2023 Economic Outlooks: Opinions From Multiple Industries
Our primary task at IndustryWeek is covering the manufacturing world, but we can’t get to every topic that might interest our readers. Thankfully, our parent company, Endeavor Business Media, has a lot of publications that regularly provide insights into various major industries and niche markets. As we wrap up 2022, here’s a look at how […]
Outlook ’23: Keep Watching Those Price Pressures
November’s Institute for Supply Management Purchasing Managers Index brought an end to two and a half years of “official” growth in the manufacturing sector when it dipped just below 50% thanks in large part to drops in new orders and hiring. What does this mean for your business? Read further with Rivet|MRO to find out!
Reshoring Will Transform American Manufacturing
Today’s manufacturing industry is no stranger to the practice of offshoring. For many years, manufacturing companies have migrated some (or all) of their operations overseas to reap the benefits of relatively inexpensive labor. How does this transformation affect your business? Read further with Rivet|MRO to find out!
Resonate, Differentiate And Substantiate: What Top Sales People Do Differently
Top-performing salespeople are more likely to understand their buyers’ need for value and make the case for value more strongly compared with their peers, according to recent research from RAIN Group. How does this information resonate with your business? Read further with Rivet|MRO to find out!
US Wholesale Price Inflation Slows In October
U.S. wholesale prices continued to rise in October but at a slower pace than in the prior month, according to official data Tuesday which will add to rising hopes that inflation has peaked. The news, which came on top of last week’s report showing a slowdown in consumer prices, added traction to growing expectations the […]
Manufacturing Growth Slows To Two-Year Low
Manufacturing growth in the U.S. remained mostly flat in October, according to the latest monthly report on the sector from the Institute for Supply Management. The report, generated from a survey of business executives, said the ISM’s Purchasing Manager’s Index dropped 0.7 points to 50.2%, indicating extremely slow growth in the overall manufacturing economy. According […]
Buy From Yourself Once A Month (And 7 More Ways To Attract And Retain Customers)
The time and effort you invest can pay high dividends in a slowing economy. Now is the time to pull back from aggressively pursuing speed above all else and dedicate more time to nurturing customer relationships. The time and effort invested in treating customers more like collaborators can pay high dividends, including valuable feedback on […]
Meeting The Challenge Of Supply Chain Disruption
Challenges of shipping delays, transportation delays, parts shortages and congested ports during the pandemic have been a prime example that the age-old formula of minimizing costs and maximizing efficiency is no longer enough to keep global supply chains moving. To address increasing disruptions in the supply chain, redundancy and resilience need to be added to […]
Key Us Inflation Measure Maintains Pace In September
A key measure of U.S. inflation kept up its pace in September, government data showed at the end of last month, boosted by rising costs in services such as transportation, along with an uptick in food. The Federal Reserve’s preferred inflation measure, the personal consumption expenditures (PCE) price index, rose 6.2% from a year ago […]
US Industrial Output Rises In September On Manufacturing Gain
U.S. industrial production picked up more than anticipated in September, official data showed at the end of last month, as manufacturing output continued to expand. The figures defied expectations for near-flat growth, as rising interest rates start to bite, consumer spending shifts from goods to services and a strong dollar makes U.S. goods more pricey […]
