Manufacturing in U.S. Expands at Fastest Pace Since…

Manufacturing in U.S. Expands at Fastest Pace Since…

Mar 1, 2018

“Manufacturing in U.S. Expands at Fastest Pace Since May 2004” By Katia Dmitrieva, Bloomberg Markets   U.S. factories expanded in February at the fastest rate since May 2004, indicating sustained strength in manufacturing as demand remains solid, figures from the Institute for Supply Management showed Thursday. HIGHLIGHTS OF ISM MANUFACTURING (FEBRUARY) Factory index climbed to 60.8 (est. 58.7) from 59.1 in prior month; readings above 50 indicate expansion Employment gauge jumped to a four-month high of 59.7 from 54.2 Measure of new orders eased to 64.2 from 65.4; order backlogs climbed to 59.8 from 56.2 Prices-paid index rose to 74.2, the highest since May 2011, from 72.7 Key Takeaways The latest advance extends a series of healthy readings in the survey-based measure of manufacturing that’s being fueled by improving global economies and firm business investment. It also comes on the heels of a late-year pickup in consumer spending, which advanced in the fourth quarter at the fastest pace in more than a year. The purchasing managers group’s gauge of export orders was the strongest since April 2011. While orders and production were a touch weaker in February than the prior month, the readings are nonetheless robust. The report showed factories are having some difficulty keeping up with demand. The ISM’s index of order backlogs climbed to a more than 13-year high. Delivery times also lengthened in February, with a measure reaching the second-highest level since 2010. That may help explain the rise in the group’s gauge of manufacturing employment, which posted its largest month-over-month gain in more than two years. “All indications are that demand will continue to grow,” Timothy Fiore, chairman of ISM’s factory survey committee, said on a conference call with reporters. “There are a number of issues going on here in the supply chain that’s pushing things up. The net result is there are problems in inventories, which are growing.” In addition to firmer overseas and domestic sales, corporate optimism is getting a lift from the recent tax-cut law and reduced regulation. The ISM report showed 15 of 18 manufacturing industries indicated growth last month, led by printing, primary metals and machinery. What ISM Respondents Said CapEx purchase deliveries are moving...

Ultimaker’s New Strategy is Paying Off Far Faster…

Ultimaker’s New Strategy is Paying Off Far Faster…

Feb 26, 2018

“Ultimaker’s New Strategy is Paying Off Far Faster Than Expected” By Fabbaloo Call me surprised, but Ultimaker is moving ahead rapidly. The company embarked on a tricky strategic change a couple of years ago and now it seems to be paying off with a blockbuster announcement from Bosch. The giant manufacturer has agreed to equip their worldwide offices with Ultimaker 3D printers. This could amount of thousands of machines, creating massive market momentum for Ultimaker. The specifics of the deal are explained by Ultimaker: Robert Bosch GmbH, the leading global supplier of technology and services from Germany, will invest on a global scale in Ultimaker 3 Extended printers. After comparing several desktop 3D printers, the Additive Manufacturing department of Bosch selected Ultimaker as the most reliable, easy-to-use and professional machine. The printers will now be used in different locations across Germany, Hungary, China, India, the United States and Mexico for printing prototypes, tooling, jigs and fixtures—meant to boost innovation while cutting manufacturing and design costs. I am very surprised about this because it seems to be a kind of short-circuit for their intended strategy. If you recall, they announced the Ultimaker 3 some months ago, a desktop machine with a stealth feature. Well, the feature was that the machines could, on their own, network to each other to coordinate activities. One machine acts as the “master” and the others become “slaves”. The impromptu network is then operated as a single utility through their Cura Connect software. While this is obviously a useful feature, it had a subtly different, far deeper purpose: taking over 3D printing in larger corporations. If you haven’t worked in a large company, let me explain a phenomenon that is universal: No one wants to deal with the IT department. This is because the IT department is almost always viewed as a “cost center”, whose activities must be kept to a minimum. In reality, IT is very often the heart of a business, even if executives don’t actually understand that. Nevertheless, IT departments institute control regimes that drive down costs, but often dramatically reduce end-user flexibility, performance, quality of work and much more. It’s a very common organizational flaw. In companies...

