U.S. Economy Grew 6.6% at the Annual Rate in the Second Quarter. The U.S. economy grew 6.6% at the annual rate in the second quarter, buoyed by consumer spending and nonresidential fixed investment, with both continuing to rebound solidly. At the same time,... Continue Reading
Improve employee retention by having these three one-on-one meetings with your staff once a month. We all want to improve employee retention. The question is how? Our knee-jerk answers to this question can feel opaque. Pay, perks, and promotion opportunities could matter…but to what... Continue Reading
Global steel shortages are causing delays in manufacturing racking and other interior storage solutions. Warehouse demand is at record levels. Driven by rising e-commerce demand and related one- and two-day shipping demands, the need for new warehouses has never been higher. Real estate... Continue Reading
A close-looped feedback system, delivered on an app, provides front-line workers training which can lead to higher retention rates. Technology on the plant floor has proven its worth. It has helped improve just about every metric that manufacturers measure, and it continues its march to soon... Continue Reading
The Metal Treating Institute (MTI) has finalized details on two events it will host at the Fall Nadcap meeting in Pittsburgh, PA, Oct. 18-20. The Nadcap meeting brings together commercial and captive heat treaters and suppliers in the aerospace industry to work through issues related to audit... Continue Reading
DETROIT, Aug 20 (Reuters) - The investment surge by both new and established automakers in the electric vehicle market is a bonanza for factory equipment manufacturers that supply the highly automated picks and shovels for the prospectors in the EV gold rush. The good times for the makers of... Continue Reading
Unemployment rate among former warehouse workers much higher than national average, Newmark study finds. The logistics warehousing sector is on the horns of the same dilemma befalling numerous American industries since the economy began reopening in earnest: As warehouse jobs go begging, there... Continue Reading
Producer prices jumped by more than expected. Some economists think it could be the peak rate of increase, but the spread of the Delta variant poses a big uncertainty. Why it matters: Producer prices reflect what businesses pay for the materials that go into the stuff they eventually sell to... Continue Reading
Collaboration between supplier and customer is key to achieving functional safety goals. The ISO 26262 standard is a weighty series of documents that many believe has all the force of law or regulation; however, it is not a dictate. It is an agreement on best practices for participants in the... Continue Reading
As we’re sure you’ve heard, the U.S. Senate passed a historic bipartisan bill yesterday designed to repair and strengthen America’s infrastructure, according to The Wall Street Journal (subscription).A quick recap: The $1 trillion bill comprises $550 billion in spending above... Continue Reading
Rapid technology advancements, shorter product lifecycles, and an increasing demand for more personalized products are driving manufacturers to implement digital technologies, embracing the “digital transformation (or Industry 4.0) in order to compete in the technology-driven business... Continue Reading
IHS Markit: Supplier Shortages and Cost Pressures at Record Levels in July The IHS Markit U.S. Manufacturing PMI notched another record in July, with strong growth in demand, production and hiring, and respondents remained... Continue Reading
