Todd Drummond

Record CM Building Industry Net Profits are Coming to an End Sooner Than Most Believe

Todd Drummond

What a ride it has been for the vast majority of the component manufacturing (CM) for wood trusses and wall panels in North America the past few years. The demand for new homes outpaced the supply capacity of most homebuilders and those who suppy them. This record-breaking rate of building...

#14273 Cover image
April 2022
Issue #14273
Page 35
Ed Serrano

Innovation in Action at Vekta

Ed Serrano

In business today, it is necessary to be agile and responsive to change. But, to have that real edge – the ability to truly set yourself apart – you need to be unique. Your solutions need to define I-N-N-O-V-A-T-I-O-N. As a company, Vekta defines innovation. By reviewing how the...

#14273 Cover image
April 2022
Issue #14273
Page 54
Todd Drummond

Millions of Dollars for New Equipment and Building Investments are Being Wasted

Todd Drummond

Expanding the manufacturing capacity within the component manufacturing (CM) industry for wood trusses and wall panels is at a fever pitch. The overwhelming majority of CMs have the same limited capacity issue trying to keep up with sales, which led to excellent record-breaking sales volumes and...

#14272 Cover image
March 2022
Issue #14272
Page 35
Todd Drummond

A Stable and Proficient Workforce is Key to Best-in-Class Profits

Todd Drummond

Last month’s article, “Record-Breaking EBITA Exceeded Mid-Twenties for Many Component Manufacturing for 2021,” mentioned a key factor of making best-in-class profits: the highest performers have very low employee turnover and vacancies. Creating a stable and proficient...

#14271 Cover image
February 2022
Issue #14271
Page 35
Douglas Krauss

Manufacturing Insights to Power Your Team

Douglas Krauss

Making performance visible and easily tracked powers your team members with the knowledge of achievements and areas for improvement. I’ve spent my career working in a variety of manufacturing roles. Here’s what I’ve learned: Knowledge is key. I believe it’s crucial...

#13268 Cover image
November 2021
Issue #13268
Page 64
Todd Drummond

CM Equipment Purchasing Do’s and Don’ts

Todd Drummond

Understanding the do’s and don’ts for component manufacturing (CM) equipment purchasing (wood trusses and wall panels) can save or waste your company 100’s of thousands of dollars at the time of purchase and long after. Everyone knows the building economy is on fire, so it...

#13264 Cover image
July 2021
Issue #13264
Page 33
Todd Drummond

True Leadership

Todd Drummond

There are so many challenges leaders face within our industry today that are ever-changing and, quite frankly, unprecedented. Whether your position of leadership is overall, departmental, or team level, the challenges are never-ending. Too often in our industry, people are in a position of...

#13263 Cover image
June 2021
Issue #13263
Page 29
Ben Hershey

Find the Hidden Costs in Your Operation

Ben Hershey

There are several companies both in and outside of our industry who really understand costs. It is not some academic classroom “let someone teach me from the boardroom” but hands-on experience in knowing what their costs are in their operation. In the building industry, we think we...

#13260 Cover image
March 2021
Issue #13260
Page 30
Ben Hershey

Change Impact

Ben Hershey

Goodbye 2020 and Welcome to 2021!!! Our business world has been changing fast, especially this past year, and we continue to move forward through complex issues and how best to provide our goods and services to our customers within the building industry and beyond. But what...

#13258 Cover image
January 2021
Issue #13258
Page 28
Todd Drummond

Preparing for the 2021 Build Season

Todd Drummond

Despite all the turmoil of the skyrocketing lumber prices, pandemic, and elections, the building industry is doing very well. Hopefully, your company is doing very well, and now your attention is focusing on potential growth for 2021. Most companies are looking for modest tweaks to their current...

#12256 Cover image
November 2020
Issue #12256
Page 43
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