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The value of machine tool orders plunged in November as makers pared prices to cut inventory, according to a monthly report.

U.S. manufacturers cut 12,000 jobs in December, with job losses spread across industries.

Expect at least two recessions, or downturns in GDP growth, in the next few years. That is the prediction of Brian Beaulieu, CEO and chief economist for ITR Economics.

The North American manufacturing Research Institution of SME (NAMRI | SME) held its 47th annual conference on manufacturing research (NAMRC 47) in Erie, Pa., from June 10-14.

Metrology for medical devices needs to become more capable as those devices get more varied and complex. Manufacturers must inspect dental implants, coronary stents, orthopedic joints, and implanted electronic devices. Surgeons are increasingly using intricate, sometimes one-off, surgical tools. There is also a growing number of consumable items, such as hypodermic needles, made on rapid production lines. They all need ever more precise quality control.

The memo of understanding comes after years of collaboration between the companies.

The company estimates more than 600 jobs to be created at its Georgia plant.

A site has yet to be chosen for Addionics’ first plant, which is expected to begin production in 2027.

The new brand identity unites the company’s scope of capabilities under one purpose, the company says.

Learn benefits to manufacturing by simulating real-world interactions in a virtual environment