Weekly Wrap Up For February 25th, 2022

In this episode of ‘Cliff Notes on the Global Manufacturing Picture’, Dr. Dean Foreman, Chief Economist of the American Petroleum Institute, joined host Cliff Waldman for a wide-ranging discussion of energy issues, present, and future. Dean overviewed oil market distortions arising from the pandemic, Russian aggression, inflation and supply chain challenges. He also offered analysis of the markets for natural gas and gasoline. In the last part of the episode, the discussion turned to climate change, with a focus on technology and the role of the federal government in incentivizing climate-driven energy innovations.

Steel TariffsU.S., Japan Strike Deal to Roll Back Trump-Era Steel Tariffs

Earlier this week, The Biden administration announced that it had reached a deal with the Japanese government to partly lift tariffs that the Trump administration had imposed on Japanese steel. The agreement will scale back levies that had impacted both the Japanese government and American manufacturers that use imported metal. (Read More)

Re:Build ManufacturingU.S. Manufacturing Output Sees a Moderate Increase in January

According to the latest manufacturing report by the Federal Reserve, U.S. factories saw a small increase in production this past January while motor vehicle output fell for a second straight month amid the ongoing global shortage of semiconductors. (Read More)

In today’s episode, Frances Brunelle speaks with Nicole Wolter from HM Manufacturing, a leading manufacturer of turnkey power transmission components for a variety of industries including aerospace, automotive, medical, marine, packaging, and more! Since starting at HM Manufacturing in 2009, when she left her successful finance career to join the family business, Nicole has overseen a complete renovation of the company’s technology and manufacturing processes. In addition to the redesign of HM’s manufacturing strategies, the company has added several new technologies, including a new ERP system. Nicole has also been instrumental in expanding HM’s marketing and social media presence in an effort to broaden its reach, increase sales, and instill a team mentality amongst employees. Within six years, Nicole’s efforts increased sales from $80,000 to more than $3 million and, today, she leads HM Manufacturing as President and CEO. Tuning in, you’ll learn how Nicole started from the ground up, gaining extensive machining experience before stepping into a leadership position, and how she is nurturing young talent and closing the skills gap by developing manufacturing programs at the high school level. We also touch on using social media to attract new talent and how Nicole’s dad went viral on TikTok, plus so much more, so make sure to tune in today!

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