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According to a new report by materials supplier Avery Dennison, despite efforts to sell excess goods to consumers, nearly 8% of surplus stock worldwide is ultimately wasted, resulting in $163 billion in lost inventory each year. This alarming statistic underscores the critical need for manufacturers to adopt better inventory management practices to improve their balance sheets. By implementing lean manufacturing principles and optimizing inventory efficiency, companies can significantly reduce…

Catalyst Connection, in partnership with the Allegheny Conference on Community and Economic Development,  is releasing the 2024 State of Manufacturing Scorecard and Brief which shows that the region’s manufacturing sector is strong and that there are opportunities to become a more significant engine for economic growth. The Brief confirms our experience that manufacturers are adding jobs with high average wages and supporting indirect and induced jobs at a rate…

The 2024 MFG Works Summit was a resounding success, held this past Wednesday, May 22nd. The energy and enthusiasm that filled the room were truly inspiring, showcasing a remarkable level of engagement and collaboration among all attendees. We trust that those present not only enjoyed the day but also walked away with a wealth of new knowledge and connections that will benefit them in their professional journeys. The event…

Women make up nearly half of the working population in the United States but are underrepresented in the manufacturing industry. According to Women in the Workplace, women constitute approximately one-third of the manufacturing workforce and only 24% of manufacturing C-suite positions.   Manufacturers have been aware of the employment gender gap for years, yet the dynamic remains largely unchanged. This is, in part, because organizational culture in America is often…

DMI Companies is actively engaged in Sustainability Initiatives, ranging from Zero Waste to Landfill operations and TRUE Certification. Their goal is to ensure proper environmental stewardship and align with USGBC standards. Sustainability is integrated into the culture, with a focus on developing products that benefit society and reduce environmental impact. From Purchasing to Marketing, DMI Companies monitors materials from acquisition to disposal, sourcing recycled and environmentally preferred products. Their…