Going into this year, economic improvement was forecast for manufacturing after a sluggish second half of 2019. Things weren’t expected to boom, but a solid economic year was supposed to be in the offing.
Manufacturing expanded in October as new orders, production and employment all improved, the Institute for Supply Management said today.
In March 2020, the World Health Organization (WHO) officially declared the novel coronavirus (COVID-19) outbreak a pandemic. Manufacturers are dealing with the fact that the virus has exposed the fact that many domestic (North American-based) brands rely significantly upon China for fulfilling some, part, or nearly all, of their supply chain.
Machine tool orders gained in September as manufacturing recovered from a severe recession.
3D Systems said it has agreed to Cimatron Ltd. and GibbsCAM CNC programming software businesses, to Battery Ventures.
Durable goods orders rose last month, boosted by commercial and defense aircraft, the U.S. Commerce said today.
Most manufacturing executives participating in a survey said cybersecurity threats are beginning to overwhelm their resources.
General Motors Co. today reported a third-quarter earnings recovery on sales of high-profit trucks.
Ford Motor Co. today reported a third-quarter earnings rebound on sales of trucks and SUVs. The automaker cautioned some bumps remain.
While the manufacturing industry learns to deal with COVID-19, it is also undergoing seismic change from other critical issues. Four industry leaders take on these issues in a panel discussion titled, “How Smart Manufacturing is Disrupting the Supply Chain - Are You Prepared?”