Jeff Mengel, a partner with accountancy and business advisory service Plante & Moran PLLC, has been studying the plastics industry for more than a decade, and his surveys and subsequent analysis of the industry's participants are quite revealing. He parses out the successful from the marginal players, and tells us what we need to do be successful in the molding business. While it's not rocket science, every year his survey reveals there are still too many molding company owners who haven't gotten the message.
So what does it take to be a successful molder? Here's some advice based on results from the latest survey results of the North American Plastics Industry Study, Spring 2011, from Plante & Moran's Plastics Group:...