Industry Reports
COVID-19: Business Policies and Best Practices
by Ashley Turrell, membership & analytics director, MAPP When the Manufacturers Association for Plastics Processors (MAPP) asked plastics executives to rank their top priorities for the year in January 2020, no one could have anticipated the pandemic and the quick shift in business that would take place. As business leaders pivoted on their initial plans and strategies, … [Read more...] about COVID-19: Business Policies and Best Practices
Cautious Optimism is Overwhelmed by Economic Shock and Uncertainty
by Greg Alonso, principal, Plante Moran The 2020 calendar year began with a solid, consumer-driven US economy, historically low unemployment and rising wages. The prevailing sentiment regarding near-term economic prospects was cautious optimism as the longest running recovery on record seemed likely to continue. Other significant events with economic implications included a … [Read more...] about Cautious Optimism is Overwhelmed by Economic Shock and Uncertainty
Harbour Results Announces Results From COVID-19 Study – Manufacturing Industry Utilization Drops Significantly
Harbour Results, Inc., (HRI) conducted a study to better understand how the COVID-19 pandemic is impacting small- to medium-sized manufacturers – both production and tooling. The results show that nearly two-thirds of those shops surveyed are operating at some level of reduced capacity or are closed. Additionally, of those shops that are closed, approximately 70% expect to … [Read more...] about Harbour Results Announces Results From COVID-19 Study – Manufacturing Industry Utilization Drops Significantly
Forecasts are Changing for Plastics Manufacturers in 2020
by Ashley Turrell, membership & analytics director MAPP Fourth-quarter indicators are down, nearly across the board, for plastics processors. Company leaders are reporting slowing sales, lower quoting activity and shrinking profit margins to round out the end of 2019. This stands in stark contrast to the sentiments and data shared just one year ago, according to the … [Read more...] about Forecasts are Changing for Plastics Manufacturers in 2020