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
Feb102016

Illinois Governor Bruce Rauner: Manufacturing is a Driving Force in State Economy

By Mallory Micetich, NAM — February 4, 2016

On February 3rd, as a part of the 2016 State of Manufacturing Tour, NAM President and CEO Jay Timmons was outside of Chicago talking to student, facility, community and state leaders and business owners about the future of manufacturing. Illinois Governor Bruce Rauner has been a supporter of manufacturing in the state and speaks to manufacturing’s growth and potential.

 Click here to see the video.

Wednesday
Feb102016

Manufacturing Marketing Institute (MMI) Launches Podcast for Marketers in the Manufacturing Sector

Marketers working in the manufacturing industry get very little support for the specific niche of marketing. The Manufacturing Marketing Institute (MMI) launched the Manufacturing Marketing Matters podcast to help manufacturing marketers advance the practice of marketing throughout the manufacturing industry as well as further their own professional marketing careers. The first 3 episodes were released on November 18, 2015 and are available on iTunes, SoundCloud and the MMI website mmmatters.com podcast.

The weekly podcast will feature one guest who will be a technical expert, manufacturing marketer with a success story, or a manufacturing focused marketing consultant. The podcast will include a Challenge Question posed by a listener and one or two actionable takeaways.

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Wednesday
Feb102016

IMTS 2016 registration and visitor housing open

Experience the largest display and demonstration of manufacturing technology in the Western Hemisphere.

Registration and Visitor Housing for this year’s leading industrial manufacturing event, IMTS – The International Manufacturing Technology Show, is now open. Manufacturing professionals across the globe will gather at Chicago’s McCormick Place, Sept. 12-17, 2016, seeking to explore the latest in manufacturing technologies and innovative manufacturing trends. Registration includes floor access to 1.256 million net square feet of exhibits. This includes five co-located shows, making IMTS 2016 one of the largest in show history. Visit IMTS.com/register and IMTS.com/travel to begin planning your IMTS 2016 experience.

More than 2,000 companies will exhibit, and anticipated registrants will exceed 120,000 buyers and sellers of machine tools, controls, computers, software, components, systems and processes. The five co-located shows, which are organized by Hanover Fairs, USA, include the following: Industrial Automation North America; Motion, Drive & Automation North America; Surface Technology North America; ComVac North America and Industrial Supply North.

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Wednesday
Feb032016

NAM’s Timmons Gives State of Manufacturing Address at Harper College Outside Chicago, Illinois

IMA CEO Gregory W. Baise joined NAM President and CEO Jay Timmons to Highlight the Manufacturers’ Agenda for Economic Growth and American Exceptionalism 

Washington, D.C., February 3, 2016 – National Association of Manufacturers (NAM) President and CEO Jay Timmons delivered his 2016 State of Manufacturing address today at Harper College in Palatine, Ill. The event, co-hosted by the Illinois Manufacturers’ Association (IMA) and Harper College, is the latest in a series of stops throughout seven states to highlight the vital role the industry plays in the U.S. economy and the changing perceptions of manufacturing.

“Today’s modern manufacturing doesn’t always look like yesterday’s. We are sleek, high-tech and innovative, and manufacturers continue to drive economic growth in the United States,” said Timmons. “The manufacturing industry is leading an innovation revolution that will win jobs for America, raise standards of living and restore our nation’s standing around the world. Modern manufacturing touches every aspect of our lives, and it’s the backbone of our economy. Our industry is about the men and women who make things in America; it’s about their creativity and the potential we can unleash. Now is the time to embrace a manufacturing resurgence to protect and promote American Exceptionalism.” 

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Wednesday
Feb032016

“The Age of Aerospace” is Boeing’s centennial documentary on the Science and Discovery channels

The Boeing centennial is a unique opportunity to tell the story of innovation at Boeing and reflect on the remarkable achievements and the profound impact the people of Boeing have made over the course of our first 100 years. IMA member Boeing shares with the world a glimpse into their storied past.

