IndustryNet Account
For Buyers:
  • View Search History and Save Searches
  • Save Supplier Listings and Add Notes
  • Save and Review RFQs / RFIs / RFPs
For Suppliers:
  • Update Your Listing Information
  • Upgrade Your Listing or Add Categories
  • View and Respond to Leads

 Keep me logged inForgot?

Don't have an account? Create a FREE account now!

IndustryNet Blog

Posted by IndustryNet
According to new data released by MNI, compiler and publisher of the U.S. industrial data that powers IndustryNet, Georgia added manufacturing jobs for an eighth straight year, helped by continued gains in the auto industry.

Georgia's industrial sector has thrived in the post-recession era, adding a total of 32,000 jobs since May of 2010. During this period, the state's transportation equipment sector grew by 36%, rising to become the state's third-largest sector by number of industrial jobs.

Numerous manufacturers have flocked to Georgia over the past eight years, drawn by a number of site selection factors. This article will take a look at some of the major developments that have occurred in Georgia since the recession, including new company announcements. We'll examine the state's outlook in light of new federal and state policies and explore IndustryNet's extensive regional and historical data for the state.
Posted by IndustryNet
Kenmode Precision Metal Stamping has earned three new international certifications for quality and environmental standards. The certifications include two new standards from the International Organization for Standardization -- the ISO 9001:2015 standard for quality management systems and the ISO 14001:2015 standard for environmental management systems -- and IATF 16949:2016 for automotive quality systems.

Kenmode has held certifications of earlier versions of the ISO 9001 and automotive quality standards but has been certified for the environmental management standard for the first time. Kenmode is among the early adopters of the new global automotive industry standard, IATF 16949:2016, which was recently introduced by the International Automotive Task Force and replaces the ISO/TS 16949 standard.

Posted by IndustryNet
Global tariffs on aluminum will affect U.S. production and jobs across a multitude of industries. The United States Trade Representative has released a massive list of tariffs. In addition to raw materials, thousands of products are affected.

They include equipment such as metal tool rollers, which are vital to the aluminum drawing and rolling sector. As aluminum prices rise, manufacturers may be struggling to find new domestic suppliers.

The state of the U.S. aluminum industry

IndustryNet has gathered data from 940 companies in the U.S. aluminum industry. The statistics cover the primary production of aluminum; aluminum die castings, aluminum foundries, sheet aluminum, aluminum extrusions and aluminum rolling and drawing.

These businesses report providing 65,066 jobs in the past year, a slight decline of 0.58 percent from 65,447 workers employed one year ago. Average sales increased over the same period 0.23 percent from $47.7 billion to $47.8 billion.

The most substantial number of aluminum companies is in the Midwest where there are 421, representing 45 percent of the total. The South is served by 247 firms or 26 percent. The West is home to 144 or 15 percent of businesses in the aluminum sector.

The Northwest is supplied by 128 firms or 14 percent of the aluminum industry companies. With growing transportation costs, location is of increasing logistical importance as companies reimagine their supply chains.
Posted by IndustryNet
IndustryNet recently reported manufacturing job growth in Texas accelerated over the year, led by a recovering oil/gas sector.

The state added 21,513 jobs, or 1.8%, according to MNI, publisher of the industrial data that powers IndustryNet.

Overall, Texas manufacturing employment has grown consistently in the post-recession era, with much of the growth led by the a booming oil sector.

The chart below illustrates the ups and downs of Texas manufacturing employment over the past ten years.

The next chart illustrates growth in Texas' oil/gas extraction sector, which generally follows the same growth pattern as the entire state, with a slight dip between 2014 and 2016, when a supply glut drove oil prices down.

But although oil/gas sector employment is a significant factor in the state's post-recession gains, taken alone, the industry makes up a growing, but still fairly small (11%) share of the state's industrial employment.
Posted by IndustryNet
The next time you hop into your vehicle, know that your car contains around 2,400 pounds of steel. If you drive a truck, your vehicle has closer to 3,000 pounds of steel. Even if you don't own a car, you probably used a refrigerator, stood in a building or picked up a hand tool. All of the items have one thing in common - they utilize flat rolled steel.

