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Here’s what’s happening in fastener industry news and events the week of July 3, 2023.

Watch now on FastenerTV at YouTube: (11:32)

The latest business being celebrated in the Fastener News Desk FASTENATING new series is Birmingham Fastener. In an era dominated by outsourcing, where cost reduction often takes precedence over other factors, the practice of reshoring manufacturing operations is gaining momentum. Recent events, in particular, the Covid-19 pandemic, have exposed the vulnerabilities within the global supply chain, compelling companies to reevaluate their sourcing strategies. Birmingham Fastener, a U.S.-based company committed to producing high-quality fasteners, has embraced reshoring and expanded its operations nationwide. In this article, we explore the advantages of reshoring, the benefits of purchasing domestically made fasteners and the positive impact it has on the U.S. economy. Read full featured article: 

Reshoring Manufacturing: Taking Control of the Supply Chain with Birmingham Fastener

For more information about Birmingham Fastener’s diverse product offerings and services go to https://www.bhamfast.com/

The International Fastener Expo is accepting nominations for the 2023 Fastener Hall of Fame and Young Fastener Professional of the Year prestigious Awards.

The Fastener Hall of Fame recognizes professionals who have made significant and enduring contributions to the industrial fastener industry on a national or global scale. Individuals selected for induction will join other honored industry members.  The Young Fastener Professional of the Year award recognizes and honors a young professional who has made significant contributions to the fastener industry.

The nomination deadline has been extended to 5PM EST on July 6th.

The recipients will be recognized at a special event during the International Fastener Expo and receive a commemorative plaque. Nominate today at https://fastenershows.com/awards-events-page/ife-2023-awards/

Threadheads and Fastenerds check out the NEW episode of Fully Threaded Radio titled ‘Crossroads’ with hosts Eric Dudas and Brian Musker.

In this episode guest Kevin Godin, AFC Industries CEO explains how new tech tools like AI, are already in use within the fastener industry. Get the lowdown on the U-Bolt Blend coffee back story. Find out when hydrogen embrittlement can be reversed. Further commentary on the tanking FDI numbers in May and lots more including the Fastener Training Minute with Carmen Vertullo. Tune in at https://www.fullythreaded.com/

Industrial 3D printing specialist Würth Additive Group has announced its CEO AJ Strandquist has joined a new task force focused on the use of additive manufacturing (AM) technology within the automotive repair industry.

The 3D Printing in Auto Repair Task Force has bold ambitions to revolutionize the automotive collision repair process with 3D printed parts. The goal is to improve the efficiency and effectiveness of automotive repair by allowing collision repair professionals to access replacement parts faster and on-demand, while minimizing inventory, waste and environmental impact. The task force is also said to be exploring the potential for 3D printed custom parts and components that are not currently available through traditional manufacturing methods. Read more:

Würth Additive Group CEO Joins 3D Printing in Auto Repair Task Force

The Industrial Supply Association (ISA) is announced its newly appointed board of directors for the 2023-2024 term. Comprising a diverse group of industry leaders, the board will continue to uphold ISA’s mission of anticipating and serving the needs of its member companies, including Distributors, Manufacturers, and Independent Manufacturer Representatives.

Brendan Breen, President of ISA, expressed his enthusiasm for the newly appointed board, stating, “ISA’s Board of Directors is a dynamic group of volunteer leaders who are deeply committed to the success of our member companies. With their collective expertise and dedication, we are confident in their ability to guide ISA in fulfilling its mission and leading the channel forward.” Read more:

Industrial Supply Association Announces New 2023-2024 Board of Directors

 Registration is open for the 2023 International Fastener Expo at Mandalay Bay in Las Vegas from October 9-11, 2023.

The International Fastener Expo (IFE) is the ultimate business-to-business expo in North America

 for all things fasteners, machinery & tooling, and industrial products. IFE caters to every level of the supply chain, making it the go-to event for industry professionals like you.

