According to Don Sabbarese, Professor of Economics at Kennesaw State University, "Georgia registers strong growth even as new orders and production slip from their very high levels in March. Employment continues to be strong."
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Topics: Georgia manufacturing activity, manufacturing, PMI, Uncategorized
A recent conversation with the Georgia Ports Authority shed light on the economic impact of a place close to home, The Port of Savannah. Many thanks to Edward Fulford, GPA manager of communications, who contributed to this article.
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Topics: The Port of Savannah, Economic Impact, International Cargo Hub, manufacturing, Uncategorized
The MPI Internet of Things Study evaluated the readiness of U.S. manufacturers to incorporate smart devices and embedded intelligence within their plants and into their companies’ products. The study was conducted by The MPI Group and sponsored by BDO. In August and September 2015, 350 manufacturers participated in the study. For additional study findings and information on the respondents, view the executive summary.
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Topics: cybersecurity, Internet of Things, manufacturers, manufacturing, R&D tax credit, Uncategorized
Manufacturing Exemptions – Items Used and Consumed in Manufacturing
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Topics: manufacturing, Refund, sales tax, Tax Planning, Uncategorized
According to Don Sabbarese, Professor of Economics at Kennesaw State University, "Both the Georgia and National PMIs increased. The National PMI moved above 50 for the first time since October 2015. Georgia's PMI will continue to demonstrate growth for its manufacturing sector. However, its current high levels may not be sustainable."
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Topics: Georgia manufacturing activity, manufacturing, PMI, Uncategorized
M&D Sector Deal Volume Pulls Back From Recent Highs
M&A activity in the Manufacturing & Distribution (M&D) sector in 2015 was slightly ahead of 2014 levels, making 2015 the second most active post-recession year on record. However, a deeper dive into the details revealed an alarming trend. The pace of closings began to slow in Q3 and then dropped off materially in December 2015 and January 2016, down 10.4 percent and 20.8 percent, respectively, from comparable year-earlier periods. While financial buyers steadily purchased M&D companies throughout the year, strategic buyers pulled back in the second half.
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Topics: manufacturing, Uncategorized
Each month in Manufacturing and Distribution Matters, we provide monthly PMI updates to our readers. This month, we wanted to bring you a “big picture” look back at 2015.
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Topics: manufacturing, Uncategorized
The updated ISO 9001:2015 requirements, more specifically “Leadership”, “Risk Based Thinking” and “Context of the Organization”, have many components linking QMS standards to business management systems, leadership involvement, and strategic planning that were not previously required. The newly required alignment involves the entire organization, a more comprehensive approach to improved performance, process, and quality.
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Topics: manufacturing, Uncategorized
January 2016 - Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — decreased 0.5 points during January. The most-improved area was Finished Inventory; up 16 points in January. The Purchasing Managers Index (PMI) Report is underwritten by the Manufacturing and Distribution Group of Smith & Howard, a top Atlanta CPA firm with a focus on serving manufacturing businesses, and is produced monthly by the Econometric Center at Kennesaw State University.
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Topics: manufacturing, Uncategorized