The Bi-Weekly Newsletter of the Council of Industry
January 28, 2021
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Manufacturing Industry News |
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Recruiter Spotlight: Barbara Aprilakis, Betterment |
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Barbara Aprilakis, recruiter at Betterment and former Council of Industry Intern, discusses her current career, her journey in HR, and interning for The Council.
Barb was interning with the Council when we launched the Collaborative Recruiting Initiative and she credits that experience with helping her land her recruiting job at Betterment. Read more to get to know Barb and learn more about Applicant Tracking Systems and how the Collaborative Recruiting program is helping match applicants with jobs in local manufacturing.
Photo: Barbara visiting Fala Technologies during her internship (and measuring the thickness of her hair using a micrometer)
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For information on advertising in this and other CI publications
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What Can President Biden Do for Manufacturers? |
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NAM has some suggestions thanks to a longstanding and warm relationship with President Biden. NAM is looking forward to productive conversations with the new administration.
Those conversations now center on a list of executive orders that NAM President and CEO Jay Timmons sent to the transition team—some of which manufacturers support, some of which they want overturned. The NAM advocated policies that support manufacturing growth in the United States, including some that the previous administration had already put into place. The NAM also advised President Biden to get rid of some policies that violated manufacturers’ most important values, such as individual liberty and equal opportunity.
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McKinsey Report: Nine Keys to Becoming a Future-Ready Company |
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As leaders take action to reenergize their people and organizations post pandemic, the most forward looking see a larger opportunity—the chance to build on pandemic-related accomplishments and reexamine (or even reimagine) the organization’s identity, how it works, and how it grows.
Well before the COVID-19 pandemic, senior executives routinely worried their organizations were too slow, too siloed, too bogged down in complicated matrix structures, too bureaucratic. What many leaders feared, and the pandemic confirms, is that their companies were organized for a world that is disappearing—an era of standardization and predictability that’s being overwritten by four big trends: a combination of heightened connectivity, lower transaction costs, unprecedented automation, and shifting demographics. And if incumbents didn’t see the future in themselves they saw it clearly in the competition: digital upstarts that continue to innovate, and win, in bold new ways.
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How COVID-19 Has Changed the Healthcare Supply Chain |
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The Healthcare Leadership Council (HLC), an alliance of leaders from all sectors of U.S. healthcare, and the Duke-Margolis Center for Health Policy are collaborating on a 2021 report about applying lessons learned from the pandemic. Among them is the importance of data to power the healthcare supply chain and improve patient care. While there’s certainly no lack of data in healthcare, for manufacturers it’s about accessing and applying the “right” data to support real-time decisions that impact outcomes, cost and quality.
The right, trusted data helps identify and address potential supply shortages before they impact patient care. It supports collaboration among stakeholders, resulting in greater supply chain resiliency. And ultimately, it can provide insight needed to make smarter, faster decisions.
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Edelman Trust Barometer 2021 |
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The annual Edelman Trust Barometer global survey measures levels of trust in the public. These days, especially, trust is lower than ever. Trust in governments has plummeted during the pandemic, and trust in media is at record lows.
Fifty-seven percent “believe that government leaders, business leaders and journalists are purposely trying to mislead people by saying things they know are false.” Surprisingly, business has emerged as the most trusted institution in the crisis, displacing government. And despite layoffs, furloughs and other cutbacks during the downturn, survey respondents cite “my employer” as their most trusted source of information. This attests to businesses addressing safety concerns about their employees first.
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EEOC Announces Scheduled Opening of EEO-1 Reporting Portal for April 2021 |
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Jackson Lewis reports that the U.S. Equal Employment Opportunity Commission (EEOC) announced today that the collections for the 2019 and 2020 EEO-1 Component 1 Data that was postponed in 2020 will begin in April 2021.
The noticed stated: “The precise opening dates of the collections, as well as the new submission deadline dates, will be announced by posting a notice on the EEOC’s home page at www.eeoc.gov as well as on the new dedicated website for the agency’s EEO data collections here.