So, mark your calendars for October 9-11, 2023, and get ready to immerse yourself in the fastener industry’s premier event. This is your opportunity to network with professionals from around the world, discover the latest innovations, and take your business to new heights.

Register now to secure your spot at the 2023 International Fastener Expo.

Use promo code FND50 to save $50.00 on registration.

2023 Southwestern Fastener Conference & Expo July 25th – 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:

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! 

The Gilchrist Foundation has awarded two scholarships from their 2023 applicants. The scholarships will assist the awardees with their education. Congratulations to Ana Jablonsky of Ramco Specialties and Megan Stover of Ken Forging.. For more information about future scholarship opportunities visit https://gilchristfoundation.com/

ATTN: Women in the Fastener Industry! WIFI honors the memory of Ann Bisgyer Wolz, co-publisher of Fastener Industry News. Ann first worked in the fastener industry during high school for her stepfather, Eric Cohn, at Allied International. She later entered the trade show industry in New York City and returned to fasteners when she and spouse John Wolz acquired Fastener Industry News in 1994 where they shared co-publisher titles.

Don’t miss this amazing opportunity to become a Certified Fastener Specialist with the Fastener Training Institute. Apply for the WIFI Ann Bisgyer Wolz Scholarship today! Submission deadline: July 10, 2023 https://www.fastenerwomen.com/scholarships

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 41^st MWFA Fastener Show
• Retro 80’s Fastener Bash
• MWFA 70^TH 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: FastenerTraining.org

Save the Date: Manufacturing Day 2023 will take place on Friday, October 6^th and throughout the month of October. Celebrated nationally on the first Friday in October, 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.  For more info go to https://mfgday.com/

Join the Fastener Training Institute for an all-day training program at the International Fastener Expo! Fastener Fundamentals, The Nuts and Bolts for Fastener Professionals, will offer the best of our Fastener Basics Training and Certified Fastener Specialist™ Training programs. This one-day class will bring the basics of fasteners and beyond to industry professionals at the International Fastener Expo. It includes the best of Fastener Training Institute’s Fastener Basic Training and Certified Specialist Training programs.  Carmen Vertullo has been teaching Fastener Training Institute programs and many others for over 20 years – and he has taught it all. This class is full of his favorite topics and must-knows for every fastener professional and is interactive with learning exercises, case studies, and valuable take-home resources. Take advantage of early bird pricing through October 7, 2023. Register now: https://fastenertrainingevents.com/fastener-fundamentals.htm

The stories featured in this week’s episode of IN THE NEWS can be found on Fastener News Desk or in our Twitter feed @FastenerNews and LinkedIn in the Fastener News Group!

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

• Subscribe to receive our weekly newsletter:

• Join the LinkedIn Fastener News Group:

• Join the LinkedIn Fastener News Desk page:

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5 Ways to Elevate Your IFE 2023 Experience!

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International Fastener Expo (IFE) at Mandalay Bay in Las Vegas, from October 9-11, 2023

Monday, October 9, 2023 | Bali Hai Golf Club

As the sun rises over the greens, a world of networking possibilities awaits you at the largest B2B expo for fasteners in North America. Beyond the show floor, the IFE Annual Golf Tournament provides a unique opportunity to connect with key buyers, showcase your brand, and ensure maximum visibility to your target audience. Tee off with industry leaders and fellow enthusiasts at the highly anticipated International Fastener Expo Golf Tournament, where camaraderie, friendly competition, and unforgettable memories await.

Network with Key Buyers

At 7:45 AM, as the welcome announcements echo through the air, you’ll find yourself in the company of fastener industry leaders and influential buyers from around the world. The shotgun start at 8:00 AM kicks off a day of networking opportunities like no other. As you navigate the course alongside decision-makers, you have the chance to engage in meaningful conversations, build relationships, and strengthen connections. This relaxed and enjoyable setting allows for organic discussions that can lead to valuable partnerships, collaborations, and new business opportunities.

