The Monthly Newsletter of the Council of Industry
June 20, 2024
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Council of Industry Updates
What's Happening in Your Association
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The Bills That Passed and Failed to Pass in the Last Week of the NYS Legislative Session
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Lawmakers in Albany wrapped up their legislative session last week under a cloud of uncertainty after Gov. Kathy Hochul surprised everyone with her decision to indefinitely pause congestion pricing in Manhattan, leaving a $15 billion hole in the Metropolitan Transportation Authority’s current capital plan. In addition to the regular end-of-session horsetrading and marathon legislating, lawmaking needed to consider whether or not to bail Hochul out with a new tax or an IOU for MTA funding. In the end, they left without approving either of the governor’s pitches, but they still approved plenty more.
Of the 805 bills that passed both chambers of the Legislature this year, 489 were passed in the final week of session, with the state Senate wrapping up on Friday and the Assembly finishing its business early Saturday morning. Bills passed last week include landmark new social media regulations for kids, an massive expansion of red light cameras in New York City and a new fee on polluters to pay for climate mitigation.
Read more at City & State
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Mason's Journey through the Apprenticeship Program and Viking Industries' Continuing Support
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Recently, Mason completed the NYS Registered Apprenticeship program through the Council of Industry. This credential is a testament to his hard work on the job and in the classroom. We are thrilled to see him eager to help mentor the next maintenance apprentice.
Thank you, Viking Industries, for your engagement in building the workforce of the future through your partnership with Hudson Valley Pathways Academy and your support of the apprenticeship program since 2017.
To learn more about apprenticeships email Johnnieanne Hansen
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Webinar Will Provide 401(k) Updates and Innovations and Ideas to Improve Programs
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On Tuesday June 25th from 1:00 - 2:30 PM, the Council of Industry will host a webinar presented by JP Morgan Chase's Everyday 401(k) which offers a digital 401(k) platform and brings a tailored retirement plan solution to small businesses.
Covered inthe webinar will be the NY State Retirement Mandate – NY Secure Choice Savings Program which will require any business with 10+ employees, who’s been in business for at least 2 years, and who does not offer a retirement plan to establish one.
Also covered in the webinar:
- Tax Credits for New Retirement Plans - SECURE Act 2.0
- Understand Costs, Maximize Benefit & Accelerate Savings
- Accelerate Savings: utilizing special rules and plan types to increase benefit to key people and tax savings for business
- Illustrating the benefits of Profit Sharing using a new comparability allocation
- Illustrating the benefits of add a Cash Balance plan
Learn more and register
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Golf Outing August 26th SOLD OUT! Tee Signs Other Sponsorships Still Available
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The Council of Industry will hold its Annual Golf Outing on Monday, August 26th at the Powelton Club in Newburgh. This year’s event is sold out with more than 100 golfers from member firms throughout the Hudson Valley ready to play for the coveted ‘Council Cup’. Registration and lunch will begin at 11:30 followed by a shotgun start at 12:30. Cocktails and a light dinner will follow at approximately 5:00 p.m.
Sponsors help make this event possible and one of the most enjoyable of the golfing season. Please support the Council of Industry and Hudson Valley manufacturing by becoming a sponsor.
Corporate Sponsor – Thank you JPMorgan Chase
Shirt Sponsor – Thank you NRG
Lunch Sponsor – AVAILABLE, $2,600
Scramble Prize Sponsor – AVAILABLE, $1,050
Yellow Ball Prize Sponsor – Thank you BELFOR Restoration
Best Ball Prize Sponsor – Thank you Rhinebeck Bank
Longest Drive Prize Sponsor – Thank you Package Pavement
Tee Sign Sponsor MORE AVAILABLE – $335 (Tee signs to date: AMI Services Inc, Allendale Machinery, Bank of America, Eastern Alloys Inc, Elna Magnetics, Fair-Rite Products Corp, Harmon Printing, Lakeland Bank, Metallized Carbon Corporation, NBT Bank, Orange Die Cutting Corp, & President Container Group)
Click here to sponsor
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Next Cohort of the Certificate In Manufacturing Leadership Begins July 17th in Fishkill
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The Council of Industry's Certificate in Manufacturing Leadership program has offered attendees a range of leadership skills through concentrations of courses. Participants who complete the required courses are presented with the Certificate in Manufacturing Leadership by the Council of Industry. All courses are interactive full day sessions (8:30 am to 4:00 pm) with lunch, scheduled breaks, networking, and group discussions.
The Classes will be held at the Center of Excellence for Industry & Innovation at DCC Fishkill. Though participants are encouraged to complete the course series for the most comprehensive supervisory education, the Council welcomes individual course registration as well.