Flat rolled steel is an alloy, a fact that makes it strong and durable. It is the perfect choice for infrastructure, buildings, pipes, heavy equipment and dozens of other uses. Sixteen companies dominate the flat rolled steel market, with a total of 4,636 employees. The average flat rolled steel sales top $11 billion dollars.

The following nine companies are at the top of the industry in terms of the number of employees:

United States Steel Corporation

The United States Steel Corporation, Granite City Works in Granite City, Illinois employs 800 individuals to produce sheet and tubular products for the automotive and other industries. Founded in 1901, United States Steel still adheres its founder's principle that the company's interests are subservient to the public welfare.

Posted by IndustryNet
The history of the steel industry in the United States spans nearly 200 years. Production surged in the 1950s, the era of the post-World War II boom and the growing American love affair with metal-heavy cars. Vast amounts of iron ore and coke were used in massive steel mills that provided the lifeblood to surrounding cities and towns. Although the U.S. became a major importer of steel, mostly from Japan, in the 1960s, domestic production of iron and steel peaked in 1973.

In the intervening time, many large steel mills have closed or merged. In recent years, much of the U.S. steel industry has shifted to specialty and minimills. Iron and scrap steel has replaced ore as a feedstock, supporting the recycling sector.

According to 2018 data gathered by IndustryNet, employment in the steel industry increased by nearly 2 percent over the last year. Average sales for the industry are $21.7 billion. The largest number of companies are in the Midwest and the South.

As the steel industry continues to evolve, some businesses have long witnessed its development. Some steel companies born in the 1800s still serve today's markets.

These are the 10 oldest steel companies in the U.S., from youngest to oldest:

10: Thistle Foundry & Machine Company was established in 1898. It is located in Bluefield, Virginia, a town along the Bluestone River, and known as Virginia's tallest town. This small company is privately held. Thistle employs a staff of 13 and makes steel castings.

9: ArcelorMittal USA Inc. in Chicago, Illinois, has been around since 1893. The company makes flat-rolled steel. Founded as Acme Flexible Clasp Company, the business has survived through many incarnations.

After merging with a hardware manufacturer, it became Acme Steel Goods in 1907, then Acme Steel in 1925. During the depression, it offered much-needed jobs to approximately 1,400 residents of t
Posted by IndustryNet
In the face of tariffs, United States manufacturers are confronting higher prices for the steel they need. While U.S. steel companies have experienced a welcome surge in revenue, their customers are experiencing unwelcome challenges. In the lag time that occurs between the rise in overhead and any compensation that accompanies an increase in selling prices, the ink on bottom lines in many industry segments may turn red.

IndustryNet data gathered from 400,000 manufacturers found that 43,000 of them rely on imports for production of their goods. At one "mom and pop" company that fabricates steel used in the construction of high-rises, materials costs have increased nearly 50 percent. Large firms are also feeling the pinch: General Motors Corp. has projected lower profits due to a jump in commodity prices.

In addition to causing increased pricing for raw materials such as alloy steel powders and stainless steel scrap, the thousands of tariffs announced against Chinese products are affecting the steel fabrication industry are also making the importation of tools and machinery costlier. The extensive list of equipment affected includes interchangeable cutting tools, air compressors, vacuum pumps, weighing machinery, metal-rolling tube mills and water-jet cutting machines.

Softening the blow

With prices for imported steel rising, many manufacturers will turn to domestic suppliers. In addition to reducing expenses, utilizing U.S. sources averts difficulties within the supply chain by allowing businesses to maintain greater control over the procurement process. Quality issues are minimized when a company can send their own teams to examine a supplier's operations.

Local sourcing also simplifies logistics. Issues such as port strikes and global politics cannot impact delivery schedules. The effect of inclement weather is often reduced. Overall costs of transpo
Posted by IndustryNet
U.S. manufacturing activity expanded at a slower rate in July, according the Institute for Supply Management's (ISM) latest survey of manufacturing executives, while additional economic reports out this week point to more muted manufacturing growth.

