Manufacturing added 38,000 jobs in October, with a majority in durable goods, the Bureau of Labor Statistics said today.
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According to a survey conducted by ISM, 75 percent of U.S. manufacturing companies experienced delayed resources and materials due to the COVID-19 pandemic. The outbreak has forced manufacturers to rethink supply chains to allow for product diversification.
The SME Education Foundation has announced a new $2 million diversity, equity and inclusion scholarship to increase awards to underrepresented students, beginning in 2021.
Boeing Co. this week said it agreed to pay more than $2.5 billion because of fatal crashes stemming from problems with the 737 Max. The company is looking to the settlement a way to move on from a corporate crisis.
GF Machining Solutions said it will transition in phases to a direct sales and support model in several key states.
Honda Motor Co. this week began production of the 2022 Acura MDX. The company is using virtual reality, in combination with traditional training, to get output up to speed.
The creation of Stellantis through the merger of PSA and Fiat Chrysler is the newest test of the workforce of the former Chrysler Corp.
The manufacturing, automotive and energy sectors are currently battling tremendous challenges as they respond to the unfolding COVID-19 crisis globally.
Leak detection testing is growing in importance with the development of electric and self-driving vehicles.
Capstone Headwaters released its Precision Manufacturing Mergers & Acquisitions (M&A) Update Sept. 17, reporting that transaction activity in the precision manufacturing industry has remained strong despite the pandemic.