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Labor shortage hurts auto suppliers
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Suppliers that dipped in 2020 now held back by labor
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Supply base set for comeback dogged by labor needs
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North American manufacturing rebounding from a challenging 2020, survey shows
Twenty-five per cent of the plastics processors and moldmakers surveyed broke even or lost money in 2020. April 28, 2021 Canadian Plastics
Despite a very difficult 2020, North American plastics manufacturers and moldmakers are optimistic overall for 2021, a new survey has found.
Conducted by Michigan-based consulting firm Harbour Results Inc. (HRI), the “Q1 2021 Harbour IQ Manufacturing Pulse Study” found that 25% of small- to medium-sized manufacturers that responded say they would have broken even or lost money without government funds (Paycheck Protection Program (PPP) or Canada Emergency Wage Subsidy (CEWS)).
Additionally, the survey found that the overall industry is optimistic for 2021, with sentiment reaching 2019 levels of optimism; tool and die utilization rebounded to 80% in Q1 2021 from an all-time low of 63%; and production utilization grew from 39% in Q2 2