Inflation, Interest Rates, and the Federal Reserve

Posted by IMEC on Sep 16, 2022 12:36:40 PM

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

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A Macroeconomic Check-in

Posted by IMEC on Aug 26, 2022 2:40:45 PM

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

US Real Gross Domestic Product (Real GDP) in the second quarter of 2022 came in 0.23% below the first quarter, marking two consecutive quarters of contraction and fulfilling the technical definition of a recession. While the word “recession” tends to elicit fear, we do not believe the current economic situation warrants significant concern. The decline was led by imports outpacing exports, changes in private inventory investment (not a reduction, but rather a smaller increase), lower fixed investment in residential and nonresidential structures, and a decrease in government expenditures and investments. However, core segments such as consumer spending, the labor market, and the industrial sector are on solid footing − more on this below.

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Consumer and Corporate Check Up

Posted by IMEC on Jul 22, 2022 8:26:03 AM

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

Headlines today are full of recession fears, with mentions of falling stock prices, high inflation, and rising interest rates. To better understand whether we are actually headed toward a severe recession, let’s take a closer look at the underlying fundamentals in the economy.

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DRIVE BIG CHANGE: Transforming Leadership and Culture Through Team Coaching

Posted by Stacey Curry on Jul 8, 2022 9:46:09 PM

This article first appeared in Industry Week.

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Beyond Headlines: What to Do With the Latest Economic News

Posted by IMEC on May 19, 2022 2:13:39 PM

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

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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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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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Aligning Domestic Sourcing Efforts with Business Success

Posted by IMEC on Mar 8, 2022 3:51:21 PM

This is an original article from NIST Manufacturing Innovation Blog.

Disruptions in the global supply chain have led to a new dynamic for many small and medium-sized manufacturers (SMMs) – the need to be more strategic about “second sourcing” and reshoring. The biggest increase is in what’s referred to as second sourcing, which adds redundancies such as a second source of a supply to minimize risk while increasing options. But supply chain experts also are seeing an interest in relying long term on domestic supply sources. 

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Build Bench Strength: Developing Your Talent Succession Plan

Posted by Stacey Curry on Feb 9, 2022 2:07:39 PM

Recruiting and hiring new employees is costly and time-consuming. It has been noted, an average organization loses anywhere between 1% and 2.5% of revenue on the time it takes to onboard and orientate a new hire to their position. And manufacturing organizations are experiencing a steady decline in hiring.

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How to Improve Cash Flow in Your Manufacturing Business

Posted by IMEC on Dec 21, 2021 8:00:00 AM

Cash-flow strategies are imperative in manufacturing because the cash-conversion cycle can be quite lengthy. Here are several strategies to consider for your business:

 

Track Your Cash Flow
The only way to know where your cash is going is by monitoring your cash flow biweekly or monthly.

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