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Slowing Wage Gains Restrain US Labor Costs in Second Quarter

U.S. labor costs increased moderately in the second quarter as private sector wages grew at the slowest pace in 3-1/2 years, more evidence that inflation was firmly on a downward trend and could help facilitate an interest rate cut in September. The report from the Labor Department on Wednesday... Continue Reading

MTI Members to Meet at NADCAP October Meeting

MTI is excited to announce that details have been finalized for its general meeting and reception during the October 21-23 NADCAP Meeting in Pittsburgh, PA. Members from across North America will attend MTI’s two special events during the NADCAP Meeting: GENERAL MEETING – Monday,... Continue Reading

Risk Is Different With AI. Here’s How to Think About It

Most people in the current workforce had no exposure to AI technology when they attended school. This makes it challenging to identify, manage and mitigate its risks. AI is expected to be a truly transformational technology. It is showing value in a wide variety of applications, ranging... Continue Reading

Industry 4.0 Ten Years In: What’s Slowing You Down? Three Ways to Get Back on Track

Industry 4.0, also referred to as the fourth industrial revolution, is a convergence of technologies that promises remarkable outcomes, including better use of resources, less nonproductive time and lower overall operating costs. It includes wide networks of connected devices via the Internet of... Continue Reading

Preventing Workplace Violence Starts with a Plan

Workplace violence, like other industrial hazards, can be prevented with the proper culture and planning. When I think about a safe workplace, I think first about systems to protect people from accidents. I think about PPE, lock-out tag-out systems, fall-protection harnesses, railings, guards,... Continue Reading

Keys to Minimizing Downtime in a Heat Treat Furnace

Provided by WallyBot AI In 2024, the Metal Treating Institute implemented AI technology within its website, HeatTreat.net, to provide a user friendly and efficient experience for Members to gain feedback on technical and managerial questions. In the Weekly e-News, MTI features the... Continue Reading

Future-Proofing Your Operations on a Budget

‘Leading-edge’ doesn’t have to mean massive costs for small- and medium-sized manufacturers. In today’s dynamic manufacturing landscape, staying competitive means embracing innovation and constantly pushing boundaries. Transforming your operations with approaches that... Continue Reading

US Business Activity Expands by Most in More Than Two Years

S&P Global’s flash July gauge edges up to 55 from 54.8 Composite measure of prices received falls to six-month low US business activity accelerated in early July at the fastest pace in more than two years on stronger services demand, while a gauge of prices received... Continue Reading

5 Reasons Every CEO Needs to Get Comfortable with AI

David De Cremer is the Dunton Family Dean at the D’Amore-McKim School of Business at Northeastern University in Boston, where he is also a professor in management and technology. David shares five key insights from his new book, The AI-Savvy Leader: Nine Ways to Take Back Control and Make... Continue Reading

Trauma-Awareness is a Workplace Necessity

TSD is becoming all-too-common in the workplace, but here are some suggestions on how to help employees deal with it. The term “post-traumatic stress disorder (PTSD)” is not one traditionally associated with the workplace. Unfortunately, some employees are experiencing... Continue Reading

US Industrial Output Beats Expectations in June

For the second quarter this year, industrial output rose at an annual rate of 4.3%. U.S. industrial production cooled in June but still exceeded analyst expectations, with manufacturing and utilities output both rising, the Federal Reserve said Wednesday. Total industrial output rose 0.6% from... Continue Reading

Coaching Deficiency: Leaders, Workers Dissatisfied with Mentorship Levels

There is an ongoing coaching deficiency in the workplace, according to a recent report. Overall, 40% of leaders report inadequate coaching from their managers, finds leadership company DDI. And 31% of frontline leaders want more coaching than they are currently receiving from their... Continue Reading