According to a survey conducted by ISM, 75 percent of U.S. manufacturing companies experienced delayed resources and materials due to the COVID-19 pandemic. The outbreak has forced manufacturers to rethink supply chains to allow for product diversification.
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Machine tool orders gained in September as manufacturing recovered from a severe recession.
Manufacturing added 38,000 jobs in October, with a majority in durable goods, the Bureau of Labor Statistics 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.
General Motors Co. today reported a third-quarter earnings recovery on sales of high-profit trucks.
3D Systems said it has agreed to Cimatron Ltd. and GibbsCAM CNC programming software businesses, to Battery Ventures.
Manufacturing expanded in October as new orders, production and employment all improved, the Institute for Supply Management said today.
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?”
Durable goods orders increased in September on transportation equipment, the U.S. Commerce Department said today.