Universal Robots Unveils New Cobot That Lets Machines Do All the Heavy Lifting

The following article originally appeared on Engineering.com: https://bit.ly/3outd7M by Jacob Bourne Since its founding in 2005, Denmark-based Universal Robots has consistently added to its growing arsenal of collaborative robots, or cobots, starting in 2008 with its UR5 bot. Now with the UR20’s launch, the company hopes it will continue to advance automation in the global …

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Senate Votes to Advance Slimmed-Down Version of CHIPS Act

This week, the Senate finally made progress on providing funding for domestic semiconductor manufacturing after advancing a modified version of the proposed act.  The bill cleared a key procedural hurdle Tuesday evening in a 64-34 vote, even as lawmakers worked on finishing various sections of the legislation. The act, which would provide about $50 billion …

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The odds of recession are rising, but the U.S. economy is not doomed to a downturn

The following article originally appeared on MarketWatch https://www.marketwatch.com/story/the-odds-of-recession-are-rising-but-the-u-s-economy-is-not-doomed-to-a-downturn-11655479959 By Jeffry Bartash High inflation and rising interest rates are slamming the brakes on U.S. growth, economists say, but there’s still a narrow chance to avoid a second recession in three years. The outlook is not looking good, to be sure. The economy shrank in the first …

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California Ranks as Largest Contributor to U.S. Manufacturing Industry

A new report released this week has revealed that California remains the largest contributor to the U.S. manufacturing industry in terms of both employment and output. This is in spite of the state’s famously high cost of living. The report, produced by Beacon Economics LLC and commissioned by California Manufacturing Technology Consulting, revealed that the …

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HII HITS MILESTONE ON JOHN F. KENNEDY (CVN 79) CARRIER

NEWPORT NEWS, Va., (July 11, 2022) — HII (NYSE: HII), America’s only builder of nuclear-powered aircraft carriers and leading provider of mission-driven defense technologies, announced today that its Newport News Shipbuilding division has reached a significant milestone in the compartment and systems construction of aircraft carrier John F. Kennedy (CVN 79). Newport News recently turned …

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June 2022 Manufacturing ISM® Report On Business®

Manufacturing ISM Report On Business

Manufacturing PMI® at 53% June 2022 Manufacturing ISM® Report On Business® New Orders and Employment Contracting Production and Backlogs Growing Supplier Deliveries Slowing at a Slower Rate Raw Materials Inventories Growing; Customers’ Inventories Too Low Prices Increasing at a Slower Rate; Exports and Imports Growing Record-Long Lead Times for Capital Expenditures and Production Materials (Tempe, …

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New Survey Shows Manufacturers Remain Resilient as Recession Concerns Rise

The National Association of Manufacturers released its Q2 2022 Manufacturers’ Outlook Survey. Conducted from May 17 to May 31 of this year, the survey provides valuable insight into manufacturers’ significant concerns around recession, inflation, hiring, and China competition legislation. “Through multiple crises, manufacturers have proven remarkably resilient, but there’s no mistaking there are darker clouds …

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Is a Recession Near?

recession

The following article is the cover story for this month’s issue of Manufacturing Outlook Digital Magazine. For a limited time, we’re offering Manufacturing Talk Radio listeners a FREE subscription. Visit Manufacturingoutlook.com to subscribe today!     By Tim Grady What’s Up? There is a swirl of factors rising into an economic tornado that could tear …

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Over 100 CEOs Urge U.S. Congress to Pass China Competition Bill

China Competition Bill

This past Wednesday, chief executives from companies like Google, Amazon and Microsoft called on Congress to pass legislation aimed at boosting U.S. economic competitiveness against China, including chip manufacturing. Over 100 executives signed a letter urging the U.S. House of Representatives and Senate, which each have passed different versions of the legislation, to reach an …

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New Rare Earth Manufacturing Facility to Open in Oklahoma

rare earth

This Tuesday, Oklahoma Governor Kevin Stitt and the President of USA Rare Earth announced plans for a $100 million metal and manufacturing facility in Stillwater that’s expected to create more than 100 jobs. “Currently, the United States, European Union, Japan, and much of the developed world is largely reliant on China for critical rare earth …

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