As the first two months of 2024 have come to an end, it can provide a glimpse into the insights and predictions that companies such as Collier, RSM, Site Selection Group and Deloitte have released. These insights underscore persistent topics such as inflation, labor market challenges, supply chain robustness, and the expanding footprint of automation technologies within the industrial sector. With these factors in mind, the question arises: Is the industrial sector poised to maintain its upward growth trajectory in capital equipment in the coming months?
The U.S. manufacturing sector was in full swing in February, marked by a surge in construction and expansion of factories across various industries. From electric vehicle components to cell therapies, companies are investing heavily in domestic production, creating jobs and boosting local economies. From coast to coast, these new manufacturing enterprises are poised to inject billions into the U.S. economy and create thousands of jobs. Let's take a look at into the most promising ventures announced this month.
Home to abundant natural resources, the state of Alaska boasts a unique and powerful manufacturing sector, with a stronghold in the petroleum and seafood industries and very little reliance on imported materials. Curious about what's made in Alaska and who makes it? Let's explore the latest facts and trends in Alaska's manufacturing sector and explore its top companies, based on MNI survey of the state's 600+ manufacturers.
Welcome to our weekly rundown of the most in-demand industrial products and services in the U.S. right now. At MNI, as well as providing comprehensive profiles of 460,000 industrial business in the U.S., we also keep track of what equipment, parts, services millions of industrial buyers are searching for across 11,000 distinct product and service categories on our industrial marketplace IndustryNet.
There's no doubt about it. The U.S. manufacturing sector has faced and overcome huge challenges over the past few years and 2024 is holding true to the trend with its own set of headaches for your prospects in manufacturing. So what challenges and pain points are manufacturers facing right now and how might that impact your strategy? Explore the these ten major manufacturing pain points for 2024 to help you cement your relationship with your current clients and find new clients most in need of your products and services.
MNI offers a detailed look at the U.S. industrial machinery sector based on extensive data points they collect firsthand from the nation's nearly 400,000 U.S. manufacturers. The following statistics and trends offer significant insights on today's industrial machinery market, providing key knowledge for those who do business with industrial machinery manufacturers.
Historically a textile-manufacturing state, today Rhode Island boasts a very diverse set of manufacturing companies, from major defense contractors to toy and game producers to biotech companies. The state's workforce is among the most educated in the nation, and a focus on innovation has drawn many advanced manufacturing enterprises to its borders.
This article will explore the latest facts on the state's industrial sector and provide details on the top manufacturing companies in Rhode Island.
According to research from Forrester, marketers see an average 20% increase in sales from nurtured leads as opposed to unnurtured leads. Additionally, Forrester says that businesses who "excel" at nurturing leads can generate 50% more sales at a 33% lower cost! So what is lead nurturing? Let�s take a look:
Boasting a diverse manufacturing sector that draws from its highly educated workforce, the state of Vermont is home to a number of major names in the aerospace, semiconductor, aviation and food and beverage industries.
This article will explore the latest trends and statistics in Vermont's industrial sector and examine the top manufacturing companies the state.
As 2024 unfolds, industrial sales and marketing continues to evolve, driven by groundbreaking technological advancements, changing consumer behaviors, and regulatory changes. Ready to kick your strategy into high gear? Today we're unpacking the latest trends and challenges for sales and marketing professionals who do business in the industrial sector to watch in 2024--including specific pain points faced by their valued clientele: U.S. manufacturers. First let's take a look at some of the specific trends, challenges, and opportunities facing sales and marketing teams in 2024.
The US chemical industry plays a vital role in meeting the high demand for raw materials across multiple sectors. As overseas utilization persists, the demand for these materials remains strong. While the construction sector may experience a slight downturn in 2023, resulting in a minor decline in related chemical sales, the global chemical market's performance will largely depend on the demand for petrochemicals like ethylene. Encouragingly, with the chip shortage alleviating, the automotive sector is poised for a resurgence, driving increased chemical usage. For suppliers, the chemical industry continues to present promising opportunities for growth and collaboration.
Maine is home to a diverse set of industrial enterprises, from L.L. Bean's footwear empire to major defense contractors like Bath Iron Works and Pratt & Whitney. With its abundant natural resources and highly educated workforce, the state has come a long way in recent decades in attracting and supporting advanced manufacturing companies, while maintaining it stronghold in its traditionally dominant pulp and paper sector.
This article will explore the latest trends and statistics in the state's industrial sector and examine the top manufacturing companies in Maine.
The latest employment summary from the U.S. Department of Labor reports employment in U.S. manufacturing sector was little changed in December, following the sharp rebound the sector saw in November. Wondering which manufacturing industries gained and lost jobs in December? In this article, we�ll explore the most recent manufacturing numbers from the Labor Department, providing gains and losses by specific subsector.
U.S. manufacturers started off the new year with a bang, announcing numerous new facilities throughout the month of January. From semiconductor operations in Arizona to electric vehicle plants across multiple states, the sector demonstrated its resilience and adaptability this month. Encompassing ten U.S. states, thousands of jobs and billions in investments, get a look at the most exciting new enterprises announced in January!
Supported by the growing trend toward reshoring, prospecting in the U.S. fabricated metals market can yield many rich veins. Many manufacturers are impatient with lead times for parts from overseas and are anxious to switch to domestic sources. Fabricators sell everything from medical equipment to tractor-trailer parts. Get an inside look at the U.S. fabricated metals industry, including top trends and statistics based on exclusive data collected by MNI.