As in previous years, EEOC will also be sending a notification letter to eligible filers. At this time, there is no pay data collection component to the EEO-1 reports at this time.
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Lean Thinking is About, More Than Anything Else, Rethinking, Reimagining What Work Can Be |
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Lean thinking and practice mean working on the work: the value-creating work that occurs on the frontlines of your enterprise. John Shook of IndustryWeek details celebrating and reimagining the future of work. Lean thinking is the new means through we make work meaningful.
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The Pandemic Has Ushered More Robots Into Factories, Warehouses and Back Offices and They Are Here to Stay |
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Bosses have boasted of automating their operations for years without an awful lot to show for it. COVID-19 has spurred them to put their money where their mouths are. Hernan Saenz of Bain, a consultancy, reckons that between now and 2030 American firms will invest $10trn in automation. Nigel Vaz, chief executive of Publicis Sapient, a big digital consultancy, says that the downturn offers bosses the perfect cover. “The unrelenting pressure for short-term financial results from investors has temporarily been suspended,” he says. “Firms are not just going back pre-pandemic, but completely reimagining how they work,” says Susan Lund, co-author of a forthcoming report from the McKinsey Global Institute, a think-tank.
In the past the biggest returns to automation accrued to giant, well-capitalised firms. Today advances in technology and business models allow smaller ones to enjoy similar benefits. That should increase demand for clever systems—and in time reduce their cost further. And so on, in a virtuous, fully automated circle.
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Middle Market Companies Forecast Revenue Increase in 2021 |
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Middle market companies anticipate the new year will bring recovery and new opportunities, according to the 2021 BDO Middle Market CFO Outlook Survey. According to the survey which consisted of interviewing 600 middle-market CFOs in the U.S. during September 2020, a majority forecast economic recovery (60%) and revenue increases (56%) in 2021.
Manufacturers stepped up in 2020 to protect jobs, produce goods vital to the economy and help fight COVID-19. They are not yet out of the woods, however, as the road ahead will bring continued financial and operational challenges. In 2021, manufacturers must balance risk mitigation and other immediate needs with longer-term priorities such as investing in Industry 4.0, boosting supply chain resiliency and adapting to changing customer expectations.
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What's Happening in Your Association |
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Two Chances to Connect with
Senate Majority Leader Schumer
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HVEDC Federal Legislation Webinar on Friday 2/5 at 1 p.m.
Hudson Valley Economic Development Corporation President & CEO Mike Oates and new United States Senate Majority Leader Chuck Schumer invite you to a video-chat meeting to discuss the new administration and upcoming legislation.
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MACNY COVID-19 Federal Stimulus Package Webinar on
Friday 2/12 at 4 p.m.
U.S. Senate Majority Leader Charles Schumer will join MACNY to discuss the latest COVID-19 Federal Stimulus Package. He also will discuss his priorities in the new year and answer your questions about the future of manufacturing.
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Understanding Renewable Energy Opportunities in New York State-From 1/21
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Direct Energy Renewable Resources hosted a webinar on Understanding Renewable Energy Opportunities in New York State.
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The Manufacturing Matters Podcast |
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Manufacturing Matters Podcast: Robert Loughney, Partner Couch White, LLP
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Energy law and energy policy are once again moving front and center with state and national elections upon us. Climate change, low natural gas and oil prices, a proposed “green new deal” and the implementation of New York State’s Climate Leadership and Community Protection Act (CLCPA) are complex forces that business leaders need to understand.
Robert Loughney, Partner at the law firm Couch White, LLP helps business leaders not just understand these forces, but to shape public policy and adapt their businesses to these changes.
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Be a Guest on the Podcast! |
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The Council of Industry extends thanks to all Manufacturing Matters guests and listeners for their support. With more than 40 episodes released, we've documented countless conversations with local manufacturers.
In 2021, we're looking to introduce new faces to the podcast. If you or someone you know is involved in the Hudson Valley manufacturing sector and would like to be a guest on Manufacturing Matters, please contact Johnnieanne Hansen at [email protected].
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