For organizations to be successful they must always be evolving. Even in the best of times, the shifts and changes of that evolution often take a toll on people. The best leaders understand the nature of change exhaustion and act to reduce it, especially in times of great change and stress. Of... Continue Reading
Now is the time to prepare your business for the recession. In addition to the typical strategies of cost-cutting and cash flow management, add culture-building. A healthy, effective, and resilient company culture can help you not just survive, but actually thrive during an economic... Continue Reading
The U.S. manufacturing industry is looking at a potential shortage of 2.4 million workers in the next decade. Here are my tips on how to overcome this shortage with more effective training. As we dive headlong into current and pending U.S. manufacturing labor shortages, it’s critical to... Continue Reading
MTI’s economic forecast partner, ITR Economics, is forecasting good economic growth between now and 2030. This will not come without a hiccup along the way, but it is growth that will take a turn early 2030, to a pretty significant downturn. There are many factors that will lead to that... Continue Reading
With the reconciliation legislation approved by the U.S. Senate and set for a vote in the House this afternoon, manufacturers across the country are working to understand how the legislation would impact their work. The NAM has compiled a policy guideto offer some useful information about the... Continue Reading
My Dad used to say, “Decide. Delegate. And disappear.” Delegation is an important component of most leadership roles, but you must understand that delegating the job doesn’t mean delegating the responsibility. You are still responsible, even if you are getting someone else to do... Continue Reading
For organizations to be successful they must always be evolving. Even in the best of times, the shifts and changes of that evolution often take a toll on people. The best leaders understand the nature of change exhaustion and act to reduce it, especially in times of great change and stress. Of... Continue Reading
U.S. manufacturing production probably peaked during the second quarter, though the data are noisy and conflicting, and a turning point may not become obvious until September or October. U.S. manufacturing output in June was down by 0.4% compared with March though it was still up by 3.6%... Continue Reading
Two articles in yesterday’s Wall Street Journal reminded me that unless we are purposeful about our culture and work relationships, things will get messy. One article focuses on annoying colleagues back in office together, and the other on heavy demands from CEOs. Both articles identify... Continue Reading
Manufacturing is ubiquitous in modern life. Our computers, our cars, and many of the products we use daily are created using advanced manufacturing systems. To meet the future needs of manufacturing in a high-tech world, existing manufacturing systems must evolve and new ones need to emerge. This... Continue Reading
U.S. manufacturing activity slowed less than expected in July and there were signs that supply constraints are easing, with a measure of prices paid for inputs by factories falling to a two-year low, suggesting inflation has probably peaked. While the Institute for Supply Management survey on... Continue Reading
According to the FBI’s 2021 Internet Crime Report, there were 847,376 cybersecurity complaints last year, representing almost $7 billion in business losses. That’s an increase from 301,580 claims representing $1.4 billion in losses in 2017. This, despite the fact that businesses and... Continue Reading