Raising the Alarm for US Manufacturing

Raising the Alarm for US Manufacturing

Feb 7, 2018

By Steve Minter, IndustryWeek Rebuild Manufacturing: The Key to American Prosperity In her latest book chronicling the state of U.S. manufacturing and the policy changes needed to shore up the sector, Michele Nash-Hoff, a contributor to IndustryWeek, notes that one of her ancestors was Paul Revere. While Nash-Hoff has not been galloping through the Massachusetts countryside warning of British troops, she has been crisscrossing the United States in recent years visiting American factories, warning of threats to domestic manufacturing and offering advice on how to rebuild the manufacturing ecosystem. Paul Revere, a celebrated silversmith who also ran a foundry after the Revolutionary War, would be proud. Rebuild Manufacturing (Coalition for a Prosperous America, 2017) starts off with a recounting of statistics that are familiar to many manufacturers but still shocking. The U.S. lost 5.86 million manufacturing jobs between 2000 and early 2010, or roughly the populations of Chicago, Houston and Indianapolis combined. During that decade, the U.S. lost 57,000 manufacturing firms. Throughout this period and for a considerable time before, educators and parents were watching (or experiencing) what was happening in manufacturing. The lesson they imparted to countless kids: Manufacturing has no future in the U.S. and neither will you if you choose a career in a factory. Thanks to a long recovery beginning in the Obama administration and continuing in the Trump presidency, manufacturing is coming back, though that journey is far from over. Activists such as Nash-Hoff have helped turn the tide against the popular belief in Washington and other centers of economic thought that the U.S. had grown out of the need for manufacturing. It is increasingly clear that a vibrant manufacturing sector is crucial to a healthy and growing U.S. economy. In Rebuild Manufacturing, Nash-Hoff offers a wealth of information and recommendations on what can be done to strengthen U.S. manufacturing. She points the finger repeatedly at the huge trade imbalance with a mercantilist China (in 2017, nearly $309 billion through October) and calls for action by Trump and Congress to fight intellectual property theft and take a much tougher stand against acquisitions of American companies by Chinese firms. “Letting Chinese corporations acquire American companies, especially energy or technology-based companies is the biggest threat...

U.S. Manufacturing Expands at Close to Quickest Pace Since…

U.S. Manufacturing Expands at Close to Quickest Pace Since…

Feb 2, 2018

“U.S. Manufacturing Expands at Close to Quickest Pace Since 2004” By Sho Chandra, Bloomberg U.S. factories expanded more than forecast in January and near the fastest pace in more than 13 years, indicating manufacturing was still powering ahead at the start of 2018, Institute for Supply Management data showed Thursday.Factory index was little changed at 59.1 (est. 58.6) from 59.3 in Dec.; readings above 50 indicate expansion Highlights of ISM Manufacturing (January) Factory index was little changed at 59.1 (est. 58.6) from 59.3 in Dec.; readings above 50 indicate expansion  Gauge remains close to Sept. reading of 60.2, which was the highest since June 2004 Measure of new orders cooled to 65.4 from an almost 14-year high of 67.4 Employment gauge fell to an eight-month low of 54.2 from 58.1   Key Takeaways The January reading, which exceeded the 57.4 average for 2017, shows manufacturing is benefiting from solid consumer spending and business investment. What’s more, a measure of exports advanced to an almost seven-year high, underscoring improving overseas markets.  The pickup in manufacturing is starting to generate inflation pressures as factories demand more raw materials including crude oil. The ISM’s measure of prices paid increased to the highest level since May 2011.  In a sign factories are challenged by elevated demand, the ISM’s measure of supplier deliveries climbed to a three-month high and its backlogs index rose to the highest level since September. The ISM report comes a day before the Labor Department’s January jobs report, which is projected to show an increase in factory payrolls helped to boost overall employment. Other Details ISM measure of prices paid jumped to 72.7 from 68.3 Index of factory inventories rose to 52.3, indicating stockpiles were expanding, from 48.5  Gauge of production fell to 64.5 from 65.2  Export orders measure advanced to 59.8, the strongest since April 2011, from 57.6 Supplier deliveries gauge rose to 59.1, indicating longer lead times, from 57.2; index of backlogs climbed to 56.2 from 54.9  — With assistance by Chris...

Trump highlights Staub Manufacturing Solutions at SOTU

Trump highlights Staub Manufacturing Solutions at SOTU

Jan 31, 2018

  Featured on Fox News   President shares company’s story during address and invites members to the White House.     Watch the latest video at...