Expect at least two recessions, or downturns in GDP growth, in the next few years. That is the prediction of Brian Beaulieu, CEO and chief economist for ITR Economics.
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Machine tool orders posted a small gain in October, helped by a boost from machine shops and the auto industry, according to a monthly report.
Manufacturing should expand in the first half of 2020, including increased revenue for companies, the Institute for Supply Management said this week in a semi-annual forecast.
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It doesn’t take long to see the changing face of manufacturing staples in Volusia County. Strategically located in the thriving central Florida marketplace east of Orlando along the I-4/I-95 highways, Volusia County has always been a good geographic location for manufacturers.
In manufacturing, the most efficient process is destined to come out on top. Efficiency is the highest priority. Toyota revolutionized the standards of efficient manufacturing by applying the principles of what is now known as lean thinking, a term coined by Daniel T. Jones and James P. Womack who have studied Toyota’s rise in-depth.
There is a lot of promise in the coming adoption of Model-Based Definition (MBD) in industry. MBD is the practice of attaching useful information to a 3D CAD model, such as tolerances or material properties. This should be especially good news for manufacturing engineers.
Turning to software over paper reports does more than just save trees. Chris Mahar, Associate Editor of Manufacturing Engineering, talks with David McPhail, President and CEO of Memex Inc., about how manufacturers can utilize technology to improve efficiency, reduce downtime and boost productivity and profits across their business.
I get to observe, read about or write on manufacturing trends nearly every day. Around this time of year (mid-December), lots of manufacturing Top 10 Trends lists are published. I was curious about how many of these trends SME Media has covered in the last year and plans to cover in 2019.
Nobody knows just yet how the auto industry will adopt 3D printing. But Desktop Metal Inc. (Burlington, MA) is in a better position than most to make an educated guess.