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Imagine hearing the news that manufacturers are producing a proven and safe vaccine for COVID-19 and shipping it your way. It will be music to the world’s ears.

Sales figures don’t lie: indexable cutting tools—featuring removable cutting tips called inserts—are a smash hit with machine shops.

Live tooling, as the name implies, is driven by the CNC and the turrets of various spindle and powered sub-spindle configurations on CNC lathes.

One of the biggest challenges that any shop faces in 2020 is finding skilled workers to backfill those baby boomers who are retiring, or simply finding staff to meet the demand of a healthy manufacturing economy.

The COVID-19 black swan event disrupted the global economy and forced companies to rapidly rethink their processes, operations and supply networks.

Smart manufacturing is now being rapidly adopted by a much wider range of business sectors.

Industry 4.0 is often presented as a complex, somewhat overwhelming topic that involves large companies only. However, the data collection and transfer at the heart of Industry 4.0 can be as relevant to job shops and other small to medium sized enterprises as large companies.

January 2021 U.S. cutting tool consumption totaled $152.2 million, according to the U.S. Cutting Tool Institute and AMT – The Association for Manufacturing Technology.

With the passage of the fiscal year 2021 Consolidated Appropriations Act at the end of 2020, MxD, the national digital manufacturing institute, secured $8.5 million in funding from the U.S. Department of Defense for 5G for manufacturing and cybersecurity for arsenal supply chains.

SME Media will present a webinar, “Implementation of the IoT for Machine Tool Monitoring and Maintenance,” as part of the IMTS Spark series on Thursday, March 11 from 10:00 AM to 11:00 AM Central Time.