While it's impossible to pinpoint the timing of an economic pullback or recession, it is possible to take steps to help protect your business during such an event, as well as create ongoing resilience and prepare for the upswing!
This article is co-authored by Ashley Beaudoin and Lisa Kenney.
COVID-19 continues to disrupt organizations worldwide and uncertainty remains at an all-time high as leaders and members of the workforce begin to rebuild the new normal.
As companies transition back to normalcy, it is important for leaders to gain insight from employees to make sure the workplace and company culture return to a place of stability as quickly as possible.
This is an original article, written by Trim Tex.
The story of every successful manufacturer is one of nonstop self-improvement. What may have been an effective process five or 10 or 20 years ago — or, for a manufacturer with a history as long as Trim-Tex’s, 50-plus years ago — may no longer be the best road forward. To provide customers with the best possible products and services, sometimes it can take a manufacturer shattering its own status quo. And sometimes that may take a little extra education. This is exactly what some folks here at Trim-Tex are doing, by enlisting in Six Sigma “Green Belt” certification training.
The Coronavirus gave businesses two choices when it interrupted life as we knew it: wait and see if the storm passes or lead the charge through the storm. Gold Eagle, among many manufacturers, chose the latter. This 4th generation family business, built on the manufacturing and marketing of engine additives and surface cleaners, treatments and protectants, has put a whole new spin on the term “hero.”
From time to time, events occur which shine a light on weaknesses as to the flow of data within our existing information systems. Looking back at my year with IMEC, several of these types of events readily come to mind which to a varying degree affected nearly everyone including Y2K, 9/11 and the Great/Global Recession, while many other events affected certain sectors of the populace, such as regional power or widespread internet outages. In each of these instances, system shortcomings were exposed and inconveniences were experienced.
This is an original article by Steve Cavolick of LRS IT Solutions.
The economic downturn from the Coronavirus has rewritten the rules of business and caused entire verticals to change direction overnight, and manufacturing is one of the industries that has morphed quickly in order to lead the country through the pandemic.
When demand exploded earlier this year for goods that sanitized and machines to help very sick people breathe, facilities that produced consumable alcohol switched to making anti-microbial gels and auto manufacturers stopped producing cars in order to build ventilators.
Microplastics, Inc. of St. Charles is the second recipient of the Illinois Manufacturing Innovation Voucher, receiving matching funds that include additional investment from the Kane County Innovation Voucher.
Some of you may have taken advantage of the Paycheck Protection Program (PPP). Borrowers who took loans under the PPP and would like to request forgiveness of their loan must complete an application. On Friday, May 15 the US Treasury released the Paycheck Protection Program loan forgiveness application.
This is an original article from the NIST Manufacturing Innovation Blog, written by Brian Hagas.
Many organizations are maintaining or re-starting operations at their facility. Here are some guidelines that can help you ensure employee safety and proper machine and process startup as you resume operations:
