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Manufacturing lost 18,000 jobs last month, with non-durable goods industries taking the biggest hit as the novel coronavirus (COVID-19) slammed the economy.

Amid predictions of global economic slowdowns and several recent PMI readings indicating manufacturing contraction, it becomes easy to see how slow production performance and data inefficiencies throughout the manufacturing supply chain contribute to economic uncertainty and concerns for future business.

Fastems LLC has launched three new products to enable educational institutions and manufacturing enterprises to benefit from its advanced Digital Manufacturing (DM) solutions for factory automation. In addition to functioning as a classroom teaching and learning tool, DM enables companies to do training and testing before ramp-up and simulation during production.

Renishaw Inc. announced improvements to its NC4+ Blue system.

General Electric Co. this week unveiled plans to break itself up into three publicly traded companies. The move brings an end to the conglomerate era at GE.

Lacks Enterprises Inc. said it has formed GL Automotive, LLC, a joint venture with Grupo Guerra to supply exterior components to Toyota Motor North America.

Desktop Metal today announced it has qualified the use of D2 tool steel for the Production System platform.

Desktop Metal Inc. said it completed its acquisition of ExOne Co.

Durable goods orders in October slipped, paced by declines in orders for aircraft, the U.S. Commerce Department reported today.

Aerospace and defense sectors are emerging from the pandemic more resilient while other sectors, including automotive, struggle meet demand.