The delta variant of the coronavirus, a shortage of semiconductors, logistics challenges and a scarcity of skilled labor are affecting the rebound of manufacturing, but there is reason for optimism.
Business may not be back to pre-pandemic levels across the board, but the U.S. Cutting Tool Institute’s spring meeting and the latest economic indicators are a welcome shot in the arm for the industry.
Fewer than 30% of manufacturers have extensively adopted Industry 4.0 technologies, according to findings published in a new report, but manufacturers’ reluctance to go digital might have to change if they are to adapt to an unpredictable future. Sandvik Coromant's testing finds that an increase in machine utilization can result in a higher gross profit margin.