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ASA Home   Membership   Education   Advocacy   Networking   Benchmarking Oct. 20, 2011
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Third Quarter 2011: Most Improved in Years for ASA Members
American Supply Association    Share   Share on FacebookTwitterShare on LinkedinE-mail article
September has continued the parade of good numbers, especially as we compare to the not-so-stellar middle of 2010 and the depths of the downturn two years ago. For American Supply Association members, the third quarter has been the best quarter for the industry in several years as it closed up 11.2 percent as compared to third quarter 2010; up 11.5 percent as compared to third quarter 2009 and down 8.5 percent as compared to 2008. For the month of September 2011, members report a very good 13.1 percent increase in per day revenues as compared to the same month in 2010; up 15.8 percent as compared to 2009; but down 6.9 percent as compared to 2008. The plumbing, heating and pipe, valve and fitting distributors are up 9.7 percent YTD and 8.7 percent on a rolling 12-month basis. More

MwDA Annual Meeting Nov. 14
American Supply Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The 2011 Midwest Distributors Association Annual Meeting & Dinner will be held Monday, Nov. 14, at Gibson's Bar & Steakhouse in downtown Chicago. On the program for the event is Paul Kasriel, Senior Vice President & Chief Economist for Northern Trust. Kasriel will share his perspective on how businesses and industries, particularly those involved in manufacturing and construction, might look into the future and navigate barriers to access capital and get it moving through the economy once again. Please click here for more event details. As an added bonus for CFOs and controllers attending the MwDA event, ASA also will be conducting a meeting of its CFO Networking Council on Tuesday, Nov. 15, at the Doubletree Hotel in downtown Chicago. Please see the CFO Networking Council event reminder below for more information.

CFO Networking Council Event Nov. 15 in Chicago
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. Tuesday, Nov. 15, at the Doubletree Hotel in downtown Chicago. CFOs are welcome to attend the event not only for networking value, but also to lend their experience to their industry peers and learn at the same time. Topics and issues to be discussed include: annual budgets, financial metrics (both tracking and presentation) and cases of fraud and embezzlement. Please click here for more details.

Corporate Tax Reform Should Not Leave Small Businesses Behind
American Supply Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With fiscal and tax reform activity gearing up in Washington, advocates of America's small businesses are arguing for our distinct needs as well. Specifically, the distinction of being an S corporation or a "pass-through" entity, affecting hundreds of ASA members, is preserved. Millions of small businesses across the country are organized such that profits are distributed to individual owners or partners, who are then taxed as individuals. Lowering the 35 percent corporate tax rate and eliminating industry-specific tax breaks without also lowering the 35 percent top individual tax rate could hurt these companies. S corporations are the most popular corporate structure in America today. More

Energy Independence Means Jobs, Security and Economic Recovery
American Supply Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A national dispute has long been simmering over the development of a pipeline from Canada to Texas carrying crude oil, specifically oil sands, for refining. This looming decision finds traditional allies joining together to get this project across the finish line. Because this crosses an international border, the decision and due diligence is being managed by the Department of State. Last week, ASA wrote to Secretary of State Hillary Clinton in support of this project. More

Americans Continue to Value Strong Manufacturing Sector
@Risk    Share    Share on FacebookTwitterShare on LinkedinE-mail
Despite the economic roller coaster of the past few years — or perhaps because of it — Americans continue to value a strong manufacturing sector. The third annual Public Viewpoint on Manufacturing survey, recently released by Deloitte and The Manufacturing Institute, found once again that the vast majority of those polled consider America's manufacturing base "important" or "very important" to their standard of living. The research, which included a nationally representative sample of 1,000 Americans in August across all 50 states, indicates a consistently high regard for manufacturing, both in terms of its role in the U.S. economy and our global standing, as well as in terms of its importance in job creation. More

US Manufacturers Face 20 Percent Cost Disadvantage
Material Handling & Logistics    Share    Share on FacebookTwitterShare on LinkedinE-mail article
U.S. manufacturers face a significant disadvantage in doing business in the United States compared to global competitors, according to a new study conducted by The Manufacturers Alliance/MAPI and The Manufacturing Institute. The 2011 Structural Costs of Manufacturing in the United States report, which compares the structural costs of manufacturing in the United States to those of its nine largest trading partners (Canada, China, France, Germany, Japan, Korea, Mexico, Taiwan, and the United Kingdom), reveals that U.S. manufacturers face a 20 percent structural cost disadvantage in the global market compared to manufacturers in those countries, up from 17.6 percent in 2008. More

Is US Manufacturing Making a Comeback?
Harvard Business Review    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A resurgence of U.S. manufacturing seems to be in the offing. With production costs rising in China, some companies are bringing their manufacturing back to the U.S. While it still makes sense to manufacture in China for the booming local market, producing goods in China for the U.S. market is no longer a no-brainer. Made in the USA, some companies are finding, could be a better option. That's partly confirmed by the data: The Institute for Supply Management recently reported that U.S. manufacturing had expanded for 24 consecutive months. Likewise, the Federal Reserve reported a 0.6 percent increase in manufacturing in July 2011, with a year-on-year gain of 3.8 percent. More

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