
The Manufacturers' Network
The Manufacturers' Podcast is THE place for manufacturers to connect with and learn from other manufacturers. Not only will listeners get to learn from their manufacturing colleagues, but they will also discover HOW they can help each other as a resource or as a source of help and inspiration.
As a manufacturer, it's easy to get pigeon-holed into only focusing on your own industry, whether it be through your industry trade association or your industry colleagues. While trade associations are an excellent source of information for their members, sometimes it's gaining a perspective from someone else in a completely different industry that gives you the solution to your dilemma.
Stay tuned for new episodes every week on "Manufacturing Monday's." This drive-time length podcast will give you the information, tips and strategies you need to get your week off to a fantastic start.
Latest episodes

Feb 5, 2024 • 31min
Veteran Champions in Manufacturing: Hiring, Retention, and Advocacy with retired lieutenant colonel Kathy Lowery Gallowitz.
In this episode of The Manufacturers Network Podcast, host Lisa Ryan engages in a powerful conversation with retired Air Force veteran Kathy Gallowitz. Gallowitz shares her expertise in supporting veterans' transition into the civilian workforce, particularly focusing on their integration within the manufacturing industry.Key Themes:1. Challenges of Transition: Kathy Gallowitz underscores the challenges veterans face when transitioning to civilian life, such as identity loss, unstructured environments, and a lack of understanding of their strengths and aptitudes. She emphasizes the need for employers to act as advocates, not just architects, for veterans, outlining a strategic plan to help veterans succeed in the workforce.2. Best Practices: Best practices for attracting, hiring, and retaining veteran talent in the manufacturing sector are discussed, including the use of military skills translators, the involvement of current veteran employees in the hiring process, and the importance of building a veteran voice committee or employee resource group.3. Military Culture Training: Employers are encouraged to invest in military culture training to understand the unique needs and experiences of military personnel. Building a veteran-friendly workplace, offering career ladders, and providing clear pathways for advancement are vital factors in becoming a veteran-ready employer.Lessons Learned:- The episode sheds light on the importance of recognizing the unique skills and value that veterans bring to the manufacturing sector, including safety focus, leadership capabilities, operational discipline, and technical proficiencies.- Gallowitz's journey, from growing up as a navy kid to becoming a career Air Force veteran, is not just inspiring but also provides valuable insights into understanding the challenges veterans face during their transition to civilian life and the workforce.For more information:Vanguard Veteran Overview: https://vanguardveteran.start.pageVeteran Talent Academy: https://vanguardveteran.com/veteran-champion-consulting-training/Complimentary Veteran-Ready assessment: https://vanguardveteran.files.wordpress.com/2022/07/may-2021_-vr-employer-assessment.pdfVanguard Veteran's Employer Consulting and Training: https://vanguardveteran.com/veteran-champion-consulting-training/Invite Vanguard Veteran to Speak: https://vanguardveteran.com/invite-me-to-speak/

Jan 29, 2024 • 25min
Recruitment Marketing: Insights and Strategies for the Manufacturing Industry with Nicole Morgan
Host: Lisa Ryan Guest: Nicole Morgan**Contact Nicole Morgan through Resolute PR's website. www.resolutepr.com/workforce-recruitmentLisa Ryan welcomes Nicole Morgan to the Manufacturers Network podcast. Nicole Morgan is a PR and marketing expert and founder of Resolute PR. She has an innovative approach to addressing changing workforce behavior.#### Background and Work at Resolute PR- Nicole shares her journey, having worked in PR and marketing for nearly 20 years and founded Resolute PR about ten years ago.- Resolute PR takes a holistic approach to addressing client issues by understanding their goals and struggles, with a recent focus on assisting HR departments in marketing open positions.#### Addressing Workforce Recruitment Challenges- HR departments often faced challenges in attracting employees as they primarily targeted those actively seeking jobs, neglecting potential employees who may not be actively looking.- Employers must focus on branding themselves as an employer, emphasizing work culture and value for potential employees.#### Employer Marketing and Employee Recruitment- Employers should focus on marketing job positions through clear job descriptions, regular performance reviews, and transparent employee growth paths.- Encouraging positive employee feedback and addressing negative feedback on platforms like Glassdoor can influence job seekers' perceptions.#### Trends in Workforce Marketing- Trends are shifting towards retention campaigns rather than labor shortage solutions, emphasizing the importance of employee communication and transparency.#### Women in Traditionally Male Positions- Nicole addresses the importance of accommodating women in traditionally male-dominated industries, such as ensuring the availability of women's restrooms and fostering a diverse and inclusive workforce.#### Contact Information- To learn more about Resolute PR's workforce recruitment study and services, visit [resolutepr.com/workforce-recruitment](www.resolutepr.com/workforce-recruitment). - Contact Nicole Morgan through the website's contact form.#### Key Themes- Workforce Recruitment Challenges: Understanding the changing hiring landscape and the need to market job positions effectively to attract potential employees.- Employee Retention: Shifting trends towards retaining top talent through effective communication and transparent growth paths.- Women in the Workforce: Recognizing the importance of accommodating and inclusivity for women in traditionally male-dominated industries.#### Lessons Learned- Employers need to adapt their recruitment strategies to appeal to actively seeking and passive job seekers.- Clear job descriptions and transparent growth paths are key for attracting and retaining employees.- Creating a diverse and inclusive workplace is essential for accommodating women in traditionally male-dominated industries.#### Fun Facts- Manufacturing and industrial sectors are adapting to workforce demands by offering flexible scheduling and on-site childcare facilities.- Employers need to prioritize employee communication and transparency, aiming to retain top talent as the employment landscape evolves.

Jan 22, 2024 • 29min
Self-Insurance and Captive Insurance in Manufacturing with Jarid Beck
In this episode of The Manufacturers Network Podcast, host Lisa Ryan welcomes Jarid Beck, Risk Management Advisors's managing director and co-founder. Jarid offers valuable insights into risk management and insurance strategies in manufacturing, particularly focusing on self-insurance and captives for reducing the costs of providing group health benefits.Jarid Beck begins by sharing his career journey, transitioning from financial planning to focusing on captive insurance companies due to their multifaceted benefits for business owners. He provides a comprehensive explanation of captives, highlighting how they are beneficial for manufacturers in managing risks by providing personalized, cost-effective insurance options tailored to specific business needs.The conversation delves into the concept of self-insurance and its distinction from traditional insurance models. Jarid emphasizes the financial efficiency and flexibility of captive insurance compared to traditional insurance, shedding light on how it empowers businesses to take control of their insurance expenses and stabilize cash flow.Additionally, the discussion touches on the challenges manufacturers face when implementing self-insurance and captive insurance strategies, particularly the need for early education and effective communication with stakeholders.**Key Lessons Learned:**- Captive insurance companies offer personalized, cost-effective insurance solutions tailored to specific business needs.- Self-insurance, when approached formally through captives, provides financial efficiency and allows businesses to retain profits and stabilize cash flow.- Effective education and communication are essential when implementing self-insurance and captive insurance strategies.**Ideas for Manufacturers to Implement:**- Explore off-cycle self-insurance and captive insurance strategies to educate and prepare for potential transitions.- Assemble a team of knowledgeable advisors to guide the exploration and implementation of self-insurance and captive insurance options.**Fun Facts:**Did you know that captive insurance companies provide manufacturers with more control over their insurance expenses, potentially leading to cost savings and a stabilized cash flow?If you want to learn more about self-insurance and captive insurance in manufacturing, connect with Jarid Beck and his team at Risk Management Advisors through their website at www.riskmgmtadvisors.com or explore their informative content on their YouTube channel and LinkedIn.Join us in the next episode for more insightful discussions on navigating the world of manufacturing.

Jan 15, 2024 • 23min
Embracing Digital Technology in Industrial Hygiene with Mona Shum
Welcome to The Manufacturers Network podcast with your host, Lisa Ryan. In this episode, Lisa interviews Mona Shum, owner and principal industrial hygienist at AURA Health and Safety. Mona's extensive experience in exposure assessment, indoor air quality investigations, and environmental public health brings valuable insights into occupational health and safety within the manufacturing sector.Mona shares her journey into occupational hygiene, highlighting the importance of understanding workplace exposures to chemicals, biological hazards, and physical hazards such as noise and radiation. She emphasizes the need to assess and control these exposures, ensuring the well-being of workers in various industries.During the conversation, Mona discusses the most common challenges in manufacturing related to air quality and exposure control, citing examples from food-related facilities experiencing dust and chemical hazards. The impact of climate change, including heat stress and wildfire smoke, on occupational settings is highlighted, shedding light on the broader implications for business operations and worker safety.Lessons Learned:1. **Refusal of Unsafe Work**: Workers hold the power to refuse unsafe work, creating a platform for change and improved safety standards within organizations.2. **Proactive Planning for Exposures**: Proactive planning, utilizing resources, and creating exposure control plans are vital for reducing risks associated with heat stress and wildfire smoke.3. **Digital Technology in Industrial Hygiene**: The incorporation of digital technology, such as user-friendly apps, is shaping the field of industrial hygiene, enabling more individuals to assess and address occupational health risks.Key Themes:- Occupational Health and Safety- Workplace Exposure Assessment- Impact of Climate Change on Manufacturing- Proactive Safety Planning- Digital Technology in Industrial HygieneFun Fact:Mona Shum discusses the development of an app tailored for the film industry, designed to assess the risk of heat stress based on relative humidity and temperature, showcasing the integration of modern digital solutions in addressing occupational health concerns.To learn more about AURA or continue the conversation with Mona Shum, visit www.aurahealthsafety.com.Thank you for tuning in to The Manufacturers Network podcast. Join us next time for more insights into the world of manufacturing.

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Jan 1, 2024 • 29min
Enhancing Manufacturing Efficiency with an IoT Platform with Mike Bowers
In this podcast, Lisa Ryan interviews Mike Bowers, the Chief Architect at Faircom. They discuss the importance of capturing data in the manufacturing industry and the challenges of integration costs. They introduce Faircom's IoT platform as an integration hub and discuss its security features. They also talk about using Faircom's IoT platform to enhance manufacturing efficiency, and they emphasize the benefits of analytics and integration with Node-RED. Finally, they discuss how to connect with the guest and the importance of sharing the podcast with others.

