Weekly Wrap Up For June 24th, 2022

Norbert Ore, senior correspondent for Manufacturing Talk Radio discusses the latest Global Survey Insights on the 18 PMI reports from advanced economies around the world. There appears to be a softening in the expansion as if the air is slowly leaking out of the balloon. Listen in to find out why.


rare earthNew Rare Earth Manufacturing Facility to Open in Oklahoma

This Tuesday, Oklahoma Governor Kevin Stitt and the President of USA Rare Earth announced plans for a $100 million metal and manufacturing facility in Stillwater that’s expected to create more than 100 jobs. (Read More)

 


China Competition BillOver 100 CEOs Urge U.S. Congress to Pass China Competition Bill

This past Wednesday, chief executives from companies like Google, Amazon and Microsoft called on Congress to pass legislation aimed at boosting U.S. economic competitiveness against China, including chip manufacturing. (Read More)


recessionIs a Recession Near?

There is a swirl of factors rising into an economic tornado that could tear apart the current expansion.  The good news is that the in-the-trench economic indicators, like the JP Morgan and ISM Purchasing Manager’s Indexes, are holding above 50 – the dividing line between expansion and contraction – and remain fairly strong.  In fact, the ISM Manufacturing Report on Business® has shown some of the highest consistent readings above 50 month-over-month in the current expansionary cycle than at any time in the last 40 or 50 years.  The projection by the ISM is that manufacturing has another 12 to 18 months of expansion in this cycle.  But headwinds have been building. (Read More)


Too many women blame themselves for the scarcity of well-made, professional, plus size clothing, but today’s guest is on a mission to help women feel better about themselves (and help them look fabulous in the process)! In today’s episode, Rosemary Coates interviews Danielle Malconian, President and CEO of Plus by Design and the brand, Vikki Vi. When Danielle landed a job managing the plus size clothing department at Nordstrom, she had loads of compassion for her customers. With her size 12 feet, she knew what that frustration like, to not be able to buy something that both fits well and looks good. Vikki Vi has a rich history of providing women with great-looking, comfortable clothing, and, when the original company went out of business, it made sense to Danielle to buy the label and keep it going. Listen in to hear more about her journey, the quality and construction of Vikki Vi’s “slinky” fabric, and their decision to manufacture in the US. Danielle also talks about the importance of consistency when it comes to size and how Vikki Vi hopes to combat waste in the fashion industry while creating investment pieces and options for plus-size women while still making profit. Tune in today!

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