There are those who think their businesses are running perfectly and don’t need to improve or grow. Maybe they’re right, but this type of thinking goes against my guiding principles. For those of us who recognize the importance of change through improvements and growth, success typically boils down to commitment, prioritization, focus, discipline, action, and leadership. It’s always easier said than done.
When people think of industrial manufacturing, often times gigantic heavy-duty equipment comes to mind. The truth is, many companies are tasked with building small parts designed to be used in everything from commercial equipment to classified defense projects. Schatz Bearing Corporation proves that small ball bearings serve crucial roles in the manufacturing sector.
For the last 20 years the National Association of Manufacturers (NAM) has conducted the Manufacturers’ Outlook Survey. This year manufacturers reported record breaking optimism, with 92.4 percent of manufacturers surveyed reporting a positive outlook for their companies. Link to full survey results inside.
Each month the Federal Reserve Bank of New York distributes the Empire State Manufacturing Survey to about 200 manufacturing companies throughout New York State to analyze industry performance. Around 100 of the 200 companies contacted complete the questionnaire, which asks them to report on specific performance indicators and offer their projections for the upcoming months. The respondents are …