Oct 16, 2023 • 23min
Innovations in Waste Management and Sustainability with Heather Johnson
Connect with Heather: Website: www.pureingenium.comLisa Ryan: Hey, it's Lisa Ryan. Welcome to the Manufacturers Network podcast. I'm excited to introduce our guest today, Heather Johnson. Heather is the CEO of Ingenium and has over 25 years of experience in hazardous waste management. Her innovative sustainability and waste management approach has positioned Ingenium as an industry leader in waste-to-energy programs and zero-waste initiatives.Lisa Ryan: Heather, welcome to the show.Heather Johnson: Thank you, Lisa. I'm excited to be here today.Lisa Ryan: Share a little bit about your background and what led you to do what you're doing.Heather Johnson: You named it over 25 years of experience. Back in my college days, I was answering phones in this industry. Along the way, I started doing some marketing and sales and ultimately ended up 27 years in the industry. I never look back on anything, finding anything in this and carrying it forward.Lisa Ryan: Yeah. Right now, many companies are aspiring to achieve a zero-waste status. What are some of the steps and strategies businesses can take to embark on this journey?Heather Johnson: So zero waste is a journey, as you mentioned, and there are several steps. The first step for a business is to determine that they want to move forward. And in that, the first step is looking at what they're generating in terms of waste, what's going into the trash cans at the cubicle level, what's going into the trash cans in their kitchens or cafeterias throughout the facilities that all end up in a dumpster typically and where we start is at the dumpster level.For lack of a better term, we call it a dumpster dive, but dig in the trash and look at what are these guys producing that might have some value and be removed from the waste world and used elsewhere. From there, we provide data. So it's data collection and then reporting out to the business.Hey, here's what you guys are doing. Are you aware? And most of the time, they are not aware to any significant extent of what types of things are making it into the trash. But it starts with the conversation at that point: okay, here's what's happening. What are you willing to do as a business to reduce the waste going into the trash?From there, we talk about strategies that can be deployed within the business, ways to minimize waste, and ways to reuse materials in lieu of creating waste. And continue to track the progress of the efforts and provide more data to show reduction over time. Ultimately, the objective would be to achieve this zero waste certification, with a certain percentage milestone to remove waste from the landfill.Lisa Ryan: So when it comes to zero waste certification, I think about zero waste, just in my own house, and what goes out into the trash every week. What is that percentage? How much are people reducing their waste to get that certification? What does that look like?Heather Johnson: I believe it's 90 percent on average, which sounds extremely challenging, and it is. Don't get me wrong again. A business has to have a concerted effort. It doesn't just include leadership behind it; everybody in the organization takes pride in reducing waste.Lisa Ryan: Yeah, I know your company is known for its innovative waste-to-energy programs, but how can these green solutions work as a viable option for manufacturers?Heather Johnson: Believe it or not, manufacturers produce a lot of waste. There's a lot of opportunity. Manufacturers use solvents as an example, and we can reuse those materials and repurpose them for another business that can continue the use as opposed to a manufacturer having to send out the material as waste.Many different items are used in manufacturing, resulting in a beneficial reuse opportunity that minimizes what goes into the track. There are a lot of opportunities in manufacturing. In the event we can't do something better with the material, then make it a waste or call it a waste, then waste to energy comes into play as a viable technology that's greener than putting something into a landfill or incinerating it.Lisa Ryan: So when you're reusing, like you said, solvents, would that manufacturer who was using the solvents be able to use them again? Or would another manufacturer or another company buy that? Heather Johnson: Yeah, both. The answer is both. Some manufacturers will continue to use a solvent until it's so dirty. They cannot do anything further with it. Some manufacturers have quality control. These procedures allow using a material only once, and it's still clean enough for someone else to use. They don't allow it in their process.We can pass that along to another manufacturer or company using that material. Additionally, when a solvent gets dirty, we can do something called distillation, which cleans it up and creates a renewable product, the solvent. Without whatever was contaminating it, those manufacturers can rebuy it because it does have a cost associated with it, but it's less expensive than buying a new solvent.Heather Johnson: The ultimate goal is to minimize what is wasted. If you can prolong the use, the longer you do that, instead of using a new product, you're doing the environment a favor every time.Lisa Ryan: Absolutely. Discuss hazardous risk because assessing and managing hazardous waste is crucial in industrial operations. So what can businesses do to mitigate their hazardous waste risks so that they're in compliance and safe?Heather Johnson: Call ingenium? No, calling a company like Ingenium can help them understand both from a compliance standpoint. What are you required to do based on what you're generating? What are your hazardous processes? And then what are the requirements and regulatory risks around what you're doing? It's a whole world that most people don't think about regarding tracking and managing.If you have a chemical, for example, that you're using, only when you say you no longer have a use for it, and there is no longer a use for it, then it's a waste. So once you determine something is a waste, new regulations kick in. And. A lot of businesses don't necessarily understand what the requirements are around managing hazardous waste, so they can bring in a consultant who does understand that, or bigger businesses, often, will have a full-time environmental health and safety manager who is responsible for the hazardous waste and the tracking and management of it.Either way, from a safety standpoint, a lot of training goes into place so that people know what they're handling. And then, from a regulatory requirement standpoint, there are holding time issues. There are manifest paperwork-type issues. There's also something called cradle to grave, which means once you have a waste, it's yours until you know it's been managed to the end.So you must know what's happening to the waste. And you're using a company that's properly disposing of it at the end of the day. And there's a paperwork trail on that. And there's a time requirement for that. So, if you understand all of the needs, you should be good to go, but if you don't, I highly encourage you to have a consultant on board to help you with everything because there is a lot.Lisa Ryan: Yeah, it sounds like it. And I think about this when we're looking at attracting younger people into manufacturing and the industry. Sustainability is a huge topic because they want to protect the planet in whatever they do, or at least not cause additional harm.What are some things businesses are doing to use eco-friendly practices, or are there specific success stories or examples you can share?Heather Johnson: Yeah. And you're right. As it pertains to younger people in any industry, they want to work for a company that is environmentally friendly and conscious and doing something if they can to better protect the environment.Many businesses that can make a difference are pushing back on their suppliers to use greener materials, whether shipping materials or things that can be recycled or reused. That's a big one I'm seeing because many businesses we work with receive chemicals in styrofoam, for example.And the styrofoam is it's voluminous. If you will, it's lightweight. It's got a recycle value, but It's costly to move it unless you can condense it. And so I've seen companies pushing back on people that use styrofoam to take it back and use it again, for example, instead of the stuff going into the landfill because it takes up a lot of space and doesn't break down easily.Additionally, they should look at more environmentally friendly products they can use in their processes instead of highly toxic chemicals if there's a way that they can introduce something more environmentally friendly. They're doing that and then ultimately downstream on the wayside. How can they reduce or reuse materials before they become a waste, prolonging the use of something?Lisa Ryan: Yeah, one of the arguments you hear from people is that the more environmentally friendly products don't. They don't believe they work as well. As the horrifically hazardous materials that they've been using forever. What are you seeing as far as the advances in technology, or is that still true?Heather Johnson: Yes. And no, I totally know what you're talking about. I know. We also work with a lot of research and development. And they use mercury thermometers. And I remember when they made a play to use cause mercury is highly toxic.And so, what else can we use in lieu of that? And it took a long time, but they've come out now with a good alternative to the mercury. But there are several products that people will argue are nothing better than radiation isotopes in some cases. However, it's become more challenging to manage that stuff, so people have almost been forced to move away in many situations, but over the last 25 years, I've seen a lot of movement in that area.Lisa Ryan: Yeah, that's a good thing. Then, we also look at things like community service and corporate responsibility, which you are big on in your organization. How do you tie in what you're doing with sustainability goals regarding focusing on the corporate responsibility efforts of the companies you work with?Heather Johnson: We have a big push in innovation. On top of what exists today, we're always looking for what is coming in the future that we can leverage and introduce to people. We are the experts in the technology as it presents itself. We don't own any technology, nor do we create any technology. Still, we understand what other people are doing and how it can benefit our customers - from manufacturing businesses to pharma and any industry that uses chemicals and produces hazardous waste. There's more and more technology that's greener to manage this stuff in the future. Historically, it's gone for landfill or incineration, and we want to minimize what goes to the landfill.More and more, there are conversations about that. But if it's not going to landfill, where is it going? What can we do? And so, more and more, you're seeing new technologies present themselves that minimize the need to send things to the landfill.Lisa Ryan: What are you seeing regarding some of those new technologies that you've been the most impressed with, or have changed the game in waste management or your zero waste initiatives?Heather Johnson: I've seen more people figuring out how to prolong the life of things. If you have to dispose of it, there's something called fuel blending, where you can use hazardous waste as a secondary fuel in a cement kiln. So, a lot of hazardous waste qualifies instead of using natural resources.To make cement as an example, I'm also seeing people clean up waste reuse. It can't say clean up waste because once it's waste, you have a different right to prolong the use of a chemical. We have something called an orphan chemical program. For example, a large manufacturer with quality controls can't use products past their shelf life, but that doesn't mean that a smaller business with fewer funds can't use those chemicals in their research.We can take