Manufacturing status update
- Thread starter GTAdawg
- Start date
We have reduced hours significantly, offered an additional 80 hours of PTO so far. Layoffs are also occurring as I type. We have some orders in the pipeline that have to be made but I’m guessing that will dry up in 2 weeks.
As far as the sales crew. We have a call at 3 to know our current fate.
As far as the sales crew. We have a call at 3 to know our current fate.
Not to hawk my company's services, but if anyone in manufacturing needs factoring to speed up payment to help make payroll and stay solvent, let me know. With the rates where they are I can get you some pretty damn low rates for the market. I'm not ownership at my company but I am management, so I'll be able to offer the lowest price I can give and just tell the bosses how good of a negotiator you are.
Our 6 SYP plywood and lumber mills are still up and running However our Corporate staff (accounting, credit and sales) are working from Home including myself. It feels really weird to be working from home.
I work for a global hydraulics company, and thus far... it’s just been about managing capacity constraints within our plants, supply base, and carriers. Shut downs are slowly becoming a reality, but not hearing/seeing anything that would indicate long term impact at this point
Status is changing on a daily basis, however
Status is changing on a daily basis, however
As of now, rolling along, but the big 3 parts mfg shutting down is going to hurt us, I understand it. I think we'll be able to last 3-4 weeks before it gets hairy. I'm at at a point now, whatever happens, happens. I can't control it, and will trust the correct decisions are being made.
At some point within the next 2 to 3 weeks, people WILL have to go back to work even with the risks. A full blown depression in 2020 will make the Great Depression look like the Mississippi Picnic in Central Park, New York!
The government cannot print money with nothing to back it. We will all be working in Chinese Sweat Shops except they will be right here on American soil.
The government cannot print money with nothing to back it. We will all be working in Chinese Sweat Shops except they will be right here on American soil.
We are still going although it’s raining like a mother17er again. If we have things for our guys to do we work, otherwise they go home.
Paper industry here. Specifically in transportation on the corrugated packaging side. We were added to the essential goods list, so will continue running even when people at large are on lockdown.
All it needs to back it is a belief by treasury buyers that we will repay it. Right now, we are basically the tallest midget. Nobody else running a big deficit looks any better. THis may force us to get realistic about our long term fiscal outlook a lot sooner than anybody was expecting though.
Can you beat the SBA loans (I think around 3.5)? The government is promoting them to sustain liquidity at this point. Sounds like other options are coming.
So what do we pay back first? The current $24 Trillion debt load or the new likely to be $4 Trillion debt from the stimulus to fight Corona? And then the next $2 to $3 Trillion to bail out the over-priced companies. Everybody better practice “no sex” for the next year, because no kids born in the last 5 to next 2 years will ever be able to pay it off. The US will look worse than Venezuela on speed.
We're VERY fortunate to have a huge backlog at the moment - largest in the history of our company and more than double what we normally have. We will have plenty of work for the next 6 months. So we haven't slowed down and hope we don't have to.
Our business lags a few months behind the rest of the economy, and the summer is always a slow time for us in terms of new orders. So I'm assuming we'll get very little new business this summer. That means 9-12 months from now, we could be hurting. We manufacture equipment for the mining industry.
Our business lags a few months behind the rest of the economy, and the summer is always a slow time for us in terms of new orders. So I'm assuming we'll get very little new business this summer. That means 9-12 months from now, we could be hurting. We manufacture equipment for the mining industry.