Manufacturing status update

[GTAdawg]

What are the rest of you guys doing? Stopped? Still running? Moving shifts / people around?

We're tier 2 to some automotive. I expect our customers will be informing of us of reductions very soon given the Big 3 have shutdown.

 

[TBone.sixpack]

We have reduced hours significantly, offered an additional 80 hours of PTO so far. Layoffs are also occurring as I type. We have some orders in the pipeline that have to be made but I’m guessing that will dry up in 2 weeks.

As far as the sales crew. We have a call at 3 to know our current fate.

 

[Southern Law Dawg]

Not to hawk my company's services, but if anyone in manufacturing needs factoring to speed up payment to help make payroll and stay solvent, let me know. With the rates where they are I can get you some pretty damn low rates for the market. I'm not ownership at my company but I am management, so I'll be able to offer the lowest price I can give and just tell the bosses how good of a negotiator you are.

 

[PBRME]

I’m seeing the slowdown on my side. My revenue is half what it was last week. I’m thinking next week will be worse.

 

[Dawgsnsaints]

Our 6 SYP plywood and lumber mills are still up and running However our Corporate staff (accounting, credit and sales) are working from Home including myself. It feels really weird to be working from home.

 

[Seinfeld]

I work for a global hydraulics company, and thus far... it’s just been about managing capacity constraints within our plants, supply base, and carriers. Shut downs are slowly becoming a reality, but not hearing/seeing anything that would indicate long term impact at this point

Status is changing on a daily basis, however

 

[tired]

As of now, rolling along, but the big 3 parts mfg shutting down is going to hurt us, I understand it. I think we'll be able to last 3-4 weeks before it gets hairy. I'm at at a point now, whatever happens, happens. I can't control it, and will trust the correct decisions are being made.

 

[Leeshouldveflanked]

I work for a global hydraulics company, and thus far... it’s just been about managing capacity constraints within our plants, supply base, and carriers. Shut downs are slowly becoming a reality, but not hearing/seeing anything that would indicate long term impact at this point

Status is changing on a daily basis, however

^^^Same^^^ I work for a worldwide filtration manufacturer...

 

[BoDawg.sixpack]

Holy crap...WTI crude just sold off to $23 per bbl.

 

[Nunya.sixpack]

we still going. however, all us non-essentials got sent away Monday.

 

[PBRME]

Delete

 

[bruiser.sixpack]

At some point within the next 2 to 3 weeks, people WILL have to go back to work even with the risks. A full blown depression in 2020 will make the Great Depression look like the Mississippi Picnic in Central Park, New York!

The government cannot print money with nothing to back it. We will all be working in Chinese Sweat Shops except they will be right here on American soil.

 

[Xenomorph]

True Temper in Amory just closed. Folks told to file for unemployment.

 

[DesotoCountyDawg]

We are still going although it’s raining like a mother17er again. If we have things for our guys to do we work, otherwise they go home.

 

[SixtInning]

Paper industry here. Specifically in transportation on the corrugated packaging side. We were added to the essential goods list, so will continue running even when people at large are on lockdown.

 

[johnson86-1]

At some point within the next 2 to 3 weeks, people WILL have to go back to work even with the risks. A full blown depression in 2020 will make the Great Depression look like the Mississippi Picnic in Central Park, New York!

The government cannot print money with nothing to back it. We will all be working in Chinese Sweat Shops except they will be right here on American soil.

All it needs to back it is a belief by treasury buyers that we will repay it. Right now, we are basically the tallest midget. Nobody else running a big deficit looks any better. THis may force us to get realistic about our long term fiscal outlook a lot sooner than anybody was expecting though.

 

[EarlDawg]

i'm in the food business, our production plant is still running with no cutbacks. However, sales are significantly down this week and probably will be for a while, with so many restaurants ans schools closed. Waiting to see next weeks production.

 

[HotMop]

HVAC manufacturing, still producing though slightly impacted by people not coming into work. Taking a planned day off Monday to replace switch gear that needs to be replaced from Hurricane Michael.

 

[RocketDawg]

What is a VOR?

 

[qball.sixpack]

Not to hawk my company's services, but if anyone in manufacturing needs factoring to speed up payment to help make payroll and stay solvent, let me know. With the rates where they are I can get you some pretty damn low rates for the market. I'm not ownership at my company but I am management, so I'll be able to offer the lowest price I can give and just tell the bosses how good of a negotiator you are.

Can you beat the SBA loans (I think around 3.5)? The government is promoting them to sustain liquidity at this point. Sounds like other options are coming.

 

[BlameTheDogs]

Surprised by this

 

[bruiser.sixpack]

All it needs to back it is a belief by treasury buyers that we will repay it. Right now, we are basically the tallest midget. Nobody else running a big deficit looks any better. THis may force us to get realistic about our long term fiscal outlook a lot sooner than anybody was expecting though.

So what do we pay back first? The current $24 Trillion debt load or the new likely to be $4 Trillion debt from the stimulus to fight Corona? And then the next $2 to $3 Trillion to bail out the over-priced companies. Everybody better practice “no sex” for the next year, because no kids born in the last 5 to next 2 years will ever be able to pay it off. The US will look worse than Venezuela on speed.

 

[kired]

We're VERY fortunate to have a huge backlog at the moment - largest in the history of our company and more than double what we normally have. We will have plenty of work for the next 6 months. So we haven't slowed down and hope we don't have to.

Our business lags a few months behind the rest of the economy, and the summer is always a slow time for us in terms of new orders. So I'm assuming we'll get very little new business this summer. That means 9-12 months from now, we could be hurting. We manufacture equipment for the mining industry.

 

[CrookedLetta4Eva]

Add Cooper Tire to the list. To be closed 2-4 weeks