by Lewis Yasenchak, senior plastics consultant, P&Y Management Resources On March 7, 2022, 175 countries unanimously agreed on a United Nations framework to fight global plastic pollution from cradle to grave. For contract manufacturers supplying plastic products to OEMS and end users, that framework signals a change in how the industry needs to do business. For … [Read more...] about Applying TQM to Sales
Economy
Employee Benefits: Rising Costs vs. Necessary Incentives
by Maggie Taylor, writer, Plastics Business Employers in virtually every industry are struggling to attract and retain high-quality employees. Large and small businesses alike are scrambling to overhaul their wage and benefit structures to remain competitive in a highly volatile employment market. Many companies have found themselves locked in constant competition with other … [Read more...] about Employee Benefits: Rising Costs vs. Necessary Incentives
US is More Profitable Than China for Plastics-Based Manufacturing
by Greg Kozera, director of marketing and sales, Shale Crescent USA A new study by Shale Crescent USA and Jobs Ohio directly shows the United States is the most profitable place to manufacture plastics products. For the past four decades, US manufacturers have migrated overseas to China primarily due to cheaper foreign labor and a decreasing US energy supply. Times have … [Read more...] about US is More Profitable Than China for Plastics-Based Manufacturing
Reshoring Gains Momentum
by Hallie Forcinio, writer, Plastics Business Reshoring is gaining momentum. Bringing manufacturing back from overseas appeals to national pride; counters increasing costs offshore; minimizes risks related to lack of domestic production, geopolitical uncertainties and currency fluctuations; protects intellectual property; shortens supply chains; and eliminates quality issues … [Read more...] about Reshoring Gains Momentum
China’s Threat to Itself and the World
by Chris Kuehl, managing director, Armada Corporate Intelligence The data that has come pouring from China of late points to a real economic crisis, the worst the nation has experienced in decades. The slump in the second quarter took the economy to a contraction of 2.6% from the first quarter and the annual growth rate was a pathetic 0.4%. This affects the entire global … [Read more...] about China’s Threat to Itself and the World