This year, unemployment rates have dropped to an 18-year low and local manufacturers are scrambling to find new and innovative ways to grow without gaps. As founder of the advisory firm 100X LLC and chair of Vistage Executive Peer Group, an executive coaching organization, former manufacturing exec Steve Johandes helps dozens of local organizations and companies position themselves for “what’s next” in the market.
Women are critical to addressing the serious shortage of qualified applicants for skilled production positions, according to Kelly Springer, CEO of Metal Flow Corp., a Holland-based automotive supplier. Yet, relatively few women choose manufacturing careers. As chair of Inforum’s ManufacturingNext steering committee, Springer is helping to strengthen the talent pipeline of women who thrive in manufacturing professions.
After acquiring Nuvar Inc. in May from its long-time owner, Amy Sparks is executing on growth plans for the Holland-based manufacturer and developer of finished goods primarily for the contract furniture industry. While she’s mindful of some softening in the broader market, Sparks remains “cautiously optimistic” for the economy in 2019.
The 2019 forecast for the automotive industry remains steady, although sales are expected to experience “a little bit of a step down” to 16.8 million units compared to an expected 17.1 million units this year, according to Mike Wall, director of automotive analysis at IHS Markit. The big cloud over the industry currently hinges on tariffs and trade deals, specifically the United States Mexico Canada Agreement. Wall expects the USMCA to get enacted in some form, even though he does expect to see “some adjustments on the margins.”
Grand Rapids Community College will receive $100,000 from heavy metal band Metallica to support new programming, the school announced today.
GRAND HAVEN — By investing in three new injection molding machines in 2018, Anderson Technologies Inc. is betting that Industry 4.0 technologies will counter the effects of a shrinking workforce locally and nationally.
MANISTEE — A Northern Michigan-based manufacturer of electronics and electrical assemblies has been acquired by a portfolio company of New Water Capital Partners LP of Boca Raton, Fla.
GRAND RAPIDS — Steve Weber’s purchase of Performance Die Cutting and Finishing LLC proves it’s hard to stifle the will of an entrepreneur to be his own boss.
With 2018 shaping up as slower than expected for the automotive supply chain, West Michigan-based tool and die makers are embracing diversification to counter the cyclical industry.
GRAND RAPIDS — For its first acquisition, Northville-based Orchard Creek Capital LLC targeted an investment in an established, family-owned manufacturing company.