As any company involved in the automotive industry knows, the sector clearly follows a cyclical pattern over time. Patrick Greene, the president of Cascade Die Casting Group Inc. in Grand Rapids, believes that after six years of growth in U.S. auto sales, the next downward cycle could occur “in the next couple years.” But Cascade Die Casting and other suppliers, for whom the pain of the 2008-2009 recession remains a very fresh memory, have already started taking action. “We are preparing by making sure our balance sheet is strong and our operations are highly productive and efficient going into the downturn,” Greene said.
Ask manufacturing executives about their biggest challenges and they’ll most likely sum it up in one word: talent. As Michigan’s unemployment rate continues to shrink, manufacturers have struggled to attract and retain people, especially the in-demand skilled workers they need to run their highly automated plants. The Lansing-based Michigan Manufacturers Association has heeded its members’ call by partnering with the SME Education Foundation and the Manufacturing Institute on a new talent solution, said MMA President and CEO Chuck Hadden. SME’s Partnership Response In Manufacturing Education (PRIME) initiative offers customizable curricula, while the Institute’s “Dream It Do It” program provides a framework for manufacturers to communicate more effectively with educators.
In speaking with hundreds of business executives over the last couple of months, we heard plenty of different phrases to describe their overall bullishness: All-time record year. Double-digit growth. Expansion. New markets. New products.
Members of the DeVos family are increasing their investment play in the craft beverage industry with the acquisition of a majority interest in a Newaygo County maker of hard ciders, MiBiz has learned.
Insurance broker Acrisure LLC of Caledonia has completed the $2.9 billion management-led buyout of private equity firm Genstar Capital.
GRAND RAPIDS — An investment banking adviser believes the current environment in the contract furniture industry should lead to more deals getting done before the end of the year.
A project to move a microbrewery from the outskirts of Sparta to the heart of the village downtown got a shot in the arm yesterday thanks to a state grant.
As New Holland Brewing Co. LLC ramps up a major expansion into the Grand Rapids market that’s expected to open next month, President and co-founder Brett Vanderkamp has plenty to keep his mind occupied.
The U.S. Department of Homeland Security has identified an unlikely threat lurking in West Michigan.
The U.S. Department of Homeland Security has identified an unlikely threat lurking in West Michigan. At issue is Grand Armory Brewing Co.’s attempt to trademark the phrase “Coast Guard City,” which it used in the name of a signature beer brewed for the annual Grand Haven Coast Guard Festival.