Manufacturing Industry Advisor

The latest news, developments, and trends in manufacturing

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Cybercrime is an ever-increasing threat from which manufacturers are not immune. Although reliable statistics are not available, one particular type of scheme that seems to be on the rise is vendor payment fraud.  In cases of vendor payment fraud, the fraudster poses as an existing supplier and provides the manufacturer with seemingly legitimate instructions changing the account payment information.  The exact means by which vendor payment fraud schemes are perpetrated can take many forms.  However,…
By guest author Gregg Wirth of the Legal Executive Institute. The American automotive industry in no longer making your father’s Oldsmobile — not by a long shot. Today, pushed by evolving consumer behaviors, transformative technologies, and global market pressures, the automobile industry has entered a new industrial revolution where ingenuity and opportunity coalesce, and the tools of the trade include adaptive cruise control, autonomous vehicles, and nanocellulose and cellular V2X technologies.…
Additive manufacturing (aka 3D printing) has long been a growing part of the auto industry.   Companies started out using 3D printing for prototypes and small batch production.  As technology advanced, the role of 3D printing is rapidly increasing.  This week, several major players in the auto industry announced new developments for the role of 3D printing in the industry.  HP unveiled its “Metal Jet” 3D printers, which it describes as 50 times more productive,…
The threat presented by Hurricane Florence has forced government officials to order South Carolina residents to evacuate hurricane zones. Safety should always be the No. 1 priority for the millions of individuals and families affected by the storm. The mandatory evacuation and closure of many businesses and schools in the area has shut down a number of manufacturing facilities and distributors located in South Carolina.…
There is a serious skills gap crisis in the U.S. manufacturing industry, an industry which makes up nine percent of the U.S. workforce, making it one of the largest workforces in the country.  The manufacturing industry, like many other industries in our quickly-shifting, modern economy, requires skilled workers to fill critical positions, such as machine/equipment operators and automation supervisors.  Without these skilled workers, the manufacturing industry would undoubtedly be disrupted and overall production and revenue…
On August 9, 2018, Original Equipment Suppliers Association (“OESA”) held its 2018 Automotive Commodities Event covering a variety of topics related to commodities purchasing, including strategies for price risk management, insights into future mixed material usage in the automotive industry, and legal strategies for navigating volatile commodity markets.  Highlights of the issues discussed during the event include:…
A Plant-wide Applicability Limit (PAL) is an annual emission limitation that allows facilities to be modified, changed or altered without first obtaining a New Source Review permit. A PAL permit eliminates the need for companies to create separate emissions caps and permitting processes for each piece of equipment or components within a plant. They are extremely valuable to manufacturing companies investing in new projects, machinery and plants, and those experiencing frequent delays in the traditional…
Introduction The latest announcement of new Section 301 tariffs on imports from China contained an unwelcome surprise for the U.S. automotive sector.  In addition to the announcement of a potential Section 232 tariffs or other trade measures on imported automobiles and automotive parts (an investigation that is still ongoing), the Trump Administration now has announced a list of $200 billion in special Section 301 tariffs on over 6000 types of products imported from China. And…
The Center for Automotive Research (CAR)’s annual Management Briefing Seminars are being held this week in Traverse City, Michigan.  Tuesday’s sessions included an annual highlight of the conference: a detailed update and outlook on “Forecasting the North American Sales and Production Footprint in Uncertain Times,” presented by a panel of leading automotive forecasters, analysts and economists.  Unlike the more rosy tone from last year when I reported that “The Sky Is Not Falling,”…
Companies seeking to expand operations often face numerous challenges.  One such challenge is raising the capital necessary to make such an expansion possible.  When a company sees an expansion opportunity but does not have the financial resources on hand or readily available (cash, available bank debt, etc.) to make it happen, other avenues of financing must often be considered, including potentially taking on additional investors.  This can be particularly challenging where a company is not…