The auto industry’s recovery from a global semiconductor shortage may be long and require revamping supply chains, according to a report by the Deloitte consulting firm.
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Machine shops use a variety of techniques to track the condition of their cutting tools, ranging from simple to sophisticated. No matter what monitoring method is used, it can be crucial in preventing catastrophic tool failure. At its best, monitoring also significantly boosts tool life and slashes tooling costs.
Felsomat USA will host Innovation Day on June 10 at its U.S. headquarters in Schaumburg.
The U.S. has not been competitive, so companies sourced offshore to meet consumer and industrial demand for low-priced goods. Fortunately, however, a positive localization trend since 2010 indicates an increasing rate of reshoring by U.S. companies and foreign direct investment by foreign companies.
Manufacturing employment rose in May, receiving a major boost from motor vehicles and parts where people returned to work after temporary layoffs.
Automotive supplier Robert Bosch GmbH today outlined its North American investment plans.