Problem-solving steps up for metal fabricators in uncertain times of the COVID-19 era. During the depths of the lockdown in April and May, Lean manufacturing—especially just-in-time inventory management—got some bad press. Were supply chains too Lean? Did manufacturers need to... Continue Reading
Crises are humbling. They unmask imposters and reveal dormant strengths. During COVID-19, many leaders navigated unrelenting and unchartered territory from their bedrooms, not their boardrooms. Some found themselves uttering previously unspoken words like “I don’t know,”... Continue Reading
A more thoughtful balance between homegrown capabilities and outsourcing can help companies generate more value from an often-overlooked opportunity. For many organizations, indirect procurement—purchases of services and supplies that support business operations—is a source of... Continue Reading
Editor Bill Wong talks with NIO’s Qiyan Wang about how new ECUs are impacting digital automotive design. What you’ll learn: Traditional versus digital automotive design. The role of software in automobiles. The automotive industry has been one of the traditional manufacturing... Continue Reading
Historically paperbound processes are advancing from automation to intelligence. But first, procurement departments must address data and culture change. Up to half of the purchase orders from the purchasing department at Chicago-based manufacturer JBT required a change before the product was... Continue Reading
Ransomware attack leads to the world's largest office furniture manufacturer shuttering its operations. In late October, another manufacturer fell victim to a serious ransomware attack. Specifically, Grand Rapids, MI-based Steelcase suffered a Ryuk ransomware attack, forcing it to halt global... Continue Reading
A potential vaccine from drug company Pfizer has showed greater-than-expected early success, according to CNBC. In a statement, Pfizer and partner BioNTech said early results showed their vaccine candidate is more... Continue Reading
MONDAY ECONOMIC REPORT Essential Takes on Leading Economic Indicators By Chad Moutray, Ph.D., CBE – November 9, 2020 Manufacturing Expands at Fastest Rate in 25 Months on New Orders... Continue Reading
The Board of Trustees of the Metal Treating Institute is excited to announce that MTI will host an Annual Membership Update Virtual Meeting on Wednesday, December 2nd at 3:30 pm EST. COVID-19 has done its best to slow down momentum in many organizations. Not at MTI! The Leadership of MTI has... Continue Reading
With the right trade-offs and strategic partnerships, original equipment manufacturers still have a chance to keep up in the race for electric and autonomous mobility. AT A GLANCE Bain forecasts the electric vehicle market will start rapidly scaling around 2024, escalating original equipment... Continue Reading
Essential Takes on Leading Economic Indicators - Real GDP Jumped 33.1% at Annual Rate in Q3, Still Down 3.5% Year to Date The U.S. economy bounced back strongly, jumping 33.1% at the annual rate in the third quarter, the largest increase in the history of the series, which dates to... Continue Reading
Boeing continues working toward development of a new commercial aircraft, though Chief Executive David Calhoun has disclosed few details. Calhoun mentioned the project during the company’s third-quarter earnings call on October 28th. “We have some incredible underlying technologies... Continue Reading
