On Wednesday, October 26, 2011, Elissa Hansen, APEX Director of Business Development attended the Minnesota Chamber of Commerce’s 2011 Manufacturers Summit in Minneapolis. The Chamber estimates that Minnesota manufacturers contribute more than $30 billion to the state's economy, representing 17% of the state’s gross domestic product. With nearly one in seven jobs in Minnesota tied to the manufacturing industry, Minnesota manufacturers are clearly the backbone of our economy.
As global pressures and changing demographics present new challenges for manufacturers, the Minnesota Chamber of Commerce's 2011 Manufacturers Summit provided an insightful glimpse into the future of this dynamic segment of our economy. The event was well attended and the attitude among the manufacturers present was generally optimistic.
Major takeaways for our local manufacturers included eight "best practices" designed to keep their operations thriving and growing in today’s highly competitive global marketplace. These include:
1. Invest in training your workforce.
2. Invest in automation and high-tech.
3. Create a culture of continuous improvement.
4. Implement automated performance tracking.
5. Measure procurement and on-time delivery.
6. Manage vendor relationships to reduce costs.
7. Pass on pricing increases.
8. Expand into international markets.
It comes as no surprise to those of us in northeast Minnesota and northwest Wisconsin that investing in a well trained, productive workforce is the #1 key to success in the manufacturing sector. Technologically Advanced Worker’s (TAWs) were stressed in various parts of the day’s discussions at the 2011 Manufacturers Summit, with speakers providing multiple examples of successful workforce training programs, including the Arrowhead's very own Applied Learning Institute.
Other programs cited include "Dream !t Do !t" and the Obama Administration’s Board on Jobs & Competitiveness Council’s Right Skills Now program. In one way or another, all of these programs are focused on increasing the number of people entering the workforce in skilled production, technology, engineering, and other industry-focused areas.
To learn more about workforce development initiatives and other efforts to support manufacturing businesses in northeast Minnesota and northwest Wisconsin, please contact Elissa Hansen at: (218) 740-3667
Or, if you are a manufacturer who needs focused strategic support as you grow your business and compete in the global marketplace, consider contracting with the APEX Strategic Resources Group. Contact Peter Miller today to learn more.
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