Caterpillar Inc., the Deerfield, Illinois-based maker of heavy equipment, today reported lower quarterly and full-year profit after sales were hit by the COVID-19 pandemic.
Thanks in part to its pro-business policies, strong workforce, and trade infrastructure, Florida ranks among the nation’s top 10 states for manufacturing.
Machine tool orders rose in May both on a monthly and year-over-year basis, AMT – The Association for Manufacturing Technology said today.
New orders for manufactured durable goods in May increased $5.7 billion (2.3 percent) to $253.3 billion. The increase followed a 0.8 percent April decrease.
FABTECH will be the first large-scale manufacturing trade show to return to McCormick Place in Chicago, September 13-16. The announcement comes as the state of Illinois moves into its final reopening phase.
A widening skills gap threatens U.S. manufacturing competitiveness and consequently our economy. A talent pipeline with a sufficient supply of properly aligned skills is imperative to meet U.S. manufacturers’ needs for capacity, productivity and innovation.
Recruiting, training and retaining manufacturing workers is a constant challenge. The skills gap is real and growing, but the manufacturing industry has several tools to deal with this challenge.
Sarah O'Sullivan, accounting director at LeaseQuery, talked to SME Media about how accounting changes related to leases are affecting manufacturers.
GE and the Global Manufacturing and Industrialisation Summit (GMIS) have announced a partnership to explore the role of digitization, lean manufacturing, and workplace safety to support the transformation of manufacturing and economic regeneration.
The Institute for Supply Management issued an economic forecast calling for expansion for the rest of 2021.
