Headhunter's Herald: A Guide to Talent Acquisition for Manufacturing Professionals - Volume 1
Industry Updates
Automotive
Auto suppliers face challenges when bringing work back to North America, including high labor costs, a shortage of skilled workers, and a lack of infrastructure. However, some suppliers are making progress in bringing work back, such as Eaton, which recently announced plans to invest $22.5 million in a new manufacturing facility in Michigan. The automotive industry is constantly evolving, and it remains to be seen how the challenges of labor costs and infrastructure will be addressed in the future. However, the trend of bringing work back to North America is likely to continue, as suppliers look to reduce their reliance on overseas production.
Medical Device
In June, four medical-related plastics mergers and acquisitions (M&A) deals were announced in a 14-day period, more than double the number of deals in the same period a year ago. The deals included a $1.4 billion acquisition of a medical device maker by a private equity firm, a $1.2 billion acquisition of a medical device supplier by a public company, and two smaller deals. The surge in M&A activity in the medical plastics sector is being driven by several factors, including strong demand for medical devices, the need for consolidation in the industry, and the availability of capital.
Industry Leading Candidates
Manufacturing professionals looking for a new opportunity.
Industry Opportunities
Manufacturing jobs looking for their next new hire.
Industry Insights
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Mustafa Ansari im electrical engineering
1 年Hi my name is Mustafa Ansari I'm need for job electrical engineering
Plastics, Manufacturing, Injection Molding, Packaging, Automotive and Medical Device for Contract and Permanent roles
1 年Jacob Tebrugge, good insight. Thanks for sharing.
Principal/President/CEO @ TH Consulting Group LLC | Black Belt
1 年Thanks Jake -- great info
Search Operations Specialist | Connecting companies and candidates for mutual growth ?? | Manufacturing Recruiting ?? | Plastics, metal, rubber and food industries ??
1 年We are definitely seeing a trend of bringing work back to the U.S. Some other companies who are reshoring their facilities or adding new ones are GE and Lego. Great info!