Coronavirus/Covid-19 Information & Updates for Manufacturers

NYS Manufacturing Expands, Pace Slows, Outlook Grows

According to the Federal Reserve Bank of NY’s Empire State Manufacturing Survey, “manufacturing activity grew solidly in…the June survey, though at a slower pace than seen in the past few months.”  The Index fell -6.9 points to 17.4 (a reading above 0.0 indicates expansion) driven by New Orders (-12.6 to 16.3), Shipments (-15.5 to 14.2)

Value Stream Mapping for Make-to-Order

The Lean Manufacturing trend that has swept through industry over the last 20+ years may have left some businesses behind. Many companies working in a Make to Order (MTO) or Engineer to Order (ETO) type of industry have rejected the Lean Manufacturing approach assuming that Lean does not apply to their business. The truth is

Report Sees Manufacturing Reshoring Spike

According to Thomasnet.com’s “State of North American Manufacturing, 2021 Annual Report,” 83% of North American Manufacturers report that they are “likely” to “extremely likely” to reshore, compared to 54% in early 2020, with an estimated impact of $443 Billion.  Increasing interest in reshoring is presumably related to supply chain dislocations and risks related to COVID

U.S. Manufacturing Grows Despite Challenges

  The Institute for Supply Management released its closely watched PMI Report on Manufacturing for May indicating continued growth in manufacturing across the United States.  The PMI Index was up 0.5 points from April to 61.2 in May with 16 of 18 manufacturing sectors reporting growth.  But this expansion does not come without challenges.  According

Industry 4.0: Review of a Smart Manufacturing Road Map – Webinar 6/25

What is Industry 4.0? It is a term that is being used more often, and yet, it is a confusing topic to identify the value. This free webinar will focus on defining “Smart” manufacturing, the benefits and a roadmap on how to get there. Friday, June 25, 2021 Noon – 1:00 PM Click here to register

Manufacturing is Alive and Well in WNY

2021 Business First Manufacturing Award Winners More examples that manufacturing is alive & well in WNY.  The annual Business First Manufacturing Awards honored 20 area companies today for their contributions to the economic climate of Western New York.  Insyte Consulting is proud to have worked with many of the winners.  Congratulations everyone!   2021 MANUFACTURING AWARD WINNERS include:  Lifetime Achievement John Somers 

Building Great Leaders Around You: A One-Hour Webinar – June 4th at Noon

“You add value to people when you value them.” – John C. Maxwell Most organizations, businesses, and non-profits find it hard to locate great leaders. Many spend time looking for them through job searches and still don’t discover the leaders they need. They hire people that don’t fit their culture or are not very good at

NYS Manufacturing Stays Hot

According to the Federal Reserve Bank of NY’s Empire State Manufacturing Survey for May, manufacturing “continued to grow at a solid clip in New York State.”  The index registered 24.3, a drop of -2.0 points from April’s 3-year high, but still indicative of “sturdy” growth (a reading above 0.0 indicates expansion).  New Orders, Shipments and

Buffalo Angels Have Busy 2020 and Fast Start in 2021

The Buffalo Angels, a group that invests in high-potential startups in the Western portion of Upstate New York, made a record-setting number of investments in first quarter of 2021.  This followed a strong 2020 in spite of disruptions caused by the COVID-19 pandemic. Buffalo Angels invests through both its member-managed funds and individual investments by

Up, Up and Away!

Today is National Space Day created to celebrate the pursuit of knowledge and progress in space.  WNY has played a big part in space exploration starting in the 1950s with the Agena rocket engines built in Wheatfield and continuing to the present-day Mars Curiosity Rover with ball bearings supplied by SKF in Falconer.  In fact,