ASA Insights
Apr. 30, 2015

Move Now to Finance Equipment Purchases, Working Capital & Market Expansions
ASA Advisor©
Banks are willing to lend, but with upward macroeconomic pressure on rates and increasing regulatory pressure on costs, businesses need to move now to finance the equipment purchases, working capital needs and market expansions necessary to take maximum advantage of a growing economy over the next few years. According to the most recent Senior Loan Officer Opinion Survey conducted by the Federal Reserve, the number of banks tightening lending standards for Commercial & Industrial loans continued to fall, indicating that banks have funds they wish to lend. Look to your production and distribution processes. Can they handle three years of increasing activity? Consider borrowing funds to expand your abilities in current markets and to fund moving into new markets while rates are low and credit is available. Log in to MY ASA to access the latest report.More

Integrate Millennials into Your Workplace
Industrial Careers Pathway
A recent article by Lindsey Pollak, a millennial workplace expert, covered some simple steps that employers can take in order to successfully incorporate millennials into their workplace. Knowing there will be generational differences between your current employees and incoming millennial employees, executing these steps might help make the process smoother: encourage millennials to observe other employees in action, cultivate an open and honest work environment and encourage co-mentoring between generations.More

Women Challenged to Lead at 2015 Spring Conference
American Supply Association
The 2015 ASA Women in Industry Spring Conference was a unique opportunity for women engaged in building a career in the PHCP and PVF industry. They got to network and hear from dynamic speakers and subject matter experts on issues of importance to women. Nearly 80 women from all facets of the industry met in Washington, D.C., with the focus on connecting with other women developing successful careers in the industry. Making connections to help advance their careers was one of the goals of the conference, but other focuses of the conference were to empower, inform, educate and engage the attendees through thought provoking educational sessions and speakers.More

The Science & Art of Middle Management Performance
Wholesalers Association of the North East
Are your middle managers ready to take your company to the next level? Most are not prepared to operate in today's extremely challenging business environment characterized by economic volatility, future uncertainty, increasing complexity and market ambiguity. To meet the demands of present and future challenges and convert those challenges into real results improvement, we must master the science and art of middle management performance. Register now for WANE's 2015 Executive Leadership Conference on June 17-19 in Annapolis, and learn how they can be the change drivers for your business.More

Hire Committed and Hardworking Individuals
American Supply Association
Hiring Our Heroes, a program of the U.S. Chamber of Commerce Foundation, is a nationwide initiative to help veterans, transitioning service members, and military spouses find meaningful employment opportunities. With ASA's growing career development program, we have become a sponsor of the initiative and we encourage our members to display their companies at the hiring fairs provided by the initiative. ASA has also pledged to help the Chamber reach its goal of hiring 500,000 vets by committing to help hire 1,000 in the PHCP & PVF Industry. ASA CAREERSMore

ASA University Now Offers FREE Manufacturer Training
American Supply Association
ASA University is providing Manufacturer training free to ASA's Distributor Members only! Just log in to ASA University and pick the Manufacturer training that is right for you – For FREE! Currently we have training from InSinkErator, IPS Corporation and Sloan, with more to come soon! View the courses now!More

Read the Latest from Morris Beschloss on USA Today
American Supply Association
This week's news: Will New EPA Regulations Block Fracking Expansion? (The Desert Sun)

Want to read more from Beschloss? Click here to go to USA Today for a full archive of past articles.More

Training Increases Employee Retention
Joe Lipham, a training account manager for Signature Worldwide, writes: "I thought I had hired the perfect person for the front desk. She was bright, articulate and eager to learn the hotel business from the ground up. She was going to be my front desk star. I arranged an interview with the front office manager and she agreed: star material! Imagine my surprise and disappointment when two weeks later my new star was in my Human Resource director’s office offering her resignation."More

Port Truck Drivers Strike against Four Companies
Los Angeles Times
Some truck drivers who haul goods from the ports of Los Angeles and Long Beach walked off the job April 27, launching a protest against four trucking firms they accuse of wage theft. Picket lines went up outside the trucking yards of Pacific 9 Transportation, Intermodal Bridge Transport, Pacer Cartage and Harbor Rail Transport, said Barb Maynard, a spokeswoman for the Teamsters union, which is supporting the truckersMore

Does Maturity Really Matter in Leadership?
By Betty Boyd
Maturity is usually relegated to those individuals who are considered wise and sage. Maturity does not always mean you are of a certain age. Most people view someone that not only is mature but also has a position. Leadership expert John Maxwell relates, "Leadership is a process, not a position." Here are four tips on how maturity does matter regardless of your age in being a leader.More

The Impact of Social and Regulatory Compliance on the Supply Chain
Susan Parker, director of purchasing and logistics with Kenmark Eyewear, defines the essentials of social and regulatory compliance, and describes how companies can achieve excellence on both fronts. Social compliance deals with "the health and human services of the workers who produce your goods," says Parker. Her job is to travel to factories and ensure that the workers making product for Kenmark are being well cared for.More