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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.

The Institute for Supply Management issued an economic forecast calling for expansion for the rest of 2021.

Durable goods orders declined in April, dragged down by orders for transportation equipment, the U.S. Commerce Department said today in a monthly report.

We can gracefully and successfully transition through the storm by implementing three simple actions: visualize the instinctual tribal knowledge of our company veterans, use automation to complement our workforce challenges and get involved in our local industry partnerships.

A widening skills gap threatens U.S. manufacturing competitiveness and consequently our economy. A talent pipeline with a sufficient supply of properly aligned skills is imperative to meet U.S. manufacturers’ needs for capacity, productivity and innovation.

New orders for manufactured durable goods in May increased $5.7 billion (2.3 percent) to $253.3 billion. The increase followed a 0.8 percent April decrease.

Fast Radius Inc., a cloud manufacturing and digital supply chain company, and ECP Environmental Growth Opportunities Corp. have entered into a definitive agreement that will result in Fast Radius becoming a publicly-listed company.

Boeing Co. today reported a second-quarter profit as commercial aircraft deliveries soared compared with a year-earlier loss when COVID-19 hammered the aerospace industry.

Includes new functions for efficient electrical and automation design of industrial equipment

Ford Motor Co. today reported a second-quarter profit with the automaker’s finance unit making up for losses in its vehicle operations.