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Peter Drucker, known as the father of modern management, was quoted in a 2006 article in Forbes as saying, “Because the purpose of business is to create a customer, the business enterprise has two—and only two—basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.”

Now on its third generation of family ownership, Tapmatic Corp. of Post Falls, Idaho, continues to thrive, and surprise.

Shyft Group, Inc. said it F3 MFG Inc. (“F3”), an aluminum truck body and accessory manufacturer.

The Federal Aviation Administration lifted a grounding order on Boeing Co.'s 737 Max that had been in effect since early 2019.

The push to modernize technology-intensive sectors in Asia—such as automotive, aerospace and general engineering—is constantly stretching machine tool builders in the region to their limits. The demand is not just for standard machines.

Aim is to manage “next normal” in manufacturing with a workplace distancing solution.

Corporate finance chiefs are concerned about a second wave of infections from the novel coronavirus (COVID-19), consulting firm PwC said.

Kyocera Precision Tools, Hendersonville, N.C., has expanded its jet coolant-through toolholder series, which provides multiple high-pressure coolant streams at precise locations providing excellent chip control and wear prevention, according to the company.

In the April 2020 Research Focus column, we discussed results from the first year of the SME Media Manufacturing Technology Harmonization Study.

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.