Sponsorship Opportunities for Maximum Visibility

Beyond the excitement of the game, 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. From logo placement on golf carts and banners to branded merchandise and exclusive networking events, these sponsorships provide a platform to showcase your brand to industry professionals beyond the show floor. Elevate your visibility, increase brand recognition, and establish yourself as a key player in the fastener industry.

Connect in a Relaxed Environment

The boxed lunch delivered on the course, between 10:00 and 11:00 AM, offers a perfect opportunity to connect with fellow participants in a relaxed environment. As you enjoy a delicious meal amidst the scenic beauty of the golf course, you can engage in conversations that go beyond business. These informal interactions foster genuine connections, allowing you to get to know industry professionals on a more personal level. Building relationships on the greens creates a strong foundation for future collaborations and strengthens your network within the fastener industry.

Unleash Your Competitive Spirit

The IFE Golf Tournament is not just about networking; it’s also about embracing the spirit of friendly competition. Whether you’re a seasoned golfer or just starting, this event welcomes participants of all skill levels. Tee off with industry leaders, engage in friendly banter, and showcase your golfing prowess. This shared experience on the course creates a bond, fostering a sense of camaraderie and mutual respect. It’s an opportunity to demonstrate your skills, learn from others, and celebrate achievements together.

Create Unforgettable Memories

The IFE Golf Tournament promises more than just a day on the greens; it guarantees unforgettable memories. The scenic beauty, the friendly competition, the laughter shared, and the stories exchanged all contribute to an experience that extends beyond business. This event allows you to forge lasting connections, strengthen existing relationships, and create memories that will be cherished for years to come. It’s a chance to enjoy a day of golf while building a network that will support your business endeavors well into the future.

Mark your calendars and practice your swing because the 2023 IFE Golf Tournament is an event you won’t want to miss. Tee off with industry leaders, connect with key buyers, and ensure maximum visibility through strategic sponsorships. This premier golf outing offers a unique opportunity to network, build relationships, and create lasting memories in a relaxed and enjoyable environment. As the sun sets on the greens, you’ll walk away with new connections, valuable insights, and a strengthened position in the fastener industry. Embrace this opportunity.

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NEWS PROVIDED BY: Institute for Supply Management  | 03 Jul, 2023

New Orders, Production, Employment and Backlogs Contracting; Supplier Deliveries Faster; Raw Materials Inventories Contracting; Customers’ Inventories Too Low; Prices Decreasing; Exports and Imports Contracting

,  /PRNewswire/ — Economic activity in the manufacturing sector contracted in June for the eighth consecutive month following a 28-month period of growth, say the nation’s supply executives in the latest Manufacturing ISM^® Report On Business^®.

The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management^® (ISM^®) Manufacturing Business Survey Committee:

“The June Manufacturing PMI^® registered 46 percent, 0.9 percentage point lower than the 46.9 percent recorded in May. Regarding the overall economy, this figure indicates a seventh month of contraction after a 30-month period of expansion. The New Orders Index remained in contraction territory at 45.6 percent, 3 percentage points higher than the figure of 42.6 percent recorded in May. The Production Index reading of 46.7 percent is a 4.4-percentage point decrease compared to May’s figure of 51.1 percent. The Prices Index registered 41.8 percent, down 2.4 percentage points compared to the May figure of 44.2 percent. The Backlog of Orders Index registered 38.7 percent, 1.2 percentage points higher than the May reading of 37.5 percent. The Employment Index dropped into contraction, registering 48.1 percent, down 3.3 percentage points from May’s reading of 51.4 percent.

“The Supplier Deliveries Index figure of 45.7 percent is 2.2 percentage points higher than the 43.5 percent recorded in May. This figure, along with the previous seven, is the Supplier Deliveries Index’s lowest reading in since March 2009 (43.2 percent). (Supplier Deliveries is the only ISM^® Report On Business^® index that is inversed; a reading of above 50 percent indicates slower deliveries, which is typical as the economy improves and customer demand increases.)

