Industry Trends & Analysis

Articles • August 1, 2016

Deflated earnings

Cutting Tool Engineering magazine's 2016 Salary Survey reveals the paychecks metalworking professionals receive are not packing as much punch.

News • July 22, 2016

Penn State opens Advanced Mfg. & Innovation Center

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.

News • July 6, 2016

ISM Says New Orders, Production, Employment Growing

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.

Articles • July 1, 2016 • Alan Richter

A Dual Personality

Numerous factors determine whether a manufacturer is profitable or not. Lately, one of those factors for a U.S. manufacturer is whether it is is focused on the domestic market or pursuing a global approach.

News • June 24, 2016

Manufacturing capacity utilization has not recovered–what does this mean?

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.

News • June 23, 2016 • Kip Hanson

Why the Web

Sound website design and integration attracts new business and simplifies operations for manufacturers, internet marketing professional Gary Sargent said.

News • June 17, 2016

Sluggish economy puts pinch on mfg. technology orders

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.

News • June 3, 2016

Mfg. needs to shift approach to sales

Technology advancements and the Industrial Internet of Things are making outcome orientation more feasible, according to the Harvard Business Review. For example, when Rolls Royce or GE provide a "power by the hour" engine solution, they are delivering an outcome and potentially more value to the customer.n

News • June 3, 2016

Haimer USA celebrates new HQ

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.

News • June 2, 2016

ISM releases May 2016 Manufacturing Report On Business

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.

News • May 31, 2016

Study Shows Current Global Sourcing Trends

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.

News • May 23, 2016 • Don Nelson

Conference offers ‘Global View’ of cutting tool industry

The 2016 World Cutting Tool Conference offered informative, entertaining speakers and social events that provided ample opportunities to meet with and learn from colleagues from around the world.