practices to unlock your customer journey
A robust registration strategy is a key part of digital transformation. Learn the best practices for using registration to understand customer journeys and drive digital transformation in this white paper from Altimeter Principal Analyst Charlene Li.
Take a fresh look at your safety instrumented systems
The latest edition of the IEC 61511 standard requires many companies to re-examine whether they can grandfather in their safety instrumented systems, writes Angela Summers, president of SIS-TECH Solutions. Summers outlines several scenarios where existing SIS can be left "as is."
Chemical Processing (6/15) 
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Featured Content
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    Workforce of Tomorrow
    Siemens' talent perspective is global
    Siemens' global outlook on talent acquisition spans more than 100 countries and allows it to recruit more than 35,000 new hires each year, says executive Sebastian Hubert. "Thinking globally but being relevant locally is key to success when creating impact and transforming a global function like talent acquisition," Hubert says.
    Profile magazine (6/13) 
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    Students enroll in Ready to Work boot camp
    Twenty-two students who recently graduated are planning to participate in the Ready To Work manufacturing boot camp in Florida. The program will include tours and job opportunities at six area firms.
    WPTV-TV (West Palm Beach, Fla.) (6/12) 
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    NAM News
    Monday Economic Report
    Monday Economic Report
    As expected, the Federal Open Market Committee ended its June 12-13 meeting by hiking short-term rates by 25 basis points. This action -- the second increase so far in 2018 -- was widely expected, with markets already pricing it in. More importantly, the Federal Reserve's economic projections signal that there could be four hikes in the federal funds rate this year, up from a consensus estimate of around three. With the Federal Reserve's action, the target range for the federal funds rate is now 1.75% to 2%. The projections show that range rising to 2.4% by the end of 2018 and 3.1% in 2019. The latter would indicate three hikes next year. With that said, the FOMC will hinge future interest rate increases on incoming data. The acceleration of rate hikes likely stems from expectations of faster growth, especially in the labor market. Read more.
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