Economy

Trends in manufacturing

Don Nelson, publisher of Cutting Tool Engineering and MICROmanufacturing magazines, interviews David J. Povich, president of Tool Alliance, Huntington Beach, Calif. Povich also was recently elected president of the United States Cutting Tool Institute.

What manufacturing skills gap?

12/01/2012

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Many reasons are given, including the bad image of manufacturing, lack of training in high schools and competition from other economic sectors. All of these reasons seem plausible. But now comes a study by The Boston Consulting Group, a management consulting firm, that seems to throw cold water on the idea of a serious skills gap. According to the authors, the skills gap in U.S. manufacturing is more limited than many believe. The study is part of BCG’s ongoing “Made in America, Again” study, which examines the changing economics of manufacturing.

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Specialty status

Sandvik Coromant video report suggests that collaboration, hyperspecialization and technology can help manufacturing companies prepare for the future.

ISM: Manufacturing contraction continues

Though up two-tenths of 1 percentage point since December 2015, economic activity in the manufacturing sector contracted in January for the fourth consecutive month as measured by the Manufacturing ISM Report on Business, which is published monthly by the Institute for Supply Management, Tempe, Ariz.

Reshoring revisited; rebuttal redux

While data used to calculate the 2015 A.T. Kearney U.S. Reshoring Index contradicts reports of a reshoring trend for U.S. manufacturing, the index itself should not be construed as opposition to reshoring efforts, according to A.T. Kearney, the Chicago-based global management consulting firm that publishes the index.

NIMS awards record number of manufacturing credentials

The National Institute for Metalworking Skills (NIMS), Fairfax, Va., last year awarded a record number of credentials to individuals seeking to start or further a career in manufacturing, NIMS announced in a Jan. 26 news release. In 2015, NIMS issued 21,420 industry-recognized credentials, with 18,901 of them issued in the United States, the organization reported. Compared to 2014, that's a 20 percent increase in U.S. credentials issued by NIMS.

Mastercam Joins WorldSkills

WorldSkills International, an Amsterdam-based organization promoting the need for skilled professionals through various means, recently welcomed Mastercam to its global partnership group, according to a CNC Software news release issued Jan. 26. The partnership begins in early 2016.

Industry-led initiative rebuts report questioning reshoring

Harry Moser, the founder and president of the Reshoring Initiative, an industry-led group out to prove offshoring is not always the best economical decision for companies, takes issue with the recently released 2015 A.T. Kearney U.S. Reshoring Index, which suggested that the reshoring trend was an aberration. A.T. Kearney, a global management consulting firm headquartered in Chicago, reported in December that its reshoring index dropped to -115 in 2015. A negative value is said to indicate net offshoring, according to the consulting firm.

Addition of 5-axis training program draws national attention

A partnership between GF Machining Solutions, Lincolnshire, Ill., and a Colorado community college that brought 5-axis training to the school's machine technologies program recently earned recognition from the Obama administration for its efforts to confront an estimated 2 million manufacturing jobs expected to go unfilled over the next decade, according to a GF Machining Solutions news release issed Jan. 21.

2015 A.T. Kearney U.S. Reshoring Index reveals false start

U.S. manufacturing reshoring trends appear to have been short-lived, according to a Dec. 21 news release from A.T. Kearney, a global management consulting firm headquartered in Chicago. "The reshoring phenomenon appears to have been more a one-off aberration than an inexorable trend," the firm reported, citing new data from its second annual A.T. Kearney U.S. Reshoring Index. "Data from 2015 confirms that offshoring is gathering steam, while the reshoring train has yet to leave the station."