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Weekly Wrap Up For January 7th, 2022

 Tim Fiore, Committee Chair for the ISM Manufacturing Report on Business(R), presents the manufacturing Report On Business. Tesla to Recall Over 475,000 Cars in the U.S. The last year was another major one for Tesla, as they saw continued growth and sales while other auto companies experienced delays and other manufacturing problems. However, a …

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Leonardo Electronics US Set to Build Semiconductor Manufacturing Near Tucson, AZ

Semiconductor Manufacturing

According to a new statement put out this past Monday, Leonardo Electronics US Inc., which manufactures defense, security, medical and industrial products, plans to build a new semiconductor laser manufacturing facility on 13 acres at Innovation Park in Oro Valley, six miles north of Tucson, Arizona. The one-story, tilt-up building will include manufacturing, assembly, testing, …

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December 2021 Manufacturing ISM® Report On Business®

December 2021 Manufacturing ISM® Report

Manufacturing PMI® at 58.7% New Orders, Production and Employment Growing Supplier Deliveries Slowing at a Slower Rate; Backlog Growing Raw Materials Inventories Growing; Customers’ Inventories Too Low Prices Increasing; Exports and Imports Growing (Tempe, Arizona) — Economic activity in the manufacturing sector grew in December, with the overall economy achieving a 19th consecutive month of …

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Tesla to Recall Over 475,000 Cars in the U.S. 

Tesla recall

The last year was another major one for Tesla, as they saw continued growth and sales while other auto companies experienced delays and other manufacturing problems. However, a new major recall seems set to potentially stump much of the company’s momentum going into 2022. On Thursday, the company announced that it was recalling 356,309 vehicles …

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2022 Manufacturing Trends: Reaching the Future of Work

2022 Manufacturing Trends

by Robin Fleming The following article appears in 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! As 2021 comes to an end, the manufacturing industry is looking forward and determining ways to overcome and navigate new industry …

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GE Appliances to Invest $118 Million in Georgia Factory

GE Appliances

GE Appliances, a unit of Chinese appliance maker Haier, has announced that it plans to invest more than $118 million into expanding its LaFayette factory in northwest Georgia. According to spokesperson Julie Wood, the company needs to expand because of increased demand for the electric ranges, wall ovens and gas and electric cooktops it makes …

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Charlotte-based Manufacturer Set to be Sold for Nearly $4 Billion

Charlotte-based Manufacturer

Charlotte-based manufacturer SPX Flow announced last week that they would be acquired by a private equity firm in a massive deal valued at $3.8 billion. The firm, which is an associate of Lone Star Funds in Dallas, TX, intends to take the manufacturer private. The all-cash purchase price of $86.50 per share represents a nearly …

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Weekly Wrap Up For December 17th, 2021

 Harry Moser, President of the Reshoring Initiative, how we fix reshoring to capture the opportunities for reshoring, even in the face of labor shortages that add to the growing number of job openings in the industry.  Committee Chairs Tim Fiore and Anthony Nieves discuss the ISM’s Semi-Annual Forecast for Manufacturing and Services respectively. …

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Amid Rising Tensions, Congress Boosts Funding for Fighters and Ships 

Congress Boosts Funding

In an effort to send a strong message to both China and Russia, U.S. lawmakers are seeking to increase the production and purchases of key strategic aircraft and vessels according to the massive defense bill revealed this past Tuesday.  The fiscal 2022 National Defense Authorization Act, or NDAA, authorizes nearly $770 billion in national defense …

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