Manufacturing

ISM Semiannual report calls for lower growth in manufacturing and services sectors in 2023

Tuesday, May 9, 2023 · Jeff Berman
While growth is expected to remain in the cards, for the manufacturing and services sectors, over the balance of 2023, it is no longer set to expand at the same rates as were previously indicated, according to the “Spring 2023 Semiannual Economic Forecast,” which was…

Manufacturing falls again in April, reports ISM

Monday, May 1, 2023 · Jeff Berman
The report’s key metric, the PMI, came at 47.1 (a reading of 50 or higher indicates growth), marking a slight 0.8% gain over March’s 46.3, while contracting, at a slower rate, for the sixth consecutive month. The past six months of contraction, through April, were preceded…

How nearshoring is shaping investment decisions

Tuesday, April 25, 2023 · Jonathan Civita
With no sign of slowing, the trend to reshore or nearshore sourcing and production is shifting investment decisions in warehousing, logistics and manufacturing.

ISM reports that manufacturing output declines for fifth consecutive month in March

Monday, April 3, 2023 · Jeff Berman
The report’s key metric, the PMI, at 46.3 (a reading of 50 or higher indicates growth), was down 1.4% compared to February, contracting, at a faster rate, for the fifth consecutive month.

Industry first: One million robots on the job in automotive

Wednesday, March 22, 2023 · SCMR Staff
The International Federation of Robotics says automotive accounts for one-third of all robots installed across all industries.

ABB to expand robotics factory in U.S.

Monday, March 20, 2023 · SCMR Staff
The $20 million highly automated expansion will be operational by November, and bring more jobs to Michigan.

5 Ways AI is Changing Supply Chains

Thursday, March 9, 2023 · Gary Forger
Used in everything from delivery to forecasting, artificial intelligence is leaving its mark.

Manufacturing activity rises in February, getting closer to growth, reports ISM

Wednesday, March 1, 2023 · Jeff Berman
The report’s key metric, the PMI, at 47.7 (a reading of 50 or higher indicates growth), eked out a 0.3% increase, from January to February, contracting, at a slower rate, for the fourth consecutive month. The last four months of contraction, through February, were preceded…

Reshoring is on the rise; how smart is your factory?

Monday, February 13, 2023 · Abhinav Agrawal and Rob Sterner
Sustained labor cost advantages in Asia complicates the reshoring equation, but a smart factory that offers worker productivity improvements of three-to-five times that of foreign workers makes it financially viable.

January PMI is down but remains in close range to estimates, reports ISM

Wednesday, February 1, 2023 · Jeff Berman
The report’s key metric, the PMI, at 47.4 (a reading of 50 or higher indicates growth), down 1.0% from December’s 48.4, contracting, at a faster rate, for the third consecutive month. The last three months of contraction, through January, were preceded by a stretch of 29…

December manufacturing output falls to finish 2022

Wednesday, January 4, 2023 · Jeff Berman
The ISM report’s key metric, the PMI, came in at 48.4 (a reading of 50 or higher indicates growth), down 0.6% from November’s 49.0, contracting, at a faster rate, for the second consecutive month. The last two months of contraction were preceded by a stretch of 29…

ISM December report optimistic about 2023 growth prospects

Monday, December 19, 2022 · Jeff Berman
For manufacturing, ISM is estimating a 5.5% revenue gain in 2023, falling short of its 6.5% estimate from its predecessor report in May and its 9.2% 2022 growth rate. ISM member panelists are calling for 2023 services-based economy revenues to see a 3.1% gain in 2023, topping…

NanoGraf onshores advanced silicon anode production for batteries

Wednesday, December 14, 2022 · SCMR Staff
This first for the Midwest is expected to launch in the fourth quarter of 2023.

China overtakes U.S. in robot density

Wednesday, December 7, 2022 · SCMR Staff
Robot density is considered a key indicator of automation adoption by manufacturing.

Manufacturing output decreases in November, reports ISM

Thursday, December 1, 2022 · Jeff Berman
The report’s key metric, the PMI, was 49.0 (a reading of 50 or higher indicates growth), down 1.2% from October’s 50.2, September’s 50.9 and back-to-back readings of 52.8 in July and August, with November’s contraction snapping a stretch of 29 consecutive months of…
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