MHI Solutions

Human Resources

ALL IN THE FAMILY: LEADERSHIP LINKS MULTIPLE GENERATIONS

These MHI Member Companies Share What Makes Their Generation-Spanning Business Operations Successful —

By Brian Reaves, MHI Executive Vice President —

Days before MHI was prepping to throw open the North and South Halls at McCormick Place in Chicago at ProMat 2017 this past spring, a Board of Governors’ member casually noted that multiple exhibitors—and indeed several MHI member companies—would be represented at ProMat by one or more generations of the same family.

Because we don’t document or track our members’ familial-business relationships, we asked around. To our surprise, we’ve discovered roughly a dozen such companies among our membership ranks, and suspect there may even be more (see sidebar on page 28).

Four companies—Flexcon Container, Hamilton Caster & Manufacturing Co., Southworth International Group and UNEX Manufacturing—graciously agreed to take a few minutes at the show to herd their respective family members together and pose for a quick portrait within their exhibits. Each also shared insights into what makes their generation-spanning business operations continually successful.

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Emerging technologies such as IIoT, robotics and artificial intelligence provide exciting opportunities for supply chains. They also mean an exponential growth in the amount of data these supply chains generate. When properly utilized, this data can provide crucial information to improve efficiency, reduce costs, enhance transparency and customer service. But it comes with risk. The more digitized a supply chain becomes, the more it is at risk of cyberattack. Hackers are constantly finding new ways create data breaches they can exploit. The reality that most supply chains require third-party suppliers down the chain only heightens this threat. No matter the scale of your supply chain, it is essential to have solid cybersecurity processes in place to manage and mitigate the growing risk of cyberattack. That’s what this issue of MHI Solutions is all about, from cybersecurity threats in an IIoT world to dark data to the human factor in cybersecurity to blockchain as a potential solution.

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