Coronavirus/Covid-19 Information & Updates for Manufacturers

Workshop: Succession & Transition Planning for Key Team Members – March 11th

Practical and interactive virtual workshop in which participants will learn about and develop an initial transition and succession plan for their business. When & Where: Thursday, March 11th 9:00 am – 11:00 am Virtual Workshop: Link and materials will be emailed to registrants prior to workshop Cost: $50 per person Registration*: Click Here *Registration is

Area Manufacturing Well-Represented in Power 250

The first portion of the Power 250, Business First’s annual list of “powerful people,” contains a large helping of manufacturing owners, operators and supporters, as you’d expect for an industry that provides 65,000 jobs and billions in GDP for WNY.  John Somers of Harmac, Sealing Devices’ Terry Galanis, Jr., Peter Coleman of the Buffalo Niagara

NY Manufacturing Grows

The NY Federal Reserve Bank’s Empire State Manufacturing Survey for February reported an uptick in manufacturing across the State.  The Current Business Conditions Index was up +8.6 to 12.1 (a reading above zero indicates growth) led by increases in New Orders and Shipments.  According to the NY Fed “Input Prices rose at the fastest clip

Improvement at Tonawanda Plant Leads to Increased Output, Investment & Jobs

We’re inspired by this article in Buffalo Business First about Sumitomo Rubber USA’s plant in Tonawanda, which increased its output by 30% last year. This improvement will result in $122 million of investment by Sumitomo’s parent company in new production equipment, the addition of 30-60 new jobs and nearly doubled sales volume in the years

Five Keys of Effective Project and Order Review Meetings

Insyte Consulting regularly helps local organizations implement improvements that impact how quickly and effectively products and projects are delivered including changes in processes, layout, systems and technology.  We are often asked for recommendations on how to sustain these changes and continuously improve upon these processes.  One of the most common improvement opportunities lies with the

A Good Start for U.S. Manufacturing in 2021

  The Institute for Supply Management’s (ISM’s) PMI, a key measure of American manufacturing activity, indicated growth in January to start the year.  The PMI was 58.7, down 1.8 points from a multi-year high of 60.5 in December (a level above 50.0 indicates expansion).  According to ISM, “Manufacturing performed well for the eighth straight month,

PPE MFG in WNY

Here’s a great story about a start-up company manufacturing personal protective equipment right here in WNY.  Congratulations to Connor Knapp, Pete Bruckel and the whole NYPPE Inc. team for a great article in Business First. “Knapp and Bruckel are the co-founders of a new company, NYPPE Inc., which aims to make affordable N95 surgical masks

State Manufacturing Lukewarm

The NY Federal Reserve’s Empire State Manufacturing Survey signaled little change in NYS manufacturing activity from last month when it registered 3.5, a decrease of -1.4 points from December (a reading above 0.0 indicates growth).  Most constituent measures posted similar numbers, including New Orders and Shipments.  Only Prices Paid at 45.5, up +8.4, showed strong

Last week to register: Trade Adjustment Assistance Funding Webinar – Jan.14

Has your business been impacted by foreign competition? Learn about the Trade Adjustment Assistance Center (TAAC), a non-profit, regional center that provides federal funding assistance exclusively to manufacturing and service companies. When & Where: Thursday, January 14th 10:00 am – 11:30 am Virtual Meeting Link will be emailed to registrants prior to workshop Cost: No

U.S. Manufacturing Ends 2020 on a High

The Institute for Supply Management’s closely watched manufacturing PMI Index unexpectedly increased +3.2 points in December to 60.7, its highest level in over two years, beating the consensus forecast of 56.6 despite continued COVID headwinds (a reading above 50 indicates expansion).  According to ISM, “companies and suppliers continue to operate in reconfigured factories, but absenteeism,