“The Inventories Index dropped 1.8 percentage points to 44 percent; the May reading was 45.8 percent. The New Export Orders Index reading of 47.3 percent is 2.7 percentage points lower than May’s figure of 50 percent. The Imports Index remained in contraction territory, registering 49.3 percent, 2 percentage points higher than the 47.3 percent reported in May.”

Fiore continues, “The U.S. manufacturing sector shrank again, with the Manufacturing PMI^® losing ground compared to the previous month, indicating a faster rate of contraction. The June composite index reading reflects companies continuing to manage outputs down as softness continues and optimism about the second half of 2023 weakens. Demand eased again, with the (1) New Orders Index contracting but at a slower rate, (2) New Export Orders Index moving into contraction and (3) Backlog of Orders Index remaining at a level not seen since early in the coronavirus pandemic (May 2020). A potential bright spot: The Customers’ Inventories Index dropped into ‘too low’ territory, a positive for future production. Output/Consumption (measured by the Production and Employment indexes) was negative, with a combined 7.7-percentage point downward impact on the Manufacturing PMI^® calculation. Panelists’ companies reduced production and began using layoffs to manage head counts, to a greater extent than in prior months, amid mixed sentiment about when significant growth will return. Inputs — defined as supplier deliveries, inventories, prices and imports — continue to accommodate future demand growth. The Supplier Deliveries Index continued to indicate faster deliveries, and the Inventories Index dropped further into contraction as panelists’ companies try to mitigate inventories exposure. The Prices Index fell further into ‘decreasing’ territory. Manufacturing lead times improved again but remain at elevated levels.

“Of the six biggest manufacturing industries, only one — Transportation Equipment — registered growth in June.

“Demand remains weak, production is slowing due to lack of work, and suppliers have capacity. There are signs of more employment reduction actions in the near term. Seventy-one percent of manufacturing gross domestic product (GDP) contracted in June, down from 76 percent in May. More industries contracted strongly, however, as the share of manufacturing GDP registering a composite PMI^® calculation at or below 45 percent — a good barometer of overall manufacturing weakness — was 44 percent in June, compared to 31 percent in May,” says Fiore.

The four manufacturing industries that reported growth in June are: Printing & Related Support Activities; Nonmetallic Mineral Products; Primary Metals; and Transportation Equipment. The 11 industries reporting contraction in June, in the following order, are: Plastics & Rubber Products; Wood Products; Textile Mills; Chemical Products; Miscellaneous Manufacturing; Electrical Equipment, Appliances & Components; Computer & Electronic Products; Paper Products; Fabricated Metal Products; Food, Beverage & Tobacco Products; and Machinery.

WHAT RESPONDENTS ARE SAYING

• “The slowing U.S. economy is causing the business forecast to be revised/reduced for the remainder of 2023. Customers are less inclined to purchase far in advance.” [Computer & Electronic Products]
• “Customer orders have definitely slowed down. Our company thought the second half of 2023 would be better than the first half, but this doesn’t seem to be the case.” [Chemical Products]
• “There were concerns that second-quarter sales were going to decrease and result in inventory levels rising; however, demand has remained stable so far. Projecting total end-of-year sales to be about where we were last year.” [Transportation Equipment]
• “There is an elevated level of capital project review as recession concerns loom. While not delayed, spending and planning are being managed and prioritized.” [Food, Beverage & Tobacco Products]
• “Markets are stabilizing in the second quarter of 2023 and appear to be trending downward for most commodity chemicals; however, demand versus supply has shifted to customers’ favor.” [Petroleum & Coal Products]
• “Orders and business are steady with a healthy backlog, but new prospective orders seem to be getting pushed back into 2024.” [Machinery]
• “North American demand stabilizing, but European markets showing slowing in the second half of 2023 and 2024.” [Fabricated Metal Products]
• “Here we are almost halfway through the year, and while things are challenging, we may be doing all right.” [Nonmetallic Mineral Products]
• “Input costs for materials continue to decline. Demand is trending to about 2019 levels, accounting for inflation. The COVID-driven demand has moderated.” [Paper Products]
• “Maintaining a strong order backlog. Continue to struggle with hiring hourly factory workers and finding qualified management candidates — higher turnover than desired. Pricing has stabilized, but labor costs remain high.” [Primary Metals]

