Reshoring Operations in the Age of COVID-19: Part One October 27, 2020 In March 2020, the World Health Organization officially declared the novel coronavirus outbreak a pandemic. Manufacturers are dealing with the fact that the virus has exposed the fact that many domestic brands rely significantly upon China for fulfilling some, part, or nearly all, of their supply chain.
Ford Motor Reports 3Q Earnings Rebound October 28, 2020 Ford Motor Co. today reported a third-quarter earnings rebound on sales of trucks and SUVs. The automaker cautioned some bumps remain.
Durable Goods Orders Rise on Transportation October 27, 2020 Durable goods orders increased in September on transportation equipment, the U.S. Commerce Department said today.
Caterpillar Profit Falls as Product Demand Drops October 27, 2020 Caterpillar Inc., the maker of heavy construction and mining equipment, today reported a sharply lower third-quarter profit as demand for the company’s products dropped.
Twenty women making their mark in robotics & automation February 3, 2021 If there is a common thread found in the women Smart Manufacturing identified as making their mark in robotics and automation, it is a heightened awareness of the impact humans have on the planet without trying, as well as the positive impact we can have with concerted efforts.
Use the Swiss Cheese Model to Fight COVID-19 January 5, 2021 In 2020, most manufacturers focused on mitigating the impact of COVID-19, but mitigation is too little too late. Many companies learned that lesson after seeing how COVID-19 outbreaks affected either their own facilities or other manufacturing firms.
NAM Urges Congress to Respect Democracy, Elections January 4, 2021 The CEO of the National Association of Manufacturers said that manufacturers "stand with members of Congress who intend to uphold their constitutional responsibility and vote to certify the Electoral College tallies that resulted from free, fair and legal elections in the states."
Durable Goods Orders Rise on Motor Vehicles January 4, 2021 Durable goods orders rose in November, paced by motor vehicles and parts, the U.S. Commerce Department said.
View Marketing as an Investment—Not an Expense September 29, 2020 Peter Drucker, known as the father of modern management, was quoted in a 2006 article in Forbes as saying, “Because the purpose of business is to create a customer, the business enterprise has two—and only two—basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.”
Manufacturing Expansion Eases in September October 1, 2020 Manufacturing economic expansion eased in September while remaining at strong levels overall, the Institute for Supply Management said today.
