Tom's Blog

From industry’s leader in connecting buyers and suppliers

Investments To Prepare Your Shop Floor For Growth

The American manufacturing industry is on the rise, with businesses expanding and hiring activity picking up. Now, shop owners must do all they can to manage, and maximize, their growth.  

CMTC suggested four investments manufacturers should consider when expanding their businesses. According to CMTC, two of the most important investments are equipment and warehousing:

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Thomas Index Report: Printed Circuit Board Sourcing Trends

More B2B buying activity takes place on THOMASNET.com than any other resource on the planet. In fact, a buyer evaluates a supplier every 2 seconds on our platform.

To help buyers and suppliers stay ahead of the latest shifts and emerging trends in the digital industrial economy, we constantly analyze all of the buying activity taking place on the platform. This powerful, proprietary data fuels the Thomas Industrial Index.

Here’s what we’re seeing on the Index this week:

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Digitizing Our Buildings & Facilities: How To Create Intelligent Environments

Businesses are transitioning to LED lighting in the 5.6 million commercial buildings in the United States. And, in many regions, the addition of solar solutions for energy independence is also underway.

The number of lighting fixtures that can be connected inside and around these buildings creates significant opportunities to impact and optimize the business occupying the space with the addition of sensors and data analytics.

While the immediate goal of LED retrofits is often energy efficiency and improved space appearance, there are long-term business productivity gains that result from creating connected intelligent environments.

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5 Ways To Turn A Lead Into A Customer

You worked hard to market your capabilities and nurture your prospects. Now your sales team has a healthy list of leads. However, research shows that 40-50% of these leads are ignored and never followed up on, which can add up to a lot of lost revenue for your business.

Developing an effective lead follow-up process can ensure that you don’t leave leads – and potential revenue – on the table. Here are five strategies that should be a part of your process.

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Video: Fruit And Animals Will Pave The Way For Safer Industrial Equipment

Safety on the shop floor is about to get better, and you can thank fruits and animals for their help. Groundbreaking research from BMW's Bio-Inspired-Safety Systems (BISS) Consortium is leading the way to create new safety prototypes based off of natural models. 

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Manufacturing Industry Jobs Update: June 2017

At THOMASNET.com, we are big champions of American manufacturing and reshoring. In fact, we work with suppliers who produce amazing products made in America every day, and we play an instrumental role in helping small- and medium-sized suppliers grow.

But how can we measure growth for the industry overall? A good barometer is the state of the manufacturing workforce. That’s why we will be regularly diving deep into the latest information from the Bureau Of Labor Statistics to take the pulse of hiring in the industry and to highlight sectors that are growing.

Here is our Manufacturing Industry Jobs Update for June 2017 (scroll down for previous releases):

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Bringing Manufacturing Back To The U.S.: A Discussion With Thomas CEO Tony Uphoff

Manufacturing is essential to the American economy. Every 100 jobs in a manufacturing facility creates 250 jobs in other sectors. Unfortunately, however, many of these manufacturing jobs – as many as two million according to estimates – will go unfilled over the next ten years.

To combat the problem and close the skills gap, the federal government is investing in apprenticeship programs. 

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Three Ways You Can Help Close The Skills Gap

Manufacturing is one of the main contributors to economic growth in the U.S. and Americans know its value. In fact, 83% of Americans believe manufacturing is important to America’s prosperity. Unfortunately, young professionals are currently less interested in the manufacturing industry. 

According to Deloitte, two million manufacturing jobs will go unfilled in the next 10 years. This shortage will in turn create a void for many manufacturers as they struggle to find people with the right skills to keep their businesses alive.

So what can shop owners do to close the skills gap? Below are three ways to help:

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Video: The Best Metro Areas For Manufacturing Jobs

Think it's tough to get a job in the manufacturing industry? While that may be the common perception, the truth is that the manufacturing job market offers more opportunities than you think. 

In fact, Forbes recently looked at the state of the hiring within the industry and found that all but 18 of the country’s 70 largest metropolitan regions have seen an uptick in industrial employment since 2011. They also ranked all 357 metropolitan areas to determine the locations with the best, most thriving manufacturing employment situations.

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