#InjectionMolding News Round Up

injection molding news round up

 

 

 

With innovative new technology and science popping up every day it is hard to decide what injection molding news is relevant or important.

You don’t have to worry any longer, we have sifted through the top plastic injection molding sites and found the top Plastic Injection Molding stories and research that you don’t want to miss out on!

Ride the Wave of Reshoring – Five Things to Consider Now

Once considered the “workshop of the world,” China now seems to be losing its cache as an unstoppable manufacturing powerhouse. Rising costs in China are forcing manufacturers to relocate their operations elsewhere to even lower-cost labor countries such as Vietnam and Indonesia. For some companies such as Apple and GE, some production is moving back to its roots: the United States. Of course, even the injection molding industry is riding the wave back to American manufacturing.

Even the US government and individual State governments are offering incentives and encouraging companies to consider reshoring. During the January 2013 State of the Union Address, President Obama announced the White House Initiative to support reshoring projects by US  manufacturers. The camera panned Tim Cook, CEO of Apple, as President Obama described what Apple is doing to re-create domestic manufacturing jobs… Show me more: 

https://www.reshoringinstitute.org/reshoring-knowledge-library/reshoring-white-papers/ride-the-wave-of-reshoring/

If you’d like to about the reshoring efforts of  one of America’s most well-known companies, download the Walmart-Whitepaper by The Reshoring Institute.

The Walmart Initiative: “Beginning in January 2013, and scheduled to continue over the next 10 years, Walmart has committed an additional $250 billion to buying American-made products for sale in its US locations. That is an additional $25 billion a year, for the next 10 years. Walmart is pursuing this initiative because it believes it is important to jumpstart the American manufacturing industry, and that requires a national effort by companies, industry leaders, and lawmakers.

Walmart is dedicated to spearheading that effort. They have estimated that when completed, their effort will create one million new US jobs, including direct manufacturing job growth of approximately 250,000, and indirect job growth of 750,000 in the support and service sectors.”

Walmart is pursuing this initiative because it believes it is important to jumpstart the American manufacturing industry, and that requires a national effort by companies, industry leaders, and lawmakers. Walmart is dedicated to spearheading that effort. They have estimated that when completed, their effort will create one million new US jobs, including direct manufacturing job growth of approximately 250,000, and indirect job growth of 750,000 in the support and service sectors.”

3.5M Manufacturing Jobs Need To Be Filled, But Will Millennials Step Up To The Plate?

Manufacturing has undergone a makeover. Today, manufacturing is modern. It is about adapting to new technological advancements, tackling big issues, and making the world a better place with the creation of products we use every single day.

But manufacturing is facing a serious problem. Over the next decade 3.5 million manufacturing jobs likely need to be filled, and the skills gap is expected to result in 2 million of those jobs being unfilled. Manufacturing needs people, and reaching the next generation of workers is a top priority for those of us in the industry.

What Millennials may not realize is that modern manufacturing is full of cutting-edge technology. We make lifesaving medicines, we make cool cars, and we are problem solvers on a global scale. National Manufacturing Day helps showcase how manufacturers truly design and build the future. Click to read more:

http://www.manufacturing.net/blog/2016/12/35m-manufacturing-jobs-need-be-filled-will-millennials-step-plate

Plastics capital equipment spending marks first quarterly decline since 2010

In a sign of moderating growth in capital equipment spending, an industry report says North American plastics machinery shipments fell in the third quarter of 2016, from the third quarter a year ago — only the second time there was a year-over-year quarterly decline since the economic recovery started in 2010.

The Plastics Industry Association’s Committee on Equipment Statistics reported the numbers Dec. 7. The Washington-based trade association, which changed its name from the Society of the Plastics Industry Inc. on Dec. 6, releases its machinery data in dollar value amounts.

Economist Bill Wood said the growth rate for machinery is moderating, after enjoying a solid run coming out of the Great Recession.

“Shipments of plastics equipment rose steadily during the six-year period from 2010 through 2015, but this trend hit a plateau in 2016,” said Wood, who runs Mountaintop Economics & Research Inc. “The quarterly comparison will be difficult in the fourth quarter of this year, so the annual growth rate will continue to moderate in the near-term.” Read more at:

http://www.plasticsnews.com/article/20161207/NEWS/161209884/plastics-capital-equipment-spending-marks-first-quarterly-decline

About GreenLeaf Industries:

Green Leaf Industries is an American plastic injection molding company located in Lenoir City, Tennessee. The company provides design and production services for plastic injection and is one of the only plastic injection molding companies exclusively using all-electric injection molding machines. Established in 1999, they take pride in high-quality craftsmanship and superior customer service. An ISO Certified company, GreenLeaf Industries is extremely process-oriented with a relentless pursuit of manufacturing excellence and continuous improvement. They are family-owned and operated by two generations of hard-working, hands-on, professional engineers. The entire staff at GreenLeaf Industries is obsessive about engineering quality, on-time delivery, and cost containment for every single one of their designs and projects.