Read full release:  Manufacturing ISM^® Report On Business^®

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THE 2023 STATE OF B2B ECOMMERCE REPORT

LEARN WHAT MATTERS FOR TODAY’S B2B ECOMMERCE PRACTITIONERS

MasterB2B surveyed B2B eCommerce practitioners and B2B eCommerce buyers to learn what customers expect from a digital buying experience and where manufacturers and distributors are investing to meet those needs.

KEY QUESTIONS ANSWERED IN THE REPORT:

• Are B2B sellers offering a digital experience that matches buyer expectations?
• Where are practitioners investing their technology dollars this year?
• Which marketing tactics are most effective?
• Will investment in AI tools happen this year?

DOWNLOAD REPORT FOR FREE TODAY

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Industrial 3D printing specialist Würth Additive Group has announced its CEO AJ Strandquist has joined new task force focused on the use of additive manufacturing (AM) technology within the automotive repair industry.

The 3D Printing in Auto Repair Task Force has bold ambitions to revolutionise the automotive collision repair process with 3D printed parts. The goal is to improve the efficiency and effectiveness of automotive repair by allowing collision repair professionals to access replacement parts faster and on-demand, while minimising inventory, waste and environmental impact. The task force is also said to be exploring the potential for to 3D print custom parts and components that are not currently available through traditional manufacturing methods. Würth Additive aims to support the initiative with parts printed via its advanced digital inventory management program DIS3DP.

The task force was initially launched in April this year by AM veteran Harold Sears and is thought to be an industry first. Sears, who has spent more than three decades working with rapid prototyping and AM technologies, was formerly Technical Leader of Ford’s Additive Manufacturing Technologies and led the integration of 3D printing technologies into Ford’s manufacturing environment. Most recently, he was appointed Additive Manufacturing Senior Advisor for IperionX, a developer of low carbon titanium for advanced industries, including electric vehicles and 3D printing.

When the initiative was first announced, Sears commented: “By exploring the use of 3D printing in repair work, we can find new and innovative ways to improve services and offer more efficient and cost-effective solutions to parts supply and collision repair businesses.”

Strandquist’s involvement was announced during the International Bodyshop Industry Symposium (IBIS) Global Summit 2023 in Italy this week. Strandquist described his enthusiasm for the “groundbreaking initiatives of this task force and for the future collaboration of this thought leadership.”

Strandquist said: “I appreciate the Würth organization for supporting the vision of digital infrastructure, and Würth Additive’s unwavering commitment to these efforts. I look forward to working with my new colleagues on the task force to take the next steps in implementing additive manufacturing best practices, integrating digital inventory management solutions, and helping to shape the transformation of the automotive repair industry through the innovations of 3D printing.”

Source: TCT 

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Manufacturers’ Outlook Survey: Second Quarter 2023

The National Association of Manufacturers Q2 2023 Manufacturers’ Outlook Survey shows manufacturers’ mounting concerns over the onslaught of unbalanced federal regulations and the threat that poses to sustaining manufacturing investment, job creation and wage growth. The NAM conducted the survey from May 18 to June 1, 2023.

Key Findings:

• Only 67% of manufacturers are positive about their own company’s outlook. This is down from 74.7% in Q1, making it the lowest since Q3 2020, and before the pandemic, the lowest since Q3 2019.
• If the regulatory burden on manufacturers decreased, 65% of manufacturers would purchase more capital equipment, and more than 46% would increase compensation.
• More than 63% of manufacturers report spending more than 2,000 hours per year complying with federal regulations.
• If Congress were to enact comprehensive permitting reform, simplifying and speeding up the approval process for new projects, 75.1% of manufacturers say it would be helpful, allowing their company to hire more workers, expand business and/or increase wages and benefits.
• The top challenges facing manufacturers include attracting and retaining a quality workforce (74.4%), weaker domestic economy (55.7%), rising health care/insurance costs (53.1%), unfavorable business climate (52.1%), increased raw material costs (50.8%) and supply chain challenges (44.9%).

