MMT Blog

Succession planning is something every company should implement, but many small businesses, like mold manufacturing companies, can be remiss when it comes to proactively thinking through the steps necessary to maintain continuity in the event of retirement, illness or worse, an untimely passing. It is a challenge, albeit not an exciting one (like solving a mold or molding issue). Still, succession planning is important.

MoldMaking Technology asked a few mold manufacturing business owners to share their succession plan experiences, including when and how the plans were developed, how they have evolved over time and lessons learned.

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By: Heather Wintle 10/31/2019

Tech Trends: Maintain Your Molds

To keep a mold running, it needs to be properly maintained, and that includes proper treatment of the mold’s surface. Surface treatment is key to a mold’s quality, corrosion-resistance, wear, tool life and more.

Here are some product from supplier companies to help you maintain and treat the surfaces of your molds!

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In October 2017, MoldMaking Technology and sister publication Plastics Technology collaborated on a special supplement focused on hot runner systems and technologies. Instead of spotlighting the latest products available, the supplement includes special features geared toward helping companies find solutions to hot runner challenges. 

In this Throwback issue, check out the following topics:

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The Gardner Business Index (GBI): Moldmaking reported slowing contraction in September with a reading of 48.2. Index readings above 50 indicate expanding activity while values below 50 indicate contracting activity. The further away a reading is from 50, the greater the change in business activity. Gardner Intelligence’s review of the underlying data for the month found that expanding production and supplier delivery activity were the primary drivers of the Index’s higher reading. Steep contracting activity in employment and particularly backlogs prevented the Index from moving higher.

Many of the changes experienced by the Index in recent months have been generally predictable, particularly between new orders, production and backlogs. However, this month’s strong contractionary employment reading was unanticipated. Historical data suggests that employment activity tends to lag the other components of the Index as manufacturers tend to delay reducing employment levels given the difficulties in finding talented labor when business conditions improve. September’s data marks the first time since 2011 that the one-month reading for employment has been more than four points lower than the overall Index reading during a time when the Moldmaking Index was contracting.

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After my week in Dusseldorf Germany attending the “World’s No. 1 Trade Fair for Plastics and Rubber” along with more than 200,000 other visitors from 165 countries, I walked away with plenty of information, contacts, leads and ideas. However, the most important takeaway was that plastic continues to be an essential and innovative material to consumers, brand owners and manufacturers … and that includes mold builders. 

With that being said, a prevalent tagline across the walls and backdrops of many booths was circular economymeaning an economic system aimed at eliminating waste and the continual use of resources. At first, I wasn’t so sure what this had to do with my little neck of the plastics woods (moldmaking), but after several discussions, it became clear. Recycling, sustainability and waste reduction are not just OEM and molding facility concerns, challenges and opportunities, they impact the mold manufacturer as well.

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