Economy

Durable Goods and the US Economy

Last newsletter we wrote about the general state of the economy, which noted overall positive factors, but weakness in durable goods.  Since durable goods manufacturing is the area of our greatest interest, we thought we would probe further. Durable goods orders and the Institute for Supply Management’s PMI seemed like two appropriate measures for something as complex and inscrutable as economic forecasts.  We seek something useful that’s understandable by normal people. Since we’re looking at durable… Read More


How is the US Economy Doing?

Recently Larry Kudlow, Trump’s Director of the Economic Council, presented a very rosy description of the US economy.  Among other claims was that we (the US) is the best economy in the world, and where business and money wants to be.  So we wanted to know more, and looked at The Balance for more info.  We found an excellent (and BRIEF) summary, and the 6 factor highlighted are these: Jobs: A healthy economy adds 150,ooo… Read More


Economic forecast for Manufacturers: Free Presentation

The Cincinnati CPA firm Barnes Dennig has a special emphasis on manufacturing.   On November 7, 2018, Barnes Dennig and a few other local companies will sponsor a wonderful presentation that features nationally known speaker Alan Beaulieu, who gives a terrific presentation with a very valuable message.  It’s free, too! Mr. Beaulieu’s company is ITR Economics which claims to be the oldest, privately-held, continuously operating economic research and consulting firm in the United States.  Their value proposition is… Read More


Are You a “Customer of Choice” to Your Suppliers?

There are actions available to most buyers that will surely lead to better supplier relationships. A Dell Computer executive dealt with the issue of “what your suppliers really think of you and what you can do about it” in a recent webinar.  Proficient Sourcing helps buyers seeking new custom manufacturing sources.  “Commitment to Utilization” was one webinar point that has particular application for these circumstances. It is wise to keep in mind that with a… Read More


2018 — Good Economic News

Industry Week’s January 29, 2018 edition featured an article “State of the Economy: January 2018”. The article uses big picture macro economic statistics, which show optimistic news. It begins with this: “We are off to a positive, yet demure start to 2018. Leading economies are exhibiting slower, but stable growth and the U.S. has followed a similar trend with many manufacturing companies excited for growth due to new tax laws.   The cyclical upswing that is… Read More


Trump has Manufacturing all Wrong

Reshoring is of great interest to us at Proficient Sourcing because of our desire—and ability to provide good manufacturing candidates for the outsourcing needs of most OEM’s.  We have a very wide and diverse collection of shops to do just that.  If reshoring is on your agenda, we hope you will keep us in mind.  Here’s a listing of most of the capabilities we can offer.  In fact, we are available and ready to assist… Read More


Rare Earths – Continued

If your supply chain includes items involving rare earths, a recent executive order signed by president Trump would be worthy of your attention. According to a Washington Post article from December 20, 2017, “President Trump signed an executive order….instructing his deputies to devise a strategy to reduce the nation’s reliance on critical minerals that are largely imported and used to produce everything from smartphones to weaponry”.  If this means the government is going to take… Read More


Jobs and the Skills Gap—What To Do?

There’s been a great deal of news about jobs, jobs, jobs lately.   “In June, the Business Roundtable reported half of its members were having difficulty finding applicants with employability skills, like math, the ability to read technical manuals, and complex problem-solving”. Are you concerned about this skills gap?   If so, what to do? “In an article in the Harvard Business Review, Andy Smarick discussed the disruption of computers in numerous industries over the last two… Read More


Minimum Wage 2.0

Minimum wage has been a hot topic lately, and the subject of a recent newsletter (https://proficientsourcing.com/minimum-wage/).  In it’s simplest form, the arguments for say it’s an economic boost and step to address income inequality.  The cons say it hurts those most in need of jobs (the unskilled young).  So this time we’ll examine the issue a bit more and hope you will add to our blog. Our first question is if the minimum wage question… Read More


Gender Pay Equality — An Update

Workplace gender pay equality (or the lack thereof) is often in the news, so we look for (hopefully) reliable new information. Last December we found something about C-suite equality (https://proficientsourcing.com/gender-equality-boardroom-not-much/) and just this week we found another. Our guess is many of you have had experience with salary negotiations during job interviews, so this one may be of particular interest. We hope so. The September 5, 2017, article in the Harvard Business Review, “Why Banning… Read More