Welcome to the IMA Executive News & Views Blog. The blog format reflects our efforts to provide IMA members with timely, relevant and thought provoking information in a form that is accessible for easy reference. IMA’s Executive News & Views Blog will be updated on a regular basis. Weekly news update emails will be sent out to notify subscribers of new information posted on the blog. IMA members are welcome to submit material for the blog, or request specific information. Simply email Editor Stefany Henson at shenson@ima-net.org with your information or request. Editorial submissions are subject to review. 

Wednesday
Apr272016

BAM! POW! Industrie 4.0 Meets the Industrial Internet!

Apr 25, 2016 by Karen Field | Internet of Things Institute — from IndustryWeek

Hannover, Germany—Government and industry professionals from the U.S. and Germany took on the topic of Industrie 4.0 and the Industrial Internet in a panel discussion today hosted by the Industrial Internet Consortium (IIC) and Hannover Messe.

Industrie 4.0 or the Industrial Internet—whatever you prefer to call it—has profound implications: It is changing business models and leading to more efficiencies in production processes, but it will also lead to new challenges such as security, labor qualifications, and new regulatory frameworks for business.

Approaches by the two movements are markedly different: On the one hand, Industrie 4.0 was born out of and is being driven by the German government’s high-tech strategy. On the other, the Industrial Internet is a bottoms-up approach driven by U.S. industry.

While this dissimilarity might well have put the pair on a collision course, people on both sides are sensing ways collaboration may help to achieve common goals.

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Wednesday
Apr272016

Allied Market Research: North America 3D Printing Market Is Expected to Reach $5.01 Billion by 2022

According to a new report by Allied Market Research titled, “North America 3D Printing Market – Opportunities and Forecast, 2015 – 2022”, https://www.alliedmarketresearch.com/north-america-3d-printing-market the North American 3D printing market is expected to garner a revenue of $5.01 billion by 2022, with a CAGR of 20.1% from 2016 to 2022. Development of customized complex products using a wide range of materials drives this market. Higher accuracy, reduction in production cost and time coupled with minimized human error supplement its growth. 3D printing is used across various industries, including consumer products, aerospace, automotive, healthcare, defense, and education and research. It enables efficient management of resources and increases production output while minimizing wastage and operating costs. 3D printing is implemented for various applications that include development of prototypes, functional models, presentation models, artistic products, and custom parts. The consumer products sector accounted for a major revenue share of the North American 3D printing market, constituting 21.4% of the total market revenue in 2015, followed by the automotive sector which accounted for 18.3% share in the same year.

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Wednesday
Apr202016

Illinois’ State Trade and Export Promotion Program

Illinois’ State Trade and Export Promotion (ISTEP) program provides Illinois’ small and medium-sized businesses with both financial and technical assistance to increase their exports. The ISTEP program includes 4 options for Illinois’ companies to grow their export sales: Group Trade Missions, Individual Foreign Market Sales Missions, and options for Illinois’ companies to grow their export sales: Group Trade Missions (GTM), Individual Foreign Market Sales Missions (IFMSM), options for Illinois’ companies to grow their export sales: Group Trade Missions (GTM), Individual Foreign Market Sales Missions (IFMSM), and Product Compliance (PC), and International Marketing Support (IMS). ISTEP assistance will be provided on a first come, first served basis for all qualifying companies.

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Wednesday
Apr202016

The Road to a Great Illinois Governor’s Sustainability Award Application

If your organization has done a lot in the name of sustainability — from projects that save money and resources to initiatives that strengthen the people and communities you work for — what are you waiting for? The Illinois Governor’s Sustainability Award provides a great opportunity for you to pull all of your sustainability work together into a single document: Your award application! Because sustainability encompasses the triple bottom line — People, Planet, Profit — it can be tough to wrap one’s brain around all that should be included in your application. Our Apply for the Award page and FAQ’s will help you in that process, but we know that’s a lot to read! Here are three tips to help you cut to the chase, and get started on your application (due May 20).

