The Industry Digest 63cab8369f25e

The Industry Digest: Are manufacturers taking the right steps to combat inflation?

Jan. 20, 2023
Here are this week’s industrial trends and perspectives, including how states can attract manufacturers.

The internet is a vast space that is filled with rabbit holes, endless search results, and adorable cat videos that will consume your entire day in a flash. Finding the information and insights you need to improve productivity and efficiency at your facility can be daunting. Luckily, Plant Services is here to help. We search the web and curate the industry perspectives, trends, and topics that will affect you and your industry. Here are a few of our favorite stories from this week.

Seven Things Manufacturing And Industrial Leaders Can Do To Combat Inflation [Forbes]
Inflation is being felt by citizens and companies alike, forcing both groups to take a hard look at their budgets. Manufacturers also must contend with other factors, such as the widening skills gap and supply chain issues, greatly affect their bottom lines. If you too are looking for some relief, this article offers seven steps manufacturers can take to limit the impact of inflation.

Top 5 ERP Selection Criteria []
Enterprise resource planning (ERP) software is an essential tool for many manufacturers but selecting the right system can be daunting. Sometimes companies become so fixated on the functionality of the ERP that they fail to consider other influential criteria. This article highlights five important, yet sometimes overlooked, ERP selection criteria.  

5 Ways States Can Boost Manufacturing [Thomas]
There is no denying that manufacturing is a critical component of most states’ economic development. Every day, mayors and governors from across the country announce plans for new manufacturing facilities within their states and towns. But can states be doing more to attract manufacturing companies? This article highlights five steps states can take to make manufacturing a priority.

How COVID changed supply chains forever, according to a distinguished professor in the field who’s studied them for the last 2 decades [Fortune]
Supply chain woes have been plaguing consumers and manufacturers alike since the start of 2020. But manufacturers refuse to be defeated. With each new disruption, manufacturers have been changing and evolving in an effort to create a more resilient supply chain. This article highlights three changes in how companies manage their supply chains and what the repercussions will be.

Hiring Challenges Lead to Apprenticeship Training Program [FacilitiesNet]
Workforce shortages are not limited to the manufacturing industry. Even institutions like Kent State University can have trouble recruiting new workers for positions like building maintenance mechanic. This article highlights how the university designed and implemented an apprenticeship program to take current unskilled workers and train them for a full-time career.

About the Author

Alexis Gajewski | Senior Content Strategist

Alexis Gajewski has over 15 years of experience in the maintenance, reliability, operations, and manufacturing space. She joined Plant Services in 2008 and works to bring readers the news, insight, and information they need to make the right decisions for their plants. Alexis also authors “The Lighter Side of Manufacturing,” a blog that highlights the fun and innovative advances in the industrial sector. 

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