Trucking and warehousing companies added 31,000 jobs last month as pandemic-driven e-commerce growth appears to be waning, Companies on the front lines of supply chains pulled back hiring in May amid signs that the boom in e-commerce demand is waning and consumers are shifting spending from... Continue Reading
Higher Mortgage Rates Have Dampened New Home Sales New single-family home sales tumbled 16.6% to 591,000 units at the annual rate in April, declining sharply for the fourth straight month and dropping to a post-pandemic low. The steep hike in mortgage rates and affordability issues have... Continue Reading
Summer is on the horizon, and for many of us, those above average temperatures have already hit. Unfortunately, higher temperatures and higher energy bills go hand in hand if not properly managed. Coupled with the volatile electricity and natural gas prices as of late, many businesses are looking... Continue Reading
The Department of Defense hopes to begin implementing its Cybersecurity Maturity Model Certification (CMMC) program requirements in contracts in May 2023, as part of an effort to prod hundreds of thousands of defense contractors to better protect their networks and controlled unclassified... Continue Reading
A recent survey of US manufacturing execs indicates that workforce challenges remain a major concern as end of 2022’s first half nears. Since the start of the COVID-19 pandemic, manufacturers have taken a number of steps to alleviate ongoing labor shortages, including raising wages and... Continue Reading
If you’re not already DFARS 252.204-7012 and NIST 800-171 compliant, NOW is the time to get started to avoid losing current and future Federal contracts. It’s not too late. Defense Federal Acquisition Regulation Supplement (DFARS) 252.204-7012 has been the buzz of the defense... Continue Reading
If you are like most heat treaters, the last 24 months have been some of the most challenging times in our history of being in business. Lost sales, increased costs, and a lack of qualified employees have plagued everyone in the heat treating industry. The good news is the economy is on the... Continue Reading
The ports of Los Angeles and Long Beach say containers are moving off crowded docks even though a planned penalty program has been repeatedly pushed back. Southern California port officials say the threat of a penalty fee, which has never been imposed, is a major reason cargo has been moving... Continue Reading
A fresh take on the classic theme of generic business strategies. Business strategy is fundamentally about allocating scarce resources to create the greatest impact on organizational performance. As a strategist, you will often be confronted with two broad innovation strategies:... Continue Reading
U.S. factory production rose at a solid pace for a third month in April, pointing to ongoing strength in the sector. The 0.8% increase followed a similar gain in March, Federal Reserve data showed Tuesday. Total industrial production, which also includes mining and utility output, climbed... Continue Reading
Only two words fully describe the MTI 2022 Spring Meeting: We’re BACK! Members attending the spring meeting in Hilton Head Island, SC were all pleased to see MTI meeting attendance rising back to pre-pandemic levels, with over 180 in attendance. The MTI Board of Trustees and... Continue Reading
Maybe Artificial Intelligence could be the answer to many workplace safety questions. According to computer science literature, Artificial Intelligence is defined as a technique that can mimic the behavior of the human brain. In recent years, we have seen more and more industry 4.0... Continue Reading
