Optimism among mid-sized manufacturing companies in the U.S. outpaces their enthusiasm for the economy as a whole, according to the 8th Annual CFO Survey from Prime Advantage.
Two measures commonly used by the government to measure manufacturing's overall impact on society are badly underestimating the impact of that critical sector. One is the proportion of gross domestic product for which manufacturing accounts. The other is the "multiplier effect," which measures the impact on other industries from an increase in economic activity by a specific industry.
As manufacturing gets smarter with Industry 4.0 and the ever-expanding Industrial Internet of Things, the workforce skills needed to deploy new technology are falling behind.
In a further sign of the falling barriers to hardware innovation, the price of 3D printing machines is expected to fall 6.4 percent in 2016, according to a report by market research firm IBISWorld.
Global revenue from commercial energy-efficient HVAC systems is expected to total $340bn from 2015 to 2024, according to a report from Navigant Research.
Demand for long-lasting manufactured products made in the U.S. fell 5.1 percent in December from a month earlier, and declined 3.5 percent for all of 2015, the Commerce Department said. The annual decline in durable-goods orders is the largest outside a recession on records back to 1992.
In December, two conflicting reports were released, one by A.T. Kearney and one by the Boston Consulting Group. The A.T. Kearney report states that reshoring may be "over before it began," and the Boston Consulting Group report states that it is increasing. Why the difference in opinion and who is right?