Industry Trends & Analysis

Regal Cutting Tools, Roscoe, Ill., has been part of Hononegah Community High School's Workplace Readiness Program for years, including job shadowing and training workshops. The company also is very involved in Beloit Memorial High School's technical programs, providing mentorship, summer apprenticeships and internships. The success of the programs with Regal Cutting Tools and other companies has created a problem. "I never have enough students to make my level three machining class run," said a machining and welding instructor at Beloit Memorial. "The reason why is because they're pilfered off the machining two class to work for these different companies. It's an excellent sign of demand."

The McKinsey Global Institute released new research this week that outlines opportunities to boost manufacturing by up to $530 billion, or 20 percent, over current trends by 2025—and create more than 2 million jobs. The report also provides fresh details on why the US manufacturing sector has suffered steep declines.

Economic activity in the manufacturing sector expanded in October, and the overall economy grew for the 101st consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. The October PMI registered 58.7 percent, a decrease of 2.1 percentage points from the September reading of 60.8 percent. This indicates growth in manufacturing for the 14th consecutive month and continues expansion consistent with pre-hurricane levels.

Similar to the parts manufacturers and equipment suppliers we reach, Cutting Tool Engineering strives for continuous improvement. This endeavor includes the feature article, columns and departments, as well as our website, with our most recent efforts focused on the news section.

In a clear echo of the 'Rosie the Riveter' campaign of WWII, manufacturing organizations in 2017 are striving to let women know that their talents are needed, the work is important and rewarding, and unlike in their grandparents' time, the jobs are permanent.

Good news about the manufacturing economy was shared with members of the United States Cutting Tool Institute who attended the trade association's fall meeting, held Oct. 7-9 in Coeur d'Alene, Idaho.

The mood of MFG Day, the annual celebration of U.S. manufacturing that took place Oct. 6, doesn't cease after the plant tours and information sessions end and the participating students, parents and educators head home.

Economic activity in the manufacturing sector expanded in September, and the overall economy grew for the 100th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. The September PMI was 60.8 percent, an increase of 2 percentage points from the August reading of 58.8 percent. This indicates growth in manufacturing for the 13th consecutive month and is the highest reading since May 2004, when the index registered 61.4 percent.

Join thousands of manufacturers Oct. 6 as they open their doors to show modern manufacturing in action and inspire the next generation of skilled workers. Manufacturing Day is an annual celebration in which manufacturers invite their communities—including students, educators, businesspeople, media and politicians—to facilities in a collective effort to educate visitors about manufacturing career opportunities and improve public perceptions of manufacturing.

Economic activity in the manufacturing sector expanded in August, and the overall economy grew for the 99th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. At 58.8 percent, the August PMI showed an increase of 2.5 percentage points from the July reading of 56.3 percent.