2013 MI Annual Report 2013 MI Annual Report : Page 6
ttracting the next generation of skilled workers creates a talent pipeline for decades to come. In order to do so, the manufacturing industry must reinvent its image to reflect its far-reaching impact in both national and global markets. The prestige is there; we need to showcase it. Nationwide, the Institute is changing the perception of manufacturing careers by educating students and “influencers”—parents, teachers, and counselors—about the benefits of a career in manufacturing. Manufacturers are highly engaged in these programs, which is critical to their success. Our Dream It. Do It. network has influenced a quarter-million students in over half the country to consider careers in manufacturing. It’s also simplifying recruitment by providing local manufacturers, schools, community-based organizations, and other stakeholders with an easy and effective way to promote manufacturing as a top-tier career choice. The Institute also promotes Manufacturing Day, a day dedicated to showcasing the importance of manufacturing to the nation’s economy, and to drawing attention to the many rewarding, high-skilled jobs in manufacturing fields. A More than 400 companies hosted 30,000 students and 11,000 parents and educators on MFG Day. A 14 Saturday + Sunday, Oct 5 -6, 2013 » MORE AT FACEBOOK.COM/DAILYBREEZE AND TWITTER.COM/DAILYBREEZENEWS BUSINESS Market Watch Dow Jones 15,072.58 + 76.10 Nasdaq 3,807.76 + 33.42 » S&P 500 1,690.50 + 11.84 dailybreeze.com HIGH-TECH INDUSTRY News feed TELECOMMUNICATIONS LEGISLATION Samsung sees operating proﬁt hit record high Operating proﬁt at Samsung Electronics hit another record high in the July-September quarter, likely driven by robust sales of its cheaper midrange smartphones in developing countries. The maker of Galaxy smartphones said Friday its third-quarter operating income rose 25 percent over a year ear-lier to $9.4 billion. The result was slightly better than the market expectation of $9.3 bil-lion, according to FactSet, a ﬁ-nancial data provider. Third-quarter sales in-creased 13 percent to a record high of $55 billion. Samsung did not disclose net income or other details of its ﬁ-nancial performance. Its full re-sults will be announced later this month. Analysts said ro-bust sales of mid-and low-end smartphones and improved proﬁt from Samsung’s semicon-ductor businesses were behind another record quarter. There had been expecta-tions that slowing growth in sales of high-end smartphone in rich countries would dent Sam-sung’s proﬁt, but that didn’t happen. — The Associated Press Gov. signs Holden bills to spur state’s economy Gov. Jerry Brown on Fri-day signed two innovative busi-ness bills authored by Assem-bly member Chris Holden, D-Pasadena, that are designed to boost California’s economy. AB 201 makes the Small Business Loan Guarantee pro-gram more accessible and user friendly and AB 250 expands opportunities for pioneering, startup technology in Califor-nia. “I applaud the governor for signing these bills which will play a pivotal role in making much needed capital more ac-cessible to thousands of small businesses so they can enlarge, create new jobs, and save the jobs of existing employees,” Holden said in a statement. AB 201 requires the Office of Small Business Advocate to include on its website infor-mation on the Small Business Loan Guarantee program’s loan guarantees, direct lend-ing, surety bond guarantees, and disaster loans. AB 250 will expand the development of iHubs across California and create more opportunities for startup companies. — Kevin Smith Last year, more than 3,400 companies engaged more than 250,000 students and 60,000 parents and educators. BRAD GRAVERSON — STAFF PHOTOGRAPHER Brian Nehez, left, shows the inspection process for a 400-ton die press as part of National Manufacturing Day. At Ace Clearwater Enterprises in Compton, students saw demonstrations of high-tech manufacturing, which industry experts say remains a robust sector in the American economy. National Manufacturing Day sparks students’ curiosity By Muhammed El-Hasan SOCIAL MEDIA SEASONAL HIRING In front of a group of gawking students and teachers, an engi-neer demonstrated a 3-D laser slicing through a C-17 aircraft duct part. Years ago, cutting of the duct would have taken nearly an hour. On Friday, the process needed only seconds. The demonstration was one of several Friday at Ace Clearwa-ter Enterprises’ Compton facil-ity to mark National Manufactur-ing Day, dubbed MFG Day. About 200 grade-school and community college students attended Fri-day’s event at Ace Clearwater, which is based near Torrance. The annual day is an effort by the industry to show how man-ufacturing is relevant in a high-tech world, and a possible career destination for students. “When people think of manu-facturing, they think of dirty pro-duction and line production,” said Teri Tsosie, director of technol-ogy at Hermosa Valley School, a K-8 campus that had 60 students at Friday’s event. “I think it’s go-ing to give them a whole new ap-preciation for jobs they can have.” High schools have been cut-ting down on manufacturing training in the form of shop and woodworking classes, thereby reducing valuable exposure for students who are not destined for college, said Isadore Hall, a state assemblyman whose dis-trict