ISM: Manufacturing Grows (CONT’D FROM PAGE 10)
Board Converting NEWS INTERNET DIRECTORY
higher compared to the June reading of 49.9 percent. The Supplier Deliveries Index registered 72.5 percent, down 2.6 percentage points from the June figure of 75.1 percent. The Inventories Index registered 48.9 percent, 2.2 percentage points lower than the June reading of 51.1 percent. The New Export Orders Index registered 55.7 percent, a decrease of 0.5 percentage point compared to the June reading of 56.2 percent. The Imports Index regis- tered 53.7 percent, a 7.3-percentage point decrease from the June reading of 61 percent. “Business Survey Committee panelists reported that their companies and suppliers continue to struggle to meet increasing demand levels. As we enter the third quarter, all segments of the manufacturing economy are impacted by near record-long raw-material lead times, continued short- ages of critical basic materials, rising commodities prices and difficulties in transporting products. Worker absen- teeism, short-term shutdowns due to parts shortages and difficulties in filling open positions continue to be issues limiting manufacturing-growth potential. “Optimistic panel sentiment remained strong, with 13 positive comments for every cautious comment. Demand expanded, with the (1) New Orders Index growing, sup- ported by continued expansion of the New Export Orders Index, (2) Customers’ Inventories Index remaining at very low levels and (3) Backlog of Orders Index staying at a very high level. Consumption (measured by the Production and Employment indexes) improved in the period, posting a combined 0.6-percentage point increase to the Manufac- turing PMI calculation. “The Employment Index returned to expansion after one month of contraction; panelists continued to note sig- nificant difficulties in attracting and retaining labor at their companies’ and suppliers’ facilities, although there were signs of improvement. Inputs — expressed as supplier de- liveries, inventories, and imports — continued to support input-driven constraints to production expansion, at slow- er rates compared to June as the Supplier Deliveries Index softened while the Inventories Index contracted, likely due to long lead times. The Prices Index expanded for the 14th consecutive month, indicating continued supplier pricing power and scarcity of supply chain goods. “All of the six biggest manufacturing industries — Com- puter & Electronic Products; Fabricated Metal Products; Chemical Products; Food, Beverage & Tobacco Products; Transportation Equipment; and Petroleum & Coal Prod- ucts, in that order — registered moderate to strong growth in July. “Manufacturing performed well for the 14th straight month, with demand, consumption and inputs registering growth compared to June. Panelists’ companies and their supply chains continue to struggle to respond to strong demand due to difficulties in hiring and retaining direct la- bor. Comments indicate slight improvements in labor and supplier deliveries offset by continued problems in the
SAUER SYSTEM www.sauersystem.com
Sauer provides intelligent solutions for scoring, slitting, slit-scoring, and perforating on corrugators and floor slitters; and glue tab cutting, creasing, slotting, trimming and scrap chopping on presses. New, featured offerings include FRX Adjustable Folding Rail System and G3 Scoring System: the latest proven creasing technology on the market.
STAFFORD GROUP www.go2stafford.com
Interactive website for Stafford Corrugated Products and Stafford Cutting Dies. Featuring online ordering of replace- ment parts. Also, visitors can automatically calculate sheet size for most die-cut standards.
SUN AUTOMATION GROUP ® www.sunautomation.com
SUN Automation Group® is the global leader in providing innovative solutions to the corrugated industry. SUN engi- neers and builds the SUN625 Rotary Die Cutter, provides sales, service and support in North and Central America for Latitude Machinery Corporation, manufacturer of Mini to Jumbo FFG and RDCs. Additionally, SUN is the North Amer- ican, United Kingdom and Ireland sales and service provid- er for Para Machinery’s line of equipment, which includes prefeeders, stackers, palletizers, and other material han- dling equipment, and is the North American sales provider for Highcon, the leader in digital laser die cutting. SUN also powers the corrugated industry’s premier IIoT platform, He- lios, and is the OEM source for Langston/Staley equipment parts and service. SUN is headquartered near Baltimore, MD, and has service centers throughout the globe. THACKER INDUSTRIAL SERVICE COMPANY www.thackerindustrial.com Specializing in corrugated machinery, TISCO offers quali- ty-made products, support services, and more. TISCO has established a reputation of dependability, not only in the product, but in continued service support. With more than 25 years of experience, TISCO installs equipment and ma- chinery, moves or sets up entire plants, rewires and rebuilds - all over the world. TISCO maintains a full fleet of trucks and equipment to perform to your requirements, anywhere, anytime. VT GROUP www.vtgrouponl ine.com VT offers prepress services for the POP display and corru- gated shipping container industry including graphic design, optimized digitally imaged printing plates and innovative pre-mounting solutions. Our large-format digital printing fa- cility (Digital Impact) is a leading short-run manufacturer of distinctive POP displays and signage where litho-like graph- ics are preferred.
94
www.boardconvertingnews.com
August 9, 2021
Made with FlippingBook Digital Publishing Software