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.
Pointing to a slower pace of growth, the Federal Reserve Bank of New York released a report on Monday showing a much bigger than expected decrease by its index of regional manufacturing activity in the month of September. Read more>
U.S. manufacturing will need nearly 3.5 million manufacturing workers by 2025, but it’s projected that 2 million of those jobs will go unfilled due to a proficiency gap, according to a 2015 study. These jobs tend to pay well: In 2017, the average manufacturing worker in the U.S. earned more than $27 per hour. The average hourly wage for all occupations in May 2017 was $24.34. Read more>
Manufacturers in the food and beverage industry are increasingly turning to mergers and acquisitions as a way to keep pace with consumer demands. In an era where speed is critical, many companies seem to find it to be faster and easier to form a partnership or make an acquisition, rather than invest in R&D or develop their own new products and brands from the ground-up. Read more>
In the common wisdom, there’s a big divide between manufacturing and Silicon Valley. But technology is changing the way that companies make things as factories become increasingly digitized and reliant on robotics and automation. The products themselves are changing, too, as new processes like 3-D printing take hold, allowing more efficient, lighter-weight designs and faster, less expensive prototyping and production. Read more>