ShopTalk Podcast: Under the Hood of Modern Manufacturing

By | General, Shopfloor Main, Shopfloor Policy, ShopTalk | No Comments

The NAM sat down with Honda of America Vice President of Business Operations, Pam Heminger to discuss modern manufacturing in America.

Heminger explains how Honda efficiently, designs, produces and delivers their products and focuses on meeting their customer’s ever-changing needs. She also describes modern manufacturing as clean, bright and innovative, and says that manufacturing has always been a part of her life.

Listen to the full podcast to learn more about Honda of America and modern manufacturing.

#StateofMFG Week 1 Media Wrap: LIVE FROM NEW YORK…

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After taking manufacturing’s message to the White House yesterday, NAM President and CEO Jay Timmons and NAM Board Chairman/Emerson Chairman and CEO David Farr took that same message to the airwaves.  Timmons and Farr tagged up with national reporters to give the nation a readout of the meeting with President Trump and to highlight the amazing stories already coming out of the 2017 State of Manufacturing Tour.  Click on the images below to watch the coverage.

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David Farr champions modern manufacturing and policies needed to grow the sector in an interview with FOX Business’ Charles Payne. Click here to view clip.

 

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Minutes ahead of President Trump’s speech on Friday, Jay Timmons appeared live on CNBC’s “Squawk on the Street” to discuss balancing burdensome regulations and reforming the tax code. Click here to view clip.

 

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David Farr and Stuart Varney square off on policies needed to grow jobs on FOX Business’ “Varney & Co.” Click here to view clip.

 

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Jay Timmons gives a readout of the White House meeting with manufacturers on FOX Business with Neil Cavuto on his show, “Coast to Coast.” Click here to view clip.

 

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Jay Timmons goes head to head with CNN business reporter Richard Quest about manufacturing jobs on CNN International’s “Quest Means Business.” Click here to view clip.

 

Jay - NPR

 Jay Timmons jumped on the radio with NPR host Steve Inskeep on the station’s popular Morning Edition show (5AM-9AM) to discuss the evolving manufacturing workforce and the innovators Jay has met so far on the State of Manufacturing Tour. Listen to full clip here.

My Meeting With President Trump

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This morning at the White House, President Trump convened a group of business leaders to talk about growing the economy and creating jobs. As Chairman of the Board of the National Association of Manufacturers (NAM), I told him directly what actions manufacturers want to see from his administration and from Congress.

I outlined many of the solutions that the NAM has already compiled in “Competing to Win.” We talked about tax reform, regulatory reform, infrastructure investment and workforce development. But I really hammered home the point on regulations, perhaps the biggest roadblock for manufacturers right now.

For the average small manufacturer with fewer than 50 employees, regulatory compliance costs almost $35,000 per employee per year. And, according to a recent NAM study, manufacturers face more than 297,000 restrictions on our operations from federal rules and regulations. This burden is crazy, and it’s time for smarter and simpler regulations.

It is encouraging to have an administration that will take the time to sit down with manufacturers and hear what we have to say. He was eager to listen, and in private as in public, his commitment to manufacturing was evident. Manufacturers have the solutions. We just need our leaders to get the work done.

The president knows that other countries are beating us with smarter, fairer tax codes, investments in modern infrastructure and a more sensible, navigable regulatory environment. The world can’t match the productivity and innovation of the U.S. workforce, but without meaningful reform, working families will pay the price for our policy mistakes.

Yesterday, I was honored to help launch the State of Manufacturing Tour at Emerson in Austin. The tour will share with people across this country the same message I took to the president. And that message is that we all must work together if we are going to achieve the goal of making manufacturing—and America—even greater than ever before.

Creators Wanted! Say Hello to The Future of Manufacturing!

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“Creators are wanted,” say many manufacturers across the United States. And the National Association of Manufacturers (NAM) is taking another step to populate the talent pipeline in America—with a new “Creators Wanted” video and infographic series we’re rolling out during the State of Manufacturing Tour. Over the next week, on the NAM’s digital platforms, you’ll begin to see the makings of the NAM’s new initiative to show parents and teachers, and thereby children, what modern manufacturing really looks like today (and will look like tomorrow). We’re grateful for the participation of Anheuser-Busch, Dell, Emerson, General Motors, Honda and PPG Industries, as well as BTE, Edward Marc Brands, HELM Boots, Marlin Steel and Stihl, to help us get this series started. Here’s a first look.

We hope you’ll share these videos and infographics—because the numbers not only bear out the need but also the opportunity in modern manufacturing. At General Motors, for example, approximately 500 to 600 college graduates are hired every year—and, like the teammates featured in our videos, they might not be what you think of when you envision a “manufacturer.” Picture someone who can develop an app for your smart device. That’s part of an account we heard yesterday in Austin, Texas, when the tour visited GM’s IT Innovation Center—one of four such state-of-the-art operations in the United States. Overall, according to a study by the NAM’s Manufacturing Institute and Deloitte, over the next decade, 3.5 million manufacturing jobs likely need to be filled.

