Weekly Wrap Up For February 5th, 2021

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New Report Series: Nancy LeMaster, Committee Chair of the ISM’s Hospital Report on Business(R), discusses the latest Hospital PMI report.  The report will cover the health of the health care sector, and the pressures of handling a pandemic on the sector’s supply chain.

Caterpillar TractorCaterpillar Reports Smaller Quarterly Drop than Expected

Heavy machinery manufacturing has helped to serve as an indicator for overall economic activity. Last year, the field took a hard hit from the Covid pandemic, which led to a lot of uncertainty and delays in capital spending. However, the newest reports from one of the industry’s major players may potentially signal that a turnaround is on the way. (Read More)

3M Masks3M Expects N95 Demand to Last Through 2021

Masks have become one of the most important parts of fighting Covid-19, especially for those in the healthcare industry. For these workers, the N95 mask from 3M has been one of the most popular choices, due to its high level of effectiveness. Even as Covid vaccines become more widely available, 3M’s CEO Mike Roman doesn’t expect the demand to wane during the rest of the year. (Read More)

GE PowerplantGE Gets Contract to Power Senegal’s Largest Power Plant

On Thursday, GE announced that they would be supplying gas power generation equipment to West Africa Energy’s new combined-cycle power project in Cap de Biches, Dakar, Senegal. The plant is expected to generate 300 megawatts once completed and would be the biggest one in Senegal. This would allow for the plant to provide nearly 25% of the power consumed in Senegal, enough to power 500,000 homes. (Read More)

In the world of negotiators, people either seem to think they are really good at it or that they stink, but there doesn’t seem to be a middle ground. Some people stick to instinct and luck when it comes to business negotiations, but our guest today works with well thought-out strategies, important concepts, and an organized blueprint. Carrie Welles is a Partner at Think! Inc., a negotiation training and consulting firm. Her role includes consulting with clients on implementing value creation and value capture ecosystems, business development, developing sales strategy, and onboarding new consultants. Negotiation skills are very important for people in everyday life but especially critical for managers and executives. We have lots of ground to cover on today’s episode and look forward to exploring the life of this woman in manufacturing. Stay tuned as we dive into an insightful conversation about negotiation training aspects, concepts to focus on, and some important tips for mastering business negotiations!