26 Jul 2018

Tidal Wave of Rising Costs

2018-07-30T09:09:05-04:00July 26th, 2018|Categories: Risk Mitigation, Supply Chain|

July 26, 2018 – Falcon is experiencing significant price increases in most of the products we supply to our clients, whether imported directly or purchased domestically. The increases are due to a multitude of reasons: continued increased cost of raw materials, rising cost of domestic and international logistics, increased cost of labor, environmental regulations in Asia, and tariff increases. We’ve collected information below regarding each of these topics.

  • Rising Material Costs – You may recognize a few of the following companies – Caterpillar, 3M, Kimberly-Clark, Whirlpool, Proctor & Gamble, Ford, Ingersoll Rand, Packaging Corp. of America, Avery Dennison, and Allegion. All of these companies, as well as most companies in today’s market, reported negative impacts to their businesses due to significant raw material and commodity inflation. On top of the steady increases experienced throughout 2017, costs have continued to rise in 2018. We have little reason to expect any near-term softening.
    • Various steel costs rose in a range of 10% to 22% since the beginning of 2018.
    • Stainless steel is rising primarily due to the increasing cost of nickel that began back in June 2017. Since that time the cost of nickel has increased roughly 55%.
    • Chemical commodities have seen increases as much as 36%.
    • Crude oil and natural gas used to produce many different commodities have experienced inflation over 50%.
    • Aluminum will join this list in the near future due to U.S. tariffs.
9 Jul 2018

Watch Out for these Common and Uncommon Supply Chain Risks

2018-07-10T14:47:37-04:00July 9th, 2018|Categories: Risk Mitigation|

When an original equipment manufacturer (OEM) makes the decision to move toward lean manufacturing practices and policies, the very first step is to assess the current standing of the factory.

21 Mar 2018

Trump Steel and Aluminum Tariffs

2018-03-26T15:31:47-04:00March 21st, 2018|Categories: Risk Mitigation, Supply Chain|

On March 8, 2018, President Donald Trump signed two presidential proclamations introducing new safeguard tariffs on steel and aluminum of 25% and 10% respectively.

Tariffs will go into effect on any impacted goods entered or withdrawn from warehouse on or after 12:01 am on March 23, 2018 and will be in addition to any duty rate currently applied to the HTS…

22 Mar 2017

5 Lean Strategies Worth Knowing to Help Mitigate Risk

2018-01-08T11:48:49-04:00March 22nd, 2017|Categories: Risk Mitigation|

There are a number of tools OEMs can use to this end, including five innovations that can prove extremely beneficial in the manufacturing industry: gemba, hoshin kanri, jidoka, kaizen and poka-yoke.

16 Jun 2015

OEE: How to Measure Effectiveness of Manufacturing Equipment and Processes

2018-03-31T19:46:41-04:00June 16th, 2015|Categories: Lean Manufacturing, Risk Mitigation|

As efficiency is a key factor in successful lean manufacturing efforts, it is imperative that original equipment manufacturers (OEMs) are able to measure the finer points of their equipment and production processes.

22 Apr 2015

Report Reveals Global State of Supply Chain Risk

2017-03-21T12:00:19-04:00April 22nd, 2015|Categories: Risk Mitigation, Supply Chain|

Many different external factors can threaten the supply chain both globally and locally. While it can be difficult to predict when the next political fiasco or natural disaster will strike, looking to recent issues can provide insight into what sorts of incidents manufacturers can prepare to face.

4 Mar 2015

How to Calculate Overall Equipment Effectiveness (OEE)

2018-03-31T19:44:12-04:00March 4th, 2015|Categories: Lean Manufacturing, Risk Mitigation|

The equipment you use to build your products plays an integral role in production, and if anything isn't delivering high-quality results it can drag down your entire operation. Thankfully, there's a formula that can help you measure overall equipment effectiveness (OEE) so you can more easily manage your factory floor.

Fasteners and Class C Component Supply

Falcon supplies fasteners and inventory management services to manufacturers in North and South Carolina, Kentucky, and the surrounding areas.

Charlotte Office

10715 John Price Road
Charlotte, NC 28273

Phone: 800.438.0332

Mobile: 704.588.4740

Mailing Address

P.O. Box 7429 | Charlotte, NC 28241-7429

Phone: 704.588.4740

Fax: 704.588.5753

Kentucky Office

11536 Commonwealth Drive
Louisville, KY 40299

Phone: 502.266.6292

Fax: 502.526.5567