The Age of Aerospace, a five-part series premiered February 1st at 7:00 p.m. CT on the Science Channel. The series chronicles the history of Boeing along with their many heritage companies and explores the advancements in civilian, military and space technology that led to some of America’s greatest achievements. The episodes will run throughout the month of February and will touch on the following themes:

• What Can’t We Do? The premiere episode reveals how Bill Boeing, Donald Douglas, James McDonnell and their contemporaries took the invention of the airplane and forged an industry, delivering advancements in communication, transportation, and warfare • Miracle Planes details the role American industry and planes, including the B-29 Superfortress, North American P-51 Mustang and the Boeing B-17 Flying Fortress, played in the Allied victory over Germany and Japan

Click to read more ...

Wednesday
Feb032016

Governor Announces Formation of Non-Profit Economic Development Organization

New privately funded non-profit will focus strictly on increasing Illinois¹ competitiveness for job creation and investment

Governor Rauner today (January 27) announced in his State of the State address that leaders at the Illinois Department of Commerce & Economic Opportunity and business stakeholders will collaborate in organizing a newly formed private, non-profit organization focusing exclusively on increasing Illinois’ competitiveness for job creation and investment. The creation of a private economic development organization was a key recommendation of the Governor’s bipartisan transition committee last year.

“Illinois is at a critical crossroad,” Illinois Department of Commerce Director Jim Schultz said. “We have among the best assets in the world, including unparalleled access to global markets with our five international airports, seven Class I railroads, the third largest interstate highway system in the country, the third largest intermodal port in the world, and more. We have over 200 higher education institutions around the state, a growing innovation ecosystem, a diverse and dynamic workforce, along with an abundance of natural resources.

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Wednesday
Jan272016

NAM’s 2016 State of Manufacturing Tour: Competing to Win

Register to attend this event showcasing the importance of modern manufacturing on
Wednesday, February 3rd at Harper College in Palatine

National Association of Manufacturers (NAM) President and CEO Jay Timmons, in partnership with Harper College and the Illinois Manufacturers’ Association, join students, business and community leaders, and elected officials to discuss how we can fight for, and own, the future of manufacturing.

When: Wednesday, February 3, 2016, 2:00-3:30 p.m.

Where: Harper College, Advanced Manufacturing Lab, Building H, Room H-190, 1200 W. Algonquin Road, Palatine

Click to read more ...

Wednesday
Jan272016

The Fastest Growing (and Shrinking) States

In the past year, the U.S. population grew by roughly 2.5 million people. International net migration accounted for approximately 46% of this growth. Natural growth — the number of births less the number of deaths — accounted for the roughly remaining 54%, or 1.36 million new Americans. The incremental uptick in people living in the country was far from even. Job opportunities, immigration and migration patterns, and other factors led to some parts of the country growing at a much faster rate, while others contracted significantly.

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Wednesday
Jan202016

NAM’s Monday Economic Report — January 18, 2016

It was another terrible week in global equities, with U.S. stocks notching their worst start to a new year in the market’s history. The Dow Jones Industrial Average closed at 15978.1 on January 15, down 8.3 percent through the first two weeks of 2016. Financial market analysts are worried about a possible global slowdown, with Chinese equities continuing to plummet and crude oil prices closing the week below $30 per barrel.

The economic data released last week did not help matters. Manufacturing production fell for the fourth time in the past five months, down 0.1 percent in December and up just 0.8 percent over the past 12 months. That represents a significant deceleration in year-over-year growth from the 4.3 percent pace in January 2015. Moreover, manufacturing capacity utilization decreased from 76.1 percent in November to 76.0 percent in December, its lowest level in six months. At the same time, the New York Federal Reserve Bank’s composite index of manufacturing activity fell to -19.4 in January, notching negative values in seven of the past eight months. Manufacturing job openings also fell to their lowest level in 13 months in November, with net hiring flat.

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Wednesday
Jan202016

The Road Ahead 2016: Reflections — Free Webinar January 27th

From IMA member Plante Moran …

Our theme this year, Reflections, takes inspiration from one of the most ubiquitous and vital elements of life: water. As we have seen in the year past, market behavior can be somewhat unpredictable in the short-term — offering volatility at the same time it brings exciting opportunity. We know that all rivers flow to the sea eventually, though, no matter the route they take to get there — a philosophy that is reflected in our counsel to focus on balance and long-term results rather than the day-to-day market currents that cross our path.

At the conclusion of this session participants will be able to (or will know):

• Understand the current economic environment and policy considerations and their potential impact on the financial markets.

• Understand potential portfolio opportunities today within the context of appropriate long-term portfolio strategies.

Click to read more ...