Manufacturing incubators can offer contacts and support, help manage risk while encouraging innovation, and reduce costs, writes Katherine Began of Polycase. Incubators can also potentially provide equipment that manufacturers otherwise wouldn't access.
The purchasing managers index for US manufacturing this month is at its lowest level since 2009, although still expanding at 50.6, IHS Markit says. New orders shrank for the first time in nearly a decade.
Offshore wind is an incredible job creator and economic opportunity for US states, with 1 gigawatt of capacity translating to 8,000 jobs, says IHS Market executive Philippe Frangules. "This is a big job-creation story," he says.
When Sandra MacQuillan took the chief supply chain officer role at Kimberly-Clark four years ago, she aimed to shift the company's supply chain so it created value "from source to shelf," which she did by partnering with other business units and ensuring that the right talent was in place. "We could achieve this through three processes: standardization, simplification and collaboration," she said.
Wearable devices can help workers and improve efficiency in the supply chain, but the data they collect for employers is raising privacy concerns. Experts reflect on these issues and say that employers could begin requiring workers to use wearables.
Warehousing and distribution centers are looking for older workers to fill labor gaps, and technology is helping them bear the physical burden more safely. Loading docks are a key part of this development, writes Rite-Hite Product Manager Chad Dillavou.
Companies should set sustainable packaging goals to improve their reputation and stay ahead of any regulations, writes Tristanne Davis, senior manager for the Sustainable Packaging Coalition. Sustainability goals will improve a company's position in the marketplace, as many millennials are attracted to companies that want to improve society.
Attracting and holding on to qualified workers is the top concern for Minnesota manufacturers surveyed by Enterprise Minnesota, outranking worries about the cost of providing insurance and paying for energy and materials. One possible solution is working closely with state schools to develop skills in youth, said Erik Hokuf of AirCorps Aviation.