US Manufacturing Status – and AMBAC Comparison
US production status
There is no doubt that labor shortages, supply chain instability,
increased risk of cyber threats and commitment to ESG initiatives are among
problems affecting the state of the manufacturing industry in the United States
states. How AMBAC solves these problems to ensure the delivery of your product
every time on time?
"Have you ever played 52 cards?" This is what the CEO of AMBAC,
asked Robert Isherwood, discussing the current state of production.
industry in the USA. If you're not familiar, 52 Card Pickup implied as
a joke in which the dealer gives the false impression that a legitimate game will
play, and then just throws a whole deck of cards on the floor. The only one
target? Take all 52 cards.
A lot of
as the consequences of a card game, the manufacturing industry in the United States
there's been a mess these last few years. COVID 19 – related labor shortage,
supply chain instability, cybersecurity issues and fast growth
environmental, social and governance (ESG) factors are just some of the
factors contributing to the disorder of cards on the floor.
AMBAC is
is no exception to the volatility and excessive delays of today's supply chain storm.
However, our 110-year history of relationship-based manufacturing has allowed
us with the tools to navigate this mess. And so that you, our customer,
receive the goods on time.
к
be competitive in these new USA
The manufacturing market requires business flexibility. ongoing risks such as
labor shortages and supply chain instability are contained by caution.
As business leaders look to not only protect against future shocks, but also
step up your offense, business agility becomes a critical component for
businesses looking to survive (and grow).
However, optimism about revenue growth remains
check with caution against current risks. Labor shortage and supply chain
instability reduces operational efficiency and profitability, making business
Flexibility is critical for organizations looking to operate in chaos
unusually fast economic recovery - and compete in the next period of growth. WITH
risk factors and bottom line to consider in every decision, here's how
AMBAC overcomes obstacles to ensure that your product is delivered on time, every
time.
Labor shortage
Record
the number of unfilled jobs is likely to limit higher productivity and growth
2022 both in the US manufacturing market and beyond. In accordance with US Chamber of Commerce, “Companies of any size and industry
facing the unprecedented challenge of trying to fill enough workers to fill open
workplaces. The latest figures show that we have 11.3 million vacancies in the US, but
only 6.3 million unemployed. If every unemployed person in the US found
jobs, we'd still have 5 million open jobs."
As
“Best place to work in South Carolina, AMBAC weathering the pandemic
pretty unscathed in HR. At first
pandemic in 2020, AMBAC hired and retained 16 new employees, adding almost
32% of our workforce.
An
an open book management culture that is an employee-owned brand and allows
flexible working week and all the factors that contribute to employee retention and
attracting new recruits. And complete
(and happy) workforce ensures your product is made to the highest standard
standards and delivered on time, every time.
Supply
circuit instability
Supply chain issues are serious and still evolving.
Manufacturers are facing near-continuous disruptions around the world that are affecting the bottom
lines and expand the limits of business flexibility. Systemwide complications from
high demand, rising raw material and freight costs, and slow deliveries to
US all contributing to canceled deliveries, or extremely late
delivery, if you're lucky. Phil Levy, Flexport Chief Economist, Freight
forwarding company from San Francisco. Talks about the return of normal nutrition
chains this year: "This is unlikely to happen in 2022," said: "My crystal ball
dull further.
New York
time says: “Fixing these supply chain problems requires
investments and technologies. Need more ships additional warehouses, and an influx of truck drivers,
none of this can be done quickly or cheaply. Many months, maybe
years will most likely pass before the chaos subsides.”
Formerly American Bosch, AMBAC was
manufacturing heavy engine components right here in the USA since 1910. Our history of long-term relationships with
Our suppliers guarantee that we will always deliver you a quality product on time. How
an ISO 9001:2015 certified company, we ensure that our products and our people
the highest standards.
Rising Threats Lead the Way
industry to a new level of readiness
Cyber attacks
in the manufacturing industry in the United States increased last year
cybersecurity as a risk management tool essential for most leaders. splash
Threats during the pandemic have increased business risk for manufacturers in
ransomware crosshairs. In accordance with IDC ransomware research, “Roughly 37% of global organizations
said they were victims of a ransomware attack in 2021.”
AMBAK
not only looks at our cyber security, but we also consider the resiliency of our
business in the event of a cyber attack. Cybercriminals can stop operations
and disrupt entire supplier networks, compromising security, and
performance. We
implemented dozens of data protection and privacy controls. And even after
all these measures have been implemented, we constantly feel that we
missed something or that there is a threat that we did not know about. Eternal
vigilance is the only way to protect our business.
ESG investmentsIn today's
global economy, US manufacturers must adopt more sustainable and ethical
business practices if they want to remain profitable and competitive.
the importance of ESG (environmental protection,
social and managerial) is revealed more and more.
In accordance with KPMG report," 71% of CEOs think it's theirs
personal responsibility to ensure that the organization's ESG policy reflects
the value of their customers." AND PWC reports, "This was stated by more than 75% of consumers and employees.
they are more likely to buy from or work for a company that supports ESG.
principles."
Recovery is inherently positive in terms of environment, energy
efficiency and carbon footprint. Every part we remanufacture deviates from
landfills. Hence. This also means that no new part is produced,
leading to huge positive impacts such as less mining,
production, transportation, etc.). In our new production, we have reduced
energy/carbon footprint in many ways – switching to efficient lighting,
modernized equipment to save energy, eliminated processes that generate hazardous
waste, and recycled a lot of our waste stream.
Social aspect of ESG
consists of labor standards, wages and benefits, diversity, racial justice, pay
equity and supply chain. We manage employees. Labor standards, pay
fairness, and wages are chosen by the PEOPLE who receive them. For example - how
many companies have Front line define team work
hours of work, allowances and benefits, working conditions, employee policies, etc.? Safety
standards are set and followed by affected people.
We work with a wide range of companies (which are not our clients or
suppliers) and share best practices in HR management. We spend huge
the amount of time and effort in training and education. We teach people from all
levels to be business leaders. The variety goes beyond hot buttons.
the deeper issue of diversity is not what is the composition of your population (we
this too), but we include everyone in the decision-making process. Height
Supply chain integrity is difficult for most small companies. We choose the source as
as far as possible and where we can from companies that we know.
In conclusion, AMBAC is no exception to instability
US manufacturing industry. However, our nomination as the best place for
Work, long-term relationship with
our suppliers, commitment to our cybersecurity and commitment to ESG efforts
ensures our customers that their products will always be at hand, on time and at any time.
