Economy

Holmes County, Fla., home to a cluster of metal machining and fabrication outfits that employ skilled machinists and welders, has seen the manufacturing industry provide a solid foundation for economic opportunity and demand for a skilled workforce.

Penn State Behrend’s new Advanced Manufacturing and Innovation Center, a $16.5 million, 60,000-sq.-ft. building, will house Penn State Behrend’s mechanical engineering program, the college’s largest major, in terms of enrollment, and the industrial engineering program.

Economic activity in the manufacturing sector expanded in June for the fourth consecutive month, while the overall economy grew for the 85th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

Economists have been debating the performance of business investment during the current recovery. Much of the debate has centered around the relative importance of policy (such as regulation) and demand. Meanwhile, from a company’s perspective, it probably doesn’t make sense to invest when its existing plant and equipment are already underutilized.

Manufacturing technology orders for April 2016 were down 27.5 percent from the same month a year ago, according to the latest U.S. Manufacturing Technology Orders report compiled by AMT – The Association For Manufacturing Technology. Year to date, orders are down 16.6 percent compared to the same point in 2015. 

Haimer USA last month celebrated the grand opening of its new 25,000 sq. ft. North American headquarters with a ribbon cutting ceremony, distinguished guest speakers, on-site machine demos and presentations.

Economic activity in the manufacturing sector expanded in May for the third consecutive month, while the overall economy grew for the 84th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. The report was issued June 1 by Bradley J. Holcomb, chair of the Tempe, Ariz.-based Institute for Supply Management (ISM) Manufacturing Business Survey Committee.

As part of a global business initiative, seven business schools from around the world, including Georgetown University’s McDonough School of Business, the Wharton School at the University of Pennsylvania, and the Graduate School of Business at Stanford University, executed a multi-year research effort focusing on current practices and strategies associated with the sourcing of production and trends in a global supply chain.