Manufacturing appears to be on the upswing; why this matters to MBA graduates
Last week’s report from the Institute for Supply Management paints an optimistic picture for manufacturing in the country. The Purchasing Managers Index (PMI) grew 4.5 percentage points in July.
The PMI is determined by evaluating the number of new orders, inventory levels, production, suppliers, delivery and employment. In June, the PMI was 50.9 percent, and July’s PMI jumped to 55.4 percent. A PMI ranking above 50 percent indicates that the manufacturing economy is expanding.
When manufacturing rebounds, increased parts and materials demand increases the need for MBA graduates, who manage the processes, information and technology. The courses in Alvernia’s MBA program – financing, marketing, leadership and communications – teach the necessary skills for careers in supply chain management.
Alvernia MBA graduates interested in a supply chain management position in Berks County should be encouraged by the expansion of two local companies.
Berks Wiper International, a manufacturer of disposable wiping cloths, announced in July plans for a $3.28 million facility expansion. And Berks County’s largest employer, East Penn Manufacturing, is adding 400 jobs as they expand their operations.
With nearly 400 companies headquartered in the Greater Reading area, 189 of which are international, the growth of manufacturing expands the options for Alvernia MBA graduates.