Illinois is a major manufacturing hub, home to 15,902 industrial companies, making it a top state to keep on your radar. Today, we're going to delve into the most recent trends on Illinois' rich and varied manufacturing sector and explore some of the state's top companies.
The southeast industrial air compressor distributor, the star of this story, stands out in the market with their reliable and proven product and service offerings, which has garnered them a loyal customer base over the years. With a professional tone, it is evident that whenever they have the opportunity to present their solutions to a prospect, more often than not, they succeed in converting them into new customers; whether that is new equipment sales, preventative maintenance plans, or current service needs. But that wasn't often enough. The challenge was this: How could the field sales engineering team grow their sales, get in the door and in front of potential industrial customers in their territories--often?
South Dakota's tax climate ranks among the best in the U.S and has a strong manufacturing economy. The state's abundant natural resources attract a wide range of agricultural and food processing enterprises. Yet, it is also home to some big names in medical device manufacturing, wood products, packaging and more.
Let's take a look at the latest facts on South Dakota's industrial sector and explore the state's ten largest companies.
Trade shows and live events are tremendous opportunities for marketers to learn more about industry providers. Not only are key personnel from large enterprises presenting, but you can actually see the products and services different companies offer firsthand. For marketing and sales professionals, this level of immersion allows you to speak with authority when working with these companies.
Home to 4,900+ industrial companies nearly 300,000 related jobs, Virginia is a manufacturing powerhouse. Revered by manufacturers for its robust labor pool, solid infrastructure and focus on innovation, Virginia is home to major names in the defense, automotive and food processing sectors.
This article will explore the latest trends and statistics in Virginia's industrial sector and examine the top manufacturing companies in Virginia.
Apparel manufacturing faces many obstacles that have little to do with what consumers choose to wear. Global politics impact the supply chain. Inflation affects consumer buying habits and confidence. Climate change makes raw material availability more uncertain. Amid these challenges, apparel makers search for strategies to cope. The door is wide open for companies that can help them weather the storm. Basic facts about this industry will help you determine the most likely prospects to target.
The new year is a time of renewal, reflection and resolution, but let�s not forget it�s also a time of opportunity�especially for B2B marketers who want to generate more leads and grow their business. But how can you capture the attention of your prospects and customers in the crowded inbox? How can you stand out from the generic "Happy New Year" messages and offer something valuable and relevant?
With strongholds in multiple industries, the state of Oregon boasts a robust and diverse manufacturing sector, home to major names in aerospace, electronics, apparel and more. This article will provide some key facts on Oregon's manufacturing sector and exploring the state's ten largest industrial companies.
Have you bought a new car lately? How about a new cell phone, toothbrush, or thermostat? Have you noticed that the price of most electronics has skyrocketed? Some of the increase can be blamed on inflation. But most of it comes from a wafer-thin silicon chip engraved with coding that is many times thinner than a strand of hair � a semiconductor.
So why doesn't the U.S. simply produce more chips? The answer is not simple, but it boils down to time and money. At the moment, China tops the list of semiconductor manufacturers. This situation is bad for U.S. manufacturers that rely on semiconductors. It is bad for national security. And it is costly for consumers who end up paying more for an electric toothbrush.
Closing out the year on a high note, December 2023 witnessed U.S. manufacturers announcing a spectrum of new manufacturing enterprises, from state-of-the-art EV tech facilities to substantial investments in packaging, building supplies, food processing and more. Encompassing ten U.S. states, thousands of jobs and billions in investments, today we're exploring the most exciting new manufacturing operations announced in December.
New Hampshire is a small state with a big footprint in high-tech manufacturing. The state is home to some major names in aerospace, electronics, defense and more, while its highly educated workforce is a major draw for cutting edge enterprises.
So what should you know about New Hampshire manufacturers? Today, we're exploring the latest facts on New Hampshire's industrial sector and getting to know the state's ten largest manufacturing companies.
As an industrial sales and marketing leader, you may find yourself and your team frustrated with the responsibilities that come with constantly filling the sales funnel and pipeline. From prospecting and sales lead generation to nurturing and helping to close deals, it can be challenging to keep up with it all. This is where prospecting expertise in the industrial market can make a significant difference in your teams� sales success. Together, we will explore the benefits of adding a dedicated team of hunters to the mix and help you determine if it's the right move for your business.
When it comes to manufacturing, the Gem State sparkles. Idaho maintains one of the most business-friendly environments in the nation. The state is known for its massive food processing operations, but is also home to some major manufacturers of semiconductors and electronics, wellness products, sports equipment, and more.
This article will explore the latest facts on the state's industrial sector and provide details on the top manufacturing companies in Idaho.
The Wright Brothers' original plane contained only seven major pieces. Many of those same parts still exist in today's aircraft, such as the rudder, wings and fuselage. Aircraft manufacturing processes have added quite a few parts as flight developed over the years. In fact, a Boeing 747-8 needs about 6 million parts!
In the midst of the myriad challenges faced by U.S. manufacturers in 2023, from inflation concerns and labor shortages to softening demand and more, the most-read sales and marketing stories on IndustrySelect this year mirrored the efforts of industrial sales and marketing professionals to proactively navigate new developments and evolving requirements, enhance communication with their valued manufacturing clients, and unearth new opportunities in this dynamic industry.
In this post, we'll take a look at the most popular industrial sales and marketing stories of the year, as well as the most popular industries and regions as sales, marketing, business development and research professionals turned to IndustrySelect for exclusives insights into the industrial landscape in 2023.