C-Suite Leadership News - October 19, 2015

Manufacturing C-Suite Leadership News

Volume I, Issue 5

October 19, 2015

Intellectuals solve problems, geniuses prevent them.

Albert Einstein

CIO Magazine Reports Rapid Growth of Cloud-based Enterprise Software for Manufacturing

CIO Magazine recently reported that the cloud is rapidly becoming the new standard for enterprise software. Organizations are moving the most important business processes beyond their own four walls en masse. The simplest way to quantify this is in terms of business software startups: essentially 100% of new enterprise technology companies are delivering solutions in the cloud.

Manufacturers are part of this shift. They relish the ability to share design information between customers and suppliers through a browser; monitor their production equipment around the globe; and download the latest supply and demand information in seconds. Driving down costs is a given. What manufacturers now realize is that the cloud also helps them improve product quality, boost output without building new factories, and get real-time notifications and alerts delivered.

C-level Executives in Manufacturing Find Ways to Handle Plastic Waste Challenges

Chief Executive magazine recently examine how manufacturing CEOs should find ways to manage the ocean's plastic waste challenges. Plastic waste floating in the oceans has become a significant problem, and it is important that manufacturers who use plastic in packaging and shipping materials should contribute to the solution. President Obama went to the Alaskan Arctic recently to highlight the issues involved with climate change. Maybe the next president will travel out to the middle of the Pacific Ocean and bob around on a blob of waste to underscore the growing importance of a fast-rising sustainability issue: plastic garbage that is floating all over the planet.

Manufacturing CEOs of many sorts including those who run plastic packaging companies, and the hundreds more whose factory goods go to retail sheathed in plastic, should put this issue on their radars and perhaps seek ways to get ahead of it. Such initiatives could involve, for example, launching and publicizing a major drive to come up with biodegradable and/or paper-based packaging for their products and moving away from a reliance on plastic.

Compensation and Demographics of Manufacturing CEOs

Manufacturing CEOs compensation varies greatly depending on company revenue, global footprint, stock compensation, and other variables. According to Payscale, Manufacturing Chief Executive Officers in the United States sees an average salaries - about $155K annually. Total cash earnings of Chief Executive Officers range from $73K on the low end to $412K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $141K and $103K, respectively.

Residence and experience level each impact pay for this group, with the former having the largest influence. Most people in this field love their work, finding it both fun and rewarding. A large number report receiving medical coverage from their employers and the larger part collect dental insurance. There are far more male Manufacturing Chief Executive Officers survey respondents than women, making up 83 percent. (Note: ten years ago there were only 3% of female Manufacturing CEOs.)

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C-Suite Leadership News - October 19, 2015

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