COVID-19 marked the first time in history that supply, demand and the workforce were impacted at the same time by an adverse event. Manufacturing sites shut down, ports closed and the global economy was hit hard.
I have been confused lately by contradictory messages coming from people and news sources I pay attention to. On the one hand I hear and read—from knowledgeable sources—that manufacturing in the U. S. is becoming “hollowed out.”
Caterpillar Inc., the Deerfield, Illinois-based maker of heavy equipment, today reported lower quarterly and full-year profit after sales were hit by the COVID-19 pandemic.
To cash in on the additive market in the future, the company knows it has work to help customers move beyond the early adopter phase.
Durable goods orders increased in December, aided by orders for machinery, the U.S. Commerce Department said today.
Boeing Co. today reported a record annual loss of almost $12 billion as it dealt with the 737 Max crisis and a slump in demand for air travel.
Honda has a long history of corporate excellence driven by an enduring philosophy of “joy.” It believes in creating joy for its customers when they buy, for its dealers when they sell, and for its associates and suppliers when they create.
Thanks in part to its pro-business policies, strong workforce, and trade infrastructure, Florida ranks among the nation’s top 10 states for manufacturing.
IPG Photonics Corp., a manufacturer of high-power fiber lasers and amplifiers for materials processing and other applications has appointed Jeanmarie Desmond and Natalia Pavlova to its board of directors, effective January 7, 2021.
Formlabs, known for its line of desktop stereolithography (SLA) printers, is looking to expand its 3D printing reach with availability of its new Fuse 1 benchtop industrial selective laser sintering (SLS) 3D printer. Under development for nearly seven years, the Fuse 1 marks a notable change for Formlabs as they expand into a new additive manufacturing process.
