From Drew Greenblatt’s latest column on Inc.com about the impact of the Indian rupee’s volatility on U.S. manufacturing:
The Indian rupee recently posted the largest single-day drop in 18 years, and some observers wonder if this will become an opportunity for western companies to purchase goods from India and other developing countries at a bargain price. Who doesn’t like a good deal, right?
That would be naïve. You can’t plan or negotiate contracts based on volatility. Our clients are in industries as diverse as telecommunications, health care, automotive and aerospace and they want tight quality, speed, on-time shipments, not drama. Chasing the worst-performing currency in a major emerging market — which also happens to be the world’s second-most populous nation and Asia’s third-biggest economy — has more downside than up. On Wednesday, the currency rebounded after a suspected government intervention, although unpredictability remained potent.
Responsible supply chain experts seek long-term relationships for a stable production of product. Countries ravaged by financial crisis, political disruption, strikes, war, terrorism or new political systems reduce the likelihood of uniform and steady flow. Components bought from India are usually a small percentage of the overall value of a finished part. Taking a chance on a small component to lose any opportunity to ship on time to a key account is not a good gambit. Continue reading →
Marlin Steel President Drew Greenblatt greets U.S. Navy Rear Admiral Anatolio B. “A.B.” Cruz III at Marlin Steel as part of the Navy’s “50-50” outreach tour / Credit: Steve Ruark
U.S. Navy Rear Admiral Anatolio B. “A.B.” Cruz III visited Marlin Steel Wire Products today to highlight the Navy’s role in protecting the seas for free trade.
Marlin Steel president describes sheet metal technology / Credit: Steve Ruark
Cruz, reserve deputy director of maritime operations for U.S. Fleet Forces Command, toured the factory with Marlin Steel President Drew Greenblatt. The visit, coordinated by the Chief of Naval Operations and Chief of Navy Information, is part of an outreach mission called “50/50” — 50 admirals for 50 states — to promote the Navy’s mission and relevance to national security and international trade. Cruz noted the importance of the Port of Baltimore to Maryland’s economy. Marlin ships material handling containers to 36 countries for clients in industries as varied as defense, telecommunications, health care and aerospace, among others. Continue reading →
After we blogged yesterday about how a change in U.S. tax law helped us add three workers by enabling faster depreciation of our latest robot acquisition, someone asked for some visual affirmation. So here it is:
Tom, Edrick, Liston and the TruLaser 1030
Marlin Steel hired Tom Gamble, Edrick Smith and Liston Clise because they’re skillful workers, but also because the tax savings under changes in Section 179 of the tax code after purchasing equipment like the TruLaser 1030 helped provide the resources to do it. Tom performs our MIG (metal inert gas) welding. Liston does setup and operations for the press brake that bends sheet metal. And Edrick performs setup on our CNC Robot that bends and welds steel wire used to construct our mesh baskets and other products. We mentioned that to the outgoing Treasury Secretary Tim Geithner when he visited our Baltimore facility last spring. Congress upheld that tax-law change in Section 179 when it passed the “fiscal cliff” bill two weeks ago. We hope to be able to count on Congress in the coming months and beyond — as much as we do Tom, Edrick, Liston and the TruLaser.
It’ll help if you are fluent in German, but below is audio from the recent interview that Marlin Steel President Drew Greenblatt gave to Timo Fuchs, Washington-based correspondent for ARD German Broadcasting with 50 million listeners. Fuchs begins by describing Marlin’s factory in South Baltimore. He goes on to describe how uncertainly resulting from the fiscal cliff standoff has slowed Marlin investments in new robots and halted orders from defense-related customers concerned about “sequestration” cuts. ARD German radio broadcast with Marlin Steel
The winning bike-powered chicken plucker — “Tour de Feather”
The chicken plucker won.
An earlier blog post described “Design Day” at the University of Maryland A. James Clark School of Engineering early this month. Marlin Steel was proud to be the exclusive corporate sponsor of the event because we have hired several graduates of the school for mechanical engineering jobs and because innovative design has been key to our company’s success in wire baskets and sheet metal fabrication. Continue reading →