As a manufacturer in the U.S., a common misconception is that focusing on sustainability is a result of government involvement and leads to decreased performance and profitability. While government does play a hand in moving many industries toward sustainable practices, this doesn’t have to be a negative nor costly move. We’ve all seen the headlines […]
Technology Trends Redefining Robotics in Manufacturing
If automation was not already on the rise prior to the pandemic, a global slowdown and reduction in available workforce accelerated creative thinking among manufacturing leaders around the globe. Here are some of the automation and AI trends that are transforming manufacturing today. The Rise of “Cobots” One of the most significant changes we are […]
How Collateral Value Can Influence Your Loan Interest Rate
A lot of people don’t realize just how many different factors go into determining financing rates related to items like printing presses, vertical mills, industrial planers and other types of commercial industrial equipment. The business and owner’s/guarantor’s credit score plays a role in determining your rates, yes – but that’s just one small part of […]
Lease vs. Buy; An Industrial Equipment Dilemma
Technology and markets are continually evolving, dividing industrial companies into three broad categories: innovators, followers, and status-quo. What determines which camp a business falls into is largely decided by who is at the helm; are they a risk-taker or conservative with the company’s resources? First we’ll distinguish leasing versus buying, then apply those differences to […]
How Automation Is Helping Businesses Respond to Supply Chain Disruption
In today’s global economy, disruptions to the supply chain can have a ripple effect on businesses around the world. Severe weather conditions, labor strikes, natural disasters, and global pandemics can all cause delays and disrupt the flow of goods. In order to stay competitive in this environment, many businesses are turning to automation to help […]