Read the full NAM Manufacturers’ Outlook Survey: Second Quarter 2023 below:

Manufacturers_Outlook_Survey_Q2_June_2023

Source: National Association of Manufacturers

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Here’s what’s happening in the fastener industry the week of June 26, 2023.

Watch now on FastenerTV at YouTube:   (10:46)

Fastener Industry Acquisition News:

MW Components, a leading provider of precision components, has acquired Western Wire Products Company, a wire forming leader with a diverse product line. MW Components already has a strong presence in the spring and wire form industry through existing manufacturing specialists including Century Spring, Fox Valley Spring, Maryland Precision Spring, and over a dozen other locations known for their high-quality, precision metal components. The combined companies will offer an increased selection of stock, standard, and custom wire forms including cotter pins, hitch pins, and spring pins along with a wide array of highly engineered precision metal components.

MW Components Acquires Western Wire Products

NetPlus Alliance distributor members remain optimistic about 2023 revenue, despite talent challenges and lingering inventory obstacles, according to the latest NetPlus Alliance Industry Outlook, a quarterly report based on a survey of NetPlus members. 88% of Distributor Members Anticipate Sales Growth in 2023 up from 77% in the Q1 Industry Outlook report.

NetPlus Alliance Distributor Members Anticipate Sales Growth

 The Mid-West Fastener Association Board of Directors announced the appointment of Francesca Lewis, as the new Executive Director, effective July 1, 2023. Francesca’s exemplary communication and leadership skills will assist in the continued growth and success of the Association. Outgoing (retirement) MWFA Executive Director Nancy Rich who is set to retire at the end of the year, said “I’m looking forward to working with Francesca as she prepares to lead the MWFA while continuing its great legacy. Nancy Rich will continue to work alongside Francesca for the remainder of 2023 as interim Executive Director and will thereafter to ensure a smooth transition of leadership.

Mid-West Fastener Association Names Francesca Lewis, Executive Director

Registration is open for the 2023 International Fastener Expo at Mandalay Bay in Las Vegas from October 9-11, 2023.

The International Fastener Expo (IFE) is the ultimate business-to-business expo for all things fasteners, machinery & tooling, and industrial products in North America. IFE caters to every level of the supply chain, making it the go-to event for industry professionals like you.

So, mark your calendars for October 9-11, 2023, and get ready to immerse yourself in the fastener industry’s premier event.

Register now to secure your spot at the 2023 Fastener Expo. This is your opportunity to network with professionals from around the world, discover the latest innovations, and take your business to new heights. Use promo code FND50 to save $50.00 on registration.

Register today at

The electronics engineering team at Valley Forge & Bolt Mfg. Co. have completed the first iteration of their SPC4® Data Logger app. This milestone is a critical move in the company’s continued advancements in technology to provide a broader range of load indicating solutions. This application, paired with the SPC4® 406A Electronic Meter, is a user-friendly solution for monitoring fastener load in environments that require a Bluetooth connection. After a simple set up and calibration, users can configure the app with their specific equipment and site details to monitor target clamp load during both fastener installations and routine inspection. This improved load monitoring method allows end users to pinpoint problems, optimize installation time, reduce downtime, and share data with key stakeholders at any time. 

Valley Forge & Bolt Launches Android Application Accessory

2023 Southwestern Fastener Conference & Expo July 25th – 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/

The International Fastener Expo is accepting nominations for the 2023 Fastener Hall of Fame and Young Fastener Professional of the Year prestigious Awards.

The Fastener Hall of Fame recognizes professionals who have made significant and enduring contributions to the industrial fastener industry on a national or global scale. Individuals selected for induction will join other honored industry members, including but not limited to inventors, business leaders, and educators.  The Young Fastener Professional of the Year award recognizes and honors a young professional who has made significant contributions to the fastener industry.

