Weekly Wrap Up For March 20th, 2020

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Remember when Elon Musk unveiled the Tesla truck and the windows shattered?  It didn’t have to be!  Hear Shawn Kitchell, President and CEO of Madico, a coating solutions manufacturer that makes coatings for windows discuss the many solutions they provide for business, industry and consumers in this fun discussion with hosts Lew Weiss and Tim Grady.


auto industry shutdownAuto Industry Braces for Coronavirus Impact as U.S. Cases Grow

The coronavirus, which is now classified by the World Health Organization as a pandemic, continues to rise in cases. In the United States especially, cases have started to spread from the coasts into the mainland. Now, the virus is even at the doorstep of the American auto industry. (Read More)

 


It is unlikely that very many economists ever thought they would have to contemplate the impact of a rapidly spreading, globally menacing pathogen on the economic outlook. But that day is upon us. Of course at Manufacturing Talk Radio, our focus is on the US manufacturing sector. In this episode of ‘Cliff Notes on the Global Manufacturing Picture’, host Cliff Waldman will discuss the just-released report on February industrial production as well as the most recent report on manufacturing from the Institute for Supply Management to begin to offer a picture of how the coronavirus crisis is impacting US industry. He will conclude by putting the data in the context of a rapidly changing set of circumstances.


COVID-19 SurveyCOVID-19 Survey: Impacts On Global Supply Chains

Notably, nearly 75 percent of companies report supply chain disruptions in some capacity due to coronavirus-related transportation restrictions, and more than 80 percent believe that their organization will experience some impact because of COVID-19 disruptions. Of those, one in six (16%) companies report adjusting revenue targets downward an average of 5.6 percent due to the coronavirus. (Read More)


Welcome to the 100th episode of the WAM podcast! On today’s show, host Frances Brunelle welcomes Elisabeth Weissenrieder-Bennis, the Executive Vice President of Weiss-Aug. Weiss-Aug is a company that provides custom insert molding, precision metal stamping, and assembly solutions to the automotive, medical, electronic, and semi-conductor industries. Beth has had over 15 years in the metal forming industry. Weiss-Aug has also experienced substantial growth over the last decade with leading and launching plants in both Mexico and locally in NJ for a life science division focused on surgical devices. She is very passionate about promoting women in manufacturing. In 2017 she was named Metal Forming Magazine’s Woman of Excellence in Metal Forming and Fabricating. Stay tuned to today’s episode to hear more about Beth’s role in manufacturing and what their company is doing with regards to skills acquisition, education, apprenticeship, and promoting women in manufacturing companies.


Oil prices downOil Prices Continue to Drop, Set for Worst Month in a Decade

Markets all over the world continue to be impacted by the spread of coronavirus, and oil is no different. As of Thursday of last week, prices for oil fell around 8% as demand continues to decrease. U.S. West Texas Intermediate crude oil prices have fallen down nearly 25% this week, its worst one week drop since December of 2008. (Read More)