Management

Ethics in Manufacturing

In the 1987 movie "Wall Street," the archetypal corporate villain Gordon Gekko memorably argues that “greed is good”—and that the bottom line is the only good a dutiful company need pursue. Thirty years on, Ethisphere Institute has announced 124 companies spanning five continents, 19 countries and 52 industry sectors as the 2017 World’s Most Ethical Companies honorees. Of these, four are in the category of Industrial Manufacturing: 3M Co., Deere & Co., Milliken & Co. and Timken Co. Kennametal Inc., Latrobe, Pa., is the only honored company in the category of Machine Tools and Accessories.

Kitagawa North-Tech to open new facility in Mexico

Kitagawa North-Tech Inc., Schaumburg, Ill., reportedly will open a new office and warehouse facility in Queretaro, Mexico, on April 7. Kitagawa North-Tech, which makes standard chucks, advanced chucks, cylinders, steady rests, custom-engineered workholding and workholding accessories, described the new facility as a demonstration of the company's "commitment to Mexican customers," according to a March 17 company news release.

Workforce: Finders Keepers

Cutting tool executive cautions manufacturers about ‘Made in USA’ label

Survey: U.S. manufacturers ready to embrace Industry 4.0

The U.S. manufacturing industry is rushing to embrace technology as a critical part of its processes and plans to make new technological investments in 2017, but barriers to Industry 4.0 adoption still exist, according to Automation Alley’s 2017 Technology Industry Report. According to the report, 85% of national manufacturing executives said their company plans to increase budgets for technological advancements; nearly a third of them plan to increase their budgets by 10% to 15%.

Manufacturing's 'Hottest Jobs'

At Manufacturing Tomorrow, Greg Dyer of Randstad Commercial Staffing writes about “The hottest jobs in manufacturing in 2017.” He notes “new technology, innovative production systems, a growing preference for American-made goods and a decline in offshoring are transforming U.S. manufacturing. There is an increased demand for technology-savvy workers to not only capitalize on the next industrial revolution, but to fill a critical void left behind by retiring workers.” The hottest manufacturing jobs this year are: “production supervisor, maintenance mechanic, driver, machine operator and warehouse supervisor.”