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The world has changed remarkably in 2020. The new decade began with a sense of optimism and historically strong economies in both the commercial aerospace and defense sectors.

An executive makes the case for why manufacturers may want to change how they procure health plans.

Capstone Headwaters released its Precision Manufacturing Mergers & Acquisitions (M&A) Update Sept. 17, reporting that transaction activity in the precision manufacturing industry has remained strong despite the pandemic.

The National Association of Manufacturers said a quarterly survey shows strong use of liquidity programs like the Paycheck Protection Program and Main Street Lending Program.

Improvements in manufacturing management software, robotics, additive manufacturing and thermal controls are making small batch sizes more cost effective—even for smaller shops. Manufacturing plants are able to reduce inventory, improve throughput and reduce demands on human operators.

Leak detection testing is growing in importance with the development of electric and self-driving vehicles.

Automakers are turning to Feature-based Product Line Engineering (PLE), which allows organizations to plan, engineer, manufacture, deliver, maintain and evolve product lines much more efficiently.

The manufacturing, automotive and energy sectors are currently battling tremendous challenges as they respond to the unfolding COVID-19 crisis globally.

As with so much else in manufacturing, enterprise resource planning (ERP) software is a byproduct of the Third Industrial Revolution. Where electronics began transforming manual lathes and mills into CNC machine tools some 60 years ago, so too have computers and information technology given us CAD/CAM, ERP, PLM, and so much more.

Despite the troubles of 2020 caused by the COVID-19 pandemic, more manufacturing firms are digitally transforming their businesses through pragmatic investments in new technologies.