MPI Editor, Author at The MPI Group

5 10, 2016

Were You Profitable TODAY?
Were You Profitable TODAY?

Were You Profitable TODAY?

By MPI Editor|2016-10-06T14:46:21+00:00October 5th, 2016|Alec Pendleton, Growth, Small Business Advice|Comments Off on Were You Profitable TODAY?

By Alec Pendleton, Big Ideas for Small Companies How much does it cost to operate your business for a day? I have two companies, a manufacturer and a wholesaler. It costs $34,000 each day to operate the manufacturing company, and $3,200 to operate the wholesaler. Why is that important? It serves as an instant indicator of profitability, and gives me the earliest possible warning of developing problems. The numbers are calculated very simply. They are the total annual cost of EVERYTHING BUT THE MATERIALS WE USE, divided by the number of days the business operates in a year. They [...]

5 02, 2016

Internet of Things Executive Summary
Internet of Things Executive Summary

Internet of Things Executive Summary

By MPI Editor|2019-10-29T17:10:55+00:00February 5th, 2016|Internet of Things|Comments Off on Internet of Things Executive Summary

The MPI Internet of Things Study was designed to evaluate the readiness of U.S. manufacturers to incorporate smart devices and embedded intelligence within their plants and processes. We’re particularly interested in executives’ plans to improve business performance via the Internet of Things (IoT) — and for developing and selling products with embedded intelligence. The study looks deeply into how manufacturers will leverage IoT capabilities, along with the challenges they face. Download the Internet of Things Executive Summary The MPI Internet of Things Study was conducted by The MPI Group, and sponsored by Rockwell Automation, QAD, and BDO. In August [...]

13 12, 2014

International Plans?
International Plans?

International Plans?

By MPI Editor|2016-12-21T23:38:16+00:00December 13th, 2014|Global Engagement, Manufacturing, Next Generation Manufacturing|Comments Off on International Plans?

Most manufaturers recognize the importance of global awareness for their businesses. Yet less than half are actively participating in international business: Only 46% of U.S. manufacturers operate or partner in one or more production facilities outside the United States, and just 47% have one or more sales and/or distribution facilities outside the United States. Other firms have more aggressive global plans: 9% of manufacturers have production facilities in more than 10 countries, and 12% of manufacturers have sales and/or distribution facilities in 10 or more countries.[1] Unfortunately, Next Generation Manufacturing research finds that a majority of manufacturers don’t measure [...]

13 12, 2014

Redirection of the World’s Manufactured Goods?
Redirection of the World’s Manufactured Goods?

Redirection of the World’s Manufactured Goods?

By MPI Editor|2016-08-19T19:16:45+00:00December 13th, 2014|Economic Growth, Export, Import, Manufacturing|Comments Off on Redirection of the World’s Manufactured Goods?

The United States continues to be the world’s great consumer. Imports to the United States of manufactured goods were nearly $1.72 trillion in 2011, and since 2001 have increased by 79%. China is by far the leading exporter of manufactured goods to the United States ($390.6 billion in 2011), nearly double that of second-place Canada ($207.3 billion).[1] More telling is how imports have changed in the past 10 years. China manufacturing exports to the United States rose 292% as that nation achieved manufacturing expertise combined with low-cost labor; among the top 10 manufactured-goods exporters to the United States, only [...]

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