them from the large manufacturer to the small startup, and they can continue using them without buying new chemicals. It may end up as waste in the future as well.Lisa Ryan: How did they find out about you? I mean you because you're, we talked earlier about the companies reusing themselves, or it goes to other companies.How does that whole process work? How would somebody even find out what you have in the list of products that you have that you can make available to people?Heather Johnson: Right now, that program is Largely amongst our current customer base because we haven't figured out how to leverage AI, which I think would be our next play.But right now, we have a list of all our customers who are interested in being potential recipients of chemicals. So when a customer wants to donate, there's the donor and the recipient. Let's call it: the big manufacturer has a list of chemicals they no longer need, but there are still good chemicals, right?They're not crystallizing around the caps or inherently waistline. They will go out as waste unless we find a home for them. So we'll take their inventory of chemicals, and we'll send it to our customer base of recipients. And then those guys will look at it and say, okay, I'd like to have the following chemicals, and then we will arrange.The transportation from point A to point B of those materials and the way they find us when they find us is frequently a Google search for hazardous waste recycling because more and more people want to be sustainable. And so it's more complex than hazardous waste disposal, which we'd still come up with in a search for that, but it's word of mouth or Google search.Lisa Ryan: How does a company know they need to talk to somebody like you? What is the first clue that making the call to Ingenium is a good option?Heather Johnson: If they're generating hazardous waste and they understand they can't throw it in the trash, that's the first clue.And then, what type of business do they want to work with? I would say the majority of business. Businesses today have gotten on board with sustainability. When we started Ingenium 17 years ago, sustainability was not a big deal to people. It was. I don't even know if it was a word used in our industry.And then, when the markets crashed in 08. We saw a huge influx of chemicals that had to go for disposal because businesses were shutting down. These would be chemicals that had never been opened, but the business is closing, and part of the closure process is that all of the chemicals have to go out as hazardous waste.And it was crazy for us to see just how much good material was being wasted. So, we started to promote sustainability back in 2008. However, it comes at a cost, so traditional disposal is less expensive than some screener opportunities. And early on, businesses weren't willing to take on additional costs to do that today.Fast forward 15 years later, and it's a big initiative at the leadership level for many of these businesses. In addition to just having hazardous waste and saying, Hey, I need to dispose of this, many people managing it know they also want to try something greener. So they'll be looking for companies who have these innovations.Lisa Ryan: So what's the process? They call you for the first time because they have some waste or want to look at more sustainability. What happens next?Heather Johnson: We send somebody out to their facility and talk to them about what they're doing. We want to understand what they're doing and why they're doing it because if there are things they can change upstream, and we can help consult with them on that to reduce the amount of waste or use less toxic materials, all kinds of those things that I spoke to earlier.And then, in that conversation, what are their goals? Again, most companies will tell you that they have some sustainability goals. Some will say we want the lowest cost. Based on what they're trying to accomplish, we will tailor a program for them that meets those needs.Lisa Ryan: And are you cleaning up the chemicals and stuff? Do you have a pro, so you have a whole processing facility?Heather Johnson: We don't have a processing facility, but we have the trucks and the people. So, we will go to the manufacturer and ensure everything's properly labeled and packaged so that it can go on a truck for safe transport to the disposal facility or wherever the material will ultimately end up.Lisa Ryan: Is there anything I haven't asked you about that you think is important for people listening to? No,Heather Johnson: I think you touched on it, but ultimately, what I believe is the most important for people to know if they are not aware and understand is the cradle-to-the-grave element of the waste generation that they, it's crucial that they're working with a dependable company like Ingenium, because, again, if you're working with somebody you're getting a cheap price or, these people aren't on the up and up.If your waste ends up somewhere it shouldn't, you're going to pay for cleanup a second time, and possibly, if other companies have waste in that area and are out of business, you're going to be paying for other people's waste as well. So it's most crucial that. You know that you're working with a reliable vendor.Lisa Ryan: If somebody wanted to continue the conversation or learn more about how Ingenium can help them and you, what would be the best way to contact you?Heather Johnson: The best way to contact me and learn about Ingenium services is to visit our website, www.pureingenium.com, and that's P U R E I N G E N I U M dot com slash podcast. This podcast will be listed there with others, and they'll be able to get all of our other information on the website from there.Lisa Ryan: Heather, having you on the show has been a pleasure today. Thank you so much for joining me.Heather Johnson: Thank you for having me, Lisa.Lisa Ryan: I'm Lisa Ryan, and this is the Manufacturers' Network Podcast. We'll see you next time.

Sep 18, 2023 • 29min
The Battle Against Cybercrime: James Fair Reveals Common Threats Faced by Manufacturers
Connect with James FairWebsite: executech.comLinkedIn: https://www.linkedin.com/in/jamesmfair/Lisa Ryan: Welcome to the Manufacturer's Network podcast. Our guest today is James Fair. James is an IT and cybersecurity veteran with 35 years of experience. He's held every role from entry-level tech to senior VP, and now he's working in cybersecurity. James, welcome to the show.James Fair: Thanks, Lisa. It's an honor to be here. I'm very excited.Lisa Ryan: Great. Please share a little about your background and what led you to do what you're doing in those 35-plus years.James Fair: Yeah. I've been doing this since computers were around; I'm an old-school guy. What started for me was a passion for technology. At age 13, I got my first real PC. At age 16, I would deep dive into that, and no one would see me for two years. When I came out, I would know everything about it. It's always been a passion of mine to dive into technology. I've been doing technology for a long time, but part of that has always been cybersecurity because back when I was doing it, there was no separate role for cybersecurity. Now you did everything.No one realized there was a separate need for that, and there wasn't because there wasn't much going on out there, or at least we weren't aware of it anyway. Over time, I have developed a passion for helping organizations stay protected, prevent attacks, or deal with them when and hopefully if they ever happen. Hopefully, they never happen to anybody; if they do, I want everyone to be prepared.We do not wait until the cyber stuff hits the fan before deciding to take action. Now, we'll make a plan. They're like, Ooh, what? What do we do in this situation? Let's get ahead of that. That's what I'm after. Let's help organizations be protected and respond better when something does happen.Lisa Ryan: Yeah, and it's scary stuff with all the ransomware and everything else that you're, I've had friends that have gone through that and without proper backup or thankfully they had outside backup, it didn't cost them as much time or money as it could have, but it was a pain to deal with. So, what are some common cybersecurity threats you see in manufacturing?James Fair: We see some similarities across all industries, but mainly manufacturing is, first of all, the common one, ransomware, right? As you mentioned, I want to caution your listeners for organizations and home users; please have backups. You can recover from about anything: fire, flood, theft, ransomware if you have good backups. And I've had tough conversations with people to say, Hey, this lady called me up, just, it was awful. She said, my grandmother passed away last month, and I have all the pictures of her, and they're on my computer, and now there's this ransom note on my computer.What should I do? And that is not a conversation I ever want to have with anybody. Please make sure you're backing up. I don't care what product you use; I'm not selling anything, but please ensure you're backing up your home machines and organizations. Okay, back to your original question.Lisa Ryan: Since we're talking about that, what do you think of cloud backup? I've been using Carbonite for years, but is there something about it going into the cloud, like a product like Carbonite, or should it be a physical backup as well? Or is there? It doesn't matter. Like, where does that fall for? Yeah, home and business.James Fair: The cloud is perfectly acceptable for home and always works. Business may be different in that you may need to recover the data quickly or a lot of data very quickly. And if it's all in the cloud, you have to download it.What's your internet speed like? Because now the rate at which you can recover is based on your internet speeds. We want to have that conversation with each business or organization to see how long they can deal with an outage; let's say ransomware hits, and everything's cleaned up.Now, we're doing the recovery process. How long can they take? Can we prioritize files first? It depends; it is not a great answer. But it depends on the organization that we're working with. Whether they can do both in many cases for larger organizations, we certainly encourage both.Have a copy locally that you can recover quickly. Have a copy on the cloud in case someone gets ahold attackers get ahold of that backup. We worked with one organization that got hit by ransomware, and the attackers had gone in and formatted the hard drives they used for backups. Like they wanted to make sure they could not recover from them.Remember, when attackers are going after organizations, particularly larger ones, they're going to do everything they can to ensure that you cannot recover from that, including one thing we haven't mentioned yet: an exfiltration of data. Nowadays, we're seeing a lot of this: I'm also going to steal your HR data or intellectual property.So, when I come to you and say, Hey, will you pay this ransom? And you say, Nope, I got good backups. I'll go okay, but I have this information. You don't; you do not want to release it to the public. Now, that's being held over people's heads as well.Lisa Ryan: What is X infiltration? What? What is that term?James Fair: I'm sorry—x filtration of data, meaning, okay. I'm going to take information on your servers that you don't want out there in the public, and I will grab that first. Then I will say, Hey, I will sell this unless you pay me.Lisa Ryan: Oh, wow. Yeah. Is there honor among thieves? When you pay the ransomware, will you get your data back, and then you're going to fix it, or will they keep coming after you? That's why it's such a crooked business.James Fair: It is. Yeah. And how do you have any trust in here? To give it a no, I don't want to put a positive spin on this. There is nothing positive about this, however. The attackers want credibility because if, for any reason, you believed that they would not come through on their side of it, people would stop paying.So, they have a vested interest in proving that they will recover your files. Now, I've