This follows the Commerce Department's robust reading on U.S. GDP, which found the U.S. economy expanded at a 4.1% rate in the second quarter -- its best reading since 2004.

A surge in industrial output also added to this month's positive economic reports, with the Federal Reserve reporting a 1.9% increase in manufacturing output over the past year, while durable goods manufacturing rose 3.2% over the same time frame.

Tariffs stirring uncertainty

However, tariff action between China and the United States continue to volley back and forth, stirring uncertainty among the nation's manufacturers and spiking raw material prices.

Just last week, the United State Trade Representative announced it was increasing the rate of tariffs on $200 billion of Chinese goods from 10% to 25%.

China struck back today with its own 25% tariff on 5,207 U.S. products worth $60 billion, ranging from machinery, wood products, semiconductors and a range of agricultural and chemical products, including liquified natural gas.

The trade showdown between the world's largest trading partners was a common theme among many of the responses to the ISM's survey. One executive in the wood products sector stated �The so-called trade war is taking its toll on business activity, resulting in reductions to new export orders. China has all but stopped taking orders, causing inventories to build up in the U.S. Domestic business is steady. However, it is too small to carry the load that export markets have retreated from."

Manufacturing still on the upswing

According to the ISM, the gauge of U.S. manufacturing activity now stands at 58.
Posted by IndustryNet
The U.S. steel industry is on the rise, posting a 1.91% gain in employment in 2018 and a more modest 0.8% rise in sales, according to recent data collected by IndustryNet. As a whole, the steel industry has current average sales of $21.7 billion. The steel industry has experienced dramatic changes in recent years, including the common trend of replacing blast furnaces with electric arc furnaces. Steel companies are also increasingly using robots to operate EAFs.

Number of companies and jobs in the reinforcing steel sector

One small sector of the steel industry, reinforcing steel, provides steel that gives tensile strength to concrete structure. The sector contains 32 companies that provide 1,281 jobs, which is 11.6 percent of companies and 4.1 percent of jobs in the industry. There was no change to the number of jobs in the sector within the last year.

Average sales in the reinforcing steel sector

The average current sales in steel reinforcing are $185.25 million, which is approximately the same figure as a year ago. Based on the previously mentioned current average sales in steel of $21.7 billion, this means that steel reinforcing accounts for less than 1 percent of the industry's sales.

Top companies in reinforcing steel by number of employees

Examining the top companies in steel reinforcing can also offer perspective into the sector, including geographical trends. One of the best ways to compare the various companies is via employees on site:
Posted by IndustryNet
The Commerce Department reported this morning that real gross domestic product (GDP) surged to an annual rate of 4.1% in the second quarter of this year -- a rate not seen since 2014.

U.S. GDP grew at double the 2.2% rate reported in the first quarter of 2018, bolstered by a surge in exports and defense spending.

The spike in GDP follows June's one percent gain in U.S. durable goods orders as reported by the Commerce Department on July 26th. Additionally, the Federal Reserve recently reported an uptick in industrial output.

By the numbers

The BEA's new GDP figure is based partially on a spike in exports, as U.S. producers scramble to get their products to market as trade tensions increase. Exports surged 9.3% in the second quarter -- a rate not seen since the fourth quarter of 2013.
Posted by IndustryNet
Galvanized steel is a growing sector of the steel industry. Hundreds of thousands of tons are produced annually worldwide, primarily for construction and automotive use. Appliances also present a sizable market.

Galvanization is the process of applying a protective coating of zinc, which retards corrosion. In some environments, galvanized steel will defy rust for decades. Additional treatment with chromate will further extend its useful life span.

Industry trends

Galvanized steel finds use in many innovative and creative ways. It recently played a significant role in the transformation of a disused shed into an award-winning low-cost energy efficient house, library and gallery. It was also used to construct a home with a design based on the semi-circular structure of a Quonset hut.

