Are you planning to sell machinery online, considering the market opportunities available? It's a great option but may be more complicated than you think. Selling your used equipment online can prove to be quite profitable, but it may require some expertise and selling experience. In most cases, a person or company selling equipment may only see profits if they know the right tips. We recommend following some top methods to save you from this sales slump. Several professionals in the equipment industry provide these machines for sale, which makes it harder for you to succeed as a brand. Tips for Selling Equipment Online Faster It's understandable if you need help selling your equipment online quickly. It's challenging to thrive as a new seller in the industry, but the following tips can help you make it easier. 1 - Research … [Read more...] about Sell Your Used Equipment Online Faster with these 8 Tips
Industry News
Manufacturing Trends & New Technology in 2022
It was over 200 years ago that the world went through the first industrial revolution where work transitioned primarily from manual labor performed by people to the use of machine tools and steam powered engines. Since then, we have gone three more industrial revolutions: The early 20th century steel and electricity, Late 1950’s computerized machinery technology, and finally where we are today, the fourth industrial revolution known as the internet of things (IoT) revolution, or industry 4.0. But where do we go from here? What does the rest of this decade look like in the manufacturing and industrial machinery world? Internet of Things (IoT) The biggest trend right now in the manufacturing world is coming from the internet of things (IoT). Manufacturers are adding more connectivity within their machines than ever … [Read more...] about Manufacturing Trends & New Technology in 2022
Manufacturing and COVID-19: A Survival Guide
COVID-19 is the economic Black Swan event of the year (if not the decade) that no one expected. But how the US government responds to it from a policy standpoint will have as great an impact on the health of domestic manufacturing as the responses businesses take. For both policy makers and executives, navigating these volatile and uncertain times may be a week-to-week challenge; or it could last months or quarters. No one knows yet. In this month’s Publisher’s Page, we first share some of the highlights that NAM (National Association of Manufacturers) provided in a recent policy statement on COVID-19. Then we provide our own tips which we are advising our manufacturing clients on in terms of managing uncertainty and volatility in their own businesses. NAM divides their policy and business recommendations into five groups. The … [Read more...] about Manufacturing and COVID-19: A Survival Guide
Should Coronavirus Cause Us to Rethink Globalization?
We recently did a webinar with approximately 75 manufacturers. And we asked attendees, who mostly came from the procurement, operations and supply chain functions of their companies, what is the most pressing business issue that your company faces with regard to the pandemic. Choices included: supply continuity, price volatility, logistics concerns and cash flow. Among this group, over 50% cited supply continuity as their biggest concern, followed by price volatility at 23%. What does this tell us about the current market, and more important what does it tell us about the future of manufacturing in the aftermath of the pandemic? We can read into it in numerous ways, but for us, what stands out is that manufacturers across different sectors will need to revisit global supply chains. Today, what is closing businesses is not just a … [Read more...] about Should Coronavirus Cause Us to Rethink Globalization?
Inflation and Politics: The Role of the Federal Reserve
To understand the Q2 2021 inflationary environment — whether it will be sustained or not — it is important to turn to economists. Allan Meltzer, perhaps the most prolific historian when it comes to the Federal Reserve Bank, wrote in the Wall Street Journal: “The Fed’s recent behavior is in sharp contrast to the European Central Bank. The ECB keeps its eye on both objectives, growth and low inflation. It doesn’t shift back and forth from one to the other. The Fed should do the same. In the 1970s, because the Fed shifted from one goal to the other and back again, it achieved neither. Both inflation and unemployment rose on average, then fell together in the 1980s — after the Fed controlled inflation. … After 1985, Fed policy kept inflation and unemployment low. The result was 20 years of growth, and three of the longest peacetime … [Read more...] about Inflation and Politics: The Role of the Federal Reserve
