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Last updateFri, 23 Feb 2018 5pm

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The Bottom-Line Costs of a "Perfect Storm"

Over the next few years, manufacturers of varied sizes could lose millions of dollars from their bottom lines due to looming retirements, according to a new report. Filling the talent void will be expensive, but failing to have an adequate replacement pool will be financially catastrophic.

Source: Thomasnet

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G-8 Says Oil, Food Prices Pose Threat to World Economy

Finance ministers from the Group of Eight industrialized nations urged oil producers to boost output to help stabilize record-high oil and food prices, calling the situation a serious threat to global economic growth.

The world economy faces "headwinds" because of the recent rise in prices, the G-8 ministers said in a joint statement. 

Source: Associated Press

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Stung by Soaring Transport Costs, Factories Bring Jobs Home Again

The rising cost of shipping everything from industrial-pump parts to lawn-mower batteries to living-room sofas is forcing some manufacturers to bring production back to North America and freeze plans to send even more work overseas.

"My cost of getting a shipping container here from China just keeps going up -- and I don't see any end in sight," says Claude Hayes, president of the retail heating division at DESA LLC.

Source: The Wall Street Journal

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Exports Prop Up Manufacturing Jobs

The best news about the dismal May employment report may be that it could have been a whole lot worse.

Manufacturing payrolls fell 26,000 last month — no surprise as they’ve now fallen almost two-straight years.

What’s unusual, economists said, is that given the weakness in domestic demand they’re not falling even more. In 2001, the last time the U.S. was in a recession, manufacturing lost an average of over 100,000 jobs per month. So far in 2008, it’s lost an average of 41,000.

Source: Wall Street Journal

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Carbon-Capping Climate Bill Dies in Senate

Legislation that would have set up a cap-and-trade system to limit climate-warming carbon emissions died on Friday after a procedural vote in the Senate.

The bill aimed to cut total U.S. global warming emissions by 66 percent by 2050. Opponents said it would cost U.S. jobs and raise fuel prices in an already pinched American economy.

Source: Reuters

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