Reuters U.S. manufacturing output suffered a record drop in April as the novel coronavirus pandemic fractured supply chains and depressed demand, supporting economists’ views the economy will shrink in the second quarter at a pace not seen since the Great Depression. The Federal Reserve said on Friday manufacturing production plunged 13.7%, the biggest drop in the series’ history. Data for March was revised to show output at factories dropping 5.5% instead of decreasing 6.3% as previously reported.
Visit https://www.reuters.com/article/us-usa-economy-output/u-s-manufacturing-production-posts-record-decline-idUSKBN22R24A to view the full article online.
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Wednesday, May 20 – Coronavirus, the economy and key machinery markets – current perspective (with Jim Meil) Wednesday, June 3 – The evolving U.S.-China trade relationship: The phase one trade deal, the phase two negotiations, and how U.S, trade policy on China impacts you (Free for AGMA members) Wednesday, June 17 – 2020 Political Outlook (with A.B. Stoddard)
Visit https://www.agma.org/education/online/webinars/ to view the full article online.
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Air Force Magazine Additive manufacturing is changing the way many products are prototyped and developed. But in most cases, its use has been limited to peripheral components. Not anymore. GE Aviation is now using the technology to dramatically reduce the parts count, weight and complexity of jet engine parts – slashing production times and fuel consumption in the process.
Visit https://www.airforcemag.com/ge-wants-to-bring-the-speed-of-additive-manufacturing-to-the-air-force/ to view the full article online.
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The Verge Dyson’s canceled electric vehicle was known internally as the N526, would have had a 600-mile range per charge and could go from zero to 62 mph in 4.8 seconds, company founder James Dyson said in an interview with the (London) Sunday Times. James Dyson says he even drove the prototype of the SUV-style vehicle, meant to rival Tesla’s electric vehicles, “secretly in a screened-off compond.”
Visit https://www.theverge.com/2020/5/17/21261473/james-dyson-electric-vehicle-tesla to view the full article online.
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Environmental Leader General Motors signed an agreement for 100 megawatts of solar energy to fully power GM’s manufacturing plant in Spring Hill, Tennessee, starting in late 2022. The automaker signed a green tariff agreement with the Tennessee Valley Authority for as much as 100 MW annually from a solar farm in Lowndes County, Mississippi, being developed by Origis Energy.
Visit https://www.environmentalleader.com/2020/05/gm-solar-tennessee-plant/ to view the full article online.
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Design News This week, Thomas released a survey reporting on the impact of COVID-19 on U.S. manufacturing and industry. The survey quizzed more than 1,000 North American manufacturers and industrial suppliers to find out how they have been affected by the global pandemic. The survey also looked at trends in a post-pandemic world. Both reshoring and the deployment of automation have become more interesting to respondents. The survey reveals that 64% of manufacturers say they are likely to bring manufacturing production and sourcing back to North America, which is a 10% increase from the same sentiment reported in Thomas’ March survey of manfuacturers.
Visit https://www.designnews.com/automation-motion-control/how-are-manufacturers-holding-during-pandemic/124103992863029 to view the full article online.
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AGMA AGMA has dynamic market intelligence programs for the gear manufacturing industry that allow you to see your company’s place clearly by both benchmarking performance and actual booking and shipment data.
Visit https://www.agma.org/membership/statistical-reports/ to view the full article online.
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Farm Bureau Agriculture depends on safe and efficient infrastructure. Rural roads and bridges are a critical link in our nation’s food supply chain. Preliminary data from the Bureau of Transportation Statistics Commodity Flow Survey show that more than 70% of America’s freight worth $10 trillion is moved on the highway system. U.S. roads and highways link farmers, ranchers, manufacturers and service industries to grain elevators, ethanol plants, processors, feedlots, markets and ports.
Visit https://www.fb.org/market-intel/the-challenges-and-opportunities-of-improving-a-critical-link-of-the-agricu to view the full article online.
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The Western Producer The on-road electric vehicle (EV) and hybrid market is far more mature than the off-road market that includes agriculture applications. In the on-road market there are plenty of components, from generators and batteries to safety systems that vehicle makers can use, which is one of the reasons there have recently been new offerings on the market.
Visit https://www.producer.com/2020/05/electric-hybrid-equipment-finding-foothold-in-agriculture/ to view the full article online.
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GreenBiz While many around the world, ordered indoors amid the COVID-19 pandemic, are coming up with innovative ways to plant small victory gardens in, around and on top of their homes, plenty of change is afoot in big ag – much of it driven by new technologies.
Visit https://www.greenbiz.com/article/robotic-hybrid-electric-future-agriculture to view the full article online.
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