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ASA Home   Membership   Education   Advocacy   Networking   Benchmarking Feb. 16, 2012

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Industry Leaders Continue to Drive Success, Growth
American Supply Association    Share   Share on FacebookTwitterShare on LinkedinE-mail article
ASA members discuss strategic
planning initiatives at last week's
Winter Board of Directors Meeting.
ASA convened its annual winter Board of Directors meeting in Scottsdale, Ariz, last week. More than 70 volunteer leaders representing ASA's various committees and executive councils for each of ASA's divisions were on hand to discuss strategic goals and objectives for the upcoming year. "This was a successful kickoff to the year for ASA," ASA Executive Vice President Mike Adelizzi said. "Not only did the group finalize our overall plans for 2012, we also facilitated strategic planning sessions for our Government Affairs Committee and each of ASA's divisions, including VMD, IPD, Plumbing, Hydronics/HVAC and Young Executives."

Last Chance for CFOs to Save on Fraud, Embezzlement
American Supply Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
ASA will be conducting a CFO Networking Council event from 9 a.m. to 3:30 p.m. Friday, March 2, at the Chicago Marriott Downtown. The discounted room rate for the event has been extended to Monday, Feb. 20. CFOs who have not yet registered are encouraged to click here now and save! All industry CFOs are welcome to attend the event not only for the learning experience and networking value, but also to provide guidance to their industry peers. Specific topics and issues to be discussed include annual budgets, financial metrics (both tracking and presentation) and cases of fraud and embezzlement.

Congress Tackles Infrastructure, Transportation, Jobs
American Supply Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Rarely do both the House and Senate undertake an issue at the same time other than during a national emergency. The House has the advantage of expediency, with rules requiring germaneness and passage by a simple majority. Whereas the Senate has its responsibility to advise and consent the executive branch on treaties and nominations, and pretty much any standing bill could be considered for inclusion in whatever bill is up for debate. More

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Focus on Racking Risks, Safety
American Supply Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
ASA's Safety Committee will be presenting a FREE webinar, Industrial Steel Storage Racks - Minimizing Your Risk Over the Life Cycle, at 2 p.m. Eastern on Wednesday, March 14. Presenting the webinar will be John Nofsinger, Managing Director of the Rack Manufacturers Institute, and Dave Olson, President of RMI. Everyone is invited to attend, although the webinar is specifically targeted to those personnel at your facilities who have or soon will be participating in a rack storage installation. The webinar also will be particularly beneficial for those individuals who create safety procedures and implement OSHA requirements within your company. Please click here for more details and to register online.

European Futures, Metals Gain as China Pledges Europe Debt Help
Bloomberg via San Francisco Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
European equity futures climbed, the euro advanced to a two-month high against the yen and commodities rallied as China said it will help Europe resolve the debt crisis. Asian stocks jumped the most in four weeks. Euro Stoxx 50 Index futures added 0.8 percent as of 7:02 a.m. in London. The MSCI Asia Pacific Index advanced 1.8 percent and Standard & Poor's 500 Index futures added 0.5 percent. German 10-year bund yields rose two basis points to 1.92 percent. The euro climbed 0.4 percent against the yen. Copper snapped a three-day losing streak, rising 0.7 percent. Oil increased 0.8 percent to $101.56 a barrel. More

Copper Cuts Fifth Weekly Gain in New York on Shanghai Stockpiles
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Copper declined in New York, paring a fifth weekly advance, as European finance ministers held back a rescue package for Greece, fueling concerns that Europe's sovereign-debt crisis may curb global economic growth. Greece is missing its debt-cutting targets, German Finance Minister Wolfgang Schaeuble told lawmakers, intensifying pressure on Greek politicians to deliver on austerity promises. Copper also fell as imports of the metal by China, the biggest buyer, dropped for the first time in eight months in January, while inventories monitored by the Shanghai Futures Exchange advanced to a record. More

After 'Lemming' Exodus, Manufacturers Look to US
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Big U.S. manufacturers moved their production out of the country too quickly over the past decades and now see a competitive advantage in building up their footprints back home, top executives said. The chase for lower-paid workers drove the migration, which resulted in employment in the U.S. manufacturing sector falling by 40 percent from its 1980 peak. But big companies including Boeing and General Electric are now finding that the benefit of lower wages can be offset by higher logistics and materials costs. More

Is US Manufacturing Really Back?
Time    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Is America in the middle of a manufacturing job revival? The latest numbers would make it seem so. The U.S. has added more net manufacturing jobs since the start of 2010 than the rest of the G7 nations put together, with only two other economies, Germany and Canada, increasing factory employment at all. The jump is due to a number of factors, including American productivity growth (which has outpaced Europe as a whole), compressed wages, and higher energy costs (which make it more costly to ship products back from locations with cheaper labor, like Asia). More

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