Digital tech stack refers to the tech modern businesses use to unlock 360-degree transformation. The manufacturing industry is continuously evolving to adapt to new technological advancements and changes in global markets. Industry 4.0, or the fourth industrial revolution (4IR), marks this... Continue Reading
Companies that hew closely to lean practices will avoid costly mistakes. When properly identified and diligently managed, capacity and utilization are the North Star for navigating a strategic growth plan. Without attention to and understanding of these two elements, operations and supply chain... Continue Reading
Artificial Intelligence helps logistics providers and retailers deal with frequently changing products, orders and stock. The stock of operational robots globally hit 3.5 million units, which is a new record. The value of these installations is around $15.7 billion, according to the ... Continue Reading
Separations are slowing, but the number of job openings is still higher than the number of people looking for work. While job openings in the overall economy are falling, unfilled positions in manufacturing remain roughly stable. The latest Job Openings and Labor Turnover report from the... Continue Reading
Surveyed factory workers cite PTO and high-tech facilities as top personal priorities for their workplaces. A new survey of factory workers by Austin, Texas-based business software company Epicor reveals that high turnover is likely to remain a major feature of the manufacturing sector through... Continue Reading
Finding good, qualified workers in today's labor pool is the #1 issue facing any industry. The workers are just not in the marketplace. To help MTI Members win the battle of finding qualified workers, MTI has a partnership with the largest military veteran staffing firm in America, Recruit... Continue Reading
"Today's job numbers is clear. Our economy is moving in the right direction," President Joe Biden told reporters on Friday. The United States added more jobs than expected in February -- though fewer than the previous month -- government data showed Friday, suggesting policymakers have more to do... Continue Reading
In an ever-changing energy landscape, businesses can benefit from taking smart steps to reduce their energy demand, and in turn, benefit financially. Better management of the demand-portion of your electricity bill can carry significant financial benefits for businesses if managed correctly.... Continue Reading
When talking to Members about what keeps them up at night, key pain points stick out: · Uncertainty about the business climate · Fluctuations in the cost of doing business · Rising cost of labor · Accessibility and rising cost of business... Continue Reading
"Overall, trade flows have slowed on a shift in demand for services from goods and weaker global growth," said Rubeela Farooqi, chief U.S. economist at High Frequency Economics. The U.S. trade deficit widened in January on a pickup in imports, to mark the biggest gap in three months, according to... Continue Reading
The Metal Treating Institute kicked off the 2023 YES Management Training Program in February with 36 executives from 24 member companies. The team of 36 participated in three days of personal and professional development that included: - Plant tour of Texas Heat Treating in Round Rock,... Continue Reading
Safer workplaces seem to be more of a mirage than a reality. How safe is the workplace these days? We don’t really know, since given the nature of the federal government’s data-crunching capabilities, it’ll take another year for us to get the statistics on workplace incidents... Continue Reading
