The manufacturing industry, being the backbone and one of our major economic pillars, is still struggling to overcome the inertia of constant changes within our economic playing field and global uncertainty.
The published, seasonally adjusted, PMI increased by 2.4 points in November, but still remained below the key 50 mark for the third month in a row. This would suggest further consolidation and conservative strategies within the industry.
With the exception of the inventory component, all of the major PMI subcategories posted a better performance during November.
The business activity increased, however, there are indicators suggesting that manufacturing output is under pressure. New sales orders are up, which indicates that the demand for manufactured goods continues to grow slowly. Input cost pressures continued to mount, and this continues to drive the cost of manufacturing exponentially.
Good news on the job front is that employment figures increased.
Business conditions remain with high levels of inertia, and maximum focus should be given to Human Resource Excellence rigidity, combined with developing cultures of change, as to assist their employees in dealing with continuous change.
Cost management, and excellence at all levels of execution are imperitive. Focusing on the positioning of your brand value should take serious preference over the kinetic activities of your brand.
The Butlers staff hamper/ration pack was specifically developed for the manufacturing industry, offering the following key values.