Recently, industry leader Steel Dynamics announced plans to add a new galvanizing line at its plant in Columbus, Mississippi. When it is completed, the company will have nine galvanizing lines with an approximate capacity of 3.8 million tons throughout its facilities in the eastern United States.
Posted by IndustryNet
According to new data collected by IndustryNet, manufacturing employment in Texas surged over the past year, boosted by a recovering oil/gas sector. IndustryNet reports the state added 21,513 jobs, amounting to a 1.8% gain.

This article will take a closer look at the major developments that have occurred in Texas since the recession and examine the state's outlook in light of new federal and state policies. We'll explore IndustryNet's extensive regional and historical data for the state, and delve into some of the specific site selection factors that continue to make Texas a great place for manufacturing.

Texas manufacturing: the year in review

Texas manufacturers added more than 20,000 jobs between May 2017 and May 2018 or 1.8%.

Gains were led by the state's oil/gas sector, which grew 2.3% after sputtering in recent years, while the petroleum products sector grew 8.3%. MNI reports this is the first time the oil/gas extraction sector has added jobs in three years, as sinking oil prices gutted the industry. With oil prices at a three-year high, however, the industry appears to be climbing back.

Additional gains were reported in transportation equipment; furniture/fixtures; instruments/related products; electronics; and food processing.

Posted by IndustryNet
Performing the vital task of preparing, melting and casting steel into shapes, foundries, steel mills and steel casting companies form an essential part of the steel industry. Steel mills manufacture raw steel, and may further process it into semi-finished products to be melted for casting. The recent imposition of tariffs on goods imported from China will have both positive and negative effects on this segment of manufacturing.

Both the raw materials utilized and tools needed for the fabrication process are included in the massive list of affected goods. Items subject to tariffs include both scrap and pig iron, which are feedstocks for many foundries and mills. Prices will rise on metal forging machinery, spare parts and molds. These additional costs are likely to increase foundry, steel mill and casting company operating expenses.

China also produces both steel and castings, which will be subject to tariffs as well. American companies may have an increased opportunity to compete. Notable examples of products involved are rail parts and truck assemblies. Foundries and casting companies producing these types of components may see a rise in both employment and sales.

Sector statistics

IndustryNet gathered data on 119 foundries, steel mills and casting companies that provide a combined 14,408 jobs. The job figure shows a decrease of 1 percent from the 14,563 reported a year ago. Average sales are $3.34 billion, a fall of nearly one percent from $3.36 billion, the sales from the previous year.

Posted by IndustryNet
U.S. industrial output rebounded in June, led by an uptick in auto production, according to a new report released this morning by the Federal Reserve.

The Federal Reserve's release on U.S. industrial production and capacity utilization showed factory output rose 0.6 percent in June, after cooling 0.5% in May. Overall, the Fed's index has surged 6% in the second quarter, continuing the positive trend recorded over the previous two quarters.

Manufacturing output outpaced overall gains, rising 0.8% in June. The Fed's manufacturing index declined in May after a fire at a major auto parts supplier in Michigan disrupted vehicle production across the sector.

Mining output saw a boost of 1.2% in June, with that index hitting a 5-year high, and utilities declined 1.5%. Capacity utilization edged up 0.3% to 78%.

Manufacturing output gains by industry

Overall, overall manufacturing output has climbed 1.9% over the past year, and durable goods manufacturing has surged 3.2%. Those industries posting the strongest year-over-year gains included computer & electronic products (+6.4); non-metallic mineral products (+6%); fabricated metals products (+5.7%) and wood products (+5%).

Posted by IndustryNet
Epec Engineered Technologies has announced that it will be partnering up with the Wounded Warrior Project (WWP) by hosting a fundraising campaign for the month of July. Epec will donate 5% of July's sales from their online printed circuit board marketplace to WWP.

CEO Ed McMahon says "I have the utmost respect for those that have served in the military and I have personally been a supporter of Wounded Warrior Project for many years but wanted to do something bigger. Something to get the whole team involved and to bring awareness and support to such an important foundation and the wounded warriors who are often forgotten."

