Industry Digest 64024112db75d

Companies will lose top talent if they do not properly address inflation

March 17, 2023
Here are this week’s industrial trends and perspectives, including how quality management can enhance plant floor effectiveness and efficiency.

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.

Energy Crisis: Are Industrial Manufacturers Sustainable Enough To Tackle It? [Forbes]
Energy supply instability is forcing many manufacturers to rethink their sustainability efforts. “Going green” is no longer a catch phrase used by the marketing department but rather a business initiative if companies want to remain profitable. As energy prices grow ever higher, this article offers advice on how industry can devise a sustainability plan that is good for the environment, the economy, and the bottom line. 

AI Speeds Manufacturing Supply Chains [SME]
Improving supply chain management and increasing resiliency are top priorities for most manufacturers. One way companies can achieve these goals is by implementing artificial intelligence and machine learning to uncover actionable data hidden in various silos. This article explores how manufacturers can implement artificial intelligence to gain greater visibility into their supply chains.

Why Manufacturing Employees Have Negotiating Power Amid Inflation [Thomas]
Rising inflation rates are squeezing manufacturers as the price of everything from raw materials to assets continues to climb higher. However, this age of inflation, combined with a tight labor market and a widening skills gap, may give employees increased leverage when asking for salary increases and improved benefits. This article illustrates why companies will lose top talent if they do not properly address inflation. 

Linking Quality Management with Plant Floor Effectiveness []
Quality management is not a new concept, but it can be essential for companies looking to grow and improve. Manufacturers who implement a quality management system can see its impact throughout the company, especially on the plant floor. This article outlines four ways quality management can enhance plant floor effectiveness and efficiency.

Entrepreneurs, Now Might Be The Time To Nearshore Your Manufacturing Or Supply Chain. Insights From A Sourcing Expert [Forbes]
Nearshoring is the new trend in manufacturing with more and more businesses building factories and partnerships in countries other than China. Whether driven by state and federal incentives, rising labor and shipping costs, or a desire to improve supply chain resiliency, nearshoring is a part of many companies’ three-year plans. This article offers advice to manufacturers who are ready to make the switch. 

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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