MAPI — Manufacturers Alliance News and Reports — Moderate Manufacturing Outlook and More





A round-up of the MAPI resources available to NFPA members through NFPA’s membership in MAPI. 

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Issues in the Brief

A New Normal for U.S. Manufacturing Growth?
No one should be concerned that the Purchasing Managers’ Index (PMI) pulled back from an unrealistic 60.8% in September to a still strong 58.7% in October. The September reading from the Institute for Supply Management (ISM) has to be treated as an outlier and interpreted against the inevitable data distortions created by two devastating hurricanes.

The Tax Bill Miracle
The first major tax overhaul in more than three decades is not a panacea. It’s come under an increasing amount of criticism from many factions.

Transfer Pricing and Customs Valuation Q&A with the Experts
In October, MAPI held its most attended webinar of 2017: Transfer Pricing & Customs Valuation. In today’s cross-border business environment, transfer pricing and U.S. Customs valuation are integral, and companies must have a clear understanding of the unique requirements of each to the business.

Why Risk Maturity Matters
A combination of dynamic and powerful forces including cyber risk, ever-accelerating technological advances, regulatory complexity, natural and human-made catastrophes, and globalization of the supply chain confronts manufacturers more than at any other point in history. To respond to this continually evolving array of risks, executives need robust tools and fresh insights to support their understanding of the risk landscape, as well as to accurately assess the sophistication, effectiveness, and maturity of their risk management programs.

5 Must-Read Articles of 2017
See the most popular content from 2017; the impact of hurricanes on the economy, infrastructure investment, encouraging diversity and inclusion in the workforce, the impacts of the GDPR, and the new language of digital.

 

Economic Update

The Manufacturing Risk Maturity Profile: Findings from the MAPI Cohort
Today, a combination of dynamic and powerful forces including cyber risk, digitalization, regulatory complexity, natural catastrophes and globalization confront manufacturers more than at any other point in history. To respond to this ever-evolving array of risks, executives need robust tools and fresh insights to support their understanding of these and other risks, as well as to accurately assess the sophistication, effectiveness and maturity of their own risk management programs.

Aerospace, Capital Goods, and Chemicals Propel U.S. Manufacturing
The acceleration in global economic growth that began in late 2016 looks increasingly sustainable. A marked improvement in economic activity is becoming apparent in regions that matter to U.S. manufacturing prospects, including East Asia, the Eurozone, and Canada. In spite of two devastating hurricanes, U.S. economic growth has averaged 3.1% in the second and third quarters of 2017, up from a 2% average over the prior four quarters. Unless the recent growth improvement in the U.S. is fleeting, it adds a further significant upside prospect for world economic performance.

Moderate Manufacturing Outlook Amidst an Improving Global Picture
In spite of encouraging signs and uncertainties, the MAPI Foundation’s projection for U.S. economic growth remains almost unchanged from the June and September reports. Between 2017 and 2021, we expect annual U.S. GDP growth to be an average of 2.1%.

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