The past year brought blockbuster headlines for U.S. manufacturing. Taiwanese electronics giant Foxconn unveiled plans to build a $10 billion assembly plant in Wisconsin that would make liquid-crystal display panels and employ as many as 13,000 people.
WASHINGTON—U.S. factory production rebounded in June by the most in four months as the industry regained its footing after a fire-related disruption at an auto parts supplier, Federal Reserve data showed Tuesday.
Increasing demand for smart devices and embedded intelligence is driving manufacturers in a variety of industries to invest in new production tools and technologies. Additive manufacturing, advanced sensors, augmented reality, cloud-based computing, collaborative robots and digital twins are just a few of the many trends transforming factory floors today.
U.S. manufacturing continued to roll in 2017. Want proof? Look no further than Toyota Motor Corp. In September, the world’s largest automaker announced that it will invest $374 million at five U.S. factories.
The era of digital manufacturing, Industry 4.0 and smart factories is here. It promises to improve productivity, drive operating efficiencies and transform the way many types of products are mass-produced. Benefits include optimized efficiency and reduced assembly line errors.
TEMPE, AZ—U.S. manufacturing and services executives expect to see increased revenue, hiring and capital spending in 2017, reflecting confidence in the economy, according to a survey released May 22 by the Institute for Supply Management.
WASHINGTON—Output at U.S. manufacturers rose in February for a sixth consecutive month, underscoring a sustained rebound in the industry. The 0.5 percent gain at factories, which make up 75 percent of overall industrial output, matched the prior month’s advance, marking the best back-to-back performance in three years, according to the Federal Reserve.
TEMPE, AZ—U.S. manufacturing and services firms expect to see rising revenues and profits next year, amid a stronger economy and only modest increases in costs, according to the Institute of Supply Management. The ISM semiannual economic forecast also showed that companies expect a small increase in employment across both sectors, after a contraction in 2016.