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The Top Trends of Industry 4.0
Manufacturing is undergoing a huge shift some are calling the fourth industrial revolution – or Industry 4.0. Exciting times are ahead, as opportunities open up for smarter, leaner, and more innovative production processes. Just what does Industry 4.0 mean for manufacturers and their processes, and what are the exciting opportunities to look out for?
China Tariffs Not to Blame for Manufacturing Shift?
Recent China tariffs are complicating the US-China trade relationship, causing many to rethink their outsource strategy. But there might be more to the story. The tariffs President Trump has imposed against China and their retaliatory tariffs are making things difficult, but there are indications China has been losing manufacturing prior to this.
5 Important Reasons to Reduce Production Cycle Times
The ability to reduce production cycle times can be a powerful competitive advantage. A company’s cycle time is a measurement of their efficiency and a bellwether for profitability and competitiveness. However, it’s not easy to reduce manufacturing cycle times, focus on learning how to reduce cycle time, or justify the expense of additional logistics investment without understanding the value. Indeed, the benefits of reducing cycle times can more than compensate.
Trump Tariffs May Impact Domestic Manufacturing Most
When US President Donald Trump announced in March that he would be imposing a 25% tariff on imported steel and 10% on imported aluminum – and in May that US allies would not be exempted – it was domestic manufacturing that responded negatively to the news. Recent news indicates US manufacturers may increasingly outsource production to avoid not only the price increase on inputs but also the added cost of exporting goods to countries imposing retaliatory tariffs on US goods.
Spotlight on US Manufacturing Sector
In spite of a general trend towards less manufacturing in the United States, the US manufacturing sector is doing well. Output is increasing, value is on the rise, and some areas in the US are experiencing significant growth in the manufacturing sector.
What’s New with the New NAFTA Deal?
Renegotiations have concluded for the new NAFTA deal, and all three countries are declaring the agreement a victory. US President Trump long derided NAFTA as a failure and a liability for the US economy. He campaigned on a promise to scrap the North American Free Trade Agreement and replace it. But how different is this […]
