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Caterpillar Profit Slips Due to Pandemic

Caterpillar Inc., the Deerfield, Illinois-based maker of heavy equipment, today reported lower quarterly and full-year profit after sales were hit by the COVID-19 pandemic.

SME Announces Robert Willig as New CEO

SME, the professional association committed to advancing manufacturing and developing a skilled workforce, today announced that Robert “Bob“ Willig has been named as its executive director and CEO. His employment with SME will commence on Jan. 1.

FANUC, Plus One Form Alliance

FANUC America and Plus One Robotics said they have paired their technologies to meet the needs of their mutual customers in e-commerce.

Rush job? No prob!

Improvements in manufacturing management software, robotics, additive manufacturing and thermal controls are making small batch sizes more cost effective—even for smaller shops. Manufacturing plants are able to reduce inventory, improve throughput and reduce demands on human operators.

NAM Survey Finds Use of PPP

The National Association of Manufacturers said a quarterly survey shows strong use of liquidity programs like the Paycheck Protection Program and Main Street Lending Program.