IN THE NEWS with Fastener News Desk the Week of September 11th, 2023
Here’s what’s happening in fastener industry news, Industry Scholarship Award announcements, training opportunities, and upcoming association events in the news the week of September 11th, 2023…
Watch now on FastenerTV at YouTube: (14:31)
September 11th, 22 years ago today… I’ll always remember the beautiful blue skies that morning. It was a picture-perfect day in New York…as I reflect on my memories of that day that changed our world forever, I remember the fear, and the tragic loss of so many lives. I want to share something incredible I experienced in the morning hours of September 12th, in the town of Long Beach, NY where many people gathered on the boardwalk still in utter shock and sadness, there appeared thousands of monarch butterflies. It was breathtaking and so surreal to experience…Long Beach and the surrounding towns were where many of the firefighters resided. I will Never Forget the sound of bagpipes and the saddening toll of the firemen’s bell “Striking the Four Fives” that continued for days, weeks and months. I will always remember the incredible sense of community that brought hope to New York and our nation. Today take pause to remember, by remembering we ensure future generations never forget the legacy of September 11th. I promise to Never Forget my Hero, Michael Vernon Kiefer, Son, Brother, Friend, Long Beach Lifeguard and FDNY Firefighter L132, Brooklyn, NY and all those that lost their lives on September 11th.
The Fastener Distributor Index (FDI) survey for August 2023 reversed its downward momentum last month, climbing to 50.0 after a dismal 40.7 reading in July. The Forward-Looking Indicator (FLI) also shifted course, rising to 45.9 versus the 38.8 reading in July, but remains sub-50. Overall, results suggest some stabilization in fastener market conditions in August, which is encouraging after five consecutive months of declining momentum. Listen to further commentary on episode #192 of the Fully Threaded Radio podcast.
Illinois Tool Works Inc., a global multi-industry manufacturing leader, announced a succession plan that capitalizes on the strength and depth of the ITW leadership team. Christopher O’Herlihy, currently Vice Chairman of ITW, will become President and Chief Executive Officer (CEO) and a member of the ITW Board of Directors, effective January 1, 2024. E. Scott Santi, ITW’s CEO since 2012, will step down as CEO and will remain Chairman of the ITW Board until March 1, 2024, at which time he will become Non-Executive Chairman of the ITW Board. Read more:
The Industrial Supply Association (ISA) announced the promotion of Brendan Breen, formerly the association’s President, to the position of Chief Executive Officer (CEO) effective September 1, 2023. This key promotion reflects ISA’s commitment to fostering continuity, stability, and ongoing growth within the organization. For more info go to ISApartners.org Read more:
Industrial Supply Association Announces Promotion of Brendan Breen to Chief Executive Officer
ARaymond will be inducted in to the 2023 Indiana Manufacturers Association Hall of Fame on Oct. 18, 2023, during a ceremony celebrating manufacturing and all it brings to the State of Indiana. Founded in 1865, this family business based in France, and the inventor of the press stud, has always put human values at the heart of its success. ARaymond, is based on the conviction that the well-being and empowerment of its collaborators are essential to its continued success. Guided by innovation and sustainable value creation, the ARaymond Network is, today, one of the global leaders in fastening and assembly solutions for the mobility, energy, healthcare, and agriculture markets.
NetPlus Alliance members remain mostly optimistic going into 2024, according to the latest NetPlus Alliance Industry Outlook, a quarterly report based on a survey of NetPlus distributors. Just over 47% of members in the survey reported significant gains in the second quarter of 2023, with an additional 26% reporting moderate gains. Almost all members are expecting sales to be up significantly in 2023.
The NetPlus Alliance Industry Outlook tracks business results and trends in the industrial and contractor supply markets. The latest quarterly survey was completed in August 2023, and the outlook was based on the second-quarter results for 2023.
NetPlus Alliance Industry Outlook Report: 87% of Distributor Members Anticipate Sales Growth in 2023
Women in the Fastener Industry Announced the Recipient of the Edith Cameron Scholarship for the 2023 International Fastener Expo. Edith was a pioneer in the fastener industry for 55 years. She was a trailblazer in the industry and was the first woman inducted into the Fastener Hall of Fame in 1993.
