As a follow up to a recent article (Is Today’s Changes Redefining Our Roles?), I thought about the original group of representatives that founded NEMRA, and I was fortunate enough to have been there. NEMRA did not begin at LaGuardia Airport, it was finalized there. And a big takeaway from the meeting is that we’re all in this together. Whether it’s representatives as a community or a representative and a manufacturer, we recognized that we’re mutually dependent on each other.
Many of... Read the whole entry »
The drive for “sustainability” is powering the green movement and much of the electrification initiatives that are supporting the electrical industry, culminating in sales for distributors and manufacturers.
From a more all-encompassing viewpoint, the term “sustainability” represents even broader initiatives for publicly-held companies. For most it is reflected as ESG initiatives – environmental, social and governance.
While companies tout this as the “responsible” things to... Read the whole entry »
Seemingly over the past few months there have been a number of management-level people in the industry moving into new roles either at their own company (congratulations on the promotion) or moving to another company. It appears that, in an industry going through consolidation, we’re also playing musical chairs!
Whether the changes are due to people seeking new bosses, new opportunities due to lack of opportunity at their company, perhaps frustration within their company due to the stresses... Read the whole entry »
Prysmian to Acquire Encore Wire
Yes, it is April but no this is not an April Fool’s Day joke … Prysmian plans to acquire Encore Wire!
The deal was announced early this morning.
According to an article on the BusinessWire,
“Encore Wire today announced that it has entered into a definitive merger agreement under which Prysmian will acquire Encore Wire for $290.00 per share in cash (the “Transaction”). The Transaction represents a premium of approximately 20% to the 30-day volume... Read the whole entry »
In the realm of electrical manufacturing, the potential of integrating Artificial Intelligence (AI) could be a competitive advantage.
One of the critical components underpinning the effectiveness of AI is structured data.
Structured data refers to organized information that is formatted for easy analysis and interpretation by machines. In the context of electrical manufacturers, structured data serves as the backbone for AI-driven processes, enabling manufacturers to streamline operations,... Read the whole entry »
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