The recipients will be recognized at a special event during the International Fastener Expo and receive a commemorative plaque. The deadline for nominations has been extended to June 30th! Nominate today at FastenerShows.com: https://fastenershows.com/awards-events-page/ife-2023-awards/

Register today at FastenerShows.com!

USE PROMO CODE: FND50 and Save $50.00 on registration.

ATTN: Women in the Fastener Industry! WIFI honors the memory of Ann Bisgyer Wolz, co-publisher of Fastener Industry News. Ann first worked in the fastener industry during high school for her stepfather, Eric Cohn, at Allied International. She later entered the trade show industry in New York City and returned to fasteners when she and spouse John Wolz acquired Fastener Industry News in 1994 where they shared co-publisher titles.

Don’t miss this amazing opportunity to become a Certified Fastener Specialist with the Fastener Training Institute. Apply for the WIFI Ann Bisgyer Wolz Scholarship today! Submission deadline: July 10, 2023 https://www.fastenerwomen.com/scholarships

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! 

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 41^st MWFA Fastener Show
• Retro 80’s Fastener Bash
• MWFA 70^TH 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: FastenerTraining.org

Save the Date: Manufacturing Day 2023 will take place on Friday, October 6^th and throughout the month of October. Celebrated nationally on the first Friday in October, 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. Join the Manufacturing Institute on June 29^th for a webinar: “Get the Word Out”. The webinar will provide valuable information to help organizations plan and prepare for MFG Day 2023. For more info go to MFGDay.com

The stories featured in this week’s episode of IN THE NEWS can be found on Fastener News Desk or in our Twitter feed @FastenerNews and LinkedIn in the Fastener News Group!

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

1) Subscribe to receive our weekly newsletter:

2) Join the LinkedIn Fastener News Group:

3) Join the LinkedIn Fastener News Desk page:

Thanks for tuning in!

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FASTENATING NEWS SERIES: “Celebrating Your Success”

In an era dominated by outsourcing, where cost reduction often takes precedence over other factors, the practice of reshoring manufacturing operations is gaining momentum. Recent events, particularly the Covid-19 pandemic, have exposed the vulnerabilities within the global supply chain, compelling companies to reevaluate their sourcing strategies. Birmingham Fastener, a U.S.-based company committed to producing high-quality fasteners, has embraced reshoring and expanded its operations nationwide. In this article, we explore the advantages of reshoring, the benefits of purchasing domestically made fasteners from Birmingham Fastener, and the positive impact it has on the U.S. economy.

• Reducing Disruptions and Ensuring Access: By bringing manufacturing operations back to the United States, companies like Birmingham Fastener help mitigate possible risk of disruptions in the supply chain. When operations are located domestically, they can maintain access to necessary materials and components. This advantage not only enhances operational efficiency but also reduces lead times, allowing companies to respond more effectively to the ever changing demands of the market.

• Assuring Quality and Safety: Birmingham Fastener understands the importance of strict regulations and safety standards. By manufacturing domestically, they can comply with these standards and guarantee the production of high-quality fasteners that meet or exceed industry requirements. When you buy domestically made fasteners from Birmingham Fastener, you can be confident that you are purchasing a quality engineered product.

• Supporting Local Economy and Job Creation: Birmingham Fastener takes pride in supporting the local economy by keeping their manufacturing operations within the United States. By purchasing from them, you contribute to the growth of the U.S. economy and help create job opportunities for workers in various communities. The money spent on Birmingham Fastener products stays in the country, benefiting local businesses and fostering economic growth.

• Faster Lead Times and Cost Savings: When you choose domestically made fasteners from Birmingham Fastener, you enjoy reduced cash cycles and shipping costs. With six manufacturing locations and strategically placed warehouses, Birmingham Fastener ensures good quality parts, at a competitive price, with-in a required lead time. This saves both time and money, giving you a competitive advantage.

