Is a Recession Looming? A Strong US Consumer Suggests Otherwise

Posted by IMEC on Apr 21, 2022 11:54:51 AM

This article is provided by ITR Economics in partnership with IMEC.

Consumers and businesses alike are expressing increasing concern over the possibility of a recession for the US economy in 2022 or 2023. Analysts have referenced rising interest rates, high inflation, and a brief inversion of a portion of the yield curve, among other datapoints, as evidence that may indicate upcoming contraction. We at ITR Economics are here to cut through the headlines and reassure you that the US economy will grow through at least 2024 – we do not anticipate a recession until 2026. Our forecast for US Real Gross Domestic Product (GDP) calls for a general slowing growth trend to culminate in relatively flat GDP around early 2023. The pace of growth will then pick up steam into 2024.

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FOCUS ON QUALITY: Wagner Machine Co. Achieves ISO 9001:2015 and AS9100D Certification

Posted by Simone Erskine on Apr 14, 2022 10:28:43 AM

Champaign precision machine shop improves quality and processes, and sees an increase in new customers after achieving dual certifications for ISO 9001:2015 and AS9100D.

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2021 MEP National Network Impacts

Posted by IMEC on Apr 13, 2022 10:16:06 AM

The MEP National Network equips U.S. manufacturers with the tools and resources necessary to be competitive in today’s rapidly changing marketplace. With MEP Centers in all 50 states and Puerto Rico, U.S. manufacturers have easy access to comprehensive, proven solutions. In fiscal year (FY) 2021, the Network interacted with 34,307 manufacturers.

Below, you will find a summary of the nationwide 2021 impacts. 

To read about IMEC reported metrics for 2021, please click here

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The 6 Basics You Need for Successful Marketing

Posted by IMEC on Apr 6, 2022 11:44:55 AM

This article is written by Winsby.

From initial planning to analyzing the results

Marketing seems simple: you’re just spreading the word about your company, right? That doesn’t take much skill, right? Wrong and wrong.

Marketing requires more than just putting together an email or writing an ad. Marketing is a nuanced, multifaceted process that can overwhelm even the most successful business operators.

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Strategic Planning and Execution: The Guidepost for Business Success

Posted by Dean Harms on Mar 31, 2022 3:45:32 PM

Guidepost: A post, at the intersection of 2 or more roads bearing a sign for the guidance of travelers.

It’s the year 2022. The challenges now and over the next several years in manufacturing are significant. The landscape is everchanging with much of this driven by technological and societal change that is advancing us into the new frontier of the 4th Industrial Revolution. So just exactly how do we find our way? How do we focus and work on things that really matter? One thing is for sure, you can follow, or you can lead! And if you lead, what direction do you go and how do you stay the course? To begin, let’s think Strategic Planning and Execution.

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How Manufacturers Are Using Online Marketing to Do More With Less

Posted by IMEC on Mar 30, 2022 11:00:41 AM

This article is written by StratMg.

Looking for ways to achieve consistent manufacturing sales growth? This post introduces B2B digital marketing strategies that we’ve seen generate more than $100M+ in sales for our industrial manufacturing partners. This method gets results!

So, if you’re seeking solutions for sustained manufacturing sales growth with less effort and time, read on!

Then, learn even more about putting digital marketing strategies into action in our manufacturing sales growth webinar produced in partnership with IMEC (the Illinois Manufacturing Excellence Center).

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4 Guaranteed Ways to NOT Get Feedback in the Future

Posted by Jeff Allspaugh on Mar 30, 2022 10:19:17 AM

It’s probably never happened to you, but have you ever found that you don’t get good and useful feedback from your staff, teammates, leadership, and maybe even family or friends? You ask, then… crickets? It may be that you’ve trained them that way.

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BEGIN WITH MINDSET: How to Cultivate a More Inclusive Workplace

Posted by Paola Velasquez on Mar 25, 2022 4:39:52 PM

As we navigate past the pandemic, companies are facing the effects of the “great resignation.” Diversity and inclusion are no longer a nice to have, but an essential part of a company to thrive and grow. Research has proven over time that diversity, equity, and inclusion (DEI) practices contribute to organizational success, such as 70% more likely than their peers to capture new markets or 25% more financial returns above the national industry mean for companies that are top quartile for gender diverse executive teams.

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Get to Know IMEC’s Board of Directors: David Carroll

Posted by Jordyn Shawhan on Mar 24, 2022 11:59:20 AM

IMEC’s Board of Directors is comprised of professionals across various industries, including food manufacturing, medical device manufacturing, advertising, law, academia, and now aerospace.

As one of the newest members to the board, Dr. David Carroll, Co-Founder and President of CU Aerospace in Champaign, IL, sat down with IMEC to discuss how CU Aerospace was formed and why it is a gamechanger in the aerospace industry.

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Economic Fundamentals Matter Most, but War in Ukraine Poses Risks

Posted by IMEC on Mar 17, 2022 12:47:56 PM

This article is provided by ITR Economics in partnership with IMEC.

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