So parents and teachers, let’s get millennials and members of Generation Z heading towards careers in modern manufacturing—a path to not just well-paying jobs but also to career longevity and the pride, and passion, that comes with making something tangible, real for us and our world.

NAM Kicks off 2017 State of Manufacturing Tour in Austin,Texas

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The 2017 State of Manufacturing Tour launches today in Austin, Texas! This is manufacturers’ moment to tell our story and leverage the national enthusiasm for our industry.

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NAM President and CEO Jay Timmons participates in an interview with Good Day Austin. Photo by David Bohrer.

From Texas, we will travel to New York, Michigan, Ohio, Pennsylvania and Wisconsin. If you can’t join us in person, we can still follow the action and help amplify the message.

We want to show the country the true story of modern manufacturing and the incredible, rewarding careers we offer.

You can find the full list of our stops on our tour website and access the opening remarks here, from our kickoff event in Austin.

Follow along with us on Twitter, Facebook and Instagram. Don’t forget to use #StateofMFG. We are excited to join with manufacturers, business leaders, elected officials and students from across the country to share the promise of manufacturing’s future and our commitment to “be the solution” for the challenges facing our communities and our country.

See you on the tour!

Philly Fed: Manufacturing Activity Accelerated in February at Strongest Rate Since November 1983

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The Federal Reserve Bank of Philadelphia said that manufacturing activity expanded in February at its strongest rate since November 1983. The composite index of general business activity rose from 23.6 in January to 43.3 in February, with 48.2 percent of survey respondents suggesting that conditions had improved this month. Just 4.8 percent said that conditions had worsened. Other measures were also uplifting, including new orders (up from 26.0 to 38.0), shipments (up from 20.5 to 28.6) and the average employee workweek (up from 6.8 to 13.6). Growth in hiring (down from 12.8 to 11.1) continued to expand modestly despite some easing in the current release. Read More

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Housing Starts Ease a Bit in January but Remain Mostly Encouraging

By | Economy, Shopfloor Economics, Shopfloor Main | No Comments

The Census Bureau and the U.S. Department of Housing and Urban Development said that new housing starts declined 2.6 percent in January, pulling back a bit after rebounding by 11.3 percent in December. New residential construction activity dropped from an annualized 1,279,000 in December to 1,246,000 in January. Another positive sign was the fact that housing starts have now exceeded 1.2 million in three of the past four months – a psychological threshold that we have struggled to maintain each time. Despite the easing in this report, housing market data remains mostly encouraging, up 10.5 percent over the past 12 months from 1,128,000 in January 2016. Indeed, much of the recent volatility has come from the multifamily segment, ranging from 271,000 units in September to 471,000 in December. In this release, multifamily starts decreased to 423,000 units, up 19.8 percent year-over-year from 353,000 units one year ago.

On the other hand, single-family housing starts have more consistently drifted higher, even with a slight lull in both November and December. Single-family starts rose from 808,000 in December to 823,000 in January. While this was lower than the 868,000 units started in October, its fastest pace since October 2007, the current data represent progress from 775,000 units in January 2016, a year-over-year gain of 6.2 percent. Read More

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Retail Sales Have Grown Sharply Over the Past Year

By | Economy, Shopfloor Economics, Shopfloor Main | No Comments

The Census Bureau said that retail sales rose 0.4 percent in January, extending the 1.0 percent gain seen in December. It was the fifth consecutive monthly increase in retail spending, illustrating once again that Americans have been willing to open their pocketbooks after being more cautious with their purchases at this time last year. Indeed, over the past 12 months, retail sales have jumped 5.6 percent, a healthy rebound from a year-over-year pace of just 2.2 percent in August. Motor vehicles and parts sales have been a relative bright spot of late, but the January data were held back somewhat by a 1.4 percent decline in auto sales. To be fair, this drop was likely a response to a larger-than-normal jump in December in motor vehicle purchases, up 3.2 percent. Excluding automobiles, retail sales rose 0.8 percent in January, with year-over-year growth of 5.3 percent. Read More

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Manufacturing Production Expanded for the Fourth Consecutive Month

By | Economy, Shopfloor Economics, Shopfloor Main | No Comments

The Federal Reserve said that manufacturing production expanded for the fourth consecutive month. (To be fair, November’s increase was essentially stagnant, up 0.03 percent.) Output in the sector was up 0.2 percent in January, extending the 0.2 percent gain seen in December. The recent improvements suggest that manufacturers are beginning to recover from notable weaknesses over the past two years, with a strong dollar and global headwinds dampening overall activity. In that regard, manufacturing production grew just 0.3 percent year-over-year in January, highlighting the significant challenges seen over the past 12 months in growing production. Similarly, manufacturing capacity utilization edged up from 75.0 percent to 75.1 percent, which, despite some progress, continued to be below the 75.5 percent utilization rate observed one year ago. Read More