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... Read More April 2022 Issue #14273 Page 35
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... Read More April 2022 Issue #14273 Page 54
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... Read More March 2022 Issue #14272 Page 35
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... Read More February 2022 Issue #14271 Page 35
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... Read More November 2021 Issue #13268 Page 64
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... Read More July 2021 Issue #13264 Page 33
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... Read More June 2021 Issue #13263 Page 29
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... Read More March 2021 Issue #13260 Page 30
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... Read More January 2021 Issue #13258 Page 28
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... Read More November 2020 Issue #12256 Page 43