Manufacturing Industry News
From Industry Week -
The U.S. transportation secretary on Sunday warned that America's supply chain woes including clogged ports will drag into next year, potentially cramping the upcoming holiday shopping season in the world's largest economy.
Pete Buttigieg did the rounds on U.S. political talk shows to stress that President Joe Biden's administration was doing everything it could to alleviate congestion at the country's overloaded ports, railways and roads, and that the government will "re-evaluate all of our options" to relieve the bottlenecks.
But "a lot of the challenges that we have been experiencing this year will continue into next year," the transport chief and former presidential candidate told CNN's "State of the Union" show.
Buttigieg added that the supply side crunch was being exacerbated by extraordinary pent-up demand in the United States.
"Demand is off the charts, retail sales are through the roof," he said, and the country's transportation and shipping infrastructure has been unable to keep up.
Industry Week goes on ...
DOWNERS GROVE – The TMA Supplier Network hosted a relaxing event at TMA member Alter Brewing Company’s Taproom in Downers Grove September 23. It was a great time to meetup with fellow TMA members and learn more about the company’s founders and founding.
More at TMANews.com
SCHAUMBURG – While annual Manufacturing Day company tours are still on hold due to lingering pandemic concerns, TMA launched the #AsktheMakers campaign to stir high school students’ interests in manufacturing careers. The goal is to give students a chance to ask questions of manufacturers and get those questions answers in a fun and concise way – via videos.
More info about how you can help out at www.tmanews.com or write Amanda at firstname.lastname@example.org
SCHAUMBURG – Picking up on its annual volunteer effort, members of TMA gathered September 21 at the non-profit group “Feed My Starving Children” – organized and promoted by TMA’s “Christians in Manufacturing” community.
PHOTO GALLERY HERE:
Among the 40 TMA volunteers putting together nearly 20,000 meals for needy children worldwide was TMA’s new President Patrick Osborne, Executive Vice President Dennis LaComb, past TMA Board Chairman Tom Hacker and his wife Anne.
The TMA Community will host its annual Prayer Breakfast November 5th at the Chandlers Steakhouse in Schaumburg, IL. For more information, see HERE: https://web.tmaillinois.org/events
A survey from the Precision Metalforming Association indicates that many metalforming companies expect lead times to continue increasing in the months ahead. The survey, based on reporting from 114 manufacturing companies that are members of the PMA, reflects conditions as they were reported at the beginning of September.
More at TMANews.com
SCHAUMBURG – Last week, President Biden directed businesses with 100 or more employees to mandate that their employees get vaccinated or be tested weekly for COVID-19. Implementation of the President’s directive will be through an “emergency temporary standard” (ETS) issued by the Department of Labor / OSHA.
Find out what's known and unknown about the directive via the weekly TMA E-News Bulletin HERE:
WOOD DALE IL – Chicago Welding & Fabrication has moved to a new facility in Wood Dale, Illinois that provides double the space of its former location, giving the full-service welding and metal fabrication company much-needed room to grow and to add new equipment, including additional robotic welding systems.
“Our previous facility was becoming crowded as work demand increased,” says the company’s CEO/President Walt Kopp. “That was threatening to restrict our ability to expand services and handle our current customer workload in a timely way. The new facility gives us the space and flexibility that lets us better manage larger projects and higher volumes while continuing to add new services for our customers and turn around projects quickly while performing quality work.”
More at TMANews.com
In late May, TMA members were briefed on manufacturing related actions of the Illinois General Assembly. The update was provided by TMA lobbyist Jay Shattuck, who was joined by Illinois House Minority Leader Jim Durkin.
Just prior to the update, state lawmakers returned home expecting to reconvene to discuss an all-important energy bill expected to include over $600 million in Exelon Corporation subsidies the company says is needed to keep several Exelon nuclear plants from closing.
FY 2022 STATE BUDGET
Controlling party lawmakers chose not to release any information about the proposed FY 2022 State Budget
until 24 hours before the May 31 scheduled adjournment.
The final budget – SB 2800 – was nearly 3100 pages long. Changes that will directly affect TMA members include:
• Restricting the use of corporate net operating losses to $100,000 per year for any taxable year ending on or after December 31, 2021 and prior to December 31, 2024.
• Decoupling from federal tax bonus depreciation (100 percent expensing – Illinois had previously coupled from bonus depreciation of less than 100 percent expensing).
• Eliminating the phase-out of the Franchise Tax
• Requiring an addback for taxable years ending on or after June 30, 2021 of GILTI (the deduction allowed under IRC Section 250(a)(1)(B)(i))) and an amount equal to the deduction allowed under IRC Section 243(e) (certain dividends received from foreign corporations) and IRC Section 245A (deduction for foreign source-portion of dividends received by domestic corporations from specified 10 percent owned foreign corporations).
More on the 2021 Legislative Update
From May/June 2021 TMA News Bulletin
BARTLETT IL – Golf enthusiasts among the Technology and Manufacturing Association network met up on a gorgeous Chicago day August 13th at the Bartlett Golf Course.
More photos of TMA participants HERE:
Special thanks to this year's outing partners and sponsors HERE
WASHINGTON -- Wednesday, the Coalition for a Prosperous America (CPA) applauded the Biden administration for proposing a new rule pursuant to Executive Order (EO) 14005, Ensuring the Future is Made in All of America by All of America’s Workers, which President Joe Biden signed in January. The proposed rule aims to increase American-made content in federal purchases and bolster critical supply chains. The effort builds upon the Biden administration’s efforts to modernize and strengthen implementation of the Buy American Act. With $600 billion in annual procurement spending, nearly half of which is in manufactured products, the Federal government is a major buyer of goods and services, including the single largest purchaser of consumer goods in the world. However, CPA remains concerned about possible future weakening of the content rules by using a “value added” test proposed by those opposing Buy America.
More HERE at TMANews.com