A recent survey of US manufacturing execs indicates that workforce challenges remain a major concern as end of 2022’s first half nears. Since the start of the COVID-19 pandemic, manufacturers have taken a number of steps to alleviate ongoing labor shortages, including raising wages and... Continue Reading
The ports of Los Angeles and Long Beach say containers are moving off crowded docks even though a planned penalty program has been repeatedly pushed back. Southern California port officials say the threat of a penalty fee, which has never been imposed, is a major reason cargo has been moving... Continue Reading
A fresh take on the classic theme of generic business strategies. Business strategy is fundamentally about allocating scarce resources to create the greatest impact on organizational performance. As a strategist, you will often be confronted with two broad innovation strategies:... Continue Reading
U.S. factory production rose at a solid pace for a third month in April, pointing to ongoing strength in the sector. The 0.8% increase followed a similar gain in March, Federal Reserve data showed Tuesday. Total industrial production, which also includes mining and utility output, climbed... Continue Reading
As CEO, you have a vision and plan to deliver results, handsomely rewarding shareholders and employees alike. And while that may look like success to many, including you, the reality is that it won’t be enough to create a truly enduring legacy. Your legacy is about more than bottom-line... Continue Reading
Only two words fully describe the MTI 2022 Spring Meeting: We’re BACK! Members attending the spring meeting in Hilton Head Island, SC were all pleased to see MTI meeting attendance rising back to pre-pandemic levels, with over 180 in attendance. The MTI Board of Trustees and... Continue Reading
Maybe Artificial Intelligence could be the answer to many workplace safety questions. According to computer science literature, Artificial Intelligence is defined as a technique that can mimic the behavior of the human brain. In recent years, we have seen more and more industry 4.0... Continue Reading
A major change is coming, one that will be felt from the factory floor to the boardroom. Along with the shift from global outsourcing models to regionalized supply chains, the next milestone for manufacturers is the adoption of intelligent automation solutions that enable greater flexibility,... Continue Reading
New orders for U.S.-made goods increased more than expected in March and shipments rose solidly, but supply constraints following new COVID-19 lockdowns in China could slow manufacturing activity in the months ahead. The Commerce Department said on Tuesday that factory orders rose 2.2% in March... Continue Reading
The growth of IoT has spurred a rush to deploy billions of devices worldwide. Companies across key industries have amassed vast fleets of connected devices, creating gaps in security. Today, IoT security is overlooked in many areas. For example, a sizable percentage of devices share the user ID... Continue Reading
Economists expected bookings for all durable goods to rise 1% in March. Orders at U.S. factories for long-lasting goods rebounded in March after the first decline in a year, as manufacturers confronted a worsening supply-chain crisis that continued to weigh on business investment. Bookings for... Continue Reading
When people leave organizations, they often cite poor workplace communication as a top reason for moving on. But in the age of the “Great Resignation,” it is far from the driving factor, according to Craig Weber, founder of The Weber Consulting Group and author of... Continue Reading
