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Companies most likely to succeed in capitalizing on those opportunities will excel in digital transformation, among other things, according to the April 9 webinar “Market Impact of COVID-19: How to Respond, Reset, and Rebound,” by Aroop Zutshi and Mark Simoncelli of Frost & Sullivan Industry and Strategy Experts.

The National Association of Manufacturers said a survey shows that while optimism has dipped, manufacturers are staying open or have only temporarily closed operations because of COVID-19.

Manufacturing operations face a multitude of cyber threats. The latest dangers from hackers include not only the theft of intellectual property but also malicious attacks that can cripple critical infrastructure, such as energy plants, utilities, and large-scale factories.

COVID-19 vividly underscores the vulnerability of global manufacturing operations and supply chains. The disruption in our supply chains will hamper manufacturing for months and perhaps years. As we reopen and rebuild our economy, we must focus on sustainable manufacturing operations that are pandemic adaptive, resilient, and secure.

Corporate finance chiefs are concerned about a second wave of infections from the novel coronavirus (COVID-19), consulting firm PwC said.

The North American auto industry slammed on the brakes in March because of the novel coronavirus (COVID-19). The sector already had been forecast to slow down in 2020, with lower light-vehicle demand. That turned into a sudden stop as the coronavirus spread.

In 2020, the ability for manufacturers to rapidly pivot to changing market demands and challenges became critical for success—and in many cases, survival.

Dixie County lost one of its largest employers in the 2007-2008 recession, a Georgia Pacific (GP) Lumber facility. For more than 10 years the mill remained closed, but with help from the North Florida Economic Development Partnership (NFEDP), a new buyer has reopened the mill, made millions in new investments and has a projected annual payroll of $5.5 million in a very rural county.

GE and the Global Manufacturing and Industrialisation Summit (GMIS) have announced a partnership to explore the role of digitization, lean manufacturing, and workplace safety to support the transformation of manufacturing and economic regeneration.

The auto industry’s recovery from a global semiconductor shortage may be long and require revamping supply chains, according to a report by the Deloitte consulting firm.