Caterpillar Profit Rises Despite Lower Revenue January 31, 2020 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 M&A Falls in 2019 January 27, 2020 Industrial merger and acquisition activity fell in 2019 because of slowing economies and trade uncertainty, consulting firm PwC said in a report.
Manufacturing Returns to Expansion in January February 3, 2020 Manufacturing returned to economic expansion in January, helped by gains in new orders and production, the Institute for Supply Management said today.
Manufacturing Loses 12,000 Jobs, Paced by Motor Vehicles February 7, 2020 U.S. manufacturers cut 12,000 jobs in January, led by a loss of jobs in the motor vehicles sector. Makers of vehicles and parts pared 10,600 jobs, according to the U.S. Bureau of Labor Statistics.
Ericsson, Hexagon cook up example of 5G in action July 17, 2020 The promise of 5G is tempting. Fast data speeds and low latency rates make wireless connectivity, and real-time monitoring and decision making a possibility. Cost, legacy systems, security and other issues might be a deterrent that keeps some from dipping their toes into 5G waters.
New smart training framework works for Industry 4.0 jobs July 22, 2020 The credential hanging on my wall that swells me with pride is my machinist certificate. That apprenticeship experience was the “ON!” switch for my career path. The brightness of that light helped maintain the vision and the hope even as I faced significant racial bias almost 30 years ago.
Bringing the frontline to the forefront of Industry 4.0 July 21, 2020 I met a man recently. He had worked at a small manufacturing company for 20 plus years and was the sole technician responsible for the assembly of his company’s most complex product. After years of dedication to the company, he was set to retire.
Trillium Machine finds a way to effectively train newbies July 17, 2020 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.
Industry 4.0 Offers Real Solutions April 20, 2020 Industry 4.0 often seems like a vague, faraway idea, but there are several practical and relatively easy steps that can be taken to jump into the “future of manufacturing” right now. From addressing skilled labor shortages to increasing machine utilization, a fancy title should not stop a shop owner from using what works.
No Shop Too Small for Industry 4.0 April 21, 2020 The ability to take Industry 4.0 software and implement it into your current server system, connect your machine tools, start collecting data and make it valuable to your business is very easy to do. That is according to Brad Klippstein, supervisor and product specialist at Okuma America Corp., Charlotte, N.C.
