The first quarter of 2022 had orders totaling $1.47 billion, 26.5% higher than the first quarter of 2021 and the highest Q1 of any year since 1998. The first quarter of 2022 has been extremely impressive for manufacturing technology orders.
Apply for the 2022 National Metalworking Reshoring Award! The uncertainty resulting from trade wars and COVID-19, coupled with consumer demand for faster delivery and responsiveness, are helping to promote reshoring in the United States.
Strong consumer demand has been a key driving factor behind much of the recent capital investment from manufacturers. Despite predictions that spending would soon shift back to services, demand for manufactured products remains at historic levels.
Plenty is happening in the nation’s capital on the domestic and international fronts. Of course, that’s always the case in election years with lawmakers jockeying for voters’ attention, but the war in Ukraine adds new urgency to many initiatives.
Manufacturing technology orders totaled $436.6 million in January 2022, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology.
Calling all exhibitors: Topic ideas and abstracts for presentations for the IMTS Conference are due March 4. We are seeking solutions-based presentations that will provide insights and actions for today’s current manufacturing challenges.
Orders of manufacturing technology surpassed $5.9 billion in 2021, marking the best year ever, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology.
The Onshoring Project and IMTS+ are new programs to strengthen and promote the positive impact of the manufacturing technology industry.