The value of machine tool orders plunged in November as makers pared prices to cut inventory, according to a monthly report.
Not far from Florida’s metropolitan areas lie rural communities with the space and workforce to support manufacturing leaders. From Walton County in the Panhandle to the Heartland Counties near Lake Okeechobee, the state’s rural regions present a unique mix of resources for the manufacturing industry.
Durable goods orders rose last month, boosted by commercial and defense aircraft, the U.S. Commerce said today.
U.S. manufacturing added 66,000 jobs in September, with the majority of that in durable goods, the Bureau of Labor Statistics said today.
The world has changed remarkably in 2020. The new decade began with a sense of optimism and historically strong economies in both the commercial aerospace and defense sectors.
The National Association of Manufacturers said a quarterly survey shows strong use of liquidity programs like the Paycheck Protection Program and Main Street Lending Program.
The global auto industry will experience a slow recovery in 2021 from the COVID-19 pandemic, analysts at IHS Markit said today.
Promess Inc. has implemented a significant expansion of its manufacturing capabilities with the acquisition of a fully-equipped, 45,000 square foot facility in Brighton, Mich.
LIFT recently expanded the focus of its desire to “create innovations faster, better and cheaper” to the materials, processes and systems involved in moving innovations from concept to commercialization.
Most manufacturing executives participating in a survey said cybersecurity threats are beginning to overwhelm their resources.
