The COVID-19 pandemic has impacted nearly every industry in some way, including manufacturing. At the beginning of the pandemic, the industry all but shut down, except for manufacturers that were creating crucial products. Even in March, over 35% of manufacturers were experiencing supply chain disruptions, and that number has continued to grow over the last […]
Lease vs. Buy; An Industrial Equipment Dilemma
Technology and markets are continually evolving, dividing industrial companies into three broad categories: innovators, followers, and status-quo. What determines which camp a business falls into is largely decided by who is at the helm; are they a risk-taker or conservative with the company’s resources? First we’ll distinguish leasing versus buying, then apply those differences to […]
Put It Out To Pasture: When Replacement Makes More Sense Than Repairing Machinery
When you buy heavy industrial machinery you spend a lot of time researching your next purchase, sometimes hiring consultants to aid in your selection process. The hope is that you can use this machine or piece of equipment for decades to come, however, in most instances this isn’t feasible due to wear and tear/costly repairs […]
How Small Machine Shops Gain Competitive Edge
You’ve been in business for several decades or recently purchased an older, established machine shop from another proprietor and you’re sensing a squeeze from more competition and smaller margins. Long-standing clients brought their prototyping in-house and are looking for ways to shave costs on manufacturing runs, pushing your prices lower to retain their business. Is now […]
Manufacturing Trends To Spot in 2020
As American companies have reinvested in manufacturing state-side these past few years, newer plants and installations mean we should expect to see the adoption of technologies with brand new equipment at a higher rate in North America than a decade ago. From monitoring to speed and efficiency, some of the greatest tech to hit the […]