Intelligence

Any move by the Federal Reserve that keeps the economy growing at or above its current pace would spur additional investment in manufacturing technology given the currently elevated capacity utilization levels.

The ARM Institute wins big at the 2024 Tech50 Awards. FANUC’s opens an all-new Canadian headquarters. LIFT announces its plans for an advanced materials center in Detroit. Caron Engineering names new national sales manager. Murata Machinery turns 50.

Shipments of cutting tools, measured by the Cutting Tool Market Report compiled by AMT and USCTI, totaled $212.5 million in October 2024, a 12.6% increase from September 2024 but down 0.2% from October 2023. Year-to-date shipments totaled $2.07 billion.

Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $385 million in October 2024, a 14.5% decrease from September. Year-to-date orders reached $3.74 billion, a decline of 7.5% compared to the first 10 months of 2023.

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Women in Manufacturing tour HEIDENHAIN plant. Wes-Tech partners with the Reshoring Initiative. Leadership appointments at Caron Engineering. ITAR renewal by MSK Precision Products. A new RFI solicitation for advancing metal alloy systems led by NCDMM.

This article will explore how demand for automation responded to historic shifts, the impact on manufacturing jobs, and what impacts these shifting trends have had on productivity.

In much the same way that the Fed was able to reduce interest rates in 1995 to allow the economy to continue expanding for the remainder of the decade, today’s Fed may be engineering a so-called “soft landing,".

While there are some who see signs of manufacturing struggling, the United States continues to lead in receiving the greatest amount of direct foreign investment, much of which is invested in the manufacturing sector.

Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and USCTI, totaled $188.7 million in September 2024. Orders decreased 10% from August 2024 and were down 6.3% from September 2023.