The Federal Reserve recently announced that manufacturing output was down in March. The decline was unexpected and represented the largest drop in seven months. Specifically, the Fed explained that manufacturing production was down 0.4% in March. Output in February was revised in a southward direction to show a gain of 0.3% rather than the previously announced 0.5% increase. The manufacturing index decline in March was the first loss since last August.
The big news in manufacturing is that GM is making cuts. Axios reported that, "General Motors said Monday that it will cut 15% of its salaried workforce, estimated to be around 14,700 people in North ...
With manufacturing on the rise, there is more interest in starting new manufacturing companies. Axcess News put together some advice and considerations! They said, "Thriving in the manufacturing busin...
Technology is advancing at a rapid rate, so by 2050 the industry could look vastly different. If that seems like a long ways away, remember that now to 2050 is as far away as 1988 to now! Advanced Man...
We've all heard of industry 4.0 now, but what is globalization 4.0? The World Economic Forum says we are moving into a new phase of globalization and that, "Globalization and technology are intimately...
The numbers are in and manufacturing jobs are still on the rise. CNS news reported, "Manufacturing jobs in the United States increased by 32,000 in October and have now increased by 434,000 during the...
If your manufacturing business is planning for the long term, industry 4.0 should be integrated in that plan. American Machinist claimed that many businesses are focusing too much on the short term, a...
The state of infrastructure can make a big impact on manufacturing success. First, the manufacturing industry would get a boost by supplying the materials for the infrastructure upgrades. Also, Indust...
Our world is becoming increasingly more connected every day. For some manufacturers, this could mean that your competition is no longer limited to other local businesses, you could be competing with c...
