Industrial Construction News: Labs, and Power, Energy and Oil & Gas with Noticeable Increases in October 2023
Research by Industrial SalesLeads experienced industrial market research team, shows 419 new planned industrial projects tracked during the month of November. Planned industrial project activity decreased by 4% from the previous month, however, there were noticeable increases in laboratory, Power / Energy / Oil & Gas. The following are selected highlights of new industrial construction news and project opportunities throughout...
The Devil is in the detailing
In the crane design world, how beams are joined together is called connection detailing and getting these details right can literally make or break a crane. Besides reducing a crane’s potential for collapse, proper connection detailing can also extend a crane’s service life by up to 400%. As we know, cranes experience their full rated load much more often than other structures, such as buildings and bridges. While an engineer might...
Strategy is also about People and Culture Dynamics
When organizations design strategies, the focus is typically on crafting an approach to achieve key organizational goals.These plans usually take hundreds of hours collectively, and once complete, are presented to the organization in a series of town halls, beautifully illustrated documents, and leadership meetings. Yet while we believe the strategy itself is the path to success, it’s the people and culture that make a strategy...
What to do about burnout when you’re not burned-out–3 ways to keep burnout from spreading like wildfire
Burnout is impacting every company, position, and industry. With 90% of the workforce experiencing burnout in the last year, you can no longer afford to ignore this epidemic. It’s affecting teams, leaders, and the whole organization…even you. Even if you’re not the one in burnout, it still impacts you. Think of it this way. How do you feel the next morning when you don’t get quality sleep the night before? Grumpy? Groggy? Foggy?...
Enabling frontline workers to drive efficiency and cost reductions with lean manufacturing
When it comes to supply chain and logistics, efficiency takes center stage. Central to this pursuit is the practice of lean manufacturing, which identifies processes and practices to streamline operations, reduce costs, and engage frontline workers. However, multiple misconceptions surround lean, from its purpose to its impact on the workforce. Contrary to popular belief, lean does not typically result in layoffs and is not merely...
Monetize your value Part 2
I am preparing an intro for this month’s topic, and then we will jump into material prepared by Nathan Hawkins asking him to update the readers about the status of ESOPs in today’s economic environment. I asked him five questions about the state of the ESOP (Employee Stock Option Plan) market, how ESOPs could help with recruiting and employee retention, what’s changed since the Pandemic, how interest rates and inflation have impacted...
Know your Key Performance Indicators in rental management
As the calendar turns to November, it’s hard to believe that it’s been over a year now since becoming a regular contributor in this Aftermarket column. In last month’s edition, I wrote about the topic of relational capital; the intangible asset that encompasses the network of relationships you build with your customers, partners, and employees. My personal relational capital has allowed me to regularly get inspiration for content to...
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