News and Analysis
As noted in the OMA’s “Ohio Manufacturing Counts” publication, automobile and auto-parts makers are among the drivers of Ohio’s economy. So it’s good to see the new United States-Mexico-Canada Agreement (USMCA) — approved last week by the U.S. Senate — is estimated to produce at least 76,000 additional jobs in the auto and auto-parts manufacturing sector over the next five years, according the U.S. Trade Representative’s office.
The OMA thanks Ohio’s U.S. Sens. Rob Portman and Sherrod Brown for voting to approve the USMCA, as well as Ohio’s U.S. House members who voted to support the modernization of America’s largest trade agreement. 1/21/2020
A new report by the U.S. Bureau of Labor Statistics shows that from 2018 to 2019, consumer prices for all items rose 2.3%. Among the categories showing a price decline were wholesale electricity and utility (piped) gas service. Among the products or services exceeding the inflation average were medical care, prescription drugs, and hospital services. 1/21/2020
Next week, Ohio lawmakers return to Columbus, kicking off both chambers’ floor activity. This marks the second and final year of the 133rd General Assembly.
So far, the House and Senate together have introduced more than 700 bills. The OMA is tracking more than 100 of these measures due to their potential impact on manufacturers. OMA’s bill tracking service provides concise summaries and a status update on notable legislation. Bills are categorized by interest area. 1/15/2020
The new year offers some headwinds for manufacturers. But there are also multiple prospects for sustainability and growth. Check out this analysis from OMA Connections Partner RSM on the key trends facing manufacturing in 2020. 1/13/2020
What does successful supply chain management look like?
OMA Connections Partner Clark Schaefer Hackett has published tips for optimizing your supply chain and keeping your customers happy. 1/14/2020
A buy-sell agreement — which formally documents the terms related to a business’ transfer of ownership interests — is one way to help ensure a successful business transition to protect your family in the event of premature death or disability. OMA Connections Partner Plante & Moran has published this summary on how these agreements work and why they’re important. 1/15/2020
The Manufacturing Policy Initiative at Indiana University has published this comparison of the major presidential candidates and where they stand on key manufacturing issues. The publication will be updated throughout the 2020 campaign. 1/14/2020
A new Gallup survey finds 37% of Americans consider themselves conservative, followed by 35% who identify as moderates, and 24% as liberals. Gallup also found that slightly more Americans align with Democrats (47%) than with Republicans (42%). So it appears there’s still middle ground in America. 1/13/2019
There’s some positive news for Ohio’s smaller and mid-sized manufacturing communities in a report by the Greater Ohio Policy Center. The organization’s research shows the state’s “legacy cities” — industrial cities with populations greater than 20,000 in or near metro areas — are losing population at a much slower rate than during the six-year period following the Great Recession. At the same time, these cities have experienced less unemployment and poverty, and higher per-capita incomes. 1/13/2020
This week, Texas state government said it experienced a spike in attempted cyberattacks from Iran on its agency networks at the rate of about 10,000 per minute. Meanwhile, the U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency issued an alert calling for increased vigilance.
All of this comes after a report by IBM researchers that found cyberattacks had doubled in the first half of 2019. Half of those attacks were on manufacturers.
To help defend against cyber threats, review this checklist from OMA Connections Partner Clark Schaefer Hackett, as well as this analysis from Connections Partner RSM. If you haven’t already done so, check out the OMA’s recently recorded cybersecurity webinar presented by GBQ Partners. 1/8/2020