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Cutting tool consumption in January 2020 rose 5 percent compared with December 2019, according to the U.S. Cutting Tool Institute and AMT - The Association for Manufacturing Technology.

Ford Motor Co. said today it’s suspending its stock dividend and tapping credits lines to ensure it has enough cash amid the outbreak of the coronavirus (COVID-19).

The impact of the coronavirus on the auto industry is on the cusp of accelerating, according to a Center for Automotive Research presentation today.

Manufacturing lost 18,000 jobs last month, with non-durable goods industries taking the biggest hit as the novel coronavirus (COVID-19) slammed the economy.

Reality regarding the novel coronavirus is setting in for financial executives, particularly those in manufacturing, consulting firm PwC said today.

Boeing Co. today reported a fourth-quarter loss and its first full-year loss since 1997 as the financial impact of the 737 Max crisis expanded.

Universal Robots (UR, Odense, Denmark) was one of the pioneers of today’s modern field of collaborative robots (cobots) with the launch of the UR5 robot in 2008, however the company didn’t rest on its laurels at IMTS 2018 in Chicago.

Throughout 2018, SME has published a series of Smart Manufacturing Industry Reports, with the third being released at IMTS this month. The reports, available at sme.org/reports, detail the necessity and advantages of smart manufacturing, the challenges to implementing digital solutions, and, finally, keys to implementing the technologies and tools.

What is smart manufacturing? Essentially, smart manufacturing is the practice of making information about manufacturing processes available when and where it is needed, in the form it is needed, so that smart decisions can be made about the course of critical business operations.

Manufacturing job expansion resumed in September after pausing in August. The sector added 18,000 jobs last month, with 17,000 of the gain taking place in durable goods, according to a breakdown by industry issued today by the U.S. Bureau of Labor Statistics.