only done this twice, but in my experience, two times at least. Yes, they got almost all the files back. A couple of corrupted ones couldn't be recovered, but in general, yes. If you pay, you get the files back. Statistically, I've heard something closer to 80% of the time. But in my experience, I'm two for two. Yeah, because the attackers have a vested interest in ensuring their reputation stays good; otherwise, no one would pay these ransoms, and they would no longer be in business.Lisa Ryan: When I also think about phishing, when the CEO is going out of town, and supposedly that person calls the secretary or sends them an email, Hey, I need this kind of cash. And they don't even think, because it's oh no, the CEO's calling me. How would you educate your staff? Because the phishing emails are getting better than Holy cow. I always check the return address and email address to ensure it's something instead of XYZ@GmT@yahoo.com or something.James Fair: Yeah. That is, that is a great question. The most effective technique we see is doing an internal phishing campaign. Some organizations like that feel "big brother" to attack our own people. But I have a different perspective. It's meant to raise awareness. It's intended to get people to look at the reply email because we are humans first. We make mistakes.We get busy. We respond emotionally before we respond logically. If you've ever been cut off in traffic, you may have experienced this. That's what the attackers are leveraging. All these great tools that we put in place, the anti-ransomware, the antivirus, firewalls, everything else, are programmatic, and they're much more challenging to get what you want.But humans, conversely, can manipulate them to some degree. Internal phishing campaigns to raise awareness are probably the most effective tool. And again, it's not meant to get someone; it's meant to look like, hey, here's a quick training for you. In five minutes, you'll know how to quickly check to ensure you're not clicking on something you don't want to.And you'd rather have us, the white hat folks, doing it than find out that someone sent credentials out that they shouldn't have via phishing email.Lisa Ryan: So do they know if management hires a company like you to white hats to send the phishing emails, or do employees know that they may be coming, or do they have training before and then, afterward, to see how much they learn? How, what does that look like?James Fair: Some organizations will dictate what that is for us. Our engagement looks like a very, and yes, they will come to us saying, hey, we have been phished before. We don't want it to happen again. What should we do? And we proffer this suggestion, and they buy off on it.Then we'll do a very easy-to-catch one. Very few people may get caught in that first one to create a baseline that we can do more difficult ones to see how we're improving, where we're, maybe there's a particular group or a few members who need more training than others.And then maybe we come in and do an hour-long security awareness training. I do a lot of those. I'll go into an organization and spend an hour talking about what we're seeing out in the wild. Best practices for security, those kinds of things. These days, you need all those great security and IT tools in place, but you've also had to train the users because we are humans, make mistakes, and are busy.Lisa Ryan: Yeah. On your list of topics here, ransomware was one of them, but you also said breaches through third parties. Is that the same as ransomware, or what would that mean?James Fair: If you consider, I don't know if you recall the target breach from long ago. Target wasn't directly attacked. Someone got in through their HVAC system. The H V A C folks had put a computer in their network that they could connect to do work on the system, which unfortunately had been connected to the rest of the network's backbone. The attackers could break into that H V A C system and then into the rest of the network.So, was that a direct attack on Target? No, not necessarily. It was through a third party. We want to ensure we're careful about engaging with third parties and that they have the proper security tools in place. Because you may have all the best ones in the world, but if the person you're working with doesn't, that can be a challenge.So it's not about us having them; it's also about the people we work with, having those in place.Lisa Ryan: You think about how interconnected everything in manufacturing is with the H V A sys C systems, the production lines, accounting, HR, finance, and everything woven together. So yeah, that would be quite the danger.James Fair: Yeah, it's a challenge. Best practices, and I don't want to get too technical here, is to segment those pieces off that you can't talk to each other except by. Pre-designed paths that any new path can't suddenly show up and start connecting through there.But I want to touch on something because if there's a relevant story, that applies here quite a bit. It was a manufacturing company. They were working with a large vendor of theirs, and there was an email exchange going back and forth between someone in finance and on both sides. And no one knew that the vendor side's email had been infiltrated.Now, many times, we think, all right, someone gets ahold of my credentials, they're going to jump in and start doing stuff immediately. But we've found that's not the case. Often, we see it hanging out; maybe we'll call it. They're watching, seeing what's going on. They're learning; they see who you talk to, who speaks to you, who you report to, and who reports to you.Who are you doing business with? What kind of language do you use? What's your signature? They're learning as we go. They stayed in the system for, we do not know how long because it was into somebody else's organization. This email transaction went back and forth, and they finally agreed to a $150,000 invoice.Immediately, the attackers jumped in and did a reply to all. They had all the previous email transactions in the email, and they said, Here's the link to pay the $150,000 and the email domain, as they got even trickier. You caught that. It was not the actual domain it was coming from. They got tricky.They bought a domain; they figured it was worth trying. The company had a W in the name. They bought a domain with two Vs. Right next to each other. It looked like a W if your brain wasn't paying attention, and unfortunately, someone clicked the link and paid $150,000; that company was out 150,000 and still owed the vendor $150,000.Wow. Phishing is a big deal, and account compromises are a big deal these days; we must watch out. I cannot stress enough the value, and it's not a hundred percent; it's not a silver bullet. Nothing is, but the value of multifactor authentication or two-factor authentication or MFA or, however, you want to call it, having some additional level besides your login and password that you have to enter, that's a huge difference in security for a very minimal impact in efficiency for people.Lisa Ryan: Wow. And I think about two, and this isn't totally with manufacturing because you do have to be at the plant, obviously, but there's still a lot of people working from home. My husband works for a manufacturer but is in accounting; he gets to work from home a couple of days a week. When you look at that rise in remote work and all the interconnected supply chains, What are some things that manufacturers can do to ensure that the remote work isn't potentially causing any problems?James Fair: Yeah, the organization is mature enough. We can start looking at some sophisticated tools. For instance, internally, we use a product from Microsoft called Intune. Intune is designed for a remote workforce, allowing us to set the same parameters. On devices that we would if they were in the office.So it has to have a screen timeout, and it has to have these specific password parameters, and it has to, it has to have antivirus. We can list a whole series of things a computer must adhere to before being allowed to connect and access company data. I encourage people to look at ways to lock down those devices only to have access if certain criteria are being met.Lisa Ryan: And then we're also looking at things like, you want to be efficient, but you also want to be safe. How would manufacturers balance the productivity they need to make money and the cybersecurity that keeps all their efforts safe?James Fair: That is a great question, and as much as it pains me to say it, security and ease of use tend to be at opposite ends of the spectrum.The most secure computer in the world is the one unplugged, sitting in the middle of the room. It's not very effective that way. And the easiest one to use is the one that doesn't require a password, but we want to be somewhere in between, right? It is about finding a good balancing act.The idea is for a security team to come in and say, you have to do this and this and make your work difficult. That's not the idea. That's never what, certainly what we want to present, right? We want to come in and add some security that works with the business model and the businesspeople.And yeah, we'll add a little bit of MFA, right? We will add a bit of overhead to what we're doing in return for a lot of return insecurity nowadays. We want to base everything on risk. A lot of organizations are playing whack-a-mole, whatever's in the news.That's what they're working on that day to try to block it from happening. They're playing whack-a-mole all the time. And while what they're doing is busy working, it's progressing, and they're making the environment more secure. We want to encourage people to consider the most significant risk to the organization.So, let's make a spreadsheet. We call it a risk register. Let's make a spreadsheet and list all the things we can think of. Other people can think of imaginary scenarios. Who knew we were going to have a nationwide epidemic, right? But list all these things that could occur, their likelihood, and how significant the impact is if it does happen. And then, based on that, let's give it a risk factor. Then let's sort by the risk. And we start working on the things that are the highest risk to the organization first. And we're not playing that whack-a-mole with our time.Lisa Ryan: Wow. That's something. It's funny when you talked about passwords; I don't think a day goes by that I do not utter the sentence. I hate passwords because I forget them all the time. I use one of those password keepers, but it only has some. Yeah. Right, there is that. That maintains that security and does not frustrate your employees.James Fair: Better solutions are coming, and better tech is coming. If you think of it on your laptop, the windows, hello. You open it up; it recognizes your face and logs you in. You didn't have to touch a thing, didn't have to our password, right? Phones are the same thing. Passwordless tech is coming more and more. Hopefully, that's a pain that will soon be a thing of the past for you.Lisa Ryan: And the funny thing is because I like crime shows, I think about the number of where they have the criminal, and they're trying to get into his phone, and they hold the phone up to his face and unlock it.James Fair: Exactly. I thought the same thing. Why do you put a ping on it? Otherwise, put our finger on it, right? Cut your finger off. In the worst case, this is horrible. That's a possibility.Lisa Ryan: Exactly. And it wouldn't be on television if it didn't happen at some point. Yeah. I know that you've worked with a lot of these different cases; what would be, and of course, you're not going into the minute details of it, but what would be a real-world case where you worked with a manufacturer and maybe this is a tale to warn what, what could happen if they're not careful?James Fair: Yeah. We worked with 500 users. The organization here in Utah that had been hit by ransomware multiple times. And they brought us on, unfortunately, before we could get everything solidified. They got hit one more time. It was through one of...

