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May 2021 U.S. cutting tool consumption totaled $160.7 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
While Vietnam currently features a low automobile ownership rate, Vietnam's growing middle class is expected to increase demand. COVID-19 may have stunted growth of the market in the short term; however, the continued development of the country's middle...
In only three other years since 1998 have orders surpassed $2 billion by May. Manufacturers across the industry have expressed broadly positive sentiment, so we would expect the remainder of the year not only to return to the pre-pandemic trend....
Attending MFG2021 + MTForecast is a once-in-a-lifetime opportunity to experience both conferences at one venue. Economic and industry analysis about changing business conditions and opportunities should prove valuable to all attendees.
As India navigates recovery from the impact of COVID-19, automakers are attempting to pursue localization for their value chains, implement digitization efforts, and incorporate Industry 4.0 efforts to shop floors.
AMT’s recent economic webinar featured Mark Killion with Oxford Economics. He shared the many positive economic indicators – and the few potential pitfalls – to look out for in the final quarter of 2021 and into 2022.
The German auto supply chain has already suffered disruption as a result of the COVID-19 pandemic, and while this supply chain is projected to recover, there will be inevitable shock waves felt from the lockdown in both the short- and long-term.
“Manufacturing is a team sport,” says Russ Waddell, AMT’s managing director of the MTConnect Institute, who was recently named as one of the top 25 leaders transforming manufacturing by SME, a professional association committed to advancing manufacturing.
April 2020 had the lowest orders in a decade, but the previous three months were business as usual, so to be 40% up over the previous year shows the real strength of the industry in 2021.