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.
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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.
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.
The measuring and inspection arm of Japanese camera giant Nikon, Nikon Metrology, debuts APDIS, a Laser Radar inspection system the company claims is up to 10 times faster than conventional measurement tools, saving production lines time and money.
Ford Motor Co. today reported a third-quarter earnings rebound on sales of trucks and SUVs. The automaker cautioned some bumps remain.