Epec has built a fundraising page and has also begun an in-house donation drive with employees and customers alike joining together to raise money and meet the $6,600 goal set to celebrate Epec's 66 years in business. Epec also employs several veterans and a WWP Alumnus and will showcase their biographies as well as the fundraiser progress on their Facebook and LinkedIn pages.

Posted by IndustryNet
The USTR has announced a massive new round of import tariffs on more than 6,000 Chinese products worth $200 billion in criticism of China's inaction on its current industrial practices. Both sets of tariffs target products fundamental to China's "Made in China 2025" industrial policy.

This follows a previous set of import tariffs on $34 billion worth of Chinese goods the U.S. enacted just last month, which prompted China's Ministry of Commerce to strike back with its own set of tariffs on $34 billion of U.S. goods. These consist mostly of agricultural products, but also includes items such as oil & gas drilling pipes and scrap aluminum.

U.S. Trade Representative Robert Lighthizer said in a statement released July 10th: "As a result of China's retaliation and failure to change its practices, the President has ordered USTR to begin the process of imposing tariffs of 10 percent on an additional $200 billion of Chinese imports. This is an appropriate response under the authority of Section 301 to obtain the elimination of China's harmful industrial policies."


Trade tensions between the U.S. and China have been accelerating for nearly a year after the administration gave the USTR the green light to investigate Chinese industrial policy under Section 301 of the U.S. Trade Act of 1974. The agency's eight-month investigation, which took place between August of 2017 and April 2018, concluded that China's trade policies are "unreasonable or discriminatory and burden or restrict U.S. commerce." Tariff measures were taken shortly thereafter, with announcements made in June and July of this year.

Challenges for manufacturers

Posted by IndustryNet
Cold-rolled steel comprises a significant sector of the steel industry. In data gathered by IndustryNet, on 275 steel companies, 32 (11.64 percent) produce cold-rolled steel. Of the 31,610 jobs provided by steel companies, 4.541 (14.36 percent) are with manufacturers of cold-rolled steel.

Jobs in cold-rolled steel have taken a slight dip of 0.68 percent over the last year. Average sales were $4.5 billion. Financial markets are reflecting optimism that these numbers will rise.

Hot-rolled steel is roll pressed at temperatures over 1,700 degrees Fahrenheit. It is further processed into cold-rolled steel by undergoing additional compression between rollers. This extra step forms a product that has the following desirable characteristics:

- Smooth surfaces with closer tolerances.

- A higher definition in edges and corners of bars.

- Enhanced concentric uniformity and straightness when made into tubes.

Cold-rolled steel finds many uses in the construction industry. It is also a component of such diverse products as metal furniture, motorcycle exhaust pipes, lawn mowers, water heaters and frying pans.
Posted by IndustryNet
According to new data collected by MNI, researcher and compiler of the U.S. manufacturing data that powers IndustryNet, manufacturing employment in Washington State stalled in the past year, edging down by 400 jobs or about a half percent between April 2017 and April 2018.

This follows Washington State's impressive manufacturing recovery in the years following the recession, in which the state added nearly 20,000 or 7%, surpassing its pre-recession employment in 2015.

This article will take a closer look at Washington State's industrial sector, delving into specific industry, city, and regional factors. We'll examine the state's outlook in light of recent changes such as tax reform and import tariffs, and examine its post-recession growth in detail.

Washington State manufacturing: the year in review

Washington manufacturers lost 439 jobs between April 2017 and April 2018, a half percent loss.

Losses were led by a 6.8% decline in transportation equipment employment, which remains the state's largest industrial sector for number of manufacturing jobs, employing 53,194.
Posted by IndustryNet
The U.S. Department of Labor Bureau of Labor and Statistics indicates that nationwide, hot-rolled steel production increased approximately 10 percent over last year. Its total economic impact is even more impressive. It accounts for more than $520 billion in economic output and nearly two million jobs, factoring in the direct (the product itself and its workers) and the indirect (products made from hot-rolled steel and ancillary jobs supported by the industry) impacts.

