ASA Members Meet With Congressional Leaders
American Supply Association Share
This week, more than 30 members of ASA visited our nation's capital to hear from various subject matter experts and members of Congress. ASA's Legislative Fly-In was a terrific opportunity for members to network not only with one another, but more importantly, with their elected officials. ASA's member-advocates met personally with members of Congress who sit on influential committees such as Ways and Means, which is charged with overseeing changes in our tax code, and Energy and Commerce, which oversees virtually all facets of American industry and those who regulate it. ASA's Government and Public Affairs Committee also used this opportunity to meet face to face to discuss our association's legislative priorities along with strategies for building upon the ASA PAC, our association's Political Action Committee. Please see next week's ASA Insights for more details.
Machine Safeguarding Webinar Replay Available Online
American Supply Association Share
Last week, ASA's Safety Committee conducted a webinar titled A Practical Guide to Machine Safeguarding, which was presented by Dave Volker of Lovegreen Machine Safety LLC. Over the past 10 years, Volker has attained national machine safety expert status, working successfully with such diverse and technically challenging clients as General Electric Aerospace, Amazon.com, Pratt and Whitney, Lockheed Martin, United Airlines, Valero Energy and NASA. In addition to the basics of machine safeguarding and the latest in regulatory requirements, this webinar provides access to Lovegreen's DIY Machine Guarding Survey, which covers 17 types of common shop equipment. The survey allows participants to conduct their own company studies to uncover the most common machine safeguarding problems. Click here to access links to the webinar replay and the presentation slides.
Manufacturing Growth Slows
The Wall Street Journal Share
The U.S. manufacturing sector slowed less than expected in April, according to data released by the Institute for Supply Management, although rising costs remain a problem. The ISM's manufacturing purchasing-managers index slipped to 60.4 last month from 61.2 in March. Readings above 50 indicate expansion. Economists surveyed by Dow Jones Newswires had expected the April PMI to fall to 59.5. The slowdown in the ISM report follows surveys done by regional Federal Reserve banks that showed manufacturers were expanding in April, but most weren't as busy in April as in March. More
Fake Contractor Charged With Copper Theft
Metro Police say a Louisville, Ky., man tried a different tactic to steal copper from a company. Nicholas Lawhorn, 20, is charged with theft by unlawful taking. More
US Manufacturing: Is the Glass Half Full or Half Empty?
Supply Chain Digest Share
Where does U.S. manufacturing stand right now? It depends on your perspective and whom you ask. For now, America remains the world's largest manufacturing, producing more 20 percent of the world's manufactured goods, according to a new report issued by the United Nations Industrial Development Organization. In 2009, the most recent full year for which international data are available, U.S. manufacturing output was valued at nearly $2.16 trillion (including mining and utilities). That figure is more than 45 percent higher than China's 2009 output — although how you calculate those numbers is a subject of some debate. More
Manufacturers See Improving Economy Ahead
A pair of top U.S. manufacturers beat Wall Street's profit expectations, as a recovering global economy drives demand for products ranging from air conditioners to truck transmissions. United Technologies Corp and Eaton Corp also raised their full-year earnings forecasts, saying that they were becoming more confident in the economy's direction. Textron Inc, the world's biggest maker of corporate jets, missed analysts' expectations on weakness at its Cessna aircraft unit, but held its full-year forecast steady. More
Could bin Laden's Death Affect the Global Supply Chain?
Supply Chain Digital Share
Citizens of humanity are celebrating around the world following the news U.S. President Barrack Obama announced late last night, that al-Qaida leader Osama bin Laden was reportedly killed in Pakistan. But when this mixture of celebration and relief of bin Laden's death wears off, where will that leave the global supply chain? Whether it's a direct result of bin Laden's death in Pakistan, global markets are up, and oil prices are down. The Dow Jones Industrial Average rose more than 25 points after ending April at multi-year highs, while the S&P 500 and Nasdaq reported moderate gains. JP Morgan analysts wrote in a note to clients that the news of bin Laden's death also should be a positive for stocks, as more investors are expected to buy into the market. Crude oil prices also fell as much as 3 percent overnight before making a modest recovery on Monday morning. More