IN THE NEWS with Fastener News Desk the Week of July 24, 2023

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IN THE NEWS with Fastener News Desk the Week of July 24, 2023

Here’s what’s happening in fastener industry news, acquisitions, scholarship opportunities and upcoming events the week of July 24, 2023.

Watch now on YouTube @FastenerTV: (12:30)


The looming possibility of a UPS strike is of deep concern to the nation’s supply chain professionals…according to a new analysis by the consulting firm Anderson Economic Group (AEG) A 10-day UPS strike could cost the US economy more than $7B, with $4B in losses for consumers & small businesses. A threatened strike by 340,000 members of the Teamsters union against UPS could become one of the costliest in a century, with only a fraction of impacted deliveries being filled by FedEx, USPS, other carriers, or direct delivery.  Read full report: 

Potential UPS Strike Could Be Costliest in a Century


Monroe Engineering known as ONE MONROE has completed the acquisition of Electronic Fasteners of Canton, MA. The news release stated that combined strength of Electronic Fasteners and OneMonroe will lead to better customer service, expanded product offerings, deeper supplier partnerships, a broader supply chain, and added growth for OneMonroe, Electronic Fasteners, and valued customers and suppliers. Read full release:

Monroe Engineering Acquires Electronic Fasteners


The St. Louis Federal Reserve Producer Price Index for the Commodity: Bolts, Nuts, Screws, Rivets, and Washers registered 305.819 for June, continuing in an upward trend vs the May reading of 303.985. Do You Know What the acronym FRED stands for? It’s short for Federal Reserve Economic Data, FRED is an online database consisting of hundreds of thousands of economic data time series from scores of national, international, public, and private sources. FRED is created and maintained by the Research Department at the Federal Reserve Bank of St. Louis. https://fred.stlouisfed.org/graph/?g=17gbv


Martin Inc., one of the nation’s leading providers of custom-tailored solutions for maintenance, repair, operation, and production supplies, welcomes Scott Feldbush as Executive Vice President, IT and Operations. In this crucial role, Scott will be responsible for spearheading the company’s technological advancements, streamlining operations, and driving the achievement of business objectives. Scott brings a wealth of experience in IT leadership, with a proven track record spanning over 30 years. His expertise encompasses a wide range of technology domains, including strategy development, Cloud computing, data analytics, ERP systems, artificial intelligence, and Agile methodologies. 

Martin Inc. Welcomes Scott Feldbush, Executive Vice President, IT and Operations


Wurth Additive Announced that their “3D Printers in the Wild” tour will begin at their new home base in Greenwood, IN. You’re invited to join them on August 9th, 2023, from 3:00 to 6:00 PM. Their mission is to demystify industrial 3D printing. Attendees will discover various types of 3D Printers and explore different materials from filament, and composite materials, to resin printers, and metal powder-based systems and examine Digital Inventory solutions and their operational benefits. To get all the upcoming tour dates visit: https://wurthadditive.com/

Register to attend: https://www.linkedin.com/events/3dprintersinthewildtour-greenwo7087115699566845955/comments/


ZAGO

ZAGO Manufacturing Co., New Jersey-based manufacturer of sustainable sealing fasteners and components, proudly announced achieving certification as a Women Business Enterprise (WBE). The WBE certification is important. It opens doors to new opportunities in government and the private sector where supplier diversity is a priority. Find out more about Zago’s products at ZAGO.com


SPONSOR: Next generation advanced planning and scheduling is here! Optessa’s AI-driven optimization ushers in a new way for manufacturers to generate optimal plans and schedules in a fraction of the time. Respond to disruptions, meet delivery dates, reduce excessive parts inventory, eliminate costly idle time, and stabilize your supply chain. Request a live demo of Optessa’s NextGen APS platform today!  Visit https://www.optessa.com/ for more information! 


Southwestern Fastener Association

2023 Southwestern Fastener Conference & Expo gets underway this Tuesday, July 25th – Thursday July 27th | Houston, TX Attendees will experience a site visit to Houston Fastener Manufacturing, a night at the ballpark as the Houston Astros take on the Texas Rangers, association conference, keynote speaker, industry table-top expo, lots of networking and a lively Round Table discussion with the SFA board to wrap it all up. To register and get more info go to: https://www.southwesternfastener.org/


SPONSOR: Registration is open for the 2023 International Fastener Expo at Mandalay Bay in Las Vegas from October 9-11, 2023. Step into the future of fasteners, machinery, and industrial products at the most anticipated event of the year! The International Fastener Expo (IFE) is the ultimate business-to-business expo for all things fasteners…As the largest fastener event in North America for more than 40 years, IFE caters to every level of the supply chain, making it the go-to event for fastener industry professionals. Attendees can participate in special events like the IFE Annual Golf Tournament, the Welcome Reception Party, Keynote Speaker, informative sessions on the show floor. And the prestigious Fastener’s Hall of Fame & Young Fastener Professional Award Ceremony, where industry excellence is celebrated. Register now Use promo code FND50 to save $50.00 on registration. Go to FastenerShows.com  


ATTN: Women in the Fastener Industry! WIFI honors the memory of Edith Cameron, a pioneer in the fastener industry for 55 years with a scholarship to attend the International Fastener Expo in Las Vegas this October. Edith was an industry trailblazer and was the first woman to be inducted into the Fastener Hall of Fame in 1993. She encouraged many women to excel in the fastener business. Submission deadline for the applications is: August 11, 2023. Go to https://www.fastenerwomen.com/scholarships for more info.