It's hardly surprising, considering that so many other industries and products depend on hot-rolled steel. Skyscrapers use hot-rolled steel I-beams for structural support. Stores rely on it for heavy-duty shelving and racks. Roadways use steel guardrails to prevent accidents. Every mile of railroad track depends on hot-rolled steel. It's hard to imagine our world without it!

IndustryNet recently completed an analysis of the hot-rolled steel industry based on their extensive manufacturing database and found that the number of jobs nationwide increased by 1 percent over the past year. Average sales for the past year neared $900 million, an increase of almost 3 percent over the previous year.

Posted by IndustryNet
The manufacturing skills gap is a multipronged issue requiring several different combined approaches for relief. One common theme though is that students, schools, colleges, industries, as well as local, federal and state governments all need to combine efforts to resolve the issue successfully.

U.S. manufacturing reached its peak in the late 1970s. It provided stable, family-sustaining wages for individuals with only a high school degree, making the American dream possible for many.

Offshoring (moving jobs overseas to take advantage of lower-wage workers) and the Great Recession combined to leave the total number of available manufacturing jobs at only 11.5 million by 2010.

Unfortunately, now that the manufacturing sector is poised for tremendous growth, other factors have entered the picture, making the job market very tight. Baby boomers who should have been able to retire saw their savings decimated by the Recession and are staying on the job longer.

While the reshoring initiative shows promising results, the types of jobs returning from overseas vastly differ from the jobs that left. Instead of low-skilled, manual labor, many of the jobs require some knowledge of robotics or computer skills.

Individuals who could have performed the jobs that left are no longer qualified for the jobs that are returning. For the first time since 2000, the number of job seekers outweighs the number of jobs available.

The National Association of Manufacturers (NAM) recently polled its membership to find that a staggering 72.9 percent of manufacturing companies indicate that workforce attraction and retention is the number one pain point.

Additionally, 79.8 percent of the membership had current unfilled positions, with 34.4 percent losing business opportunities due to their inability to recruit and retain a full complement of workers.
Posted by IndustryNet
The U.S. manufacturing industry continues to shine amid favorable growth forecasts for the remainder of 2018. U.S. steel production keeps climbing, and recent figures place the 2017 output of U.S. steel at 81.6 million metric tons annually. IndustryNet's newest data on U.S. steel coincide with these statistics as the industry anticipates further growth.

What's new in U.S. steel?

Overall, a majority of steel companies in the U.S. are adding workers and increasing sales. Employment in U.S. steel rose 1.91 percent since last year, while average annual sales rose 0.8 percent, far outperforming sales growth of general manufacturing, which is currently 0.11 percent. Of particular note, the carbon steel business is booming with a 1,634 percent increase in sales; however, the steel industry is also booming.

Top 10 U.S. steel manufacturers by number of employees

IndustryNet data shows the top 10 U.S. steel manufacturers, ranked by the total number of employees on site:

United States Steel Corp., Granite City Works

Location: Granite City, Illinois

Employees on-site: 2,200
Posted by IndustryNet
On March 1, 2018, President Donald Trump announced that his administration planned to enact a 25 percent tariff on imported steel. On June 1, 2018, that tariff went into effect on steel from the European Union, Canada and Mexico. Ripples are spreading throughout the economy.

Reactions within the U.S. have varied more along regional lines than ideological ones, with optimism running high in steel-producing states. Steel manufacturers are anticipating increased prices and higher profits. On Wall Street, steel stocks jumped. U.S. manufacturers are expected to decrease purchases of foreign steel in favor of domestic products, adding further to U.S. steel companies' bottom lines.

Steel is a vital component for many industries. It comprises up to 65 percent of the weight of a car. Steel is essential for construction because of its durability, workability and cost. About half of available steel goes into buildings and infrastructure. Equipment manufacturers use another 16 percent.
Posted by IndustryNet
The Trump administration today ramped up its trade action against China, announcing a new round of tariffs on Chinese goods in response to what it calls China's "burdensome and discriminatory practices related to technology transfer, intellectual property and innovation" -- in short, intellectual property theft and cybercrime.