Full Program Cost:
Individual Attendee: $1,975
Two or More Attendees: $1,875
Class Schedule:
- Fundamentals of Leadership (2 sessions) - July 17th & 24th
- Problem Solving & Decision Making - August 7th
- Effective Business Communication - August 21th
- Risk Management Environmental Health & Safety Essential - September 11th
- Making a Profit in Manufacturing - September 18th
- Human Resources Management Issues - October 2nd
- Best Practices & Continuous Improvement - October 9th
- Positive Discipline & Motivation - October 16th
To Register or Learn More About the Summer Session: Click Here
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For information on advertising in this and other CI publications
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Manufacturing Industry News
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Frontline Leaders Are Critical to Change Initiatives. So Why Are They Often an Afterthought?
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When planning cultural change, the first question often asked is, "Who owns the cultural transformation initiative in an organization?" This can be a contentious question, with common answers pointing to either executive management or senior plant management. However, the crucial roles of middle and lower-level managers in the cultural change process are frequently overlooked. Middle managers and floor-level supervisors typically oversee the largest number of employees in any manufacturing organization. While executive and plant leadership may plan and strategize the cultural change initiative, its actual implementation rests with middle and lower management.
It is essential to engage middle and lower-level managers in broader efforts for cultural change, and not just through their quarterly KPI goals. They should be given increasing responsibility to lead continuous improvement projects, and supported with coaching, mentoring and encouragement from lean and Six Sigma experts who can share tools and methodologies. Leadership development training is also essential. In addition, senior leadership should actively involve frontline leaders in tactical discussions on implementing cultural change initiatives, and expect monthly reports on the progress of frontline departments or areas of responsibility. Floor level leaders are the people who can share the real issues on the floor. Top leadership awareness of and attention to these issues not only has the potential to improve operations but gradually helps builds trust throughout the organization.
Read more at IndustryWeek
Learn more about the Council of Industry Leadership Training for Front Line Leaders
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How Smaller Manufacturers Should Approach New Automation Technology
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According to the Census Bureau, manufacturing establishments with more than 1,000 employees make up only 0.3% of all manufacturing establishments, though they employ more than 15% of the manufacturing workforce. With so much of the manufacturing industry comprised of small to mid-sized businesses, we wanted to explore the specific automation technology-related challenges these companies face during a time of rapidly expanding automation implementation and use.
To identify these challenges and how to best address them, Automation World spoke with four industry experts: Jeff Payne, director of business development at AutomationDirect; Steve Bieszczat, CMO at DelmiaWorks; Caleb Funk, engagement engineer with ImaginIt Technologies; and Julie Fraser, vice president of research for operations and manufacturing at Tech-Clarity.
Read more at Automation World
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Boosting Manufacturing Profits: The Impact Of Generative AI
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AI has already proven itself effective in other tech-heavy domains, such as software development, and it is one of the most viable solutions for manufacturers navigating increasingly challenging circumstances and greater pressure to achieve more with less. By harnessing a broader array of data and employing powerful machine learning and AI tools capable of identifying patterns and making predictions, manufacturers can realize various potential benefits, including:
- Reducing downtime and defects through predictive maintenance.
- Addressing labor challenges through greater automation.
- Improving quality control through automated inspection.
- Enhancing supply chain optimization and flexibility.
- Improving demand forecasting.
- Enhancing long-term and real-time decision-making.
- Reducing delays and inefficiencies through better production scheduling.
- Lessening waste through green manufacturing practices.
- Improving worker safety.
Read more at Forbes
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Eight Subject Areas and Four Methods for Continuous Learning in Manufacturing
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Continuous learning is critical in manufacturing operations. The issue is that the pace of technological progress means that workers’ skills become outdated rather quickly, resulting in the manufacturing skills gap. While someone may have the skills needed to perform a job upon hiring, without continuous learning and ongoing training opportunities he or she risks losing upward career potential – and may even fall behind in the current role. Whether it’s upskilling to keep up with new technologies, policy changes, or evolving industry trends, continued learning is vital in manufacturing. Every workforce can benefit from continued learning support that offers significant advantages to both the organization and its employees.
The key to continuous learning is to make training and educational resources easily accessible and readily available. Upon hiring workers should be provided with every resource and opportunity to continue developing their skills and knowledge. And all employees should be reminded regularly of the resources that are available to help them improve and advance in their careers.
Read more at Foundry Management & Technology
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NAM Launches Campaign to Prevent Tax Increases on Manufacturers
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Tuesday the NAM launched an industry-wide campaign to educate legislators, candidates and the Biden administration on the urgent need for action to preserve pro-growth tax policies scheduled to expire at the end of next year. Critical reforms from the 2017 Tax Cuts and Jobs Act will expire at the end of 2025. The NAM’s Manufacturing Wins campaign is designed to ensure that Congress preserves 2017 tax reform in its entirety. If they do not, at the end of 2025, virtually all manufacturers will face devastating tax increases that will cost manufacturing jobs, stifle growth and stunt innovation.
- Small manufacturers, which are often organized as pass-through businesses that pay tax at the individual tax rates, face increases in their income taxes and a loss of tax reform’s 20% pass-through deduction.
- Family-owned manufacturers will experience changes to the estate tax that subject more of their assets to taxation upon the death of a loved one.
