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Caterpillar Inc., the maker of heavy construction and mining equipment, today reported a sharply lower third-quarter profit as demand for the company’s products dropped.

Peter Drucker, known as the father of modern management, was quoted in a 2006 article in Forbes as saying, “Because the purpose of business is to create a customer, the business enterprise has two—and only two—basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.”

Manufacturing economic expansion eased in September while remaining at strong levels overall, the Institute for Supply Management said today.

An official of the Aluminum Association makes the case why aluminum will be important for the electrification of vehicles.

As technologies that are a part of Industry 4.0 proliferate, investing in a single platform creates efficiencies in operation and in training.

Power management company Eaton today announced its Vehicle Group has launched an extensive lineup of specialized differentials for electrified vehicles with comparable performance to traditional internal combustion engine (ICE) vehicles.

Sandvik signed an agreement to acquireCNC Software Inc., the company behind Mastercam, the most widely used Computer Aided Manufacturing (CAM) brand in the industry.

New orders for durable goods slipped in July, paced by a decline in transportation equipment.

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

With product lifecycle management (PLM) software, manufacturers wield powerful tools to manage the massive transformations buffeting their industries.