This list of goods with an estimated worth of $50 billion, includes those containing "industrially significant technologies" fundamental to China's "Made in China 2025" industrial policy.

U.S. Trade Representative Robert Lighthizer said in a statement "We must take strong defensive actions to protect America's leadership in technology and innovation against the unprecedented threat posed by China's theft of our intellectual property, the forced transfer of American technology, and its cyber attacks on our computer networks."

The new list of 818 products slated for tariff action is adapted from a previous list of 1,333 products worth $34 billion first published by the Trump administration on April 6th and will go into effect July 6th.
Posted by IndustryNet
As the further expansion of U.S. manufacturing portends an economic boom, material handling companies will likewise continue to benefit from positive growth. Companies in every subcategory of the material handling industry have reported hiring gains to IndustryNet, which shows that U.S. manufacturing keeps performing well. A look at the latest data provides insight for those interested learning more about the largest and fastest growing U.S. material handling companies.

What's new in material handling?

Resilience has been the hallmark of the U.S. material handling industry over the previous year. As a broad, diverse manufacturing sector, material handling companies include:


-Storage equipment






-Material handling equipment


-Warehouse equipment

-Shelving and racking

Posted by IndustryNet
Business Credit Reports Inc., the largest independent provider of business credit information, has added Lifetime Monitoring to its list of small business services, enabling companies to monitor their customers' credit profiles indefinitely for only $5.00 per account per year.

BCR's Lifetime Monitoring enables companies to monitor the credit profiles of any number of U.S. or Canadian businesses for slow payments, collections, tax liens, judgments, derogatory comments and bankruptcy. When any of these events occur, an alert is sent to the Lifetime Monitoring subscriber.

Credit account monitoring gives credit managers an early warning when one of their customers is experiencing trouble that might impact their ability to pay their credit obligations. This early warning enables credit managers to take action to be first in line to collect outstanding debts and protect against further risk.

Posted by IndustryNet
The material handling industry has proven itself to be a pivotal force in the relationship between producers, retailers and consumers. This industry is involved in moving materials from point A to point B within the confined space of a building - something that can often be done by hand, trolleys, forklifts or other wheeled devices.

The conveniences of technology have made themselves known in this industry. The introduction of driverless vehicles, new and improved containers and streamlined conveyor belt systems have had an overwhelmingly positive effect on the material handling industry. This has caused massive growth within the industry, as is evidenced in an article published in MHI Solutions.

However, the most important innovation is smart technology. It allows material handlers to easily keep track of their stock; retrieve missing, lost or stolen items; and streamline transportation options. By discussing the number of companies and jobs in the industry, job changes over the years, average sales and sales change within the industry, the state of material handling as a business and as a whole can be discussed.
Posted by Anthony Gilbert
While brick-and-mortar stores may find it hard to compete with Amazon and online purchasing platforms, there are opportunities for investors due to the shift in customer behavior. More so than ever before, customers are buying products online, even going as far as becoming Amazon Prime members and qualifying for free shipping.

However, this puts pressure on traditional manufacturers who have to change their practices in response to new expectations. What does the need for speed mean for manufacturers and does this potentially play out for those looking to invest in commercial real estate?

The Amazon Effect and Manufacturing

Customers have come to expect more. Acceptable order lead time is down to 1 to 3 business days. These is one of the important issues impacting manufacturers and businesses who attempt to either compete with or promote their goods on Amazon.

Manufacturers are having to shorten order cycle times due to the Amazon Effect. E-commerce has placed new pressures on manufacturers to get a product shipped to a customers in a brief period of time.

Posted by IndustryNet
U.S. manufacturing activity expanded at a faster rate in May as new orders, production, and employment continued to rise, according to a new report issued this morning by the Institute for Supply Management (ISM).

