IMTS Insider

IMTS Insider

The IMTS Insider is your one-stop destination for updates about the show, as well as information on business solutions, manufacturing technology advances, marketing & sales tips, professional development, and industry events. Check your inbox each month for the latest edition!

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Rebuilding and Reshoring: What can contract manufacturers do?

Rebuilding and Reshoring: What can contract manufacturers do?

Category: Supply Chain Dec 14, 2020

U.S. import volume is about 130% of domestic production. A widening skills gap, underinvestment, weak marketing and a narrow scope of core competencies threaten the growth of U.S. manufacturing. These challenges must be addressed so companies can thrive and meet goals for growth. 

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Rebuilding and Reshoring: Collaborative Partnerships

Rebuilding and Reshoring: Collaborative Partnerships

Category: Supply Chain Dec 11, 2020

As the country reevaluates manufacturing, sourcing and purchase decisions, due to tariff and pandemic-induced supply chain turmoil, we should consider the wide-ranging advantages of collaborative partnerships. Reshoring is a team sport; together we can win our shared objective to boost U.S. competitiveness!

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Rebuilding and Reshoring: What can consumers do?

Rebuilding and Reshoring: What can consumers do?

Category: Supply Chain Dec 11, 2020

Studies show that Americans prefer U.S.-made products and that this preference can help bring manufacturing back to the United States. Consumer choices have a real impact on the economy, but some surveys indicate that less than half of consumers tried to purchase U.S.-made goods. Here’s a buying strategy to help you and other consumers  turn  preferences for U.S. goods into more purchases, which will help rebuild the U.S. economy.

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Rebuilding and Reshoring: What can OEMs and Retailers do?

Rebuilding and Reshoring: What can OEMs and Retailers do?

Category: Supply Chain Dec 11, 2020

U.S. companies have, too often, removed manufacturing from their list of “core competencies” focusing instead on finance, marketing, and design. But how can OEMs increase U.S. competitiveness and reshore profitably? Learn to reevaluate the offshoring/reshoring decision and close any remaining cost gaps.

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An Insider’s Guide to Lean Supply Chain Performance

An Insider’s Guide to Lean Supply Chain Performance

Category: Supply Chain Dec 4, 2020

Paul Ericksen writes one of the best-read monthly columns for IndustryWeek. He draws on his decades of supply chain experience, sharing some eye-popping facts in this “top 10” column.

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Rebuilding and Reshoring: Is the United States Too Import-Dependent?

Rebuilding and Reshoring: Is the United States Too Import-Dependent?

Category: Supply Chain Nov 4, 2020

The COVID-19 pandemic revealed the vulnerabilities of 40 years of hollowing out U.S. manufacturing. So, how dependent is too dependent? Understanding the risks will drive our national motivation to achieve a safe balance.

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Rebuilding and Reshoring: 800,000+ Jobs Since 2010

Rebuilding and Reshoring: 800,000+ Jobs Since 2010

Category: Supply Chain Oct 26, 2020

Companies are averting supply chain disaster and pivoting to the “new normal.” Priorities are beginning to shift from cost minimization to more resilient, localized supply chains and risk minimization. With today’s supply chain turmoil, companies are reevaluating their offshore sources, and reshoring is beginning to surge in 2020.

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ReThinking Supply Chain Structure: Lean, Agile, or “Leagile”?

ReThinking Supply Chain Structure: Lean, Agile, or “Leagile”?

Category: Supply Chain Oct 21, 2020

Options for rethinking a supply chain approach include lean, agile, or a combination of the two, sometimes called “leagile.” Here’s a quick introduction to all three, plus a stress test to help spot supply chain vulnerability.

We’re surviving tariffs, trade wars, and COVID—by the time the next disruption inevitably strikes, will you have created a more resilient supply chain? Options for rethinking your approach include lean, agile, or a combination of the two sometimes called “leagile.”

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A Short Supply of Long Thinking – Part 1

A Short Supply of Long Thinking – Part 1

Category: Supply Chain Oct 21, 2020

Lean principles, lean math and taking the long view. In Part 1 of a two-part conversation with Jim Womack, father of the lean movement, IMTS reviews the state of the U.S. supply chain, discusses JIT vs. MRP, media hype and solutions for our chronic unpreparedness for disruptions.

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A Short Supply of Long Thinking – Part 2

A Short Supply of Long Thinking – Part 2

Category: Supply Chain Oct 21, 2020

In Part 2 of a conversation with Jim Womack, the father of the lean movement, we discusses the origins of “lean math,” the reshoring movement, the tragedy of short-term thinking and shares some success stories of leaders who have seen the light.

