Material Handling Masters Podcast MHEDA

Host Shari Altergott, Chief Experience Officer of The CX Edge talks with Jinger McPeak of Ethium by EControls about the importance of workplace culture and finding employees that fit with your culture. Jinger offers real-life examples of how to interview candidates to assess if someone has the right balance of technical skills and the personality to fit within your culture.

Stay tuned for more episodes of the MHEDA Talks podcast series when Shari will interview industry thought leaders on issues and trends affecting MHEDA members.

This quarterly economic report, published by ITR Economics, features data specifically for the material handling industry to assist MHEDA members plan for the year ahead. The full detailed report is available to members only. Order and download the new report as well as past archived issues (requires member login).

Download Full Report

 

Host Shari Altergott, Chief Experience Officer of The CX Edge talks with Bill Dobbins and Caroline Hurteau of Caster Concepts, about corporate social responsibility and how they practice conscious capitalism to positively impact their families, communities, and customers through their Caster Cares program.  

Stay tuned for more episodes of the MHEDA Talks podcast series when Shari will interview industry thought leaders on issues and trends affecting MHEDA members.

Host Shari Altergott, Chief Experience Officer of The CX Edge talks with sales-leadership trainer and coach, Judy Hoberman, about the importance of communications and networking in business including barriers to effective communications, listening skills, generational differences, the effect of remote and hybrid employees, networking tips, and more.  Learn more from Judy during the MHEDA women in industry virtual series: Stand Out Communications, May 10-31, 2023.

Judy Hoberman

Judy is a trainer, executive coach, consultant, speaker and author. She is the President of Selling in a Skirt and Walking on the Glass Floor.

“After nearly 30 years’ experience in the ‘sales’ side of business, I have observed and experienced such a wide variety of techniques come and go, sizzle instead of smolder, ultimately leaving adopters high and dry, that I felt the need to step in and do something about it. This program gives you the pieces regarding the world of sales and business from a woman’s point of view. It is filled with some of the most used and sought after principles, examples, and action items that you can put into practice immediately.” – Judy Hoberman

Women in Industry Virtual Series: Stand Out Communications

In order to build our business relationships, we must learn the proper way to communicate with each other. Join MHEDA for an interactive and engaging discussion around how women can strategically communicate. “Stand Out Communications” is a four-part virtual series presented by Judy Hoberman and designed to guide you through communicating effectively, thinking outside the box, making intentional choices with your personal brand, and building strong relationships. Make an investment in your career and professional development in 2023 and register today for this powerful Women in Industry event.

Learn More and Register

MHEDA Talks Podcast with Shari Altergott

Stay tuned for more episodes of the MHEDA Talks podcast series when Shari will interview industry thought leaders on issues and trends affecting MHEDA members.

Shari Altergott has over 20 years of experience within the Material Handling Industry. During her career she has held several positions within marketing, sales, business development and executive leadership. Today she leads The CX Edge, a customer experience consulting firm focused specifically on the material handling industry. Over her time, she has developed full scope marketing functions that manage corporate initiatives related to customer experience, CRM, social networking, brand development, advertising and lead generation. 

Host Shari Altergott, Chief Experience Officer of The CX Edge talks with hall of fame speaker, Meridith Elliott Powell, about how companies can succeed in times of disruption, finding and developing top talent, artificial intelligence, change management, and more.  Hear Meridith live at the 2023 MHEDA Annual Convention where she will be presenting the General Session, “Thrive: Turning Uncertainty into Your Competitive Advantage” and the Women in Industry Presentation, “You In The Driver’s Seat”

Meridith Elliott Powell

For more than twenty years, President and CEO of MotionFirst, Meridith Elliott Powell, has been a leading expert on the subject of business growth covering sales, leadership, change and uncertainty. With a background in financial services, manufacturing, healthcare and travel and tourism, she has real-world experience with developing teams, exceeding sales goals and dominating the marketplace by building centers of influence. Through her work as a Hall of Fame keynote speaker, award-winning author, and business growth strategist, Meridith is able to help companies and leaders learn to develop talent, drive sales, and strategically manage change and uncertainty.



2023 MHEDA Annual Convention

For the first time in Convention history, we will be gathering April 29-May 3 in Nashville, affectionately known as “Music City.” We’ve planned a fun and productive event designed around the theme, “The Human Factor.” Gain insight on how to better lead during disruption, employee burnout, supply chain challenges and inflation. We encourage you to explore the convention program and then make time to be part of this important industry event. You’ll network, learn and leave feeling refreshed and ready to lead your team in 2023! Learn more at www.mheda.org/convention.

Register Now

MHEDA Talks Podcast

Stay tuned for more episodes of the MHEDA Talks podcast series when Shari will interview industry thought leaders on issues and trends affecting MHEDA members.

This quarterly economic report, published by ITR Economics, features data specifically for the material handling industry to assist MHEDA members plan for the year ahead. The full detailed report is available to members only. Order and download the new report as well as past archived issues (requires member login).

Download Full Report

Podcast Transcript:





Good morning, everybody. This is Eric post. I'm the director of research and development here at ichar economics, and I wanted to welcome you this morning to go over our report for MHEDA for January 2023.

A Chart for the US industrial production index that's in your report. And this is a annual average. So 12 months moving average for industrial production. That's three quarters manufacturing activity and about a quarter of Mining and utilities activity. So those three components and what you can see is in the dark blue the actual data the Great Recession the 15 16 oil price collapse covid and then the rise that we've been on here and then in the teal bars, you can see our forecast and as you can see from that forecast, you can see we have a bit more growth here to go but it really starts to flatten out here and then pretty soon we're going to be seeing some decline in US industrial production.















That's a change to our Network economic Outlook from the prior report. And I wanted to really start there because as you'll see in a number of the markets for you all when you look at 2024 here, you'll see a lot of negative growth rates. You also see some growth rates that are positive but very subdued compared to what they've been in the past. So 3.7% growth for e-commerce retail sales that series is usually growing a much more rapidly than that. So why are we seeing a bunch of macroeconomic softening happening in 2024? So to answer that question, I wanted to look at interest rates and the answer in a word is the Fed.













I guess that's two words, but the Federal Reserve has pushed up interest rates short-term interest rates. And that's the teal line here incredibly quickly an incredibly sharply. Just look at how sharp the slope of this teal line is compared to Prior instances here of even when we raised interest rates rather substantially before the Great Recession nowhere near sharp of Rise as we've experienced in this cycle. And so that has led to what we've been warning of for some time, which is this idea of an inverse yield curve where short-term rates now have surpassed long-term rates. That's the Navy line and anytime that happens you can see there's two times in the history here where that clearly happened first is a sustained period of time that are Circle prior to the o102 recession and prior to the Great Recession.













After that occurs, we almost always see a recession. It's about a 80 88% probability or so that once we see this inverse yield curve. We'll see a recession the typical lead time though is not instantaneous. It's not like the yield curve converts today and tomorrow we're in recession. Usually the way it goes is you'll curve inverse today, and we're in recession about a year from now.











So that's why when you look again to go back to your forecast for industrial production. We have a little bit more rise left. It's pretty muted. We're definitely in the slowing growth phase here the business cycle.











Slowing growth developing to flatness and then developing into this decline. So again, just that the speed and severity of those interest rate hikes by the federal reserver are putting us in that situation where the economy basically cannot handle those interest rate hikes. We've already seen that really clearly that developing some markets like the housing market for ...