stretches from Long Beach and Carson to Compton. “This industry has been ne-glected in our school system to-day,” said Hall, who attended the Ace Clearwater event. “This is really encouraging for me.” U.S. manufacturing has faced major challenges, with opera-tions moving to lower-cost na-The success of Manufacturing Day makes national news tions like China. Despite that, high-end manufacturing requir-ing research and development and extreme precision remains a robust sector in the American economy. However, companies like Ace Clearwater often have trouble ﬁnding qualiﬁed job candidates. Two decades ago, three out of four high school students were enrolled in a career tech course or a vocational class. Today, that number is down to one of four stu-dents, said Gino DiCaro, spokes-man for the California Manufac-turers & Technology Association. “We hear quite a bit from our members that manufacturers are having a hard time ﬁnding skilled workers,” DiCaro said. “Califor-nia manufacturers are certainly capable of meeting extraordi-nary challenges if we have the resources and the skilled work-force and long-term support to generate the skilled workforce.” Lauren Martini, a computer “High schools have been cutting down on manufacturing training in the form of shop and woodworking classes, thereby reducing valuable exposure for students who are not destined for college.” — Isadore Hall, state assemblyman science major at El Camino Col-lege near Torrance, said she was fascinated by the Ace Clearwa-ter demonstrations, including a 3-D printer and a laser that can gauge errors in a part’s manu-facturing. “It’s fascinating to see how things are made and how things are put together,” said Martini, 22. Max Lizarrago, professor of industrial design and engineer-ing at Mt. San Antonio College in Walnut, attended Friday’s event with an eye to helping his stu-dents ﬁnd work. “I get all my students jobs and in order to get them jobs I need to know what’s out there,” Lizar-rago said. Lizarrago said it is a challenge to overcome the popular percep-tion that there are “no manufac-turing jobs out there.” To further interest the stu-dents in technology, Ace Clear-water Enterprises Vice President Gary Johnson wore Google Glass, a wearable computer that looks like a pair of eyeglasses. Johnson is one of 4,000 people who re-ceived the experimental technol-ogy from Google for testing. Johnson said he will eventually use Google Glass to quickly iden-tify parts on the factory ﬂoor. He let some students put on Google Glass and try the tech-nology. “We need to get kids excited about manufacturing. ... We need them desperately,” Johnson said. “They’re scratching their heads a lot and getting curious and that’s really what National Manufac-turing Day is all about, to fertil-ize their curiosity.” email@example.com @dailybreezebiz on Twitter Twitter looks to attract investors with IPO Twitter Inc., racing toward the largest Silicon Valley IPO since Facebook Inc.’s 2012 com-ing-out party, hopes to woo in-vestors with rip-roaring rev-enue growth despite having posted big losses over the past three years. The 8-year-old online mes-saging service gave potential investors their ﬁrst glance at its ﬁnancials on Thursday when it publicly ﬁled its IPO docu-ments, setting the stage for one of the most-anticipated debuts in over a year. Twitter’s debut will be the culmination of its journey from a side-project to a sociocultural phenomenon, one that has be-come a communications chan-nel for everyone from the pope to President Barack Obama. Last month, Iranian President Hassan Rouhani used Twitter to disclose a “historic” phone conversation with the U.S. pres-ident. The service’s emphasis on real-time communication — whether it be about breaking news or chatting with friends about a TV show on air — sets it apart from rivals such as Facebook. — Reuters Macy’s to hire 83,000 workers for the holidays Department store chain Ma-cy’s Inc. announced Friday that it plans to hire seasonal workers for approximately 83,000 positions at its Macy’s and Bloomingdale’s stores, call centers, distribution cen-ters and online fulﬁllment cen-ters nationwide for the 2013 holiday season. The company’s 2013 seasonal-hiring plan com-pares to approximately 80,000 in 2012, an increase of about 3.8 percent. “Our goal is to be well-staffed to welcome and serve customers throughout the busy holiday season, whether they are shopping or buying in stores, online or via mobile de-vices” said Terry J. Lundgren, Macy’s Inc. chairman, presi-dent and chief executive officer. Seasonal employees at Ma-cy’s and Bloomingdale’s serve customers on the selling ﬂoor, work in store operations posi-tions, interact with customers via the telephone in call cen-ters, and staff the distribution and fulﬁllment centers that co-ordinate shipments to stores and directly to customers who buy online. — Kevin Smith Dream It. Do It. PA launches a student video contest Institute releases new collateral for Dream It. Do It. network Milestones | 7 Gas Watch A daily look at fuel prices in the Southland. L.A.-LONG BEACH INLAND EMPIRE Per gallon of regular unleaded. From one day ago: -$0.02. From one week ago: -$0.08. From one month ago: +$0.02. $3.89 $3.87 Per gallon of regular unleaded. From one day ago: -$0.01. From one week ago: -$0.07. From one month ago: +$0.04.