While most people are not familiar with the details of what has been known as the “gig” or freelancer economy, chances are, however that you’re taking advantage of it. For example, if you took an Uber out to dinner last weekend to enjoy that extra glass of wine, then you took advantage of this new, non-employee universe. Uber is not alone in changing how we consume and employ temporary labor (for minutes, hours, days or longer). Like Uber, technology firms such as Wonolo connect pre-qualified and vetted workers (e.g., background check, drug screening) with general labor, warehouse operations, delivery/logistics and other opportunities for “on-demand” work. Why Freelancing is The Next Work Industry Wonolo is one of hundreds of online platforms and apps that serve business-to-business needs for matching work requirements with … [Read more...] about Contractors Represent Both Opportunity and Potential Risk for Manufacturers
Industry News
3 Economic Expectations May be False: Importance of Seeking Alternative Perspectives
Whether you’re on the left or right, trust in mainstream news has declined precipitously in recent years, not only because of media bias, but also because much of what existing outlets proclaim will happen ends up being at best, misleading, and at worst, completely wrong. In fact, several well-known prognosticators have predicted that the next Presidential election will, in large part, be determined by podcasts and social media due to the dissolution of trust in traditional news sources. However, when it comes to business topics—especially those involving the US economy and manufacturing—information consumers do not have the same alarm bells built in when consuming news. Nor do many seek out (despite the existence of dozens of great sources) expert analysis that offers conflicting opinions on economics. We believe this means that … [Read more...] about 3 Economic Expectations May be False: Importance of Seeking Alternative Perspectives
How To Fix The Manufacturing Talent Gap
At a recent monthly meeting of local executives that we participate in, a recurring theme emerged: a significant loss of talent and skills in manufacturing, challenging to replace with new hires. A primary reason for this talent gap is demographic: the retirement of the Baby Boomer generation. Some sources indicate that 10,000 Baby Boomers reach retirement age daily, though not all are leaving the workforce immediately upon eligibility. Pew Research Center reports that by the end of 2021, nearly 50% of adults over 55 had retired. However, among those aged 55-64, less than 20% had chosen retirement. This specific age group is increasingly impacting manufacturers, many of whom are inadequately prepared in knowledge management to transfer these workers' 40+ years of experience to new recruits or systems. Deloitte Consulting and … [Read more...] about How To Fix The Manufacturing Talent Gap
Common Questions When Selling Your Used Hydraulic Presses Online
A hydraulic press can be difficult to sell for those business owners looking to upgrade their old equipment. Due to the general size and weight of a press, increased rigging and shipping costs over the past 2 years, finding a committed buyer can be challenging. However, there are some options available to streamline the process of reselling your hydraulic press. If it’s just sitting in your warehouse taking up space, it’s likely time to sell it. In the following post we’ll answer some common questions for how and where you can sell a hydraulic press. What Should I do Before Selling My Press? It is likely that you are already investigating different methods in which you can easily sell your used hydraulic press, however, it is important to take note of the following tips and advice before selling your hydraulic … [Read more...] about Common Questions When Selling Your Used Hydraulic Presses Online
Common Questions When Selling Used Machinery Online
As technology evolves, manufacturing methods improve, and older machinery needs to be removed from the manufacturing floor to make room for the newer equipment. So do you scrap those machines for around $145 per 2,000 lbs. or do you try and sell them online for a much higher price to someone that needs that machine for their production line? The purchase and sale of used industrial equipment can be complicated, time consuming and draining, therefore, to streamline the process the team at Surplus Record has engineered a world-renowned platform specifically for the purchase and sale of used industrial equipment and machinery. The following article answers commonly asked questions for effectively selling used industrial equipment/machinery and will allow your business to continue operating at its best capacity during periods of … [Read more...] about Common Questions When Selling Used Machinery Online
