Wisconsin manufacturers expect a rise in profits waow.com/news/wisconsin… via News 9 WAOW

More than half of respondents to a survey of Wisconsin manufacturers said they expect to see increases in profits this year, according to the poll released Friday.
wpr.org/wisconsin-manu…

Thanks to Olympic marathon bronze medalist Molly Seidel (Molly Seidel) for a wonderful afternoon keynote address at WMEP Manufacturing Solutions' annual Manufacturing Matters! conference. Wonderful insight from an inspiring athlete.

From a financial perspective, Wisconsin manufacturers feel very or somewhat confident about the future. #mfgmatters

For 2022, Wisconsin manufacturers expect sales revenue to grow and expect profitability to increase, according to WMEP Pulse Survey. #mfgmatters

Wisconsin manufacturers intend to focus Investment on:
• Systems-Technology-Automation
• Reducing Costs- Maximizing Productivity
• Employee Training

#mfgmatters

In response to cost increases, Wisconsin manufacturers have:
• Raised prices
• Boosted productivity
• Cut costs

#mfgmatters

For workforce retention, Wisconsin manufacturers report the top focus areas are:
• Front Line Leadership
• Automation
• Work for a Purpose Driven Organization

These are findings from WMEP latest Pulse survey. #mfgmatters

Covid-19 ranked last of 15 factors for most important issue currently facing Wisconsin manufacturers, according to the latest WMEP Pulse survey. #mfgmatters

Top concerns of Wisconsin manufacturers, according to new Pulse survey from WMEP.
• Finding and keeping qualified employees
• Supply Chain disruption
• Inflation - cost of materials for products

'You don't grow your influence by showing up on time,' Dr. Rick Rigsby says, stressing the need to always arrive early, in business and in life. #mfgmatters

'This is the time to use the uncertainty of the moment to sharpen your skills for the greater good of humanity,' Dr. Rick Rigsby says. #mfgmatters

Leaders must lead with perspective, speak with clarity and listen with caution, says Dr. Rick Rigsby. #mfgmatters

.Dr. Rick Rigsby notes three variables that stop forward progress and momentum for businesses: indecision, withholding resources for no apparent reason, and a leader with a self-righteous attitude. #mfgmatters

'Nothing fails like success,' Rigsby warns of businesses that fall into entropy because they lose their start-up energy after a period of success. #mfgmatters

'There is nothing like uncertainty to bring out the very best in us,' Dr. Rick Rigsby tells Manufacturing Matters! crowd. #mfgmatters

'It is big picture when you realize that you are contributing to solutions globally,' Rigsby says. #mfgmatters

.Dr. Rick Rigsby takes the stage at Manufacturing Matters! 'You have weathered the storm,' Rigsby tells the crowd of manufacturers.

The program and a shift to automation won't result in job cuts, Hughes said. Its aim is to make manufacturers' factories safer and more productive. #mfgmatters

WEDC recognizes that there are demographic challenges in the state impacting the labor force. As such, WEDC and WMEP are partnering on a $750,000 program to assist manufacturers with automation. #mfgmatters