Sep 4, 2023 • 30min
Maximizing ROI in Manufacturing: The Hidden Opportunity of R&D Tax Credits with Casey Barka
Connect with Casey Barka:Website: www.striketax.comLinkedIn: https://www.linkedin.com/in/caseybarka/Lisa Ryan:: Hey. It's Lisa Ryan. Welcome to the manufacturer's network podcast. I'm here today with Casey Barker. Casey is an R&D tax credit expert with 20 years of industry knowledge and nine years of proven experience calculating R&D tax credits for major accounting and financial service firms. Before co-founding Strike, Casey spent eight years in the petrochemical industry in Houston, Texas. His distinguished knowledge of the dynamic properties of polyethylene polypropylene and styrene-butadiene copolymer resins drove significant department improvement. I'm glad I got all those out. And, Casey, welcome to the show.Casey Barka::: Thank you very much, Lisa. Glad to be here.Lisa Ryan:: share a little about your background and what led you to do what you're doing.Casey Barka:: I hail from the great state of Wisconsin originally. My bachelor's is actually in biochemistry and molecular biology. I had hopes and aspirations of going into the medical field. And as life hands you lemons, I went to the army and traveled the world for a few years. Happy to have served my country there. And after that, I found my way to Houston, Texas, an oil and gas hub. It was a very natural landing place for me. I spent 8 to ten years with various large Chevron Total big names in the industry, primarily focused on plastics and polymers; as you mentioned, I got my MBA as I worked up the corporate ladder. I just happened upon a job posting for research and development Credit Consulting, and it hurt my interest. And as the story goes, here we are ten years later. I co-founded Strike Tax Advisory, headquartered in Boise, Idaho. I am leading part of a team here in Houston. And, yeah, really excited to talk to your group about how R&D tax credits can benefit the manufacturing industry.Lisa Ryan:: Let's start at the very beginning. What is an R&D tax credit? And how does it relate to manufacturing? Why do we care?Casey Barka:: Okay. Good question. For those of you that may not be familiar, the research and development tax credit, its common name, officially, is the credit for increasing research activities. This is section 41 of the Art of the tax code. It's been around since the early eighties. That's a Ronald Reagan-era credit. It was meant to incentivize US-based companies to keep those high-tech, high-paying jobs here in the US as opposed to being offshored to that was the primary driver. It's technically a glorified jobs credit if you want to get down to it. Over the last 40-plus years, there have been many changes to the tax code itself.There's been a lot of judicial precedent that has been established that goes into what is R&D and what is not R&D. That's primarily our job is to help our clients determine what expenses they are incurring on what we consider to be an R&D project. That can be anything from a product. It can be a process. It can be a formulation, invention, or technique. It can be it's an extensive bird. Not only to the manufacturing industry but also applies to many food and beverage architecture, engineering, medical, and pharmaceutical software; we work with many different industries. Manufacturing is the number 2 or 3 industry we work with here at Stripe. And as you're getting into manufacturing itself, there are many sub-industries that we work with. Everything from agriculture to apparel and textiles, Oil And Gas is there. Robotics, tool and die manufacturers, and semiconductors. The list goes on, and we work with these R&D tax credits.Lisa Ryan: [00:04:12]:So you mentioned that I thought about what R&D is and isn't fascinating. It just sounds like it's research and development. What might your clients think is R & D but isn't?Casey Barka: Yes. Many people believe that this is the white lab coat, beakers, and goggles, mixing and doing things of that nature, but it's much more than that. The way that the credit is, we call it an R&D study. We're doing a study for each of our clients. And as we're diving in, it's a project-based analysis. We look at your projects or R&D initiatives, which can be very broad in scope. What we always fall back to is the 4 part test. This is the basis for a lot of our analysis. You must start with what's called the permitted purpose. Now this is basically what you are doing. As I mentioned, this could be the product process improvement, formulation, technique, or patent. You're trying to impart newer, improved functionality, performance, quality, reliability, and tangible metrics. You're not quite sure how that's going to go. You have to have some technical uncertainty or a challenge. That can be in a couple of different forms.It could be you didn't know if you could do it. It could be capability, or it may not. You might not know what the optimal design will be or how you will do this. The methodology that goes into that to overcome those. That's the second prong, by the way, the uncertainty. To overcome that uncertainty, you go through a process of experimentation. Now this, again, is unique to each client that we have. Not everybody does things the same way, but it's looking at a regimen or trial and error.It can be some formalized product development life cycle that you may have, a stage gate process, or a mechanism that our clients have in place where they evaluate alternative solutions. They have a hypothesis and devise ways to test it to see the best design. They go through some modeling or simulation. They go through prototyping stages where they test and ensure they achieve the requirements and specifications they sought to develop or design. That's the 3rd prong, like, the how you do it. What was that process, and what did it look like?And the 4th part of this is we're only looking at the technological activities. These are based on the hard sciences. We're not concerned about your marketing, sales, and HR back-office. We're looking at those people actively using biology, chemistry, physics, engineering principles, and things of that nature and applying those concepts in and throughout that 4-part test. We analyze which projects are qualified and which are disqualified and removed from the analysis for each of those projects. Once we have qualified projects, we start getting into the qualified expenses associated with each of those projects.Lisa Ryan: This may be a similar question, but are there other common misconceptions people have about R&D tax credits in the manufacturing industry?Casey Barka: You would be surprised. We hear it's good to be skeptical of whether or not you qualify for this because not everybody is qualified or doing qualified activities. Here at Strike, we ensure we do everything by the book. It's very ethical. We're not overinflating your credits because part of what we do is stand behind our work. We have a money-back guarantee on anything we help our clients claim.Some of those misconceptions, we don't qualify. Our main thought is that we're just doing general production. The question to that is, do you need to improve your products? Do you need to go through and add new features and enhancements, or are you adding automation on the process side? Are you increasing your throughput and efficiency and improving your quality metrics? Those are all process improvement initiatives we see in the manufacturing sector that people often don't think about, but that is a qualified R&D activity.That process improvement and things of that nature, some people don't think we don't have engineers on staff. We do a lot of on-the-job training. We hire from tech schools. It doesn't matter. Again, it's based on the activities that you're doing. And if you're doing the If you're using the scientific principles in this in the improvements that you're making within your facility, often that would be qualified. And often, clients don't understand the full breadth of expenses we can also claim. For each project, we can look at not only your employee wages but also your taxable W2 box 1. That's what we're looking for. But raw materials and supplies are used during the R&D process.If you're doing prototyping, if you're doing first articles, if you're doing certifications and things of that nature before production, all of the supplies that went into that first article, or maybe you had to go through four different versions of that prototype before you stamped it off for production. For each of those four, you're still resolving that to uncertainty. Whether it is a design or your methods, the raw materials can add up quickly if you outsource to a third-party contractor. You may not have those fee capabilities in-house. There are often testing facilities that people will send samples to or have those contract employees, the ten people you pay, inside your facility. That contractor costs, as long as they're doing the qualified activities I mentioned before, but we can count those expenses. Then the fourth one will probably only apply to some of our manufacturing clients, but you can include computer rent for our software clients developing in the cloud. They're paying for their development for Amazon Web Services and Microsoft Azure if we can include them.Lisa Ryan: Okay. Do you have some examples of people you've worked with, like other manufacturers, who have benefited from R&D tax credits?Casey Barka:: We have had to thin down the list. We've worked with over 400 R & D clients now. I picked a couple of examples I did want to share. Our custom racing engine manufacturer in Houston is one of our clients. They have about 20 employees or so. Almost half of them were involved in designing and building these custom racing engines. And from 27 to 2021, we got them close to $660,000 of tax credits that are cash in your hand. These are refunds from the IRS or a reduction of your tax liability in the current year.Another robotics client that we had. We've done a couple of these very similar, about ten to 15 employees, about $600,000 of credits. One client I have in Indiana, another robotics. They build custom gantries and things of that nature that are used in manufacturing. They're developing the robotics going into the end user's facilities. And about 40 employees in that company, about 25, are very technical and engineering-focused. We got them $3,700,000,000 over five years. We've worked with them. These credits can be very lucrative and help move that needle to get companies to pay 0 tax if they're doing the right types of activities and they have the expenses to show court.Lisa Ryan: What were they doing before? Do a lot of manufacturers not know that these tax credits exist, or are they just doing it poorly, or what was happening before they were suddenly saving all this $600,000 or $3,000,000?Casey Barka: You hit it right on the head. There are many we'd be able to out there that don't know this is on the books. It's that it's an incentive that is available to them. I've studied for some IRS certifications, things of that nature, and the 1200 pages of study materials for the full tax code. Section 41 was two paragraphs out of that. It's a very niche credit. Not a lot of people know about it. Even the CPAs that we partner with are helping their clients. We're often educating them for the first time. I remember hearing about this, but I don't have the bandwidth to do it. And that's what we hear, and that's why striking exists is that CPAs they're swamped. They're handling most of the general tax return, and they don't have the bandwidth to do these specialty calculations, which are pretty complex and require an outside expert who should be able to do it accurately and sustain the credits we calculate.Lisa Ryan: All I'm thinking about is not reading a 1200-page document on tax code. But good for you for finding that one paragraph that makes all the difference because that would just not be my strength.Casey Barka: Yeah. I'm not going to lie. A tax code reading all of that is not the most enjoyable. Still, after you have it in your brain for as many years as I have, it's kind of like the back of your hand that then it just applies to being able to disseminate that information to our clients and educate them on what they should have been claiming all along. We've just recently signed a client that's been around since 88, I believe, 89. A manufacturing client founded them. And literally, they could have been claiming this since they opened their doors. Every year, they're working on new product launches and things they want to add to their catalog or portfolio of products they're selling to the public, and we're going to be able to go back to the prior three years. We can go back and amend your three previous years' tax returns. As long as it's still open for amendment, you can go back and calculate these credits, claim them on an amended return, and get a refund check back from the IRS.Lisa Ryan: Okay. So, yeah, that answered my question - for the last 30 years of that, they were screwed, but for the last three years, they could go back and get some of that.Casey Barka: Correct. That's right.Lisa Ryan: You mentioned how much the tax code changes every year. What has? Can you provide us with an overview of what changed for 2022 and some of the challenges that manufacturers face if things like, I think it's section 174? If some of these changes are still being overturned.Casey Barka: Yeah. This has been a real eye-opener for many of our clients, and it's not necessarily in a good way. Unfortunately, in 2017, the Tax Cuts And Jobs Act was passed. This was a way that lowered the corporate tax rate down back down to 21%. It had some other incentives and things of that nature in there. But they had to figure out how to pay for those tax cuts. What they what the way it was written is they had five years before these changes took effect.For 2022, let me back up. It might be easier. What is the interplay between section 174 that you mentioned and section 41? If you want to think about an icon bull's eye with concentric circles in it. Your business incurs in a given year if you have all the expenses. That can be everything from your meals and entertainment to your depreciation expense, to all those different things that fall underneath costs, right, then your general ledger. Section 1 74 has to do with research and experimentation. Section 41 is a subset of that. Now section 41 is used to calculate your R&D tax credit for research-increasing research activities. What changed is that before 2022, nobody cared about 1 74. It was always there in order to have an R&D credit; the expense has to be subject to 174. That was the initial qualification. After that, CPAs didn't care. They just put it all in any general business expenses. For 2022, they took away the ability for a taxpayer to deduct ten percent of those expenses in the year.What has to happen now is that any research and experimentation expenses must be now capitalized and amortized over Five years. And there is a midpoint convention to that, without getting into the weeds; essentially, you had $1,000,000 of research expense to throw out a nice round number. k. For 2022, instead of deducting or writing off that $1,000,000, you can only deduct ten percent or $100,000. The other 900,000 gets added back to taxable income. That means that anybody that's doing R&D or RNE if you will. 2022 has become an eye-opener, painful, higher tax bills for many clients. And it is the tax code. It's the way it's written. There is a considerable push from various lobbying groups that we've partnered with from an education standpoint. So, like, the National Association of Manufacturers, nam.org. I think a lot of you are familiar with that. They have taken a spearhead to this and are actively trying to get people to reach out to their legislation, representatives, and senators.Two bills are in Congress now - one in the Senate and one in the House that is looking to change this law, mainly because it's detrimental to the people doing the innovation and driving growth in the US. This is a kick in the teeth if you will. And there are companies I've worked explicitly on where the owner had to take out a $1,500,000 personal loan this year to cover his tax bill just because of this rule change. And -- Wow. -- and, again, it's across the board. If you want to extrapolate that to Tesla and Lockheed Martin doing R&D, they're spending a million dollars, and only ten percent of that can be written off in a year. The big companies are feeling the hit as well. They've had to reissue some 10Ks for the publicly traded companies because their profitability outlook went through the floor.Lisa Ryan: Wow. Oh, and you'd think that with something like this, it would really stimulate, like you said, not only keeping manufacturing here in the United States but also stimulating innovation and growth within manufacturers because they're constantly looking for ways to improve their products. What do you see again regarding how they've used those credits to stimulate innovation and growth up until now?Casey Barka: If you want to consider it a blank check. It's money that you are owed; you're refunded. It's real cash in hand. Suppose you are a manufacturer and you qualify. In that case, you're doing these types of research projects, your new product releases, process improvements, you're getting, you're doing stuff, and you're getting patents. Patents are a great way to substantiate that you are doing R&D., But you can use this to hire more people, right? Say I threw out a $1,000,000 earlier in the back of the napkin calculation at the federal level; think about ten% returns. for every $1,000,000 that you spend, you'll probably get a $ten0,000, give or take, of actual R&D credit. that's a dollar-for-dollar deduction of your tax liability. It's not a deduction. It's a tax credit that is the bottom line. What is your overall tax liability? Credits are there to reduce that down to 0. Yes. You can hire more people. You can buy equipment. You can plan for that expansion that you want to do to your facility and add new capabilities and things of that nature. And in addition, you can use that as a tax planning tool because manufacturers we deal with frequently like to run close to even. They don't want to pay a lot of tax. They don't want to be at a loss, either. They try getting as close to netting out at 0 as possible. But now, if you know that you have this pool of tax credits, you can work with your CPAs to maybe change the way that you're doing your bonus depreciation, maybe the way that you're doing the way that you're writing off some of your assets, you can use them as a way to raise your taxable income. Still,...

