Industry Digest

How manufacturers can take advantage of an economic downturn

Feb. 17, 2023
Here are this week’s industrial trends and perspectives, including how businesses can implement a comprehensive decarbonization strategy.

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.

Here's How Manufacturers Can Make A Recession Work To Their Advantage [Forbes]

Warren Buffett is known for saying “Be fearful when others are greedy and be greedy when others are fearful,” and the manufacturing industry might want to take this advice to heart. As we march toward a potential recession, manufacturers are uniquely positioned to take advantage of this downturn and maybe come out better than before.  

The aging workforce’s effect on electrical safety [Safety+Health]
As aging employees continue to retire and leave the workforce, they take with them a wealth of on-the-job knowledge that will be lost forever. However, they are also taking their reluctance to change with them, an attitude that isn't seen in this new generation of manufacturing workers. This provides leadership with an opportunity to build a new normal within their facilities, especially pertaining to electrical safety. 

What Recession? Manufacturers Still Plan to Spend Big [Bloomberg]
It seems like all anyone can talk about lately is the upcoming recession. Despite a forecast of doom and gloom, many manufacturers are taking this opportunity to continue investing in long-term improvement projects. After years of putting plans on the back burner due to a lack of labor and materials, manufacturers are ready to move forward.

Projecting the Future of Women in Manufacturing [Q&A] [Thomas]
Women, once discouraged from pursuing a career in manufacturing, are entering the industry in greater numbers each year. Whether working on the plant floor or occupying a leadership position, these women are making a difference, but there is still a lot of work to do. This article features an interview with Meaghan Ziemba, the host and founder of the Mavens of Manufacturing video series, who shares her thoughts on diversity in the manufacturing industry. 

Cleaning Up The Future Of Manufacturing: The Do's For Decarbonization [Forbes]
Clean and green technologies are taking center stage, but how sustainable are the manufacturing plants that produce components for solar panels, wind turbines, and electric vehicles? And is it financially feasible to make sustainable manufacturing a priority? This article outlines how businesses can implement a comprehensive decarbonization strategy.

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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