Greater Wilmington Business Journal - June 18 Issue

Page 1

That’s the rub Couple gets spicy Page 23

June 18 - July 1, 2021 Vol. 22, No. 12

$2.00

wilmingtonbiz.com

WEB EXCLUSIVE Airport news

ILM director voted out wilmingtonbiz.com

MANUFACTURING SPECIAL FOCUS

PAGE

9

IN THE NEWS: A roundup of the latest industry stories

PAGE

10 BRACED FOR CHANGE: Dental brackets firm grows in Leland

PAGE

23

FULL OF FLAVOR: Couple concocts spice rubs PHOTO BY MICHAEL CLINE SPENCER

Index Economic Indicators .............................. 3 Technology ............................................. 4 Hospitality ............................................. 5 The List ...............................................6-7 In Profile...............................................10 Real Estate...........................................18 Business of Life.............................. 22-23

Making a point: Mike McManus, CFO of Yogasleep, is part of a group addressing manufacturing issues.

SPECIAL FOCUS MANUFACTURING

MAKING INDUSTRY WORK LOCAL MANUFACTURERS FORM GROUP TO ADDRESS TALENT PIPELINE, MORE

SUBSCRIBE NOW SUBSCRIBE TO THE BUSINESS JOURNAL NOW AT WilmingtonBiz.com/subscribe Your subscription includes: • Unlimited access to stories on WilmingtonBiz.com • Bimonthly Business Journals, quarterly WilmingtonBiz Magazine and the 2021 Book on Business mailed to your office or home • At least 20 extra IQ points with your added business knowledge!

BY CHRISTINA HALEY O’NEAL

M

anufacturing companies in the Cape Fear region face two significant issues with their labor force.

They’re having trouble meeting immediate job needs to round out recovery and grow as they emerge from the constraints of the COVID-19 pandemic. And in the long run, many company leaders are starting to wonder what the future holds for

open positions. “We are hiring more outside of North Carolina than we have in the past,” said Michael McManus, CFO of Wilmington-based Yogasleep, a maker of nationally sold, fan-based sound machines. “I believe the entire job market right now is very tight from a talent recruitment standpoint.” In the world of manufacturing, however, improving the workforce situation may not lie just in COVID recovery efforts; nor is it as simple as reeling in the right talent, says a recently formed local manufacturing

partnership made up of several industry leaders, including McManus. Many companies are also seeking the next-generation hire looking for a long-term career in manufacturing before the lion’s share of the current workforce retires. To address such key issues, a group of 27 manufacturing executives have come together to form the Cape Fear Manufacturing Partnership.

THE RECOVERY

“Right now, we can’t get people to work,” said Eric Barton, vice president of operations for Tri-Tech See INDUSTRY, page 17


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.