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Before the coronavirus pandemic upended normal life and essentially shut down commercial airliners, the aviation industry had a projected need for 40,000 new aircraft—planes, helicopters, air taxis, and unmanned aerial vehicles—in the next 20 years.

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.

According to a survey conducted by ISM, 75 percent of U.S. manufacturing companies experienced delayed resources and materials due to the COVID-19 pandemic. The outbreak has forced manufacturers to rethink supply chains to allow for product diversification.

Most machining operations today have a heterogenous mix of old and new machines. To achieve a future Smart Factory means connecting existing machining centers, and GROB offers solutions.

U.S. manufacturing added 66,000 jobs in September, with the majority of that in durable goods, the Bureau of Labor Statistics said today.

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.

It has become far too rare for manufacturers’ visions of an IIoT-fueled utopia to survive contact with reality. A Cisco survey finds that nearly 75 percent of Industrial Internet of Things (IIoT) projects are failing.

If you were to rebuild your manufacturing business today, would you build it in the same way, or would you shape it differently to address new challenges and future innovations?

We no longer need to accept that it takes a decade to create and make a safe and effective vaccine—thanks in part to smart manufacturing.