Before the coronavirus pandemic upended normal life and essentially shut down commercial airliners, the aviation industry had a projected need for 40,000 new aircraft—planes, helicopters, air taxis, and unmanned aerial vehicles—in the next 20 years.
U.S. manufacturing added 66,000 jobs in September, with the majority of that in durable goods, the Bureau of Labor Statistics said today.
In spite of advancing digitalization, manual workstations are still indispensable because automation is not always profitable with small batch quantities or complex processes.
When the COVID-19 pandemic hit, many aerospace and defense manufacturers realized they were not resilient enough to withstand the resulting challenges in their supply chains.
Manufacturing economic expansion eased in September while remaining at strong levels overall, the Institute for Supply Management said today.
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.”
While the manufacturing sector generates large amounts of data, relatively few companies have fully harnessed that data to improve operational efficiencies.
Betting that the worst of the pandemic will be over and travel restrictions lifted, the 2021 edition the machine tool exhibition is putting out the welcome mat to the world.
As more original equipment manufacturers (OEMs) and job shops “warm up” to the idea of laser welding, many have turned their attention to four specific technologies.
Improvements in manufacturing management software, robotics, additive manufacturing and thermal controls are making small batch sizes more cost effective—even for smaller shops. Manufacturing plants are able to reduce inventory, improve throughput and reduce demands on human operators.