PMPA Annual Meeting Wraps Up

Yesterday saw the close of the Precision Machined Products Association’s (PMPA’s) 2016 Annual Meeting on Hilton Head Island, South Carolina. The meeting ran Friday, Oct. 21, through Tuesday, Oct. 25, and provided members with fantastic networking opportunities while offering business sessions that addressed issues that strongly affect our businesses today.

After a President’s Welcome reception and dinner on Friday evening, Economist Brian Beaulieu, from ITR Economics, kicked off the business sessions Saturday morning with a look at the current positive trends in both the U.S. and global economies. He discussed how long we can expect these trends to last and what warning signs to be on the lookout for.

In the next business session, “Intergenerational Collaboration,” Ken Beller (Near Bridge Inc.) addressed today’s generationally diverse workforce and customer base and explained ways to use this culture to create a competitive edge.

The following session featured Omar Nashashibi and John Guzik, from PMPA’s lobbying firm, The Franklin Partnership. The team provided unique, behind-the-scenes insights into the race for the White House and the battle for the Senate.

“Higher Profits through Better Pricing” was later presented by Casey Brown of Precision Pricing. Addressing the financial power of pricing, price sensitivity and segmentation, and value-based pricing, she provided attendees with practical, ready-to-implement steps to immediately apply to their organizations to better manage pricing and increase profits without sales volume loss.

Monday closed with a beautiful dinner and awards banquet, and the meeting wrapped up Tuesday morning with Past PMPA Presidents’ breakfast sessions. Like always, this edition of the Annual Meeting resulted in many opportunities for forming new relationships, fostering old ones, and gathering knowledge for strengthening PMPA member businesses.