Friday, December 27, 2013

Happy Holidays from MMTC

We hope you have time to


have some Fun,  

And enjoy the Great Outdoors 

This Holiday Season.

We'll See you in 
Best Wishes, 

Since 1991, MMTC has assisted Michgan's small and medium-sized businesses compete and grow. Through personalized services fitted to meet the needs of clients we develop more effective business leaders, drive product and process innovation, promote company-wide operational excellence and foster creative strategies for business growth and greater profitability. Find us at www.mmtc.org

Friday, December 20, 2013

Looking Ahead to 2014: Two Key Focuses


Can you believe it’s already the end of 2013? It seemed like just yesterday that we were making resolutions for this year. You know them…lose some weight…take up a new hobby… waste less time at work…spend some more time with family and friends...

How’d your resolutions go? Are you 20 pounds lighter, an expert in painting, more productive at work and happier with your friends and family? Ehhh… I didn’t quite get to mine yet... I guess I’ll be recycling some of them for next year…

Anyway, as we wrap up our final working days of 2013, it’s time to start looking ahead to the next year. Here are two key topics to think about:

Growth

The “U.S. manufacturing renaissance” is building even more momentum. According to the latest Bureau of Labor Statistics' monthly jobs report, there was a 27,000 job net increase in manufacturing. This was the sector’s largest gain since March of 2012! A chart in an Industry Week article shows that food manufacturers led the way:

Food
7,800
Motor vehicles & parts
6,700
Transportation equipment
4,900
Fabricated metal products
3,100
Furniture & related products
2,100
Nonmetallic mineral products
2,000
Primary metals
1,700
Petroleum & coal products
1,600

The good news for Michigan’s manufacturers – growth in our sector is forecast to keep improving. The Manufacturers Alliance for Productivity and Innovation projects that production will increase 3.1% next year, and will be even higher in 2015 at 4.1%. 

Michigan’s companies should take advantage of the anticipated growth and should aggressively pursue strategies that foster business development. Click here for more information.

Innovation

Last year, we wrote a blog entry about the Top Manufacturing Trends of the yearInnovation was on the list…and it’s so important that we’re bringing it back again! Innovation is the process used to generate opportunities for growth.

Through innovation, manufacturers can improve productivity, revenue and everyone’s favorite “p” word – profitability! Sticking to the status quo doesn’t work anymore – it’s time to embrace innovation.

Click here to learn more about Leadership-in-Action Innovative Strategic Planning.

2014 will be an exciting year for Michigan’s manufacturers. If we don’t get a chance to see you, we wish a Safe and Happy Holiday Season to you and your family!
Since 1991, MMTC has assisted Michigan’s small and medium-sized businesses compete and grow. Through personalized services fitted to meet the needs of clients, we develop more effective business leaders, drive product and process innovation, promote company-wide operational excellence and foster creative strategies for business growth and greater profitability. Find us at www.mmtc.org

Friday, December 6, 2013

'Tis Every Season to Support Local Manufacturers

Every year around this time, you probably see messages from the media and pundits about shopping and buying from local businesses. And that message is correct – it’s important to purchase from local organizations during the holiday season. It’s a great boost to the local economy. We have a thought about this message though, and we would like to make a slight alteration…

First, chew on this: a study from American Express found that on this year’s Small Business Saturday alone, consumers spent approximately $5.7 billion at locally-owned stores and restaurants. That’s 4% higher than last year. Could you imagine what would happen if we treated every day like Small Business Saturday?

And here’s some more food for thought. Local First Arizona relayed stats produced by Local First, Grand Rapids, Michigan that reveals some great benefits that “keeping it local” offers:

  • For every $100 spent at a locally owned business, $73 remains in the local economy and $27 leaves
Conversely, there’s an impact when you don’t keep it local:

  • For every $100 spent at a non-locally owned business, $43 remains in the local economy and $57 leaves.
In Western Michigan alone, a 10% shift of spending from chains to locally-owned businesses would create nearly $140 million in new economic activity, add over 1600 new jobs to the area, and provide over $50 million in new wages.

So here’s the deal. While we agree with the “buy local” message, people often relate the thought exclusively to retail and restaurants. In addition to buying gifts and food locally, we should extend this thought to our businesses… we should look to buy parts and supplies from Michigan’s manufacturers….utilizing local manufacturers in our supply chain!

That’s why we would like to offer an addendum to the buy local message: we should be supporting local manufacturers all-year round!

From chemicals and metals to computer parts and electrical equipment, Michigan’s manufacturers supply it all. Don’t believe me? Just take a look at all of the companies in our Proud to Manufacture in Michigan program. No matter your need, there’s probably a local Michigan manufacturer who can help!

Remember, supporting local manufacturers goes beyond the holiday season! Heading into next year, make supporting Michigan’s manufacturers your New Year’s resolution!


Since 1991, MMTC has assisted Michigan’s small and medium-sized businesses compete and grow. Through personalized services fitted to meet the needs of clients, we develop more effective business leaders, drive product and process innovation, promote company-wide operational excellence and foster creative strategies for business growth and greater profitability. Find us at www.mmtc.org