Congratulations to the scholarship winner, Kala Millburg of Marine Fasteners!
To learn more about scholarship opportunities and Join WIFI go to: FastenerWomen.com
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!
HAPPENING THIS WEEK!
Connect – Learn – Grow at the 2023 Pac-West Fall Conference happening Thursday, September 14, 2023 – Saturday, September 16, 2023. Three days of networking, education, and fun. To learn more and register go to: https://www.pac-west.org/index.php?option=com_jevents&task=icalevent.detail&evid=541
Join the New England Fastener Distributors Association for Understanding Blueprints, a virtual class September 18th at 10:00am. ET. The class is for anyone in the fastener industry, whether you’re just starting your fastener career or are a seasoned veteran. Instructor Jim Speck will be demonstrating how to effectively read a blueprint.
He will cover the basics such as:
- How to read a print
- The different types of prints
- Understanding what needs to be on a print
- Understanding tolerances and specifications
Visit https://www.nefda.com/event/print-reading-basics-with-jim-speck/ to register now!
Grow from novice to knowledgeable with Fastener Training Institutes Fastener Basics training coming to a city near you! Learn the basics of fastener parts and increase your fastener knowledge advantage! The all-day training session is geared for individuals new to the fastener industry and those who need to know more about the products they sell. Fastener Basics Training is scheduled for:
DENVER, CO: Sept. 22 https://fastenertrainingevents.com/fastener-basics-denver.htm
LOS ANGELES, CA: Sept. 27 https://fastenertrainingevents.com/fastener-basics-la.htm
UNION CITY, CA: Nov. 16 https://fastenertrainingevents.com/fastener-basics.htm
The Industrial Fasteners Institute Fall Meeting will be held at the Omni PGA Frisco Resort in Frisco, TX Saturday, September 23, 2023 – Tuesday, September 26, 2023. IFI has an exciting agenda, including keynote speakers and leisure activities. For membership and event details go to indfast.org
It’s time for the Pacific West Fastener Associations Annual What’s New? What’s Next? Fall dinner program! Tuesday, September 26th includes Vendor Showcase, Cocktail Hour, Dinner, and Program. For more information go to pac-west.org
Feel the energy building as the 2023 International Fastener Expo (IFE) prepares to set the stage for the largest convergence of the fastener industry in North America in years.
With IFE’s commitment to excellence and innovation, the event promises to be a catalyst for industry growth and collaboration.
Mark your calendar for October 9-11th at Mandalay Bay, as Las Vegas becomes the epicenter of fastener innovation and expertise. IFE 2023 will offer attendees an array of sessions designed to captivate, educate, and inspire. From a world-class exhibition of fasteners, and industrial products, to a magnetic keynote speaker, enriching conference sessions, and panel discussions led by esteemed industry experts—this is your ticket to igniting success.
Register now Use promo code FND50 to save $50.00 on registration. Go to FastenerShows.com
Have you ever wondered if industrial 3D printing, also known as additive manufacturing, could make your process more efficient, cost-effective, or secure? Join the Würth Additive Group for 3D Printers in the WILD Tour across the United States! Connect with their team and learn about the power of additive manufacturing by watching it live! Würth Additive Group wants to bring together industry, higher education, and other interested individuals to discuss the latest developments in Additive Manufacturing, both technical and commercial, at their 3D Printers in the WILD Tour
Phoenix, AZ Wed, Sep 20, 2023
Tempe, AZ September 22, 2023
Event link https://lp.wurthindustry.com/3d-printers-in-the-wild-tour-phoenix
Chicago, Illinois Mon, Oct 2, 2023
Event link: https://lp.wurthindustry.com/demo-days-2023-chicago-il-3d-printers-in-the-wild
For more info about tour dates go to WurthAdditive.com
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/
Hey there DYK! 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!
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/
The stories featured in this week’s episode of IN THE NEWS can be found in our (X) feed @FastenerNews 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.
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