Those of us in the manufacturing industry know it is constantly evolving and changing. This can make it tough to keep up.
We spend a good amount of our day trying to stay current on what’s happening. Here are a few articles from across the web we found interesting and worth talking about.
The ‘80s futurist John Naisbitt once called manufacturing a “a declining sport,” and to be sure the share of Americans working in factories has fallen far from the 1950 peak of 30% to roughly 8.5% last year. Read more.
Real-Time Operational Performance via IOT – CIO Applications
Manufacturers are racing to leverage the power of Industry 4.0/ the Internet of Things within their operations to achieve production efficiencies, increased speed of operations, lower costs, and improved quality among other improvements. But connecting and automating underperforming operations can exacerbate existing problems and create new ones. Read more.
The flash IHS Markit U.S. manufacturing purchasing managers index inched up to 56.6 this months from 56.5 in April and touched the highest level since September 2014. Readings over 50 indicate expansion.
A similar survey of service-oriented businesses that employ most Americans also rose. It climbed to 55.7 from 54.6 in April. This is a 3-month high. Read more.
A Roadmap for Pushing Manufacturing Forward – IndustryWeek
A sector once thought to be on its last legs continues to surprise. The latest report from the Bureau of Labor Statistics notes that 24,000 manufacturing jobs were added in April. This suggests that despite the sea change happening for businesses today—driven by fluctuating commodities, tariff wars and trade standoffs—manufacturing remains a reliable economic engine. Read more.