As the top decision-makers in their companies, Chief Executives (CEOs) in the manufacturing sector bear the responsibility of steering their organizations through an increasingly complex and competitive landscape. From technological disruptions to geopolitical tensions, the role of the CEO has never been more demanding. Here's an in-depth look at the most pressing challenges faced by manufacturing CEOs, as well as the solutions they seek to ensure long-term success.
It is common business knowledge that it costs your company more time and money to attract new customers than it does to keep your current customers returning. Industry experts estimate that it is five times more expensive to chase new customers, which is borne out by customer retention statistics.
This article will provide you with some suggestions for your company's customer retention efforts, which will improve your bottom line.
E-Pax Systems, an environmental technology company founded in 2000 in Los Angeles, California, specializes in bailing and compaction equipment for commercial and industrial waste handling applications. While the company has an established product line, it also has a unique offering--rolling compactors for reducing air pockets in dumpsters for significant cost savings. However, they faced a sales challenge.
Utah is a truly unique manufacturing state. Home to some top manufacturers making everything from electronics to medical devices and rocket propulsion systems to essential oils, Utah is renowned for its low business costs and educated workforce.
Let's take a look at the latest trends in Utah's eclectic industrial sector and explore the state's ten largest companies.
Legal executives in manufacturing face a multitude of complex challenges as they work to ensure compliance, protect intellectual property, and manage risks in a fast-evolving industry. In an environment where regulations, globalization, and technology play significant roles, the legal function is more critical than ever to the success of manufacturing companies. So what exactly is keeping legal execs in manufacturing awake at night--and what kind of solutions are they seeking? Below, we explore the key challenges confronting legal executives today.
Doesn't it seem like talk of a recession has been going on for years now? Though it has yet to materialize in the post-COVID era, businesses are keeping a wary eye on the news, and that news can be confounding. One day, we have a great jobs report, the next a terrible industrial production report. The Federal Reserve finally lowered rates--great! But is it enough? And then there' s the election: could we be facing worse inflation? More tariffs? Boom times or recession? All of it leaving many in business development to ponder if they should pause investment until things get better--or at least more certain.
The U.S. textile mill products industry is a vital part of the nation's economy, providing jobs to millions of Americans and exporting products around the world. The industry produces fabrics, yarns, threads, and other products that are used in apparel, home furnishings, industrial and medical applications. In this blog post, we will explore some of the key facts and statistics that illustrate the size, scope and impact of this industry on the U.S. and also uncover some sales opportunities for those looking to do business with this robust industry.
For those looking to do business with New York manufacturers, it helps to have a thorough understanding of the state's manufacturing climate. Today we're focusing on some key statistics on New York's manufacturing sector and providing a look at the state's top companies.
Innovation is the lifeblood of success for manufacturers, and no role embodies this more than Research & Development (R&D) executives. Tasked with developing new products, improving existing processes, and driving technological advancements, R&D leaders face a series of multifaceted challenges that demand creative thinking, cross-functional collaboration, and strategic risk-taking. Let's take a look at the key challenges R&D executives in manufacturing confront and the solutions they are seeking.
While it seems just like yesterday we were waiting for prospects to get back from summer vacation, here it is: the fourth quarter and the race is on. The window to close deals is about to narrow quickly, but with a sharp plan and the right tools, this can be your most profitable quarter yet.
The U.S. manufacturing sector plays a central role in the economy, accounting for 20% of U.S. capital investment, 60% of the nation's exports and 70% of business R&D. Overall, the sector's market size, measured in terms of revenue is worth roughly $6 trillion, making it a major industry to do business with.
So which U.S. states are the biggest for manufacturing? This article will explore the nation's top manufacturing states, measured by number of employees, based on MNI's database of 400,000 U.S. manufacturing companies.
Information technology (IT) executives play a key role in driving innovation, operational efficiency, and competitive advantage across all sectors, including manufacturing. Yet as technology continues to reshape manufacturing, IT leaders are tasked with navigating a wide array of challenges, from cybersecurity threats to integrating cutting-edge technologies into traditional manufacturing environments. This article will explore some of the most critical issues IT executives face in 2024 and the types of solutions they are seeking.
It was "back to school" for the U.S. manufacturing sector in September, with major new operations announced across multiple industries. From investments in aerospace and renewable energy to advancements in clean technology, not to mention the nation's first high-speed rail production facility, the initiatives reflect a strong commitment to innovation and growth. Spanning ten states and representing billions in investment and thousands of jobs, let's explore some the most exciting new endeavors announced in September.
If you were to refer to the stone, clay, and glass industry as the salt of the earth, you wouldn't be far off the mark. This sector uses natural substances gathered from our planet to make everything from roads to shower doors. Stone is primarily utilized by the building industry. However, glass and ceramics manufacturers serve the space, telecommunications, food storage, chemical, medical, nuclear, and computer industries.
Glass can be manufactured in a world of sizes and shapes for a dazzling array of applications. Manufacturers use clay to produce tile, china, electrical supplies, pottery, and many other ceramic products. Clay also figures heavily in research and development for new products. Stone, glass, and clay offer a multitude of opportunities for equipment and material suppliers. This industry also needs mainstream service providers in fields such as finance, IT, and staffing.
