Manufacturing Remains Strong While New Orders Cool
Manufacturing in October continued operating at a strong rate while new orders – which fuel future growth – cooled somewhat, the Institute for Supply Management said. “The manufacturing economy continues to be improving,” Timothy R. Fiore, chair of the organization’s Manufacturing Business Survey Committee, said on a conference call. However, "extended lead time and prices" are holding back expansion, he added.
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Manufacturers added 60,000 jobs in October, with motor vehicles and parts leading the way. The motor vehicle category boosted employment by 27,700 jobs, according to a breakdown by industry issued by the Bureau of Labor Statistics. Durable goods overall added 41,000 jobs.
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SME, a non-profit professional association dedicated to advancing manufacturing, and CESMII – The Smart Manufacturing Institute, are partnering to drive smart manufacturing further and faster by aligning their resources and educating the industry, helping companies boost productivity, build a strong talent pipeline, and reduce manufacturers’ carbon footprint.
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The Promess webinar series has something for everyone in the assembly and test industry. Our series range from programming to industry trends. The Promess team has a wide range of experience in manufacturing, and we want to share it with you. Check out the series on our website and view all our previous webinars on demand and sign up for our future ones!
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Boeing Co. has reached an accord worth about $225 million to settle a shareholder lawsuit that alleged the company's directors "failed to properly oversee safety matters" related to the 737 Max, The Wall Street Journal reported. The newspaper cited people familiar with the matter. Boeing has also agreed to hire an ombudsman to handle internal issues, the Journal reported.
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Desktop Metal announced the opening of a new in-house manufacturing facility that will more than triple final assembly space currently dedicated to the Production System platform to meet demand for what the company calls the world’s fastest metal 3D printing technology.
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Digitization and data dominated the discussion as EASTEC returned to West Springfield, Mass., after its 2020 pandemic hiatus. From the first media event to the three keynote presentations and a panel discussion addressing optimization of the factory floor, EASTEC 2021 firmly established that the quest to drive toward the promise of Industry 4.0 is accelerating.
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Stellantis is offering buyouts to some salaried employees, the Detroit Free Press said. The automaker cited its investments in electric vehicles as a factor. The buyout offers are to "assist in our transition," the company said in a statement. Stellantis was formed by the merger of PSA Group and Fiat Chrysler Automobiles. The company's holdings include the Jeep, Ram, Chrysler and Dodge brands.
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