According to the ISM's survey of purchase executives, the gauge of U.S. manufacturing activity now stands at 58.7%, up 1.4% from April's reading of 57.3%. May's reading is the strongest in two months, though it is still shy of 2018's high 60.8% recorded in February.

May's reading of 57.3% represents the nation's 21st straight month of growth in the manufacturing sector, and the 109th consecutive month of growth in the economy overall.

Sixteen of eighteen industries surveyed by the ISM reported growth, led by textile mills; nonmetallic mineral products; electrical equipment; electrical equipment, appliances & components; printing and related support industries; and fabricated metals products.

For a second straight month, there were no industries reporting a contraction.
Posted by IndustryNet
Benson Medical Instruments recently honored distributors who provide their customers with outstanding customer support at the company's annual sales meeting May 10-11 in Minneapolis, MN.

Benson Medical President, Stephen Benson, presented Stephanie Billing and Kim Biro of Chesapeake Occupational Health Solutions (Hanover, MD) and Neil Adams of Foster Special Instruments (Cincinnati, OH) with certificates for Outstanding Customer Support by a Distributor in 2017.


"Benson Medical honors distributors who support not only the customers who use our audiometers and spirometers, but also the occupational health industry at large," states Jim Teter, Sales Manager.

"These awardees make a practice of getting involved in the industry at national and regional levels, sponsoring CAOHC and NIOSH training sessions, offering the latest technology, and creatively addressing customer needs."

This is the third year of the award, which is open to all authorized Benson Medical distributors. It is the second time both Foster Special Instruments and Chesapeake Occupational Health Solutions have been recognized.

Center: Neil Adams, Foster Special Instruments

Left and right: Jim Teter and Stephen Benson, Benson Medical Instruments.

"Receiving any award is exhilarating, but Benson Medical Instruments recognized us for Outstanding Customer Support," Neil Adams said at the meeting. "Not total sales or number of new accounts, but customer support. It shows not only that our hard work and conscientious effort to fully support our customers are being recognized, but also that Benson is equally focused on supporting our mutual customers."

Benson Medical Instruments Co. designs and manufactures audiometers, earplug fit testers, spirometers and software to manage hearing conservation and o
Posted by IndustryNet
Storage equipment and systems are essential to the material handling industry. They are used for short- or long-term holding of products, equipment and materials until they are needed. Offerings in the sector vary widely to accommodate the size, shape, weight, use and configuration of items being stored. Systems also coordinate with material handling vehicles to facilitate effective retrieval and transport.

According to data gathered by IndustryNet from 70 companies, in the past year, storage has shown growth in both employment and sales. Jobs have risen at 4.35 percent, from 2,964 to 3,093. Sales have increased 4.36 percent, from $998 million to the current average level of $1.04 billion.

Storage trends

Storage system companies are rising to the increasing challenge of e-commerce. They are providing new and better options for data storage facilities. They are also enabling warehouses, manufacturers and distribution centers to more efficiently utilize space. The companies below highlight these and other ways in which storage is integral to both private and governmental functions.
Download the FREE eBook:
Cost-effective Industrial Sourcing, an Insider Guide
Cost-effective Industrial Sourcing, an Insider Guide
A must-have guide for engineering, operations, & purchasing executives!
Finding the right industrial supplier and related services can be a costly and tedious process. This free eBook will introduce you to the industrial sourcing process. Expert advice to help you:
  • Explore some innovative methods for uncovering new suppliers
  • Discover the 7 crucial questions you need to ask a potential supplier
  • Learn how to zero in on a supplier's capabilities to help you make an informed decision

Instant download! Enter your information above for instant access to the eBook. Plus, receive a free subscription to IndustryNet Insider.
A service of MNI
 Find a Supplier  About IndustryNet  
 Get Free Quotes  Buyer Reviews
 Expansion & Relocation Guide  Marketing Solutions
 IndustryNet Blog  Add or Upgrade Listing
 ISO Standards & Certifications  Link to IndustryNet
 Browse All Categories  Contact IndustryNet
 Browse All Companies  Legal Information
© 2019 MNI