Manufacturing Activity Slows as Inventories Pile Up

American Factory Orders

A new Institute for Supply Management survey released on Monday revealed that U.S. manufacturing activity slowed less than expected in July and there were signs that supply constraints are easing. With a measure of prices paid for inputs by factories falling to a two-year low, this seems to suggest that inflation has probably peaked. The …

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Weekly Wrap Up For August 5th, 2022

 Anthony Nieves, Committee Chair for the ISM’s Services Report on Business® discusses the latest report. First Solar to Consider U.S. Expansion if Democrat Spending Bill Passes First Solar Inc, the top solar panel manufacturer in the U.S., announced this week intentions to consider expanding its American manufacturing footprint if proposed climate change legislation that …

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VinFast to Make, and Sell Electric Scooters in the U.S. 

VinFast

As competition heats up in the electric vehicle market, some manufacturers look at other areas to expand into and electrify. One such company is VinFast, which announced plans this week to produce and sell its electric scooters in the U.S.  The Vietnam-based EV manufacturer offers a variety of Vespa-style electric scooters, such as the Vento, …

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First Solar to Consider U.S. Expansion if Democrat Spending Bill Passes

solar manufacturing

First Solar Inc, the top solar panel manufacturer in the U.S., announced this week intentions to consider expanding its American manufacturing footprint if proposed climate change legislation that would subsidize solar equipment production is signed into law. The company’s CEO, Mark Widmar, revealed this new position during a call with Wall Street analysis on Thursday. …

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Weekly Wrap Up For July 29th, 2022

 On the latest episode of Moser On Manufacturing, Manufacturing Talk Radio host Lew Weiss and Reshoring Initiative founder Harry Moser discuss the latest trends in reshoring and their impact on the U.S. economy.  In this episode of ‘Cliff Notes on the Global Manufacturing Picture’, host Cliff Waldman reviews the latest look at global …

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

universal robotics

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

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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Weekly Wrap Up For July 22nd, 2022

 Dr. Chris Kuehl, Managing Partner of The Flagship Reports, discusses the current economic currents swirling around in business, industry, and manufacturing, and whether or not there is peril in the waters ahead. HII HITS MILESTONE ON JOHN F. KENNEDY (CVN 79) CARRIER America’s only builder of nuclear-powered aircraft carriers and leading provider of mission-driven …

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

recession

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 quarter …

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

California manufacturing

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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