Q1 2013
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By: Del Merenda, President, i-MARK, Inc.

Feb. 12, 2013

  

American Manufacturing: Reactive Leadership and Missed Opportunity

 

Well, did I ever get a wake-up call!

 

That was my reaction after recently attending a conference in Connecticut focused on the health of our State's manufacturing sector. So, there I was, expecting discussions about business growth issues and new global opportunities - situations that we specialize in helping the sector address. Not! Instead, speakers and panels discussed taxes, regulations, health care costs, energy, and skilled labor shortages. Yes, some growth needs managed to sneak in - way down the laundry list.

 

Man, that hurt. Nothing here for us, I thought. Time to pack up and head out. But, then it hit me, these leaders were so consumed with reactive issues enveloping them like a desert sandstorm, they had precious little time to see a freight train heading right for them - a mass BtoB market exodus to the Internet business channel. There is no question that BtoB markets are well on their way to adopting an automated, self-service preference. As we see it, this is the crux and boy, is it ever getting short shrift by way too many mid-sized manufacturers. Maybe it's the weight of their reactive burdens. Maybe it's the notion of old ways dying hard.

 

All I can say is, that which drives us every day is the unabashed pride and enthusiasm our customers have for the incredible successes of their Internet business channels. It sure keeps us going and motivated to make lots of wake up calls of our own. If you are a manufacturer in need of one, whether it comes from i-MARK or another advocate, please do yourself a big favor. Take it!

 

PS., if you'd like a little nudging, below is a powerful snippet from a recent IndustryWeek article by Michael Collins that might convince you: 

The old paradigm of being loyal to your customer, depending on a few large customers, and focusing all of your resources on improving your operational systems to reduce cost and waste, are not working.
December 27, 2012, Michael Collins

Solutions

The real answer is to diversify and find new customers and markets. Finding new customers and markets means taking an aggressive approach to expanding the number of customers in existing markets and also finding new markets. It usually requires expanding sales out of state and developing some method of generating inquiries. It will require new methods for prospecting and sometimes new sales channels or in some cases (like job shops) hiring the first outside sales person. This will, in most cases, automatically lead to changes in products and services.
To read the full article, click here

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Web Development a Top B2b Priority In 2013

 

More than 9 in 10 business-to-business marketers say that their website is a key part of their content marketing strategy, which is why 70% are increasing spending on website development in 2013.

 

Source: eMarketer  

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Wichita Clutch Shifts Ahead of Competition by Expanding Their Web-Based Clutch Configurator to Serve More Advanced Users

 

Product specifiers and designers seeking automation to configure and quote complex grinding mill clutches have a favorite spot - Wichita's online clutch configurator, built by i-MARK. Read about Wichita's success with this tool and how it has led to its' expansion.
 
Source: i-MARK, Inc.      

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Are You Ready for 'Truly Global' Manufacturing?

For a number of years now, I've been a subscriber to various reports and publications from McKinsey & Co., the respected, 87-year-old management consultancy that offers perspectives on business trends and management and organizational issues that affect many industries, including manufacturing.  I have found many of McKinsey's articles to be insightful and stimulating. But a few weeks ago, I received a report about the future of manufacturing from the McKinsey Global Institute that, quite frankly, broke little new ground.  Read More

 

By: David Brousell, VP and Editorial Director

Manufacturing Executive

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Haskel Liquid Pumps Launches i-MARK's 24/7 BUSINESS™ Guided Product Configuration Service on Their Website

 

  

Read Our Customer Success Stories      View All i-MARK Customers

 

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