Plastics is one of the most massive manufacturing industries in the US. According to Bonnie Limbach, chief communications officer with The Society of the Plastics Industry (SPI), “The industry accounts for more than $330 billion dollars in annual shipments with another $89.5 billion generated by upstream, supplying industries, bringing the total annual shipments to nearly $421 billion. Nationally, the plastics industry employed more than 1.5 million workers in 2000. Another 843,300 persons were employed by upstream suppliers of the plastics industry, bringing the employment impact to nearly 2.4 million – about 2 percent of the U.S. workforce.” It does not seem that economic downturn or global recession will severely diminish consumer and OEM demand for plastics in all shapes, sizes and formats. [Read more…]
According to Wikipedia “Lean manufacturing, lean enterprise, or lean production, often simply, ‘Lean,’ is a production practice that considers the expenditure of resources for any goal other than the creation of value for the end customer to be wasteful, and thus a target for elimination. Working from the perspective of the customer who consumes a product or service, ‘value’ is defined as any action or process that a customer would be willing to pay for.”
Over the past several months we’ve researched trends and movements surrounding lean manufacturing and put some of what we found together in today’s infographic.