COVID-19 has had a significant impact on Michigan manufacturing, forcing many to shift strategies to cope under crisis. The combination of supply chain issues, workforce concerns and reduction in orders created a “perfect storm.” Fortunately, many manufacturers are surviving the initial challenges through lines of credit, low interest loans and government programs such as the Paycheck Protection Program and Economic Injury Disaster Loans. The pandemic caught many manufacturers off-guard resulting in trying circumstances. The best way to ensure resources are protected is to develop a comprehensive plan for the next 12 to 18 months. Shareholder Jim Biehl shares financial tips for managing the ongoing COVID-19 fallout in the October issue of the Michigan Manufacturers Association (MiMfg) magazine.
Manufacturers & Distributors
Women & Manufacturing: 3 Success Strategies
Posted on May 12, 2022 by
Competition for talent is heating up as job growth edges the country closer to full employment. Adding to conventional market pressures, fallout from the coronavirus pandemic is raising crucial questions about the future of work. Employers are having to rethink their assumptions about how to attract and retain an engaged workforce.