Aug 21, 2023 • 28min
Felt Marketing for Manufacturers: Uncomplicating Success in the Manufacturing World with Allison DeFord
Connect with Allison DeFord:LinkedIn: https://www.linkedin.com/in/allisondeford/Email: allison@feltmarketing.comLisa Ryan: Hey, it's Lisa Ryan. Welcome to the Manufacturer's Network podcast. I'm excited to introduce our guest today, Allison DeFord. Allison is the founder and trailblazer at felt marketing for manufacturers, and also an expert on the manufacturing MA Masters platform and the overly caffeinated host of the Manufacturing Masters podcast.She lives to rid the manufacturing world of the web. We syndrome and guide manufacturers to being seen, heard, and felt by their ideal customers. Allison, welcome to the show.Allison DeFord is Excited to be here. Thank you for having me.Lisa Ryan: Share a little about your background and what led you to do what you're doing with manufacturers.Allison DeFord, it's mostly the fact that they are makers, and that's always fascinated me. They make something from nothing. And for me, it's the people, the stories. Many companies we work with, granddad or grandma, bootstrapped had two nickels rubbed together, but they solved a problem.They created something that didn't exist to solve a problem. And I think the coolest thing about manufacturing is making something from nothing again. And I love its technology side and its evolution over the years. It used to be considered blue-collar, grungy, dark, whatever. It's the complete opposite today. And I just find that very exciting, watching the transformation, and yeah, I live to help people communicate better, and that's the reason that we are called Felt. The most beloved and successful manufacturers are not just seen and heard.But they're felt and connected to the heart of their customers, and that's not an easy task. And we're good at helping them do that, especially small to mid-size manufacturers. That's just my absolute favorite to work with.Lisa Ryan: Yeah. Awesome. And it reminds me of when I was in the welding industry, and it was literally at that time it was everything your mother ever warned you about the same thing, dark, dirty, dangerous.You'd walk in; everything was gross. Now I walk into these plants, and they're bright, shiny, and automated, and as you said, the technology is just amazing, and you start bringing in robots. It's also a recruiting tool because a candidate is walking in. They're like, that's the coolest thing ever. I want to work on that.Allison DeFord And good point, too, because there's all that talk of the robots taking our jobs. No. They're there to take over the repetitive stuff so that you can elevate the talented people that work with you.Yeah. Yeah. And when I've had people on the line on the show talking about automation, a good place to start I've found they have found is, what is the task your employees hate doing the most?And automate that because, again, you're showing them that you're listening to them and you're giving them other things to do that is a better use of their talent than whatever that manual labor task that a robot could do easier and cheaper and not call in sick. .if you could be marketing for any industry, why did you, why else did you choose manufacturing?Lisa Ryan: Why do you specialize in that?Allison DeFord We looked at this model years ago with our own business. We're the test dummy; I don't serve you something I haven't tried myself. And we figured out that distributors, for example, are looking to the manufacturer. For the marketing literature and the support and training, the dealers are looking to the manufacturer, and we thought, why would we want to work with anybody else?But the main, the maker everybody's looking to for the marketing support, that help, and that training. It just made sense to support them; the manufacturer is like that foundational person or foundational component, and it's the backbone of this country. I get excited about that.Lisa Ryan: Oh yeah. If you just look around, you. Somebody has made everything that we're looking at. Yep. Oh. I always joke with my friends that if I'm speaking at a weird, if there's a weird association, chances are I'm speaking to it because there are associations for everything. It is the coolest thing to be around makers passionate about things nobody else thinks about.Allison DeFord: Yes. Until they have to replace them or they break. Lisa Ryan: So I have to ask you, what is the We Syndrome, and how is it hurting manufacturers?Allison DeFord: If you look at most manufacturers' websites, let's say you do the five-second speed test. How many times do they use the word we?Look at their social media posts. How many times are they talking about themselves? And what I have had great success doing is helping manufacturers overcome this. And again, you and I have discussed here some things you can do to help yourself that don't cost any money or a lot of money.This is one of them. Flip the script and address. The viewer address, the prospective customer, or the customer who's coming back to your website or looking at your social media feed, you need to lead with them, not you. And I have this little story that I've shared a million times, and people are probably tired of hearing about it, but I found this image years ago a stock photo. It's this little boy, and he's staring at his navel, and he's like squeezing it together, like making it talk. And he's just fascinated with his navel. And to me, that's the Wewe syndrome. I grew up with cousins. I grew up in Indiana, and many boy cousins ran around with their shirts off, and I couldn't; I was a little jealous.Because it was humid as you know what, And they were just fascinated. They were just fascinated with their own navel and thought I was hilarious. And I, that's what I see companies doing. I've been guilty of it myself. Again, I'm not pointing fingers; three are always pointing back at you.It's to flip the script once and for all and show your prospective buyer or your current customer. This is what's in it for you. This is why you should buy this, and this is why you should buy it from us. This is how it will transform some part of your life or business. Flipping the script on the wee is, yeah, it's imperative, and it doesn't take a lot of effort.Lisa Ryan: No. Just switching those to use. And make a huge difference. It reminds me of my own marketing material that I, it's the same kind of thing, but I called it doing eye surgery, and that you go through and remove every time, I say I love that eye. Are you doing we surgery? Yes. But it's important.When it comes to marketing, it's not something that, You think a lot about when you are a manufacturer that you know, I make this stuff, people are going to come to me. How are you? What are the areas that you focus on when it comes to working with your clients in their marketing efforts?Allison DeFord: The brand foundation is number one. I always say marketing happens from the inside out, right? Or from the top. We talk about shit rolls downhill. Yeah. I find that most small to mid-size manufacturers I encounter don't have a compelling, unique value proposition.They're not leading with what's the promise? What's the thing that makes you different? Why should I care? What's in it for me? They're missing that the unique value proposition is key. How do you get to that? I take a look at who are your audience personas. Who, what do they look like?We don't have that. We have it here, but we don't have it in A P D F, or we've never put it on paper. It's imperative to understand who you're marketing for and on behalf of, not at. The major way we are different is that we're not trained to help you interrupt. We convince.It's connecting to the heart of your ideal customer. Because people don't make decisions rationally. 90% of the time, they make decisions based on emotion. Why not connect on an emotional level that's imperative? It's that brand foundation stuff that's usually missing.Also, they are usually missing a brand personality and a brand voice. I use Target as an example, even though they're a retailer. We can learn a lot from B2C. You see a commercial come on. Or maybe a radio spot or whatever; it's targeted before they even show you the bullseye logo at the end because there's a voice, there's a tone - same thing with brands like Yeti Gerber Knives. I could go on forever. But those are the ones that are memorable because they have, they're distinct, and they mean something to you. And then a strategy. Most manufacturers are missing a cohesive and not like some 80-page document that they're never going to follow, but create a holistic system as I think of the Hoberman sphere, and when you open it up, it's, and it's all connected.So how is your messaging connected? How is it connecting? Is it consistent? Is it relevant? And are you leading with what's in it for them? You have to help people self-serve because they're what, 80, excuse me, percent through the buying cycle before they ever pick up the phone to call you. And if they're millennials or younger, they don't want to pick up the phone, right?They don't want a salesperson to call them ever. They want to do it all digitally, and they want it to feel. Easy. Helping people overcome a lack of content, like we don't know what to talk about, is what we help you figure out. How often should we do it? Where should we do it? Do we have to be on every social media platform?No, you do not, but be where your people are. That's the whole ticket. It's breaking it down and dispelling the myths. Most manufacturers feel overwhelmed with marketing at this point, and I can see why. It's easy. It's easy to do, right? There's much more, and it's changing quickly.So it's like, where do I start? What do I don't know what to do? Guiding them. And what you're guiding, what appeared to me is that it is bringing back the passion for why you started your business. As far as what is that, you talked a couple of times about the promise in your unique value proposition, but why did you even start your company in your garage 20 years ago?What is it that you knew you could do better than anyone else? What is it that you are passionate about? How are you different? And I think if we just even go back to the very foundation. Of, the, of why we even started our business because it wasn't to make cheap stuff that well, we're a penny cheaper than anybody else, and that's why I started my business.There's no passion in that. And we can start to build our branding, or you can also help them build their branding by taking them back to the essence of what makes them unique from every other maker out there. Yes, and I find that most manufacturers make the mistake of talking about what they do, and what they make instead of why they do it, which is what you just said, right?And that's people don't buy from you because of what you make. They buy from you because of why you do it. And what's in it for them? How does it? How does it empower them? How does it make their life easier? Nobody wants to buy a drill, but they do want to make a three-quarter hole, make a hole.Yep. Most manufacturers have such a unique story. Nobody else has, but they've bought into this idea that we need to tell people how long we've been in business, how many square feet of manufacturing floor space we have, our history the more we tell you about ourselves and the, the products that we make, the more compelling it's going to be.And it's not. But when you start from a place of difference, for example, one of our clients is a custom circuit board manufacturer. And when you look at his competitors, everybody's saying the same thing, right? There's a lot of; there's a lot of me too. There's a lot of wee. And we looked at their operation, their business. They have 20 employees.They're not doing gazillions of dollars a year yet, but they've been around for a long time. And I said, you know what you guys do better than anybody else. You uncomplicate something complicated. You uncomplicate circuit board assembly, and your team is down to earth, and there's just this human element with this technological, Piece that I said, that's what makes you guys different.And as soon as we flipped that, and we led with that on their website, I, he's