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Ford Motor Co. said Wednesday its third-quarter profit declined from a year earlier amid the semiconductor shortage while promising better days ahead.

New orders for durable goods slid in September on declines in orders for transportation equipment, the U.S. Commerce Department said today.

Caterpillar Inc. today said third-quarter earnings soared as the maker of earthmovers, mining trucks and other heavy equipment saw increased sales.

In IIoT-based smart factory setups, AI-enabled digital assistants are linked into all assets and all data. It is this intelligence that takes the IIoT beyond data collection to predictions and decisions.

Establishment of cross-sectoral networks provides an affordable solution to help manufacturers fast-track processes to keep pace with AI technologies and realize far-reaching efficiencies at scale.

The Institute for Supply Management issued an economic forecast calling for expansion for the rest of 2021.

We can gracefully and successfully transition through the storm by implementing three simple actions: visualize the instinctual tribal knowledge of our company veterans, use automation to complement our workforce challenges and get involved in our local industry partnerships.

Sarah O'Sullivan, accounting director at LeaseQuery, talked to SME Media about how accounting changes related to leases are affecting manufacturers.

Felsomat USA will host Innovation Day on June 10 at its U.S. headquarters in Schaumburg.

Industrial lasers continue to boost efficiency and profitability in applications from hand-held welding to turnkey and custom cutting, welding and marking systems.