Closing? Setting a Strategy to Sell All Your Inventory at Once March 10, 2022 Every year hundreds of small business owners in the USA and Canada are retiring or closing up shop and moving on to the next phase of their life. While many of these businesses are able to sell themselves to a larger company or competitor, or perhaps they have a successor lined up to take the reins. It’s not always clear what happens when there’s no one ready to take over and run your business. This is a much more common problem in the year 2022 than it was 20-30 years ago. The hands on, machinery, manufacturing, “blue collar” type skill set is becoming rarer with each passing year. It’s shocking to see that many of these businesses, while very profitable, end up closing their doors for good when the primary owner retires, but that’s the reality we live in now. So, what do you do with all that machinery and equipment … [Read more...] about Closing? Setting a Strategy to Sell All Your Inventory at Once Electrical and Power Equipment Industrial News Machinery and Equipment
Manufacturing Trends & New Technology in 2022 August 17, 2021 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 Industrial News
Inflation and Politics: The Role of the Federal ReserveBy Jason Busch and Lisa Reisman June 16, 2021To 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 Industrial News Publisher Page
New Look & Feel, Same Commitment to You May 21, 202197 years ago, when my great grandpa Thomas P. Scanlan started Surplus Record, he had a vision to connect dealers and manufacturers across the nation. World War I had ended a few years prior, and he saw a demand to get wartime machinery no longer being used, out of the hands of the government and into civilian manufacturing. He created the Surplus Record as an easy way for dealers to advertise their machinery to manufacturers and connect for joint ventures and lifelong partnerships. Nearly 100 years later, I know he would be proud to see how far Surplus Record has come over our company’s lifetime and how many relationships have been forged through our book and website. When my father came on board in 1982, the economy was in a depression, but it was gearing up for a big turnaround. Little did he know, the internet was coming and … [Read more...] about New Look & Feel, Same Commitment to You Industrial News Publisher Page
How Manufacturing is Saving Vaccine Production in the United States May 10, 2021 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 Industrial News Manufacturing and Supply Chain