The Federal Reserve reported a 1% increase in manufacturing production for August, down from a 3.9% gain the previous month. Overall industrial output was up 0.4% in August, also down from July but the fourth straight month-over-month gain.
Orders for machine tools in July were down 1.7% from June and 14% from a year ago, according to data from the Association for Manufacturing Technology. "A wide variety of sectors including automotive and medical equipment were positive this month, with the automotive sector being the standout," said AMT President Douglas Woods.
A customer's idea led Charlotte, N.C.-based Power Breezer to modify its industrial fans and misters to also disperse disinfectant, which makes the fans useful for cleaning and ventilating large rooms. The company looked to federal guidelines for creating the disinfectant setup.
Protecting increasingly connected operational technology requires going beyond standard perimeter control to actively monitor strange or unusual activity, advises Fortinet executive Rick Peters. "Strict identification of approved access and roles, and consistent enforcement of controls to limit movement within an environment, are equally important," he writes
Automation and artificial intelligence are being employed in supply chains to make better use of data for planning and, crucially, for execution, writes Rajiv Nayan. These intelligent supply chains yield three major benefits: optimizing resources, improving relationships with vendors and gaining a competitive edge, Nayan writes.
Supply chain resilience in the form of flexible supply ecosystems at various tiers is one of four key changes resulting from the Fourth Industrial Revolution, according to this McKinsey analysis. This article bases the findings on the manufacturers comprising the Global Lighthouse Network.
PPG Industries' leadership takes diversity, equity and inclusion seriously because "diverse teams perform better," says architectural coatings executive Jaime Irick. He discusses the power individual companies have to recruit more widely, as well as how "strong affinity-group networks" can help improve development and retention for employees of underrepresented groups.
Manufacturers are taking a closer look at their supply chains and finding ways to strengthen resiliency. To accommodate the fluctuating circumstances of the pandemic, manufacturers may ask suppliers to relocate closer to production facilities. Are you thinking about possibly relocating or retooling? You may qualify for economic incentives. Learn more about the different cost-cutting economic incentives which may be available to you.