Industry Trends & Analysis

Manufacturers expect wages to grow at a record rate as companies struggle to attract and retain workers.

Cutting Tool Engineering's 2022 Benefits and Salary Survey reveals across-the-board income gains for metalworking professionals.n

With Sandvik Coromant's CoroPlus Productivity Improvement Program, machine monitoring solutions give data insights in real time, which can be accessed remotely to provide an in-depth analysis of a complete production cell, right down to the cutting tool.

While smart factories are revolutionizing the manufacturing industry through innovation, being connected comes with new risk factors that must be addressed. A Deloitte study revealed that 48% of manufacturers identified operational risks—including cybersecurity—as the greatest danger to their factories.

The delta variant of the coronavirus, a shortage of semiconductors, logistics challenges and a scarcity of skilled labor are affecting the rebound of manufacturing, but there is reason for optimism.n

A look inside the launch of a digital marketing campaign.

Reducing time spent setting tools can increase profits.

Business may not be back to pre-pandemic levels across the board, but the U.S. Cutting Tool Institute's spring meeting and the latest economic indicators are a welcome shot in the arm for the industry.

Choosing the right tools, and determining the right tool calculations, is vital to overcome diversification challenges and developing new revenue streams.

Fewer than 30% of manufacturers have extensively adopted Industry 4.0 technologies, according to findings published in a new report, but manufacturers' reluctance to go digital might have to change if they are to adapt to an unpredictable future. Sandvik Coromant's testing finds that an increase in machine utilization can result in a higher gross profit margin.

Continued job losses and lost business can be expected if the Section 232 tariffs on steel and aluminum are allowed to continue, according to a manufacturing coalition.