Manufacturing Returns to Expansion in January February 3, 2020 Manufacturing returned to economic expansion in January, helped by gains in new orders and production, the Institute for Supply Management said today.
Trust and Truth: How Blockchain is Forming the Foundation of the Next Manufacturing Renaissance February 6, 2020 Amid predictions of global economic slowdowns and several recent PMI readings indicating manufacturing contraction, it becomes easy to see how slow production performance and data inefficiencies throughout the manufacturing supply chain contribute to economic uncertainty and concerns for future business.
Manufacturing Loses 12,000 Jobs, Paced by Motor Vehicles February 7, 2020 U.S. manufacturers cut 12,000 jobs in January, led by a loss of jobs in the motor vehicles sector. Makers of vehicles and parts pared 10,600 jobs, according to the U.S. Bureau of Labor Statistics.
2019 U.S. Cutting Tool Orders Close at $2.4 Billion February 24, 2020 December 2019 U.S. cutting tool consumption totaled $187.2 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
Fastems Launches Digital Manufacturing Solutions to Teach Automation to Students and Employees February 4, 2020 Fastems LLC has launched three new products to enable educational institutions and manufacturing enterprises to benefit from its advanced Digital Manufacturing (DM) solutions for factory automation. In addition to functioning as a classroom teaching and learning tool, DM enables companies to do training and testing before ramp-up and simulation during production.
Caterpillar Profit Rises Despite Lower Revenue January 31, 2020 Caterpillar Inc. today reported higher fourth-quarter profit as expense controls made up for lower revenue. The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of “continued global economic uncertainty” in 2020.
Industrial M&A Falls in 2019 January 27, 2020 Industrial merger and acquisition activity fell in 2019 because of slowing economies and trade uncertainty, consulting firm PwC said in a report.
Michigan Manufacturing Technology Center Announces Two Promotions February 19, 2020 Robert Lyscas has been promoted to the newly created position of Chief Operating Officer at the Michigan Manufacturing Technology Center (The Center). The announcement was made by Mike Coast, President of The Center.
MFG 2020 to be Held April 1-5 in Fort Lauderdale February 20, 2020 The Association For Manufacturing Technology (AMT) has announced that The MFG Meeting will be held April 1-5, 2020 in Fort Lauderdale, Fla. at the Fort Lauderdale Marriott Harbor Beach Resort & Spa.
Kennametal Announces Executive Leadership Changes February 3, 2020 Kennametal Inc. has announced two changes to its executive leadership team. These leadership moves are designed to drive profitable growth and continue to advance the company's strategy and transformation, according to a Kennametal statement.
