Deflated earnings: Industry Trends & Analysis
Cutting Tool Engineering magazine's 2016 Salary Survey reveals the paychecks metalworking professionals receive are not packing as much punch.
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Industry Trends & Analysis
Latest in Industry Trends & Analysis
TU Chemnitz opens high-precision machining center
With a high-precision machining center placed in the Institute for Machine Tools and Production Processes, researchers are entering into a new dimension in micromanufacturing.
Machine tool falloff shows sinking capital investment
With demand for machine tools still weak in China and a drop-off in Japan, capital investment is losing momentum worldwide, according to a Nikkei Asian Review report.
U.S. job numbers strong for second month
For the second straight month, job numbers in the U.S. economy were relatively strong, with each above the consensus estimate, according to the National Association of Manufacturers.
Kennametal to cut 1,000 jobs due to drilling slowdown
Pittsburgh-based Kennametal Inc. says it's cutting 1,000 jobs over the next 15 months, citing weak demand for the coal-mining and gas-drilling cutting tools it makes.
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.
A Dual Personality: Industry Trends & Analysis
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.
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.
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.
Why the Web
Sound website design and integration attracts new business and simplifies operations for manufacturers, internet marketing professional Gary Sargent said.
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.
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
