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
Financials
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
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
Sophisticated Check Fraud Scheme Stopped with Positive Pay
by Dianna Brodine, vice president, editorial, Plastics Business “I received a call from the bank,” said Erica Berg, chief financial officer for Vital Plastics, Inc., Baldwin, Wisconsin. “A check was coming through on our payroll account, and the bank wanted to verify it since it didn’t match up with the data we had provided.” Vital Plastics uses a service called Positive … [Read more...] about Sophisticated Check Fraud Scheme Stopped with Positive Pay
Stress Testing the Business: 5 Lessons from Plastics Molding Companies
by Dianna Brodine, vice president, editorial, Plastics Business Business forecasting and strategic planning are activities undertaken by plastics manufacturing companies to prepare for future growth, determine next steps and identify gaps in resources. For most industry-leading molders, these activities also include an element of disaster planning to prepare for short-term … [Read more...] about Stress Testing the Business: 5 Lessons from Plastics Molding Companies