U.S. manufacturing continued to outperform the market in Q3 2017. The InterOcean Manufacturing Index increased 6.7%, while the S&P 500 rose 4.0% over the past quarter. Capital equipment spending was again a key driver in the growth, with order backlogs increasing for the eighth month in a row. Continue reading
Last week David Conaway enjoyed a lively antitrust discussion with friends and colleagues at the Furniture Manufacturers Credit Association meeting in Atlanta on “Industry Trade Groups: What You Want to Know, What You Need to Know, What You Can Know”.
Shumaker was proud to sponsor the ACC Charlotte’s annual manufacturing facility tour and networking event in March of this year. The tour, hosted by Rogue Farms Urban Hydroponics in Charlotte, NC, was led by owner Nicole Burnette who educated event attendees on the history of the farm, sourcing of plants and equipment, and the impact their farm has on the community. Following the tour, Siu Challons, Chair of the Art Department of Queens University and local artist Nick Napolentano presented on the Old Masters with a discussion on their impact on modern art.
In a low-slung office building at his giant ceramics factory in southwestern Nigeria, Sun Jian insisted that we have tea. He had just returned from a trip to China, and he had a batch of top-quality tea he wanted to share with visitors, in an age-old gesture of Chinese hospitality. Continue reading
Update on Takata: the bidding process and negotiations continue. Bain Capital and Daicel Corp, a Japanese chemical company, have bid $3 billion. Continue reading
I enjoyed a great interactive discussion in Charlotte on October 11, 2016 with members of the Credit & Financial Development Division of National Association of Credit Management (CFDD) on strategies to minimize risk and avoid loss when customers become insolvent, go out of business or face catastrophic economic events. Great questions and discussion.