The #1 thing businesses get wrong during a recession
It seems like the question on most business owners’ minds at the moment is, “are we headed for a recession?” Regardless of the answer to that question, one true thing is that even in times of recession, there are businesses that continue to grow and ones that barely survive. Unfortunately, during tough times one of the first things that many businesses start to cut is their investment in the customer and employee experience. This is...
Bucking the latest labor threats
The U.S. labor market remains tight, in spite of recent changes. The Bureau of Labor Statistics reported approximately 4.2 million workers quit their jobs in August 2022, unchanged from July 2022 and down just slightly from 4.3 million in June. You may have heard of the Great Resignation of older employees that are fueling the fires. But there’s more. Other trends — including “quiet quitting” and “echo...
Why do we continually allow sandbagging to happen?
Sandbagging is a strategy of lowering the expectations of a company or an individual’s strengths and core competencies in order to produce relatively greater-than-anticipated results. Unlike Quiet Quitting, which focuses on stopping the completion of any tasks not explicitly stated in the job description, Sandbagging fundamentally drags down overall company performance. We’ve all seen it, experienced it, or maybe have done...
Hidden Cost of Variability
It is an honor to be the newest Aftermarket columnist for Material Handling Wholesaler. When Dave reached out to inform me that I was among those he was endorsing for this opportunity, I was anxious and a bit sorrowful at the same time. Sorrowful because I looked forward to reading Dave’s article every month as the knowledge he shared has always been an invaluable source of information for me. Anxious because I looked forward to...
Industrial Manufacturing shows weak growth in August 2022 with 140 new planned projects
SalesLeads announced the August 2022 results for the newly planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction, and significant equipment modernization projects. Research confirms 140 new projects in the Industrial Manufacturing sector down from 156 in July. The following are...
Not a typical management structure for the materials handling industry
Women keeping a handle on the family material handling business Keeping it in the family, Interthor’s Danish parent company, Logitrans, is on its 3rd generation of owners bringing quality equipment to all areas of material handling. Gitte Kirkegaard and Dorte Pedersen are no strangers to the material handling business, not only do they own and operate Logitrans, they are sisters. Both women are engineers, Gitte, the CEO of Logitrans...
Something Old—Something New
Last month I was preparing the September article just before Mr. Powell informed us of the rate change coming. He made that announcement right after I finished my creation for the month. Duplicating that process again for the October issue, on August 26, just before Mr. Powell announced they were taking the hawkish route. My guess is another .75% rise in rates. Let us see what happens. But before we get started, I want to thank Dave...
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