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Manufacturing returned to economic expansion in January, helped by gains in new orders and production, the Institute for Supply Management said today.

Caterpillar Inc. today reported higher fourth-quarter profit as expense controls made up for lower revenue. The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of “continued global economic uncertainty” in 2020.

Industrial merger and acquisition activity fell in 2019 because of slowing economies and trade uncertainty, consulting firm PwC said in a report.

Manufacturing softened in December to its lowest level in more than a decade, the Institute for Supply Management said today in a monthly report.

In manufacturing, the most efficient process is destined to come out on top. Efficiency is the highest priority. Toyota revolutionized the standards of efficient manufacturing by applying the principles of what is now known as lean thinking, a term coined by Daniel T. Jones and James P. Womack who have studied Toyota’s rise in-depth.

Engineering information is both pervasive and essential within manufacturing plants. And, it changes constantly as a result of maintenance-related adjustments, alterations in plant processes, or the swap-out of components.

Boeing Co., which had wanted to return the 737 Max to service this month, threw up the surrender flag on Dec. 16. The company said it will suspend 737 Max production in January.

The new facility is part of a planned $230 million investment in Ohio

Creating a culture of safety can boost your success in 2024.

The fierce competition for skilled workers is spurring a host of new and creative initiatives.