Mid-West Fastener Association

The MWFA Is accepting applications for their 2023 Education Scholarships. This is a great opportunity you won’t want to miss out on! If you qualify, you could receive significant financial support to pursue your educational dreams. Multiple scholarships will be awarded, with a minimum award of $1,500.

The scholarships will be awarded at the November MWFA meeting. The application deadline is September 1st. For details and application go to https://mwfa.net/

DOWNLOAD MWFA SCHOLARSHIP APPLICATION: https://www.mwfa.net/pdf/scholarship-application-new.pdf


Registration is OPEN for MWFA FSTNR Week which will take place in Chicago August 20-24, 2023!

Members and attendees will experience:

  • A Bed Build event at Abbott Interfast to support the Sleep in Heavenly Peace organization,
  • MWFA Member Plant Tours
  • Print Reading Seminar
  • the 41st MWFA Fastener Show
  • Retro 80’s Fastener Bash
  • MWFA 70TH Golf Outing & Mixer.
  • For all the details and to register go to www.mwfa.net

Registration form: https://mwfa.net/pdf/2023/exhibitors.pdf


The Fastener Training Institute Announced Fastener Training Week will be held in Chicago on August 21st-25th, coinciding with the Mid-West Faster Association’s FSTNR Week! The Fastener Training Institute and the Industrial Fasteners Institute (IFI) continue their partnership to present Fastener Training Week — five intensive days of education and plant tours as part of the acclaimed FTI Certified Fastener Specialist™ (CFS) advanced technical training program. After completing this invaluable industry training in a small group environment and passing a final exam, attendees are eligible for the CFS designation. For more info go to: https://fastenertrainingevents.com/fastener-training-chicago.htm 


Join the Fastener Training Institute for an all-day training program on Monday, October 9th, at the International Fastener Expo! Fastener Fundamentals, The Nuts and Bolts for Fastener Professionals, will offer the best of the Fastener Basics Training and Certified Fastener Specialist™ Training programs. The one-day class will bring the basics of fasteners and beyond to industry professionals. Take advantage of early bird pricing through October 7, 2023. Register now: https://fastenershows.com/fti-class/


SPONSOR: Tee off with fastener industry leaders and fellow enthusiasts at the highly anticipated annual International Fastener Expo Golf Tournament. This premier event provides an excellent opportunity to network, build relationships, and have a fantastic time on the greens. Whether you’re a seasoned golfer or just starting, this tournament promises a day of camaraderie, friendly competition, and unforgettable memories. Mark your calendars and practice your swing because this is an event you won’t want to miss! The tournament will take place on Monday, October 9th at the Bali Hai Golf Club. The IFE Golf Tournament presents an array of sponsorship opportunities designed to put your brand at the forefront. By sponsoring different aspects of the tournament, you can ensure maximum visibility to your target audience. Go to FastenerShows.com for registration and sponsorship opportunities!


Hey there! We have 4 million manufacturing jobs to fill by 2030! Let’s work together and inspire the next generation of manufacturers by hosting a #MFGDay23 event! So Save the Date: Friday, October 6th for Manufacturing Day 2023. Celebrated nationally on the first Friday in October and throughout the month. MFG Day is manufacturing’s biggest annual opportunity to inspire the next generation, positively shift perceptions about our industry, and build the foundation for the manufacturing workforce of the future. Resources and toolkits available: https://mfgday.com/resources/


Registration is now open for the Industrial Supply Association’s (ISA) highly anticipated Fall Summit, the channel’s premier professional development experience. Taking place from October 18 – 20, 2023 in Orlando, FL, this year’s Fall Summit offers attendees tailored agendas with three tracks: Women in Industry, Emerging Leaders, and Channel Pros. Packed with engaging sessions, interactive breakouts, and exciting networking activities, the Fall Summit is designed to captivate and empower professionals, unlocking their full potential for career growth. For registration and details go to  https://www.isapartners.org/


  • The stories featured in this week’s episode of IN THE NEWS can be found in our (X) feed @FastenerNew and on LinkedIn in the Fastener News Group!

    If you would like to share your company’s news or events contact me, lisa@fastenernewsdesk.com.  Thanks for tuning in to this week’s episode of ‘IN THE NEWS’ with Fastener News Desk. Until next week, be well and keep it fastenating.


    Do you work in the Fastener Industry? Sign up for the free FND newsletter designed to keep busy fastener professionals like you up-to-speed on “All things FASTENATING”!



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