|Jun. 15, 2017|
No Loan Policy to Companies Building New Oil & Gas Pipelines
ASA Materials Market Digest©
USBancorp (parent of U.S. Bank) has caved to environmental activists with a policy of not issuing loans to companies building new oil and gas pipelines. Shale producers are outraged and point out that pipelines are safer and more environmentally responsible than alternative shipping by truck and rail. USBancorp's “Environmental Responsibility Policy” also prohibits lending for new coal mines, any mountaintop-removal mining and coal-fired power plants. "Sensitive" industries that are the subject of additional due diligence include fracking, oil sands and offshore oil production; metals mining; and nuclear and hydroelectric power. Visit MY ASA for the latest and archived installments of ASA’s Materials Market Digest©.More
What to Expect for the U.S. Dollar and it's Affect on Imports
Recently, the U.S. dollar has been somewhat volatile as both political and economic forces have been buffeting the greenback. Election wins by mainstream parties in Holland and France eased some uncertainty for the euro, which has strengthened versus the dollar, while the Mexican peso appreciated on expectations that changes in trade policy will not be as radical as feared. Going forward, it is likely that changes in monetary policy will be the primary driver of the exchange rate. This will mean that the dollar will appreciate moderately as the Federal Reserve continues to raise interest rates, while other central banks will not begin to do so until much later. In general, an appreciating dollar will make imports cheaper and will provide more opportunity to source internationally, although that will depend on the countries from which one imports. Log in to MY ASA to access ASA’s latest macroeconomic forecast report for the PHCP-PVF industry.More
2017 Manufacturers Rep of the Year: Bongard Corp.
Supply House Times
Sometimes all it takes is a leap of faith. Or as industry veteran Bob Wanberg puts it, “You take a deep breath and jump in.” That’s exactly what Forest Lake, Minn.-based Bongard Corp., an ASA member, has done in recent years. Through succession planning, strategic acquisitions and a commitment to its A-list staff, Bongard has enjoyed growth and increased revenues all while continuing to provide next-level customer service to its 15 industry lines it represents across five states. Bongard’s mission statement says in part: “Our sales agency is committed to providing unwavering quality and service that exceeds our customers’ expectations. We continually look for ways to improve quality and add value to our services.” More
New Course from Pentair!
ASA University is excited to announce the addition of training from one of ASA’s newest Manufacturer Members - Pentair! Their course, CADDY: TSR 1200, provides both product overview and suggestions to improve your selling skills for their new Telescoping Strut Replacement. Check out their new course here!More
Read the Latest from Morris Beschloss
American Supply Association
This week's news: Is President Trump Capable of Equaling FDR?
Want to read more from Beschloss? Click here to go to The Beschloss Perspective for a full archive of past articles.More
Recruiting Millennials for the Supply Chain
Smarter with Gartner
Ask a child or teenager what they’d like to do when they “grow up,” and working in supply chain is unlikely to feature in their top choices. It’s hardly surprising then to learn that millennials (roughly defined as those born between 1982 and 2000) aren’t exactly lining up for supply chain positions. For a generation that has grown up around “cool” brands like Apple, Facebook and Google, careers in supply chain can have limited appeal, especially when it comes to recruiting for positions like data scientists and analytics talent.More
Professional Development Training: A Win for the Entire Team
Development training is overlooked and underappreciated as an employee retention and recruitment tool. In fact, it’s often one of the first things to go when budgets get cut. Here are some reasons why investing in the growth and development of employees is a perennially smart idea.
Want help developing your own training program? Go to ASA-U Advisory Service today for more information. More