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Thursday
Apr142016

Managing Export Risk: A Quick Reference Guide For Manufacturers

If you’re an exporter, the ability to manage risk and cash flow is essential to growing your business abroad. The Export-Import Bank of the United States (EXIM) can help. Trade finance support from EXIM empowers U.S. exporters to overcome the obstacles of doing business overseas and expand into new markets. From protection against foreign buyer nonpayment to support that unlocks much needed financing, EXIM has options tailored to the needs of exporters looking to grow their international sales.

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Thursday
Apr142016

Business Leaders: Fully Functioning Ex-Im Bank Essential to Competitiveness

by Jennifer Drogus, NAM

Following the conclusion of the 2016 Annual U.S. Export-Import (Ex-Im) Bank Summit, National Association of Manufacturers President and CEO Jay Timmons and U.S. Chamber of Commerce President and CEO Tom Donohue issued the following joint statement on the importance of a fully functioning Ex-Im Bank to competitiveness.

“The Ex-Im Bank is a critical tool for ensuring manufacturers in the United States remain competitive in an already tough global economy. Right now, our global competitors are supporting their exporters with aggressive export credit financing at a rate of 20 to 1 compared to the United States.

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Thursday
Apr072016

Metro Chicago Exports Offers Assistance Through Grant Program to Local Companies Looking to Export

Grants Help Small and Medium-Sized Companies Navigate Opportunities for Exporting

Metro Chicago Exports recently announced the launch of the 2016 Grant Program, presented by JP Morgan Chase & Co. The single-round Grant Program will award grants up to $5,000 to help small and medium-sized companies in Chicago and Northeastern Illinois maximize their export potential and engage with customers in international markets.

In fall 2016, Metro Chicago Exports will host a pitch fest during which both 2015 and 2016 grant recipients will be eligible to submit a pitch for additional funding totaling $30,000. Information about the pitch fest will be shared closer to its launch.

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Thursday
Apr072016

NAM Webinar: The New Rules of Import and Customs Compliance — Tuesday, April 12

Every US manufacturer that sources raw materials, parts or components, or finished products from outside of the United States is required to comply with customs regulations that apply to imports. Those regulations govern virtually all aspects of import transactions, including country of origin labeling, tariff classification, valuation, duty rates and myriad trade preference programs and multilateral trade agreements, each with its own eligibility and compliance criteria. In addition, recent changes within U.S. Customs and Border Protection (CBP) and the February 2016 enactment of the Trade Facilitation and Trade Enforcement Act promise to enhance customs enforcement in high-priority areas and key sectors. In today’s globalized business environment, where U.S. companies rely on increasingly complex international supply chains, compliance with these requirements has never been more difficult and yet more critical to avoid disruptions to business and potential penalties.

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Wednesday
Mar302016

Illinois Entrepreneurs: Pitch Your Made in the USA Products to Walmart, Deals Can be Made on the Spot

U.S. Manufacturing Summit and Open Call for U.S. Products at Company’s Headquarters

Walmart, the world’s largest retailer, is looking for entrepreneurs to pitch their made in the USA products to the company’s buyers in a daylong event at Walmart’s global headquarters in Bentonville, Arkansas on June 28, 2016. Registration has begun.

“We are opening our doors and making our buyers available to meet with suppliers with one goal in mind: buy more American products,” said Cindi Marsiglio, Walmart’s vice president of U.S. Sourcing and Manufacturing. “From food to toys to apparel, and companies large and small from coast to coast, we want to make a deal with you for your U.S. made products.”

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Wednesday
Mar302016

Manufacturing Leaders Partner to Discuss Impact of Industrial Internet of Things

by Jennifer Drogus jdrogus@nam.org, National Association of Manufacturers

The National Association of Manufacturers (NAM), in partnership with General Electric, PTC and ServiceMax, hosted an executive forum on the role the Industrial Internet of Things (IIoT) has in today’s modern manufacturing facilities.

The panel, the first of the NAM’s new Leading Edge series, was hosted at GE’s Advanced Manufacturing and Software Technology Center in Detroit, Mich. Leading Edge is a new, yearlong series of events convening manufacturing executives from companies of all sizes together with business luminaries, thought leaders and experts.

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