Chris Holman welcomes Larry Mann, Market Manager, SVP, Bank of America.
Their topic of discussion is what are the key findings of Bank of America’s first Mid-Sized Business Owner Report?

§ How are MSBOs fairing in a post-pandemic world?

§ What is the economic outlet over the next 12 months for MSBOs?

§ Are MSBOs planning to invest in their businesses?

§ How are MSBOs attracting and retaining top talent?

§ What new digital strategies are MSBOs adopting to optimize their businesses?

§ What other trends are you seeing for MSBOs in metro Detroit?

§ What are some of the challenges?


Here are some Key Takeaways from the Bank of America 2023 Mid-Sized Business Owner Report

§ Mid-Sized Business Owners (or MSBOs) maintain a positive outlook, as 75% plan to expand their business, and 67% expect the national economy to improve over the next 12 months.

§ Over the last 12 months, 90% of MSBOs have adopted digital strategies to further optimize their businesses and operations, with new digital tools helping them to save time (48%), increase customer satisfaction (43%), manage cash flow (43%), stay organized (41%) and reach new customers (37%).

§ Employees are the most valuable asset of any company, and current labor shortages have challenged business owners looking to attract and retain talent.

§ The Mid-Sized Business Owner Report found that many MSBOs struggle to find skilled, experienced employees.

§ To attract qualified candidates, many MSBOs are increasing salaries (43%), offering more PTO (40%), strengthening retirement benefits (36%), and introducing new employee training and resource groups (34%).

§ Inflation and supply chain issues persistently affect MSBOs, leading to operational adjustments and price increases. According to the bank’s findings, 94% of MSBOs confirm that inflation currently impacts their businesses, with 45% opting to raise prices, 37% reevaluating cash flow and spending, 35% increasing employee wages, and 33% reducing business costs.

§ 87% of businesses who have adopted digital strategies in the last 12 months plan to utilize automation/AI tools.

Michigan Business Beat | Larry Mann, Key Findings of First Mid-Sized Business Owner Report

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"Single Temp Batch Pasteurizer: High-Quality, Compact Pasteurization for Small to Mid-Sized Beverage Producers"
Article Release for Brewmasters and Beverage Makers, sponsored by PRO Engineering / Manufacturing Inc.

Article Excerpt:
“Affordable, Efficient Single Temp Batch Pasteurizer: Compact, High-Quality Solution for Small and Mid-Sized Beverage Producers:

INTRODUCTION
At PRO Engineering & Manufacturing, Inc., we understand that small and mid-sized beverage producers need affordable, efficient solutions that deliver consistent pasteurization without compromising on quality. 

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Check out the latest industry news and trends:
https://prowm.com/latest-industry-news/

PRO Engineering / Manufacturing Inc.
11175 W Heather Ave., Milwaukee, WI 53224
414-362-1500
sales@prowm.com
https://prowm.com

Tunnel Pasteurizers:
https://prowm.com/tunnel-pasteurizers/

Batch Pasteurizers:
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Previous Post:
https://www.linkedin.com/posts/pro-engineering-and-mfg-inc_beerindustry-hardseltzernews-hardseltzer-activity-7252034371266752512-VxiB

ABOUT PRO ENGINEERING / MANUFACTURING INC.
Trusted | Knowledge | Quality
We have been involved in pasteurizers since 1977. 

PRO Engineering / Manufacturing Inc. has developed a range of small, medium, and large-sized tunnel & batch pasteurizers to fit the needs of BrewMasters and Beverage Makers.

When our customers asked for more compact as well as full-size tunnel pasteurizers, PRO developed models to fit our customers’ needs. Then our customers needed a batch pasteurizer. We now provide batch pasteurizers; PRO is a business that continually innovates to meet customer needs.

For more than 40 years, we have been delivering solutions for beverage product shelf stability and consumption safety.

Edward A. Michalski CEO
Ed Michalski started his career in the beverage industry by designing stainless steel, higher flow, spray headers for Pabst Brewing. Along with the header design he also developed a process to produce the new headers. 

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PRO Engineering / Manufacturing Inc. has been designing and manufacturing great pasteurizers for over four decades. 

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Single Temp Batch Pasteurizer: High-Quality, Compact Pasteurization for Small to Mid-Sized Producers

The Home of Business in Michigan. Get on-demand access to audio programs, articles and resources presented by savvy business leaders and industry experts.

For over than 40 years, PRO Engineering and Manufacturing, Inc. has been delivering solutions for beverage product shelf stability and consumption safety. 

As leading innovators in post-fill pasteurization, our skilled team offers the best in high-quality pasteurization equipment. 

We offer a wide range of small, medium and high production sized pasteurizers that address a wide range of production requirements.

PRO Engineering & Manufacturing
11175 W Heather Ave Milwaukee, WI 53224
414-362-1500
https://prowm.com/

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