With its low business costs and abundant natural resources, Oklahoma has drawn a diverse set of manufacturers to its borders, with strongholds in industrial machinery, food processing, aeronautics and more. This article will explore the latest data on Oklahoma manufacturers and share some essential insights provided by the state�s top industrial companies.
In the fast-paced industrial sector, where relationships and timing can make or break deals, we often emphasize the big moves -- massive outreach campaigns, market expansion strategies, or product launches. But there's an underappreciated aspect of success in sales and marketing that many overlook: the impact of small, seemingly insignificant data updates.
It's easy to dismiss a job title change or an updated phone number as trivial, but in reality, these little details can dramatically affect how you approach a prospect, your success rate, and how you close deals. Plus missing out on these changes can cost your organization big money. Let's take a look at some real-world scenarios that show how small data shifts can give you a competitive edge in the industrial sector.
In manufacturing, few roles are as integral to the smooth functioning of operations as that of plant management executives. These leaders are tasked with the oversight of daily production activities, facility maintenance, and operational performance. Their responsibilities, however, go beyond just keeping the lines running--they must also navigate an evolving landscape of challenges that demand strategic foresight, adaptability, and innovation. This post delves into the pressing challenges faced by plant management executives and the strategies they employ to overcome them.
Home to MIT and Harvard, Massachusetts has its pick of innovators and the state's manufacturing sector reflects that, with strongholds in medical and surgical instruments, electronics and pharmaceuticals. This article will explore the latest data on Massachusetts manufacturers and share some essential insights provided by the state's top industrial companies.
Operations executives are the backbone of a manufacturing company's ability to stay competitive, efficient, and productive. Their role involves overseeing everything from supply chain logistics to production processes, ensuring that day-to-day operations run smoothly while also driving long-term strategic initiatives. However, maintaining operational efficiency in today's complex and rapidly changing landscape comes with its own set of challenges.
In our post On the Road Again: The Power of Face-to-Face Meetings in Industrial Sales, we shared some intriguing stats on the value of in-person meetings for industrial salespeople, finding that even as the business world continues to embrace digital tools, in-person meetings are experiencing a resurgence in the post-pandemic world.
The U.S. plastics and manufacturing sector is a dynamic and growing industry, demonstrating strong exports and employment growth in recent years. A large and complex industry that encompasses everything from mechanical rubber goods and gaskets to plastic film and foam products, having a deep understanding of this market can help industrial sales and marketing professionals navigate the industry. This article will break down the key elements of the rubber and plastics sector in the U.S, including major subsectors, and will examine the latest trends, statistics, and challenges in the industry.
Missouri boasts a robust and diverse industrial landscape, with aerospace, transportation, and food products leading the charge in driving economic growth. Known as the Show-Me State, Missouri is home to a dynamic manufacturing sector that continues to innovate and expand. In this article, we will explore latest manufacturing trends and highlight the top companies that are shaping these key industries.
As we continue our "Executive Perspectives" series, the spotlight shifts to purchasing executives who play a critical role in managing supply chains and making strategic purchasing decisions within the manufacturing sector. The year 2024 presents unique challenges for these leaders, driven by global supply chain disruptions, rising costs, and the need for greater sustainability. So what else is keeping purchasing executives up at night--and what types of solutions are they seeking? Let's take a look:
Are you struggling to close deals in the competitive industrial sector? Just as businesses began to recover from the pandemic's massive economic impact, a new looming recession in 2024 began to bring on more uncertainty. This involves layoffs and budget cuts. Because of this, B2B sales in 2024 requires a more thorough approach and needing a clear strategy to win more deals in the B2B industrial sector.
With its low business costs and abundant natural resources, Montana is an attractive state for many manufacturers. While historically strong in the lumber and wood industries, the state has also drawn a diverse set of industries to its borders in recent years, including some key players in the semiconductor and pharmaceutical industries.
This week, we continue our "Executive Perspectives" series by focusing on the challenges faced by human resources (HR) executives in the manufacturing sector as they navigate the complexities of 2024. With the manufacturing industry at the heart of economic growth and innovation, HR leaders must contend with a unique set of issues that demand strategic foresight and adaptability.
As U.S. manufacturers continue to expand and invest in new facilities, several key projects have been announced across the country in August. These developments highlight the ongoing growth and diversification within the industry, from renewable energy to advanced manufacturing technologies. From steel frames in Arkansas to solar panels in Texas, don't miss our roundup of the most exciting new manufacturing ventures announced in August:
West Virginia has long been known for its coal mining industry, but over the past decade the state has transformed its manufacturing sector, attracting enterprises from a wide range of industries to its borders. West Virginia's largest manufacturers are emblematic of this trend, with some big names in the automotive, food processing, defense, steel and chemical industries all calling the state home.
Today, we're exploring the latest facts on West Virginia's industrial sector and getting to know the state's ten largest manufacturing companies.
In the manufacturing sector, capital investment is essential for staying competitive and fostering growth. For financial executives tasked with overseeing these investments, the process is fraught with complexities and hurdles. For those in industrial sales, marketing, and business development, understanding these challenges can be a game-changer.
Email remains one of the most powerful tools for B2B marketers, especially in the industrial sector. However, the effectiveness of email campaigns heavily depends on the ability to reach the intended recipients' inboxes. With the increasing sophistication of spam filters and the ever-present threat of phishing and spoofing, ensuring that your emails are authenticated properly is crucial. This is where SPF, DKIM, and DMARC come into play.