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Opportunity in a Time of Crisis: State of the Manufacturing Technology Industry

Opportunity in a Time of Crisis: State of the Manufacturing Technology Industry

Category: Supply Chain Oct 20, 2020

The COVID-19 pandemic has exposed a lack of adaptability, flexibility, and resilience in meeting the demand for critical goods, materials, and production equipment in the United States. As it became clear that the United States, over a period of years, had decided to buy, and not build, items that were suddenly critical supplies, equipment builders and manufacturing supply chain management were thrust into public view after having long been in the shadows.

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Strategies to Build Supply Chain Resiliency

Strategies to Build Supply Chain Resiliency

Category: Supply Chain Oct 20, 2020

Supply chains have evolved as an efficient way to source raw materials and parts from the most cost-effective global sources for the manufacture of final products. To date, they have not focused on resiliency, visibility, or redundancy; instead, the goal has been to deliver speed and quality at the lowest cost.

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The Economic Impact and Security of the Manufacturing Technology Supply Chain

The Economic Impact and Security of the Manufacturing Technology Supply Chain

Category: Supply Chain Oct 20, 2020

The supply chain disruptions caused by COVID-19 may have appeared unexpected and sudden, but they are the result of decades of decision-making that led to key parts of the North American manufacturing supply chain being offshored. Often, those decisions made sense. It is profitable for American companies to lower their labor costs and decrease their regulatory burden; but in doing so, many became over-reliant on foreign suppliers, and the supply chain buckled under this recent pressure. The weaknesses in the supply chain are likely to widen and threaten the American industrial base unless action is taken.

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6 Technologies to Strengthen Supply Chains & 3 Ideas for Suppliers

6 Technologies to Strengthen Supply Chains & 3 Ideas for Suppliers

Category: Supply Chain Oct 13, 2020

Tier 1 companies are relying on transformative technologies to get through the pandemic and navigate their future. Familiarize yourself with these accessible assets and learn how to strengthen your own operations and be a part of rebuilding the supply chain.

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Rebuilding and Reshoring: How did offshoring get so strong?

Rebuilding and Reshoring: How did offshoring get so strong?

Category: Supply Chain Aug 17, 2020

U.S. manufacturing output growth has been slowing, especially since 2000. Our goods consumption has grown at least as fast as GDP, but we no longer make the majority of what we consume. Understanding why offshoring became so strong will help define how to drive rebuilding the supply chain.

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Rebuilding and Reshoring: Reestablishing Supply Chains by Increasing Competitiveness

Rebuilding and Reshoring: Reestablishing Supply Chains by Increasing Competitiveness

Category: Supply Chain Aug 3, 2020

The U.S. share of global manufacturing has shrunk from about 50% in 1945 to 17% in 2018. How did this trend occur? What success have we had since 2010 in reversing the decline? What needs to be done to restore self-sufficiency, to reestablish U.S. supply chains? How can companies engage and benefit? Get answers.

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3 Reasons Manufacturers Might Use Vendor Managed Inventory

3 Reasons Manufacturers Might Use Vendor Managed Inventory

Category: Supply Chain Jul 20, 2020

To avoid disruptions in production, more companies are taking a cue from Walmart and Amazon. They are using Vendor Managed Inventory or outsourcing inventory for someone else to manage to ensure the right product goes to the right person at the right time.

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Rebuilding the Supply Chain: Incentivizing Investment

Rebuilding the Supply Chain: Incentivizing Investment

Category: Supply Chain Jun 30, 2020

The Tax Cuts and Jobs Act of 2017 provided financial incentives for making capital investments through increased Sec. 179 expensing limits and 100% bonus depreciation. These government incentives play a critical role in helping manufacturers acquire new technology to improve their global competitiveness.

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Wisconsin Manufacturer Quickly Adapts Product to Help Hospitals Fight Covid-19

Wisconsin Manufacturer Quickly Adapts Product to Help Hospitals Fight Covid-19

Category: Supply Chain Jun 23, 2020

Wisconsin manufacturer quickly adapts his industrial dust-collector product to help create a HEPA-filtered, negative-pressure environment for use in a COVID-19 hospital unit. With his commercial business down 50 percent, the product helps keep workers employed and boosted their moral when they heard none of the healthcare workers in that hospital have contracted the virus. 

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ReEngaging the Supply Chain: What Can Job Shops Do?

ReEngaging the Supply Chain: What Can Job Shops Do?

Category: Supply Chain Jun 23, 2020

Show customers the lowest price is not always the lowest cost. Here are six ways job shops can help strengthen the supply chain... and gain new customers.

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