Blog

Our goal at Catalyst Connection is to assist small and medium-sized manufacturers in thriving and growing in an ever-changing industry. To better understand the needs of the manufacturing community, we are conducting two vital surveys and would greatly appreciate your expertise. Why Your Participation Matters: Your valuable input will directly shape the development and funding of training programs tailored to address the specific challenges and opportunities within your operations.…

A recent report by Deloitte revealed that 85% of Generation Z employees consider the diversity of a company’s workforce when deciding where to work. This generation, characterized by their commitment to diversity, equity, inclusion, and accessibility (DEIA), represents a valuable opportunity for manufacturers looking to innovate and grow. As the manufacturing industry continues to evolve, embracing diversity and attracting the next generation of talent has never been more critical.…

According to a recent report by PwC, 79% of investors believe that ESG (Environmental, Social, and Governance) risks are an important factor in investment decision-making. This highlights the growing importance of ESG practices in today’s business environment. As organizations strive to meet ESG requirements, the role of Diversity, Equity, Inclusion, and Accessibility (DEIA) has become integral to these efforts. DEIA is not just a standalone initiative but a critical…

A recent study by McKinsey & Company found that companies in the top quartile for racial and ethnic diversity are 36% more likely to have financial returns above their industry medians. This compelling statistic underscores the critical importance of diversity, equity, inclusion, and accessibility (DEIA) in the manufacturing sector. As we approach Juneteenth, a pivotal moment in our nation’s history marking the end of slavery in the United States,…

The average cost of BEC attacks filed last year was $135,000, according to the FBI’s Internet Crime Complaint Center (IC3) 2023 Internet Crime Report Business Email Compromise (BEC) is a serious threat to the manufacturing industry, as it can result in financial losses, data breaches, and reputational damage. Here's how BEC works and its impact on manufacturing: Definition: BEC is a type of cyberattack where criminals use social engineering and email…