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Shopfloor
The International Monetary Fund (IMF) predicts that world output will grow 3.4 percent in 2014, down from 3.7 percent in its April forecast. Much of the downward movement stems from weaker-than-expected data from the first quarter. Fortunately, manufacturers are mostly upbeat about the second half, and the IMF predicts 1.7 percent and 3.0 percent growth in the United States for 2014 and 2015, respectively. Visit http://www.shopfloor.org/2014/08/global-manufacturing-economic-update-august-8-2014/31908 to view the full article online. |
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The AGMA 2014 Fall Technical Meeting (FTM) provides an outstanding opportunity for you to receive the latest research in the field, network with your peers, and learn about latest methods and cutting edge technologies in the gearing industry today.
Visit http://www.agma.org/events-training/detail/2014-fall-technical-meeting to view the full article online. |
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RTT News
German manufacturing sector turnover recovered in June, a report from German statistical office DESTATIS showed Friday. Manufacturing turnover increased by a seasonally and working day adjusted 0.4 percent month-over-month in real terms in June. This followed a revised 1.1 percent drop in May. Visit http://www.rttnews.com/2367056/german-manufacturing-turnover-rebounds-in-june.aspx to view the full article online. |
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The Huffington Post
According to the database of manufacturing data from the U.S. Bureau of Labor Statistics, flagged in a recent piece at the Globe and Mail, Canada has seen the largest decline in manufacturing output among 19 industrialized countries. Even the crisis-wracked economies of Italy and Spain have managed to retain more of their manufacturing output. Visit http://www.huffingtonpost.ca/2014/08/08/manufacturing-crisis-canada_n_5662323.html to view the full article online. |
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firstbiz.
India's manufacturing industry is expected to witness a significant uptick in hiring activities in coming years amid improving business sentiments and the government's focus on this sector, HR experts believe. The recent surveys suggest that export orders are growing considerably, while rising domestic demand is expected to further boost the growth rates for the manufacturing sector. Visit http://firstbiz.firstpost.com/economy/manufacturing-sector-prepares-for-hiring-uptrend-on-growing-exports-domestic-demand-93229.html to view the full article online. |
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24/7 Wall St.
Economic activity in America’s manufacturing sector rose for the 13th consecutive month this June, according to the Institute for Supply Management. Manufacturing jobs have been on the upswing as well, rising for the 11th straight month in June. Using 2013 figures published by the Bureau of Economic Analysis for 2013, 24/7 Wall St. identified the 10 states where manufacturing still matters. Visit http://247wallst.com/special-report/2014/08/05/10-states-where-manufacturing-still-matters/ to view the full article online. |
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Washington Examiner
As many as one million new manufacturing jobs could be created in the U.S. by 2025 thanks to the abundance of natural gas now available because of advances in fracking technology. That's according to "Shale Gas: A Game Changer for U.S. Manufacturing," a study released late last month by the University of Michigan. Visit http://washingtonexaminer.com/study-finds-fracking-could-revive-manufacturing/article/2551858 to view the full article online. |
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seattlepi.com
A low-cost state loan to train manufacturing workers is drawing support from business groups that say Connecticut is ill-prepared for an increase in aerospace and other high-tech factory work, but some economists are dismissing the complaint as overblown. Visit http://www.seattlepi.com/news/article/Connecticut-seeks-training-for-manufacturing-jobs-5678448.php to view the full article online. |
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FOX News
The showroom of Holly Import, a Toyota authorized dealer in east Caracas, is packed. The image is astonishing in a country where, according to the latest data available from the Venezuelan Central Bank, the shortage of new vehicles amounts to 100 percent – i.e., there are no new cars for sale in the whole country. Visit http://latino.foxnews.com/latino/money/2014/08/05/venezuela-car-industry-moving-in-reverse-manufacture-down-83-in-one-year/ to view the full article online. |
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Chicago Tribune
Consumption patterns show the world will want more manufactured goods in the next 15 years, and Chicago is well positioned to play a role in demand for more specialized, short-lived, quickly produced products, said a McKinsey & Company principal who studies manufacturing in the Midwest and worldwide. Visit http://www.chicagotribune.com/bluesky/originals/chi-louis-rassey-mckinsey-manufacturing-shift-bsi-20140801-story.html to view the full article online. |
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Crain's Detroit Business
Growing demand for light trucks, particularly in North America, combined with successful efforts to diversify its business and client base led to the growth of American Axle & Manufacturing Holdings Inc. Visit http://www.crainsdetroit.com/article/20140809/NEWS/140809849/american-axle-manufacturing-holdings-inc# to view the full article online. |