• Enhancing Supply Chain Resilience: The current unrest in the global supply chain has forced many companies to seek alternatives and reduce their dependence on foreign suppliers. By purchasing domestically made fasteners from Birmingham Fastener, you not only mitigate the risks associated with global supply chain issues but also enhance the resilience of your own supply chain. The reliability and consistency of a local supplier can be invaluable in times of disruption, ensuring a stable flow of essential components.

Reshoring manufacturing operations is a strategic decision that empowers companies to regain control of their supply chains. Birmingham Fastener, a leading U.S.-based manufacturer, stands at the forefront of this movement, offering high-quality fasteners while supporting local economies and job creation. Take the reins of your supply chain today and experience the benefits of reshoring with Birmingham Fastener.

Five years ago, Birmingham Fasteners Manufacturing was just a single location, now we are proud to say we have grown and are able to offer our manufacturing services nationwide with locations from California to Georgia. Meet the family of Birmingham Fastener manufacturing companies:

Birmingham Fastener Manufacturing: Hot and cold headed fasteners for the structural and waterworks industries.

Website: https://www.bhamfast.com/

Houston Fastener Manufacturing: Stud and nuts for the oil & gas and power generation industries.

Website: https://www.bhamfast.com/locations/houston-fastener/

Atlanta Rod & Manufacturing: Hot headed fasteners for the power generation and heavy construction industries.

Website: https://www.atlrod.com/

K-T Bolt Manufacturing: Hot headed fasteners for the construction and oil & gas industries.

Website: https://www.k-tbolt.com/

Pacific Coast Bolt Manufacturing: Hot headed fasteners for the waterworks and power generation industries.

Website: https://pacificcoastbolt.com/

Champion Manufacturing: Gaskets and other elastomer based sealing solutions for the waterworks and oil & gas industries.

Website: http://www.championgaskets.com/

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FOR IMMEDIATE RELEASE

June 22, 2023

NetPlus Alliance Industry Outlook Report: 88% of Distributor Members Anticipate Sales Growth in 2023

Lockport, NY – NetPlus Alliance distributor members remain optimistic about 2023 revenue, despite talent challenges and lingering inventory obstacles, according to the latest NetPlus Alliance Industry Outlook, a quarterly report based on a survey of NetPlus members.

The NetPlus Alliance Industry Outlook tracks business results and trends in the industrial and contractor supply markets. The latest quarterly survey was completed in April 2023, and the outlook was based on the first-quarter results for 2023.

Nearly 58% of NetPlus Alliance distributor members saw significant sales growth in the first quarter of 2023 (+8% or more) over those in the first quarter of last year. Another 21% reported moderate growth. Waning supply chain challenges were reported as a main contributor to growth. Other reasons included overall increased demand and new project starts.

Eighty-eight percent of NetPlus distributors in the survey think their business will grow by more than 3% this year. Their optimism is fueled by:

• Improved supply chain activity
• Increased confidence in plant updates
• Branch expansion
• New business growth
• Greater focus on sales and marketing
• Product availability
• New product lines
• Addition of salespeople

“Forecasting the rest of 2023 is a challenge thanks to recession talks, and elements of the economy and politics causing some concern,” said Dan Judge, founder of NetPlus Alliance. “But our members are forward-looking and focused on continuous improvement in their companies. They are optimistic for the remainder of the year. I think our members are growing their business because they are proactively taking significant steps to do so.”

About NetPlus Alliance

NetPlus Alliance builds relationships and provides opportunities for the advancement of member companies for their long-term success in the supply chain. With more than 100 years of combined industrial distribution experience, NetPlus Alliance negotiates improved pricing, rebates, and terms with more than 200 manufacturers on behalf of 415 industrial and contractor supplies distributor members. Our members drive market growth and profitability through stronger channel partnerships, financial incentives, progressive marketing, joint sales planning, training programs, and business best practices.

Learn more about NetPlus Alliance at netplusalliance.com

Contact Molly Greene, Director of Marketing, (716) 438-2014.

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