What do manufacturing facilities have to do with vaccine production and distribution? Expanding the coverage of vaccines globally is a critical goal, and expanding vaccine production simply wouldn't be possible without the help of manufacturing facilities. Let's take a look at key ways in which manufacturing is contributing to vaccine production and distribution in the United States. Onshoring Effects on Vaccine Production and Distribution The COVID-19 crisis has put a spotlight on the need to begin onshoring drug manufacturing back in the United States. The pandemic has played a large role in alerting Americans to the importance of shifting away from heavy dependence on other countries like India and China for active pharmaceutical ingredients (APIs), medical devices, and finished pharmaceutical products. With COVID-19 … [Read more...] about How Manufacturing is Saving Vaccine Production in the United States
Industry News
Buying New vs. Used Machinery and Equipment
When it comes to buying industrial machinery and equipment, factories and manufacturers must consider several factors before making a purchase. One of the most important decisions to make is whether to buy new or used machinery. In this article, we will explore some of the pros and cons of both options and help you decide which is the best choice for your specific needs. Do You Save More with Used Machinery and Equipment? One of the main factors to consider when buying industrial machinery is cost. On the surface, it may seem like used machinery is the more cost-effective option, as it is typically priced lower than new machinery (usually 30% - 70% lower depending on the demand of the equipment). However, there are a few factors to keep in mind. Used Machinery Costs It's important to keep in mind that purchasing used … [Read more...] about Buying New vs. Used Machinery and Equipment
February 2023 Publisher Page: Welcome to the New Surplus Record Magazine
Welcome to the new Surplus Record magazine! This is the first time since 1955 our publication has undergone a complete re-design, and only the second time in our entire 99 years of printing our publication! First let’s knock a few questions out of the way… So please sit back, relax, cut out some screen time, and enjoy browsing the New & Improved 1,179th Surplus Record magazine! Who knows, you may just be one page away from finding the exact equipment item you need, or finding a trusted equipment Dealer that will supply your company with used, remanufactured, or surplus equipment for the next decade! Special thank you to our partners EP Graphics, ePageCity, RFBDesign, and of course our Advertisers that helped make this possible keeping the last publication of surplus/used equipment for sale alive in … [Read more...] about February 2023 Publisher Page: Welcome to the New Surplus Record Magazine
Does Your State Tax Manufacturing Machinery?
This question arises several times a month: When buying used or new equipment, should sales tax be added? The answer is, "it depends." It depends on the type of machine or equipment and the state in which you are purchasing. Ideally, the purchase of manufacturing machines should be exempt from sales taxes to prevent tax pyramiding. This phenomenon occurs when taxes are applied multiple times throughout the production cycle. For example, you pay sales tax on the machine that makes a widget, which is then sold in stores or to a plant that also has a sales tax on items incorporating that widget. When states tax machinery, they create a system resembling a gross receipts tax, which is considered one of the most economically detrimental forms of taxation. The good news is that most states have wisely chosen to exempt both used and … [Read more...] about Does Your State Tax Manufacturing Machinery?
Private Equity in 2020: Time to Sell/Partner For Manufacturers?
Private equity (PE) firms are some of the most likely buyers of manufacturers. Known as “financial buyers” rather than “strategic buyers” – e.g., another industrial firm or peer looking to expand its business – these organizations leverage a combination of their own cash and debt to fund their acquisitions. While private equity got a bad name in the 1980s during the heyday of the “leveraged buyout” or LBO market, today’s firms, especially those investing in manufacturers, look quite different. Granted, while they will still borrow 50% or more of the cost to fund many transactions, usually guaranteed against the cash flow of the business, many have truly become operators in terms of rolling up their sleeves with management to drive growth, creating operating efficiencies (often in procurement and supply chain) and driving the overall … [Read more...] about Private Equity in 2020: Time to Sell/Partner For Manufacturers?
