Prepare Your Job Shop for the Future of Cybersecurity

 

American job shops are under siege from cyber-attacks. Every day, phishing and ransomware attacks are disrupting operations at large and small manufacturers. To protect our country’s military advantages, the Department of Defense is rolling out the Cybersecurity Maturity Model Certification (CMMC) to improve the security posture of the defense industrial base. In this webinar, Scott Sawyer, Co-Founder and Chief Technology Officer of Paperless Parts, demystifies these trends and prepare your shop to meet even the hardest CMMC requirements.

 

VIEW PAPERLESS PARTS CYBERSECURITY WEBINAR HERE

 

ITR Economics Report for PMPA – February 2021

 

Transition to Recovery Phase – Optimism in the Numbers

Optimism is the watchword as our precision machining industry transitions from recession to recovery in the business cycle.  As the economy recovers, a return of inflation in the equipment and materials  sectors can be expected.  Don’t overweight the rare pessimistic indictors that you may encounter – there is plenty of evidence for business optimism in the indicators in this report.  As your capacity fills, make sure that it is filling with the right mix for your profitability.

 

Read the full February 2021 report below, as prepared especially for PMPA by ITR Economics.

 

The Institute for Trend Research (ITR) quarterly reports focus on major areas of economic growth and decline in key market segments for the Precision Machined Products Industry. They are provided to PMPA members as part of the association’s overall business intelligence program and are used as a management tool to help PMPA members plan for what lies ahead and which markets they should focus on in a complex manufacturing environment.

 

ITR ECONOMICS REPORT FOR PMPA – FEBRUARY 2021

 

PMPA Business Trends December 2020

 

Despite the consequences of various lockdowns and consequences of government orders regarding the COVID-19 pandemic beginning in March of 2020, the precision machining industry has fared much better than expected, finishing the year down just 4% from the five-year average and down 10.5% from 2019.

Our numbers have outperformed the Fed IP and Manufacturing indicators throughout the recovery. The numbers show that our precision machining shops are in fact “Essential Manufacturing!” Strong positive outlook for the months ahead.

 

PMPA BUSINESS TRENDS DECEMBER 2020