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Amid predictions of global economic slowdowns and several recent PMI readings indicating manufacturing contraction, it becomes easy to see how slow production performance and data inefficiencies throughout the manufacturing supply chain contribute to economic uncertainty and concerns for future business.

September 2019 U.S. cutting tool consumption totaled $195.9 million, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology.

With an influx of investment in digital factories, the playing field is changing and the ROI for digitizing production is becoming ever more apparent. However, restraints, such as company size and a disconnect between IT and OT, means the road to a successful digital transformation is one very few will be able to do alone.

For years, companies have struggled to understand how additive manufacturing (AM) can add value to their businesses. This makes sense because for a long time, additive tech didn’t meet the threshold for producing industrial-grade parts.

Machine vision is proving ideal in helping humans perform tedious but crucial manufacturing tasks. That is why it is poised to grow significantly in the next few years.

Blockchain technology is becoming a key player in modernizing supply chains to enable easy tracking, automate transactions and delivery, and build end-to-end trust, Chandra Narayanaswami, principal research staff member, Member IBM Academy of Technology at IBM Research, told people attending a smart manufacturing session at the MD&M West conference here last week.

So you have finally decided to start your digital transformation. You have seen the benefits around digitizing your operations. By connecting your disparate systems, you can start seeing what is actually happening in your plant and become more efficient. And not just in one plant, but in multiple plants.

As manufacturing marches forward into the digital era, a growing ecosystem of standards is laying the foundation for a new generation of data management.

Hexagon's Manufacturing Intelligence division announced today it will host HxGN LIVE Smart Manufacturing Detroit 2020, to be held May 19-20. The digital solutions conference will be held at Hexagon’s newest U.S. facility and regional cornerstone in Novi, Mich.

Seco Tools, a division of Sandvik Machining Solutions, has reached an agreement to acquire the cutting tools division of QUIMMCO CENTRO TECNOLÓGICO (QCT), a privately owned Mexican company offering integral machining solutions.