Editorial Director Jeff Reinke discussed the outlook for manufacturers in 2015 with Matthew B. Elliott, Michigan State President, Global Commercial Banking, Bank of America Merrill Lynch. They talked about upcoming trends, the skilled labor shortage, and domestic expansion.
Missouri became the first state Friday to have an average statewide gas price fall below $2 per gallon since 2009, while Oklahoma's average was expected to drop below that threshold sometime over the weekend, according to AAA.
More than five years removed from the Great Recession, worries had taken hold at the start of the year that perhaps the world's largest economy had slid into a semi-permanent funk. But consumers, businesses and investors, after enduring a brutal winter, showed renewed vigor as the year wore on and set the United States apart from much of the world.
Not only are the retro-looking "silver bullet" Airstream travel-trailers still being built by hand at the same western Ohio site that has produced them for 60 years, but the company also can't roll them out of there fast enough to meet the demand these days.
The Census Bureau reports that new orders for durable goods in November fell 0.7%, following 0.3% growth in October and 0.7% decline in September.
U.S. rum aficionados are abuzz over the possibility of mixing a Cuba Libre with authentic Cuban rum, now that they will be able to bring home liquor distilled in the communist nation.
"This is still a great day for Nevada," Gov. Brian Sandoval said after the orange aircraft dubbed the Sensurion Magpie was launched by hand, flew about 10 feet and plunged nose-first to the desert floor.
For manufacturers, employee theft isn’t the only potential problem. Complex production processes and the sheer volume of products and materials in your warehouse can make it hard to get a handle on your inventory. That can result in inventory shrinkage, where the actual number of items on your shelves is lower than the number of recorded items.
U.S. agriculture has a big appetite for freer trade with Cuba. From wheat to rice to beans, the industry stands to be one of the biggest beneficiaries of President Barack Obama's plan to ease economic and travel restrictions imposed against the communist-ruled island.
The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing.
A simple, but extremely effective way to increase efficiency is to use on demand color printers during label production. Increased productivity gained at this stage of manufacturing will set the base for additional efficiency to occur along the supply chain, specifically in warehouse management and shipping for both the manufacturer and the retailer.
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.