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Modern Materials Handling
More than 1,500 manufacturing events across the country are estimated to mark the third-annual Manufacturing Day taking place Friday, Oct. 3, according to event co-producers. Manufacturing Day is designed to introduce as many people as possible to the important role played by manufacturing both in local communities and for the nation. The 2013 celebration included 831 official events. Visit http://www.mmh.com/article/manufacturing_day_events_expected_to_top_1500_in_2014 to view the full article online. |
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Quality Magazine
In the second quarter of 2014, merger and acquisition (M&A) activity in the industrial manufacturing sector hit record levels, accounting for the highest quarterly deal volume since the fourth quarter of 2007 and the highest value in more than 10 years, according to PwC US. Visit http://www.qualitymag.com/articles/92046-industrial-manufacturing-ma-value-volume-surge-to-record-highs to view the full article online. |
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Manufacturing.net
Manufacturers are always looking to push themselves and their machines harder to boost output and improve productivity. Every dollar earned pushes us higher toward meeting new profitability heights, and there are many steps that can help us grow. Visit http://www.manufacturing.net/articles/2014/08/how-to-increase-manufacturing-output to view the full article online. |
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Environmental Leader
A recent report issued by the Institute for Supply Management documents that the U.S. manufacturing sector has expanded over the past 11 months. Comments from panel members reflect significant growth through the first four months of 2014, providing evidence of meaningful strength in manufacturing – an economic sector once written off as dead. But, will 2014 be a good year for manufacturers? Visit http://www.environmentalleader.com/2014/08/07/3-trends-affecting-us-manufacturing/ to view the full article online. |
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IndustryWeek
It starts out laying flat, like a sheet of paper. Then it springs up, almost lifelike, and folds into moveable parts much like origami art. And then it crawls away. This new kind of robot could someday be used in space exploration, to slide into collapse sites to aid search and rescue, or to speed up manufacturing on assembly lines, experts said recently. Visit http://www.industryweek.com/technology/robots-inspired-origami-could-speed-manufacturing to view the full article online. |
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Modern Machine Shop
Mazak has been manufacturing machine tools in Florence, Kentucky, for 40 years. The growth and development of the production technology deployed in this plant reflect the most important advances in manufacturing during this span. Visit http://www.mmsonline.com/blog/post/advanced-technology-drives-40-years-of-manufacturing(2) to view the full article online. |
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Manufacturing.net
As in much of the science fiction surrounding these topics, I’m hopeful that our emotional intelligence, innovative minds, and consciousness (you know, the things that make us human) will keep us ahead of the curve. Jobs and manufacturing will continuously change, but people seem to have the advantage of adaptability. Visit http://www.manufacturing.net/blogs/2014/08/the-internet-of-things-robotic-manufacturing-and-the-end-of-the-world to view the full article online. |
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IndustryWeek
While there are some signs that American manufacturing is beginning to recover from the unprecedented losses of the 2000s, policymakers have much more work to do in establishing an institutional environment that supports the competitiveness of America’s manufacturing economy on a sustainable basis. Visit http://www.industryweek.com/education-training/manufacturing-universities-catalytic-step-toward-revitalizing-american-manufactur to view the full article online. |
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Aerospace Manufacturing and Design
In the report SmarTech found that sales to the aerospace industry of additive manufacturing (AM) equipment and associated software, services, and materials will reach $805 million in 2019, going on to reach $1.2 billion by 2023. Visit http://www.onlineamd.com/additive-manufacturing-strategic-implications-080914.aspx#.U-jkceNdV90 to view the full article online. |
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Triad Business Journal
Honda Power Equipment Manufacturing Inc., a division of American Honda Motor Co. Inc., is investing $8.5 million into its Swepsonville facility and planning the production of a new generator as it celebrates the plant's 30th anniversary on Wednesday. Visit http://www.bizjournals.com/triad/blog/2014/08/honda-power-equipment-investing-8-5m-in.html to view the full article online. |
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IndustryWeek
Recently, rising energy prices, wage inflation and customer demand for shorter lead times have led many U.S. companies to consider "reshoring" the production of goods bound for domestic markets back to America. A decision to reshore should not be made absent the following considerations. Visit http://www.industryweek.com/expansion-management/reshoring-manufacturers-checklist to view the full article online. |
