The Manufacturers Association for Plastics Processors (MAPP) recently conducted its benchmarking study on information systems for the plastics industry, resulting in MAPP's newest report, Information Systems Management. This report dives into trends, strategies and plans for IT in the plastics manufacturing industry. The results include IT strategy, investments, software, … [Read more...] about MAPP Releases Information Systems Management Report
Industry Reports
Rising Compensation, Increased Turnover Rates and Slow Hiring for Plastics Companies
by Ashley Turrell, membership & analytics director MAPP Nearly two-thirds of all employees saw a salary increase above the current inflation rate of 1.7% in 2019. And overall, employees at plastics companies saw a compensation increase average of 3% across the board. However, the average compensation increase for jobs is down from last year (5% in 2018), according to the … [Read more...] about Rising Compensation, Increased Turnover Rates and Slow Hiring for Plastics Companies
What’s in a Machine Rate?
by Ashley Turrell, membership and analytics director MAPP When developing and evaluating machine rates for injection molders, there is hardly a one-size-fits-all option. Instead, a myriad of factors come into play, and those variables are unique to each company. Instead of looking at machine rates as a snapshot of data, molders should dive deeper into what variables need to … [Read more...] about What’s in a Machine Rate?
Plastics M&A Activity Bounces Back in Q1 2019
by David Evatz, managing director, Stout In the first quarter of 2019, 123 plastics industry M&A transactions took place, a 28% increase year over year (YOY). The number of transactions during the quarter was also the second-highest quarterly total over the past seven years. Industrial plastics led the charge during the quarter with a 49% increase YOY, while automotive and … [Read more...] about Plastics M&A Activity Bounces Back in Q1 2019
Cost of Benefits Continues to Rise for Manufacturers
by Ashley Turrell, membership and analytics director MAPP On average, manufacturers are spending $1 million per year to offer benefits to their employees, according to a recent report by the Manufacturers Association for Plastics Processors (MAPP) and the Association for Rubber Products Manufacturers (ARPM). The two associations jointly published the 2019 Health and Benefits … [Read more...] about Cost of Benefits Continues to Rise for Manufacturers