Industry News

Economic pundits anticipate global machine tool consumption will increase 2.1 percent in 2017, reaching a market value of $73.6 billion, according to the German Machine Tool Builders' Association, Frankfurt am Main, Germany. The group released the machine tool business data at a March 9 press conference in Chicago for the EMO trade show, which takes place Sept.

Worldwide manufacturing business conditions showed the largest improvement for more than five-and-a-half years in February, with global trade expanding at the fastest rate for just under six years and optimism about the future continuing to improve. Manufacturing input prices meanwhile continued to rise markedly, albeit with the rate of increase easing slightly during the month.

Mayor Rahm Emanuel and mHUB's board of directors announced the official grand opening of mHUB, a physical product innovation center and microfactory designed to galvanize the manufacturing ecosystem by generating innovative ideas, attracting world-class talent and fostering collaboration.

Mastercam 2018 Public Beta is now open to all currently maintained Mastercam customers. Shops all over the world, from small job shops to Fortune 100, get a chance to test-drive Mastercam 2018 before it is released and provide valuable feedback to help shape the final product.

Economic activity in the manufacturing sector expanded in February, and the overall economy grew for the 93rd consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. The February PMI registered 57.7 percent, an increase of 1.7 percentage points from the January reading of 56 percent.

To a certain extent, other countries have taken advantage of the United States since the turn of the last century. Beginning with World War II and the Marshall Plan to rebuild Europe after much of it was destroyed, the United States insisted in promulgating our version of democracy and continued to fund economic assistance to underdeveloped countries, and not-so-underdeveloped nations as well.

Cerasis, a transportation-management company that works with the manufacturing industry, recently shared a list of manufacturing-technology trends that it says are growing in importance. Among them are green manufacturing, IIoT and computer analytics.

It's no secret that shop owners and managers frequently bellyache about the difficulty of attracting skilled workers and poach staff from other manufacturers by offering better pay.

Looking at the variety of certificate programs available at Sheridan College, Sheridan Media's Judy Hagerott offers a report on the Machine Tool Technology Program at Sheridan.

According to newly released figures by industry analyst EDA, new machine tool equipment sales jumped from 1,288 units in November 2016 to 1,744 in December—its highest number of the year and just slightly under 2015's highest monthly number of 1,825 units, also in December.

In a recent article, a few Forbes Technology Council members examined what jobs they think will be automated in the next five to 10 years. But what about the flip side of the issue: What kind of positions or work will be safe from the automation process?