by Will Hinshaw, partner/founder, Captive Solutions & Options What if submitting a receipt for an oil change to the car insurance company for reimbursement was possible? Unfortunately, it is not allowed because routine maintenance is not covered under a car insurance policy. Insurance, by definition, is a contract represented by a policy in which an individual or an entity … [Read more...] about Why Can’t We Be Like Cars?
Business Planning
Techniques for a Successful Mold-Building Partnership
by Gene Mussel, director, Harbour Results, Inc. Today, plastic processors have many challenges to manage to maintain a successful business – from raw material price increases to labor shortages – and, several of these issues are out of leadership’s control. However, one opportunity to drive efficiency and profitability improvement – and can be controlled – is the relationship … [Read more...] about Techniques for a Successful Mold-Building Partnership
Finding and Assessing New Business Opportunities
by Nicole Mitchell, editor, Plastics Business Manufacturing companies across the US are struggling to find the right new business opportunities for their teams – and those new opportunities have to be weighed against current capacity due to labor shortages, increased product cost, transportation issues and more. In the last two years, manufacturers have had to step back and … [Read more...] about Finding and Assessing New Business Opportunities
Plants Experiment with Alternate Work Schedules
by Hallie Forcinio, writer, Plastics Business Staffing operations, a challenge before the pandemic, is more difficult than ever. To attract workers, companies are raising wages, expanding benefits and shortening the workweek to help employees achieve a better work/life balance. A shorter workweek, often a four-day schedule, already is in place in parts of Europe and … [Read more...] about Plants Experiment with Alternate Work Schedules
Five Common HR Challenges in the Plastics Industry
by Nicole Mitchell, editor, Plastics Business From topics such as bilingual training systems to what to do when an applicant ghosts, these are five of the common human resources challenges that companies face in the plastics industry. Job Applicant “Ghosting” The Great Resignation begin in 2021, with record numbers of people leaving their jobs when the COVID-19 pandemic hit. … [Read more...] about Five Common HR Challenges in the Plastics Industry