had people ring him up, and we rebranded, changed their logo, and made it a lot more relevant today. And he's gotten many compliments. People are like, oh my gosh, I love what you're saying. I love this.It's speaking to people. Sometimes it's something as simple as you uncomplicate something. Another manufacturer we work with, your natural gift is that you guys make this part of the construction process easy. Your competitors are all big corporate; they're doing many other things.They make it hard. You guys make it easy at every turn, and they said is that unique enough? And they said it is. No one else is talking about it. It doesn't have to be complicated. That's the thing, it's usually right under your nose, and you're just too close to it to see it yourself.Lisa Ryan: And it can be something that everybody else is doing. Several years ago, one of the beer companies came out with a label that turned blue. If the beer was super cold, I'm sorry. Everybody's beer will be the same amount of cold.But because they thought ahead, to make theirs blue. Everybody started thinking that theirs must be colder, but that was because they had something different that nobody else was talking about. You find that one thing you just summed up beautifully that you can own.Speaking of providing services and benefits to manufacturers, I have been an expert on manufacturing masters. I know that is your baby and your passion. Why don't you tell us a little bit about what the Manufacturing Masters platform is and why it's valuable for manufacturers and reps?Allison DeFord: Great question. It's the baby of Darren Mitchell; I give him all the credit. Yeah, he's awesome. He is an entrepreneur; I call him Midas. Everything he touches turns to gold, and he's very down-to-earth. And he created this Netflix for manufacturers because of what he likes to call it.But instead of entertainment, it's education and best practices. And me and my company had the great pleasure of helping him name it and develop a brand, and we came up with the tagline, everything they never taught you in school. That's what you're going to find on this platform. And the cool thing about it, Is you're not being educated by just willy-nilly random people, right?These are up to 130 vetted, battle-tested, and trusted experts. I'm on there talking about marketing. You're on there as well. It's every possible subject that you can think of. And one of my favorite stories, Is Darren was in a room with a bunch of manufacturers, and he was, they were talking about this platform, and the one guy just he'd been real quiet, and he raised his hand.Darren said, yeah, what's up? He said I've been doing my job for 26 years, and until I watched the best practices about, I can't remember what the exact topic was until I watched those on this on manufacturing masters. I had no idea what best practices even looked like for my job, and now I do. He's God; I wish I would've had this years ago.And it was just; it's that kind of transformation that happens. And the cool thing is I also have the gift of working with MEPs and associations to bring this to their entire audience. And Darren has priced it in such a way because he fully. NPS and associations and their value is that when they bring this into their program and offer it to their people, not just one person gets to subscribe.Every person in that manufacturing company gets to subscribe for the same. It's all covered. It's incredible. He keeps opening it up. And I keep saying, wow, when I think you're being too generous, you get more generous. And he said that's the point I wanted to bring this to people like me.He owned a business for 26 years, 25 maybe. And he said A lot of times you feel alone. Yeah. You don't know all the stuff that you need to know. And if you can have this support system at your fingertips, It's on demand; it's short. He purposely made, and you know this, every video is like anywhere from two minutes to, some of mine were 20 minutes because I was one of the ones at the beginning, and he's we have to shorten this up.We have to make it the right size and easy to consume on your time. You can grab this nugget and put it into action.Lisa Ryan: Yeah. Most of mine are in the five to seven-minute range. But the interesting thing about the platform that you alluded to is that regarding people being vetted, it's like any sponsors do not pay Darren to be who I want to be, and I have my own channel on manufacturing masters.Allison DeFord: I felt very blessed that he found me because of my work and invited me to participate. But if I would've just found him and started prospecting and trying to sell him on why I would be such a great expert, there's no way he would've had me unless he did the full background.So that's what I like about it, is that it's real people. Real plants. It's not you don't have. I'm a professional speaker, but I am the exception versus the rule. And you're just getting real people sharing their stories about what they do. And as you said, you've seen people learning in those little snippets of information many times.You must have access to something that I could sit down with, I could watch a five-minute or a 10-minute video, get some great ideas that I can put into practice, and you know what? And if it's not right for me, maybe it's not right this time, and I go on to another expert because I have 139 more people I can watch.And when you were on the Manufacturing Masters podcast, you brought up an excellent point, and I think it segues beautifully with this or ties in, I should say. You said it's not 2019 anymore. We can never return, so this platform is incredibly important and relevant today.Number one, everybody's zoomed out at this point, right? And we're working differently than before, consuming much information, news, and social media feeds. It's overwhelming to me, frankly. It's a.when you have many options. It has to be. Our attention spans are, have shortened tremendously.So that's why I think it was brilliant on his part to make these all very short to the point; he had zero fluff. Nobody's trying to sell you anything, right? It's, let's jump into this topic and

Aug 7, 2023 • 26min
Revitalizing Manufacturing Brands for Growth: Insights with Ed Delia
Connect with Ed Delia: edelia@delianet.comWebsite: Delianet.comLinkedIn: https://www.linkedin.com/in/eddelia/Lisa Ryan: Hey, it's Lisa Ryan. Welcome to the Manufacturers Network podcast. I'm here today with Ed Delia. Ed is president of Delia Associates, a B2B brand growth firm based in White House, New Jersey. As a second generation of the firm founded by his father, Ed and his team of 12 serve a broad range of manufacturers in various market sectors, helping them use brand power to accentuate growth. Delia Associates has received over 50 industry awards for B2B brand marketing effectiveness in the last four years alone. Ed, welcome to the show.Ed Delia: Thanks much for having me, Lisa. Great to be here.Lisa Ryan: share a little about your background and what led you to do what you're doing with Delia.Ed Delia: Sure. Delia Associates was founded in 1964 by my father. Being part of a family and a family business, you grew up around it. I was always. And involved in the family business but never see it as a future occupation. Until shortly after college, I was all set to take a job outside of Philadelphia, and Dad and I had one of those heart-to-heart talks, and he said what do you think about coming into the business?Learning it from the ground up, and you buy me out and take it over? And it took a weekend to think about it. And said, wow, I'm about to pass up on business ownership. I don't think I should do that hastily. I said, yes, let's do this. And when you're in a good place, when time kind of flies, I looked up, and a year passed by, and I blinked.I'm like, wow, okay. Things are moving fast. I'm learning a lot. I'm doing a lot. This must be a good fit for me. That's where it all started. And. A few years later, we executed the buyout process, and then some years later, my dad retired, and the ship was mine. It started as a traditional business-to-business advertising and PR firm.And I always had a real keen interest and passion for brands. After taking over, I started to explore and immerse myself in the power of the brand. I realized at the time there was an unmet need where there were a lot of manufacturers who were our clients. Historically, They've been clients in manufacturing, engineering, processing technologies, and automation.There was no real clear sensibility of brand the power of a brand. It became my mission to bring that to them and to bring that to that audience and help them understand how powerful a brand could be when its marketing programs were enriched with a brand strategy and intent. So that became my life's work to date.Lisa Ryan: Okay. And you think of manufacturing, you think of brands with the large manufacturers out there, but when it comes to your small and medium, mid-sized manufacturers, how important is your brand to near and long-term success and growth of the organization, no matter your size?Ed Delia: It's critical even for the small manufacturers because they all compete. They're competing with companies of the same size, of smaller sizes. And often, they're trying to compete with much bigger entities. For them to have a voice in the mix, they can use brand power to accentuate their reason for being their mission, the value that they bring to we often say to our clients because some of them are small and mid-sized manufacturers, it's not about being the biggest, it's about being positioned as the best.Because when a buyer sees you as the best possible option, and they have that emotional connection through your brand, they're going to say, we're going to go with this firm. They're the best; they're the best fit for what we need right now. And then that's how we aim to position our clients.Lisa Ryan: if they, everybody has a brand, whether they've focused on it or not. And especially in the last couple of years when everything has changed. How would a manufacturer know when it's time to either rebrand or rethink its image and position in the marketplace?Ed Delia: It's a great question, and we often come up against that one. We often say it's time to rebrand, and we see this often when the organization's capabilities have outpaced the image. We'll often hear things from CEOs like we are; we're capable of much more. We're capable of bigger opportunities. We're not getting them. The larger clients or, the bigger engagements aren't seeing our value.And that's because their capabilities, from a capability standpoint, they're up to the task. They can handle the biggest, the strongest, the most complex requirements. But from a brand standpoint, they're just not being seen that way. Often say to Clarence, it's not; we all know about if we use a phishing metaphor; we all know about the big one that got away.But I'm more worried about all the fish that circled the bait and never took a bite because they said, no, this is not a good fit for us. They're not up to the task. They can't handle our needs based on how their brand is positioned. Ensuring that the brand is commensurate with the organization's capabilities is critical.And a lot of times we see that they. The organization has outpaced its identity, and that's when it's time for a refresh. And we see ten other common triggers to rethink or reposition the brand. But that would be a big one.Lisa Ryan: You think of branding or branding and marketing and all of this stuff, which just sounds expensive. What are some low-cost ideas that can get manufacturers to get started about thinking of their brand and then determining where they want to go if they want to make a larger investment, but take that fear and that, oh boy, I'm going to have to write a massive check to get anything done? What, how can they get started?Ed Delia: One of the things that we often do as a first step is to start a very focused conversation around growth before we even endeavor to get into discussions around the brand. Because sometimes, if a manufacturing leader doesn't fully understand or can't wrap their head around the brand initially, they most certainly understand growth.And often, we will work