Thanks for posting Dave! So many good relatable nuggets in here, which many ‘commodity’ businesses in the US are facing:
On technical knowledge retention:
“Stafstrom, who retired in 2021, said the factory’s struggles were exacerbated by attrition among “gray-haired folks” with deep knowledge of tool making, while Felty said turnover at the top of Stanley’s tool division contributed.”
On oversimplification of the skill level involved with human labor:
“Massachusetts Institute of Technology professor and roboticist Julie Shah said people often have expertise and flexibility machines can’t match. She recalled an aerospace company asking whether it could automate the work of an employee who had decades of experience heat-treating components in precise and varied ways.
“You dig into it and you’re like, ‘No, that is an extremely computationally complex problem,’ ” she said. “It’s really easy to undervalue the judgment and experience that someone brings to what seems to be like a fairly simple task.””
And then finally what I perceive to be the reality for the majority of consumers out there:
“Goldman Sachs analyst Joe Ritchie said that the shutdown of the Fort Worth plant is a minor issue in Stanley’s overall business. Shoppers likely will take it in stride if the tools continue to be made overseas, he said, and investors are focused on the broader cost-reduction plan. Shares are up about 27% since the start of the year.”
And the minority:
“Some consumers, though, were infuriated. Jeff King, a former tech executive who hosts a YouTube review show called the Den of Tools, said his viewers’ excitement about once-beloved tools returning to U.S. production curdled into a feeling that they were misled.”
Backed up by this:
“Wisconsin carpenter Eric Jacobi got two sets through an online store that serves the military. A spokeswoman for the Army & Air Force Exchange Service said it had acquired 1,200 produced for a retailer that backed out of its purchase.
Jacobi, who runs a Craftsman fan group on Facebook, said the tools felt sturdier than their Taiwan-made equivalents, though some sockets were overly shallow and not entirely chrome plated.”
Feelings are quickly overshadowed by actual tactile quality perceptions by most, unless you have a strong emotional swing one direction or the other, which I don’t believe most do.
Also- does anyone else see irony in attempting to equip an ‘American Made’ plant with equipment from Belarus???