Featured Stories

Categories

The current strength of manufacturing in the United States

Graham Immerman
January 30, 2019

The manufacturing index dropped in December 2018, but Forbes still argues that the industry is stronger than you think. They said, "Manufacturing activity keeps expanding, albeit at a slower pace. And innovations in manufacturing technologies have just started to boost the efficiency and competitiveness of U.S. manufacturers - which might help explain the stabilization in export orders in a weaker global growth environment." There were a few drops last year that rebounded just fine. Don't write off manufacturing just yet, there is still a lot of growth left! 

U.S. Manufacturing Can Take The Punches - It Is Stronger Than You ThinkSource: http://www.forbes.com

The December drop in the ISM (Institute for Supply Management) Manufacturing Index seemed to bring the bad news that many feared and yet wanted to seeā€”like a scary scene in a horror movie. The one-month fall was eye-catching: 5 percentage points, the sharpest since the end of 2008. It lined up well with concerns over weakening global growth and subpar stock market performance. It bolstered fears that the trade war with China has started to take a toll on U.S. economic activity. And it provided fuel to the argument that the Fed should stop hiking interest rates. Economists in investment banks and research institutes will be busy updating their recession probability models. Read More

Comments

Related posts

Why veterans fit the manufacturing field so well
24Jan

Why veterans fit the manufacturing field so well

While many businesses are having trouble with the skills gap in manufacturing, some are finding that veterans have the right skill set. One business owner said the main relevant skills he finds in vet...

What to focus on for success in manufacturing
23Jan

What to focus on for success in manufacturing

With so many strategies taking over manufacturing, which are the most important? Manufacturing Global reported that Lisa Anderson of of LMA Consulting Group Inc. thinks there are a few key areas to fo...

Ways to motivate your manufacturing employees
21Jan

Ways to motivate your manufacturing employees

There are many ways to motivate your employees, but Industry Week says prizes are not the best choice. The skills gap is a concern for many companies right now, so attracting and retaining employees i...

When big data is too big
15Jan

When big data is too big

It's right there in the name - big data is big! Unfortunately, sometimes that can mean it becomes very difficult to sort through and find the actionable insights you need. Forbes said, "Fortunately, t...

Current technology trends in manufacturing services
02Jan

Current technology trends in manufacturing services

Technology is not just impacting production floors, it is impacting services in manufacturing as well! Manufacturing Global listed ta few standouts in this area. The first they mentioned is mobile app...

Retaining great employees
20Dec

Retaining great employees

With the current status of the skills market in manufacturing, it's important to retain your great employees! From millennials to those close to retiring age, it's a good idea to make sure your employ...

Manufacturing jobs increased in November
19Dec

Manufacturing jobs increased in November

The numbers are in and manufacturing jobs increased by 27,000 last month in the United States. That's a year-to-date increase of 288,000! Many of the jobs created were in durable goods. We still aren'...

Ten trends to watch next year
18Dec

Ten trends to watch next year

Manufacturing Global recently put together a list of ten manufacturing trends for 2019. It includes things like Investment / funding for SMEs, better diversity, and companies investing in the workforc...

Using OEE for lean
17Dec

Using OEE for lean

OEE is a great metric to dig into when working on lean manufacturing initiatives. However, companies that have found success using the metric recommend using it as a baseline and not relying on OEE en...

The impact of 3D printing
14Dec

The impact of 3D printing

If you're looking for something to listen to on your commute, check out this podcast about 3D printing! It's also transcribed and can be read if you click the link. Richard D'Aveni says 3D printing is...

banner1-1

Subscribe Email

banner2-2