through a bit of a growth model where we help them prioritize the top three to five growth channels for their organization. That is ultimately going to move the lever and the needle. And then, from there, we start to assess whether that growth strategy could be realized with the current brand or if brand revitalization is required.It's not always necessary, and it's not always the first step. It's just an important step when the company is stalled, has hit a plateau, or is being held back by the brand. And then it's easier to make that value proposition because we're like it's not much what we're paying for, it's what we're losing in terms to competitors or the opportunities we're not getting If we had a stronger brand, we would be growing faster and further.It's been proven that well-branded companies will outpace their non-branded counterparts by two to one. There is an acceleration there once you do go down the path.Lisa Ryan: when you talk about growth, that probably means a lot of things to other people. And you said different components of growth. What do you mean by that?Ed Delia: When we look at a B2B or manufacturing enterprise, there are three primary growth methods. You either get more new customers or extend and expand current relationships with current customers. Or you increase buying frequency.Those are the three primary growth methods for a B2B organization or a manufacturer. From there, we've modeled that for each of those methods, there are ten growth channels a manufacturer could engage in to create that growth. Now, what you're left with then is 30 growth channels.That's a lot for anybody to swallow, even a large organization. I never suggest that. What we work with our clients to do is say, what are the top three to five that in the next 15 to 24 months will most readily and rapidly move the needle for this organization? And that's what we prioritize.And then that's what we encourage them, therefore, facing service and sales teams to prioritize. And then that's what's the prioritization in marketing. We're always working towards a growth strategy that, at the end of a period, we can say, how did we move the needle? Did we, ultimately, affect the change?And the strategies could range from either expanding a service line or expanding to a new market sector. Or, in adjacent markets, let's say the manufacturer sells into pharmaceuticals, and they see an opportunity to sell into it. Maybe the veterinary or medical device market is an adjacent or somewhat adjacent industry.Let's look at how to pivot and extend that way. Or it could also be establishing joint ventures or partnerships with other supply chain providers to extend their reach. It could also involve this one that big and large, big and small manufacturers miss asking for referrals and introductions.It sounds simple. But you would be surprised that even the most accomplished sales professionals don't do that or don't know how to do that well; sometimes it's as simple as that we helped the company almost double in two years just by saying, look at all the relationships you have. Imagine if you went out and smartly asked for introductions, and they did, and the growth was phenomenal.Lisa Ryan: I think the critical thing to learn from that lesson is a lot of times, we're going to hire a marketing company to come in and do a rebranding, and we want to do everything at once. And as you said, there are 30 different channels that they could choose from, and then just determining from the standpoint of what is the three that we should at least start with and get those going.Ed Delia: And maybe that baby step is we're going to teach you how to ask for referrals. It's not doing everything all at once. It's doing one thing, getting good at it, then doing the next.So it's almost like you're getting 1% better with everything you do. Over time, that will lead to big changes, but not getting. It sounds like you're helping them not to be overwhelmed with this whole process by reigning them in a little bit. That is very much, very well stated. We often say it's better to execute with excellence than do too much or too little.So I would rather see a company do three to five things incredibly well than try to take on 10 or 15 initiatives and fail at all of them. And that's part of the prioritization, which will get them down the path, the best way, the furthest, the fastest, and the best possible way.And that's where we prioritize. Yeah, it's only sometimes doing it all at once. We also have to consider bandwidth, resources, and what they can do, manage, and afford at a given period. That's commensurate with their organization. That's factored in as well.So I would never put on the table a massive program for a small niche manufacturer that they could never afford or even undertake doesn't make sense. Let's fix some doable strategies and paths that align with our focus and desire for growth, and let's work on those and execute them well.Lisa Ryan: aside from the increased visibility we've been discussing with the brand, what do you think are some other benefits people get when portraying a strong brand?Ed Delia: Interestingly, over the last two to three years, we've been getting more requests for rebranding from the manufacturing community driven by hr.Be driven, being driven by sales and marketing. And the reason is many manufacturers need help attracting and retaining great talent. Often, they have an employee population starting to age and look to retirement. Those people have a lot of tribal knowledge.They know a lot, and they can do a lot, but eventually, they're going to, they're going to say, okay, I'm done. It's time to retire. And there's just not that next generation coming up through the ranks that will take on those positions. And many of the emerging workforce generations, mainly the millennials and a little Gen Y, are just not seeing manufacturing as a sexy path.Although they can do great things in manufacturing, they can make. Some healthy incomes in manufacturing, right? We've been doing a lot of brand development and campaigning around attracting talent versus new customers for our manufacturing clients. That's become a big benefit. And a lot of the leadership and manufacturing are manufacturing realizes we better look the part for this emerging generation; we better showcase as a place that welcomes them is a good place for them too. To come, grow, and develop as our next great employee population.Lisa Ryan: Wow. Yeah. That's such a good point because I know a lot of times on this show, we talk about the workforce and how hard it is to find people who want to come into manufacturing, and then what do you do to keep them? It sounds like. When you have that strong brand, you are creating a workplace that people are proud to work for because it's known, a brand that's respected, and a brand that people are proud to work for and do business with. It would make attracting people to at least check out the organization easier.Ed Delia: Yeah. And the emerging workforce, they, they're. They're a little different than maybe a year in my day when we were entering the workforce and just happy to get a job. Exactly. Let's just get that first job. That's all we care about. They want to work for a place that has meaning, contributes to the greater good, has a purpose, and is on a journey where there's growth. They're looking for a lot more out of the experience of working, and The manufacturing leadership needs to be attended to that and can't stick to the old ways of just saying, oh, just be happy to be employed and have a job.Lots of places and ways for them to do that. And they don't need to be in the manufacturing community to do that. Manufacturers have to work harder, too. I would say the industry at large could be doing a better job at doing some missionary work to showcase that manufacturing is a great career path for the next generation workforce.Lisa Ryan: Oh. There was much gold in what you just said there, but even showcasing manufacturing, what dawned on me too is the manufacturing day, the first Friday in October, to use that as even a kickoff to your branding to show that this is what we're doing in the community, this is how we're interacting. This is our brand, and. Also, to realize that we are not returning to the good old days. Sometimes in my talk, when I'm talking about keeping your top talent from becoming someone else's, and these people come in, and they have that attitude that nobody wants to work anymore, and I can't pay these people enough, and they're not willing to pay their dues.Nobody's going to pay their dues anymore. They don't want to do the crap work nobody else wants to do because they can get tenure and build up their way. It's no, it's a different world where you're not coddling your employees, you're treating them with respect, you're listening to their ideas, and you're creating a workplace VI environment that is in this post-pandemic employee-centric marketplace that we are just not going back to. I'm sure you have dealt with prospects, and many of them understand that they have to change. And then other ones say, I don't need to do any of that. We've been doing it this way for 50 years. Those are probably not the ones you're working with.Ed Delia: No. They and those that may be tried to hold to that. They are quickly changing their tune and realizing that getting people to work for them used to be easier, but now it's not. And now they have to work a lot harder at it. And, some of them are like, do we have to do all that?And I'm like, if you want great talent, yeah. Yeah. You have to fight for it. And if you're willing to fight for it and you're willing to give them a great experience and a great environment, and they're going to stay and grow, You're going to grow, going to grow. Because great talent drives the bus a lot faster than throwing a body at an assignment that couldLisa Ryan: And the interesting thing, too, is we used to worry about losing our people to other competitive manufacturers down the street. Now, with all their options, we're not losing them to their manufacturers. We're losing them to Amazon; we're losing them to Uber. We're learning, losing them to DoorDash because people want to have their businesses and do their own thing instead of being disrespected, told what to do, and treated like another cog in the wheel.So that's the image we need to change with manufacturing, branding, and getting the word out there. We can do that. When you're working, how would you suggest manufacturers develop a realistic growth strategy for their company?Ed Delia: It starts with prioritization, looking at the three primary growth methods, and then assessing the growth channels and carefully assessing which ones are most relevant to that organization. And those are the ones we can then dig into, focus on, and build a real growth strategy, subsequent marketing planning, and then potentially brand planning around that to build a framework they can start to use and work toward.So that everybody, all. Everybody's flying in formation in the organization. Everybody understands what the growth priorities are, and everybody's working. Because when you get that momentum behind it, it will happen. It's going to happen. But with that, if there's clarity or people don't know, manufacturing organizations flounder because they need to know the priority, where they're going, or the focus. They need to know that. And that needs to be reinforced and reemphasized on an ongoing basis. It's not a one-and-done, and you're there. You have to keep working at and working at it, and then you get there, and you get that momentum going. And once that momentum going gets going, it's exciting. It's exciting for all.Lisa Ryan: what have you found to be some of the most effective marketing methods that manufacturing brands can use to reach new audiences?Ed Delia: there's some new and some old right now, and this is something of a post covid getting together and gathering.People love returning to trade shows and conferences because they couldn't for long, and it's human nature to want to gather. In the last year or two years, Our clients have all been very aggressive about returning to shows and meeting and greeting in person to re-establish that human...