Manufacturing Talk Radio

More than 70% of business owners lack an exit plan, and their average age is 67. If they cannot find the next owner, the business will simply wind down, and whatever they make will become unavailable. David Braun, Founder and CEO of Capstone Strategic discusses ways to mitigate this crisis that is happening now before it becomes worse than the COVID shutdowns and supply chain disruption.

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Michael Lynch, CEO of Praxie, discusses a smarter, easier way to transform your legacy information, Excel spreadsheets, and disparate databases by wrapping it in a practical software application that interfaces with the various sources to give you what you want – in a few weeks, not months or even years.

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12 Months of Manufacturing Contraction but No Recession -Tim Fiore, Committee Chair of the ISM’s Manufacturing Report on Business(R) joins hosts Lew Weiss and Tim Grady as Manufacturing Talk Radio to discuss October and the last 12 months of manufacturing contraction that have not yet triggered a general recession. Manufacturing typically leads the country into every recession and out of every recession, but so far, recession hasn’t arrived. It is possible that the soft landing may be just a touch-and-go landing.

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Bryan DeBois, Director of Industrial AI at RoviSys speaks about AI in manufacturing – why we should embrace it rather than fear it, and where it is the logical next step in production control and analysis. AI isn’t disrupting manufacturing any more than PLCs did when GM introduced them in 1968. AI in manufacturing is a tool to manage large volumes of data to get actionable information, and only when action is taken does ROI happen.

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On this episode of Moser On Manufacturing, Harry and Lew welcome Harold Schoch, Chief Executive Officer of Fives Machining Systems Inc. and Matt Shockey, President of the Grinding Ultra Precision business line of the Fives Group.

Fives designs and manufactures machines, process equipment, and production lines for the world’s largest industrial groups. From the first railway lines to the Eiffel Tower lifts and Factory 4.0, for over 200 years Fives has been designing the disruptive solutions and technologies that make up the industry. As a pioneer of decarbonization and digitalization, Fives is always one innovation ahead thanks to its ability to anticipate customer needs.

Harry, Lew, Harold, and Matt discuss the skilled trades gap, supply chain challenges, the importance of reshoring, and more.

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Dr. Chris Kuehl discusses conditions in various sectors of the economy and the uncertainty in D.C., along with employment and interest rates that are keeping manufacturers up at night. Thankfully, the construction sector of manufacturing is doing well with plant expansions. One of the countries doing particularly well is Mexico, which has become a replacement for China in lower-cost labor. And that talk of recession is still an undercurrent that hasn’t yet become a riptide.

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Today’s episode is the second of a two-part series featuring Kerrie Jordan, Vice President of Product Management – Data Platform at Epicor. Kerrie discusses the most important report for your manufacturing business’s health, strength, and sustainability, Voice Of The Manufacturing Manager 2023. Part one of this series covered Epicor’s Voice of The Essential Manufacturing Worker report. In these two reports, 1,000 manufacturing leaders and frontline workers reveal their impressions about the technology they’re using and embracing, the shifts they’re making and experiencing in the workplace, and how they view the future of the industry.

Key takeaways include:

Technology and Modern Manufacturing

·       58% of manufacturing leaders consider their company “very modern.”

·       But only 48% of frontline workers say the same.

Workplace Flexibility and Morale

·       64% of manufacturing leaders believe company morale is high.

·       But only 52% of frontline workers say the same.

Company Loyalty and Industry Prospects

·       81% of manufacturing leaders plan to stay in their job for the next 12 months.

·       But only 44% of frontline workers say the same.

Don’t miss this critical episode of Manufacturing Talk Radio!

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