- Investments in manufacturing growth will continue to be delayed without action to restore immediate R&D expensing, accelerated depreciation for capital equipment purchases and a pro-growth interest deductibility standard.
- A recent NAM survey found that if Congress fails to prevent the 2025 expirations, 73% of manufacturers would be forced to limit their capital investments, 65% would have to reduce job creation and 52% would spend less on R&D. Further, 93% of pass-through manufacturers said that the loss of the pass-through deduction would harm their ability to grow, create jobs and invest in their business.
Read more at The NAM
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NY is Changing High School Graduation Requirements. Here’s What’s Next in the Multi-Year Effort.
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Students will no longer be required to pass the state’s Regents exams to earn a high school diploma under a set of 12 proposed actions New York Education officials outlined last week. Instead, they will have a menu of options to choose from to demonstrate their knowledge and skills in seven key areas: critical thinking, effective communication, cultural and social-emotional competences, innovative problem solving, literacy across content areas, and a status as a “global citizen.”
New York education officials presented four “transformative actions” to move the state toward implementing the commission’s 12 recommendations. The first of these actions would adopt the commission’s portrait of a graduate as the framework for high school diploma requirements, tasking students with demonstrating proficiency in each of its attributes prior to graduation. Education officials also called for the state to redefine credits to focus on proficiency, expanding the ways students can show their skills to include options like capstone learning projects, work-based learning experiences, and more.
Read more at Chalkbeat
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The Undeniable Impact of AI on Modern Manufacturing
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The industry’s reliance on robotics, automation and heavy machinery substantially contributed to the rise of AI’s use in manufacturing. Heightened global demand, widespread labor scarcity and the increasing cost of disruption have also been key drivers as many countries’ consumers grow less tolerant of unexpected wait times and missed delivery windows. Early adopters of the technology were compelled by the seemingly unrivaled value it could provide to manufacturers. Because it is so versatile, they didn’t have to wait long before industrial applications were feasible. In the meantime, they observed its practical successes in adjacent industries, giving them the confidence to proceed with adoption.
AI has now become integral to many operations. As of 2023, 30.4% of large European Union enterprises were using it in some form. Indicators suggest its penetration rate will continue expanding as its use cases broaden and accessibility increases. While large enterprises aren’t the only ones adopting this technology, their involvement nurtured demand and their substantial investments have generated widespread interest. Experts estimate that AI’s market value will surpass $298 billion in 2024—up over $290 billion since its $8 billion valuation in 2016.
Read more at EETimes (Europe)
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Managing U.S. Defense Industry Risk
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U.S. workforce demographics and weak manufacturing infrastructure are undermining our national defense goals. These deficiencies threaten our military readiness, national resiliency and global competitiveness. Having a larger, well-staffed U.S. manufacturing industry will provide a comprehensive framework to manage risk and support our national defense. In the past, the U.S. military could call upon and employ a large domestic industrial base. America was able to switch gears and ramp up to manufacture essential items.
The pandemic was a painful reminder that such reserve capacity no longer exists. As the United States enters an era of fierce global competition, workforce development and manufacturing infrastructure are essential. Regarding infrastructure, a higher priority should be placed on manufacturing infrastructure rather than transportation infrastructure. In case of a war, our transportation system would be quite adequate. In contrast, experts agree that we would run out of artillery shells and missiles in a few weeks despite a current multiyear plan to double production.
Read more at Assembly Magazine
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Caterpillar, ABB, L3Harris: How Industry Leaders Are Scaling Sustainability
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Manufacturers looking to scale their sustainability strategies need not start from scratch. Companies have numerous technical and digital programs already in place that can significantly contribute to ESG targets and impact customers' carbon footprints. However, many companies fail to conduct a thorough inventory of these existing programs, missing opportunities to include them in their sustainability scope and reports. To address this, technical, digital, and sustainability teams need to collaborate and rework the value propositions of current digital and technical initiatives with a sustainability focus.
Many industrial companies have undertaken digital transformations over the past decade, launching initiatives related to predictive maintenance, IoT, product-as-a-service, and servitization. This article is an analysis of how initiatives in each of these areas can provide an onramp to a successful sustainability program.
Read more at IndustryWeek
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Ways to Diversify Your Supply Chain
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In a new report, out June 13, “Supply Chain Diversification”. DHL and academics set out to offer a new model which includes multi-shored supply networks, multi-sourcing, parallel modes of transportation, and concurrent or redundant logistics operations. “The events of the last years have shown us the importance of resilient supply chains and companies adapting their global supply networks accordingly,” says Katja Busch, Chief Commercial Officer and Head of DHL Customer Solutions & Innovation, in a statement.”
In the model developed by DHL in collaboration with Emeritus Professor Richard Wilding OBE, one of the world’s leading experts in Logistics and Supply Chain Management, four dimensions of supply chain diversification (Multi-shoring the Supply Network, Manufacturing & Supplier Network, Mode of transportation, Logistics Operations) are discussed.
Read more at Material Handling & Logistics
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NEW PODCAST EPISODE OUT NOW!
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