INSIGHTS: SPRING 2019 — CASE STUDY: Global Defense, Inc.

COMPANY   Global Defense fabricates, sources, and manufactures spare parts and assemblies for power train, exhaust, cooling, fuel, hydraulic, and other systems on all types of military vehicles. Situation   A significant portion of Global Defense’s current business is with the U.S. government, specifically the Department of Defense. The company’s longer-term goal is to gain

INSIGHTS: SPRING 2019 — RECENT PROJECTS

A SAMPLE OF PROJECTS THAT INSYTE RECENTLY CONCLUDED WITH WNY COMPANIES: Facilitated the development of a written strategic plan formalizing the strategic direction, including balanced strategic goals and executable strategies, for a regional engineering firm under new ownership. Completed an innovation audit to assess the current state of a Buffalo medical products manufacturer and to

INSIGHTS: SPRING 2019 — PRESIDENT’S MESSAGE

By Ben Rand For manufacturers, each new year signals the start of new initiatives and programs designed to increase competitiveness and profitability. It’s no different for Western New York manufacturers. But what is different in our region is powerful, private-sector support in the form of some of the most effective and flexible grant programs anywhere.

National Manufacturing Softened in April

The Institute for Supply Management released its closely watched PMI reading for last month indicating that U.S. manufacturing softened across the board.  The 52.8 reading, down 2.5 points from March, was reportedly below expectations of 55.0, although it still indicated growth in manufacturing (a reading above 50 indicates expansion).  New Orders, Production, Employment, New Export

Peerless Inc. Successfully Completes ISO 9001:2015 Certification

Congratulations to Buffalo, NY manufacturer Peerless Inc. on achieving their certification to the ISO 9001:2015 standard. Peerless Inc. is involved in the distribution, fabrication, and machining of components supplied to various industries both locally and globally. Founded in 1914, Peerless has been run by the McKendry family for four generations and has been recognized as a “Fast Track”

NYS Manufacturers’ Confidence Plummets

The Federal Reserve Bank of NY’s April 2019 Empire State Manufacturing Survey showed a slight improvement of 6.4 points indicating very modest expansion.  However, confidence in the future, as reflected by the six-month forward outlook, dropped -17.2 points to 12.4, its lowest level in over three years and its largest drop since April 2018.  At

Welcome to Our New Neighbors!

  The Albright-Knox Art Gallery is joining us at Northland!  Insyte is moving there in July of this year.  The Albright-Knox will temporarily move some of its exhibits and programming there early next year for 2 years while their Elmwood Avenue home is undergoing a planned-for renovation and expansion. Please stop by and visit both

Workshop: Succession Planning for Small & Medium-Sized Manufacturers – May 15th

WORKSHOP SUCCESSION PLANNING FOR SMALL & MEDIUM-SIZED MANUFACTURERS Practical and interactive workshop in which participants will learn about and develop an initial transition and succession plan for their business. Wednesday, May 15th – 10:00 AM-2:00 PM (9:30 AM Check in) LOCATION Manufacturers Association of the Southern Tier (MAST) 512 Falconer Street, Jamestown, NY 14701 COST $50 per

Ernest “Fritz” Hollings, Former Senator and Champion of MEP

Fritz Hollings, former South Carolina Senator and Governor and the father of the Federal Hollings Manufacturing Extension Partnership (MEP), passed away last week at 97.  The Senator could count many accomplishments in his long career of service, but manufacturers in WNY and around the country may know him best for his role in founding MEP

National Manufacturing Zigzags

The Institute for Supply Management’s widely-watched PMI Index was up 1.1 points to 55.3 for March, indicated a slight expansion in manufacturing activity nationwide.  March was still the third weakest monthly reading in the last year, with all three coming in the last four months.  New Orders were up 1.9 points to 57.4, Production was