Economy

Jobs, Jobs, Jobs – Chapter 2

A great deal of the current administration’s spending seems to be directed to increasing jobs in America. Whether green energy or infrastructure, what’s made the news usually includes some reference to new job creation. Is this credible? Can the federal government make a meaningful contribution to the country’s employment, and if so, where and how? One thing for sure is subsidies for some businesses will surely create new jobs. The emphasis on green energy in… Read More


Help Wanted? Right!

Jobs, jobs, jobs are frequently in the news these days, as the feds consider their various spending propositions. Since the last go-around of “shovel ready” projects apparently discovered most shovels were MIA, we wonder if all this jobs talk will be an economic boon or something else. At the present time we see rapidly rising fuel, metals and lumber costs, a transition to open businesses up after a lengthy restrictive period for covid, and some… Read More


Our 2021 China Trade Relationship

As we look beyond coronavirus effects, much of how our economy develops in 2021 will depend upon how we deal with China. Obviously there have been significant changes due to the pandemic, and now we have a new administration. Many believe the new administration is more favorably inclined to China, and there are even some reports of China “buying” influence as a widespread problem. Here’s just one example from a San Francisco newsletter: “The inaugural… Read More


Manufacturing Reshoring as 2020 Ends

Several 2020 articles and news reports indicate reshoring of manufacturing is on the rise.  Clearly the pandemic has shown the limitations of overseas supply for critical items in a situation of rapidly increased global demand.  Increased reshoring might be a good economic boost, and act to counter the negative effects of the pandemic. The Trump administration made a great deal of noise about increasing US manufacturing, and especially bringing operations back from China.  Tax policies,… Read More


Manufacturing in 2021 – A Prediction

With all the unusual events of 2020, and the multiple effects on US manufacturing, what is forecast for 2021? Surely major change has got to occur, and how we respond to those changes is likely to be a very major factor in business growth. When we found a Forbes article from late December, Five Predictions for The Manufacturing Industry in 2021, we found some hints on what lies ahead. Proficient Sourcing, which finds and recommends… Read More


CFO’s Economic Forecast

CNBC’s Global CFO Council is a group of the world’s top CFO’s, and this group issues quarterly outlooks for the largest global economies, as well as other economic forecasts.  These outlooks occur in categories such as “improving”, “modestly improving”, “stable” and “modestly declining”.  China’s economy continues to get the highest “grades”. As we all know, the global coronavirus has depressed virtually all economies one way or another, and in the US, for example, such businesses… Read More


The Supplier “Fires” a Customer! Now A New Supplier is Needed – FAST

Proficient Sourcing exists to help buyers find excellent custom manufacturing suppliers.  We have a large network of possibilities for supplier candidates and referrals.  Click here for a listing of capabilities. Occasionally the buyer’s company has issues that impede a good search, and in those cases we can have a very helpful role.  Here’s an example: Recently we were contacted to assist in a situation where a supplier wanted to “fire” a customer.  Ultimately we were… Read More


US Economic Forecast – Coronavirus Spike

Given the recent spike in coronavirus cases, what’s the latest US economic forecast?  Cynics would note if you take a dozen economists in a room you’ll get a dozen different opinions.  This is probably more true in the highly partisan political climate, adding more confusion. So we listened to a video from ITR Economics, a non-partisan forecasting firm in New Hampshire that has a pretty good record of accuracy.  And the good news is ALL… Read More


Economic Forecast and Reshoring News

The next couple of years should be good growth years for the US, and us in OH.  A time for expansion and taking advantage of good times.  All the economic indicators they use are upward pointing even with an uncertain virus situation.  Reshoring into the US should continue, as this is the place to be for manufacturing! This is the headline from ITR Economics in a webinar we saw recently.  ITR is a firm that… Read More


Target Pricing: Good Idea to Share with Prospective Vendors?

Recently we introduced a potential supplier to an equipment OEM.  The OEM has several fairly large machine parts they want to source to new machining sources.  The desired vendor will be capable of handling thousand pound steel parts, which require complex machining operations.  Not quite 5-axis, but their parts have very intricate details. Typical machine shops do not have the quality infrastructure to be comfortable with such requirements or size, and since the OEM’s parts… Read More