Manufacturing activity in New York state shrank in December for the first time in nearly two years, pulled down by a drop in orders and shipments.
If you embrace lean manufacturing as part of your company’s overall business strategy, long-term strategic benefits are possible including increased profits, decreased costs and long-term efficiency gains.
North America, once a sponge that sucked in a significant portion of the world's oil, will instead be supplying the world with oil and other liquid hydrocarbons by the end of this decade, according to ExxonMobil's annual long-term energy forecast.
The U.S. trade deficit fell slightly in October as exports rebounded while oil imports dipped to the lowest level in five years.
Orders for durable goods increased 0.4 percent last month following a 0.9 percent drop in September and an even bigger 18.3 percent plunge in August, the Commerce Department reported Wednesday. The two months of declines reflected big swings in the volatile category of commercial aircraft.
To meet the growing demand that reshoring will bring, I believe that contract manufacturers here in the U.S. should focus on two things: Reducing the lead-time of production and improving supply chains.
Japan has slipped back into a recession for the second time in two years. That could mean more trouble for a range of U.S companies and industries that count on the country for sales.
There are growing concerns that a slowdown at one of the country's busiest ports in Long Beach could hit holiday shipments. Business could come to a halt on the West coast, as a battle threatens to stop crucial imports.
Those low gas prices on station signs aren't going away soon, the government says.
While not every firm sells 10 million devices in one weekend — or has to contend with the complex global supply chain and massive consumer pressure that comes with it — all organizations can learn from Apple’s supply chain pitfalls when managing and designing their own.
A trade deal between the U.S. and China could end tariffs on $1 trillion in global sales of semiconductors, MRI machines, GPS devices, printer ink cartridges, video game consoles and other high-tech items.
U.S. wholesale businesses posted a modest gain in their stockpiles in September as sales rebounded from a big decline the previous month.
Import cargo volume at the nation’s major retail container ports is expected to slow down this month following record levels seen in September and October as retailers rushed to bring merchandise into the country ahead of a possible shutdown of West Coast ports.
The large majority of aerospace manufacturers said they plan to increase their workforce over the next 12 months, expect to win new long-term supply agreements in the next three years, and expect aircraft deliveries to continue to grow at least through 2016.
Specialty chemicals companies today face numerous uncertainties and constantly navigate internal and external business variables, but sophisticated software systems are available to drive supply chain excellence and to align people and processes.
A diverse coalition including retailers, manufacturers and farmers and other supply chain stakeholders sent a letter to President Obama today urging the government’s immediate involvement in contract negotiations between the Pacific Maritime Association and the International Longshore and Warehouse Union.
The hamburger chain reported a lower-than-expect profit for its third quarter, noting that beef costs were much higher than initial projections.
Once as synonymous with Long Island as Gatsby mansions, the Long Island duck is quietly fading into the history books. By the end of this year there will be only one duck farm left on Long Island; that's down from a high of more than 100 in the early 1960s that produced up to 7.5 million succulent birds annually.
Gas prices are at their lowest in four years thanks to plummeting crude oil prices. Industry insiders have their own theories as to why, but the answer may be simpler than you think.
Falling oil prices hardly seem to be bothering the two biggest U.S. oil companies, but things could get tougher in the coming months.
The cost of ingredients in chocolate bars is rising, and the nation's biggest candy makers have already warned of price hikes next year. And it's not just costs that are pushing up prices. A growing sweet tooth around the world means more demand for chocolate.
Robot orders and shipments in North America set new records in the first nine months of 2014, according to Robotic Industries Association (RIA), the industry’s trade group.
Toyota kept its lead over rivals Volkswagen and General Motors as the world's top-selling automaker in the first nine months of the year, reporting record sales of 7.615 million vehicles, up nearly 3 percent from the previous year.
Parker Hannifin, the global leader in motion and control technologies, introduced its Rapid Service Unit as a part of the existing Custom Manufacturing Operation.