MAPI_weekly_update

MAPI — Manufacturers Alliance News and Reports — U.S. Industrial Outlook and More

Published On December 21, 2016 | By Eric Armstrong | Market Reports
A weekly round-up of the MAPI resources available to NFPA members through NFPA’s membership in MAPI. 

MAPI

Issues in the Brief

Keep Calm. You’re Prepared. (Right?)
Manufacturers are already used to dealing with delays and run-of-the-mill challenges, but they are increasingly finding they must navigate more serious workplace threats and disruptions. They are responding by implementing security, crisis management, and business continuity plans to help prepare for, respond to, and mitigate interruptions.

MAPI and Deloitte Study: Connected Devices, Industrial Control Systems Expose Manufacturers to Cyber Threats
Nearly half of surveyed manufacturing executives lack confidence their assets are protected from external threats, according to a new study from Deloitte and the Manufacturers Alliance for Productivity and Innovation (MAPI) on Cyber Risk in Advanced Manufacturing.

Precedent Overturned for Disparate Impact Claims Under ADEA
In Villarreal, the Court of Appeals reversed a 2015 decision of a three-judge panel of the court. A majority of the full court reached an opposite result from the panel and determined that the governing provision of the ADEA barring disparate impact age discrimination by employers does not permit job applicants to bring claims of age discrimination under the ADEA against prospective employers. Disparate impact claims would arise in situations where an employer’s policies and procedures lack a discriminatory intent and are purportedly neutral on their face, but nevertheless have a discriminatory effect.

Those Crucial Yet Limited Central Banks
For only the second time in a decade and the first time in a year, the Federal Open Market Committee, the policymaking body of the Federal Reserve, has elected to increase the target range for its influential federal funds rate by 25 basis points to 0.50% to 0.75%.

 

Economic Update

How Important Is U.S. Manufacturing Today?
Manufactured goods are ubiquitous at home, in transit, and at work, but the narrow definition of manufacturing industries in national statistics implies that the sector is of only minor importance to economic activity. The traditional finding is that manufacturers’ proportion of gross domestic product (GDP) is only about 11% and manufacturing’s share of economy-wide full-time equivalent employment is just 9%.

U.S. Industrial Outlook: Growth Acceleration Is Around the Corner
Manufacturing industrial production was essentially unchanged in the first quarter of 2016 and then fell at a 1% annual rate in the second quarter. July production grew at a 6% annual rate, so the third quarter is off to a good start. The strong July begs the question of whether the month’s growth was a fluke.

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About The Author

oversees NFPA’s fluid power economic and statistical programs. He blogs on the Market Outlook about what he learns from NFPA’s surveys and reports as well as fluid power industry economists.

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