Universally, the cost of employee turnover is felt in both the budget and the overall culture of a company. With a turnover rate 33% higher than other industries in the U.S., manufacturers need to develop strong initiatives to maintain good employees. In addition to high turnover, these companies also struggle to attract younger workers …
Undoubtedly, the growth and continual improvement of artificial intelligence (AI) has been revolutionary for the manufacturing industry. In addition to reducing expenses, AI has provided manufacturers with opportunities and information that would have been nearly impossible to receive prior to the invention. Forbes Insights recently published an article examining the advantages AI offers manufacturers …
Most industries in the U.S. manufacturing sector source at least 10% of their intermediate inputs from countries outside of the United States. Recent legislation to raise import tariffs will likely increase costs for U.S. manufacturers purchasing foreign intermediate inputs. In an article for Tax Foundation, writer Erica York offers an overview of a recent …
The manufacturing industry has implemented artificial intelligence to transform the way decisions are made, automate processes, and save resources.
This article explains how the industry is operating in the middle of a technological revolution, and how AI specifically is being applied in manufacturing.
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https://www.manufacturing.net/article/2018/08/artificial-intelligence-technology-redefining-manufacturing-workforce
There are many positives surrounding the manufacturing industry in 2018, but to continue improving the industry must learn from past mistakes.
This article discusses what it will take for an industrial renaissance, and the importance of innovation and progressive policy that will take American manufacturing to the next level.
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U.S. manufacturing is currently very strong compared to the global outlook, and if U.S. manufacturers hope to keep it that way, it must improve.
This article discusses recommendations for how the U.S. manufacturing industry can improve and continue to have global dominance.
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http://www.globaltrademag.com/global-logistics/improving-the-us-manufacturing-environment
Manufacturing companies must maintain standards to protect their consumer data and intellectual property.
Although this article is from the UK, it discusses the challenges US manufacturers are facing when it comes to the protection of data.
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https://www.information-age.com/data-protection-manufacturing-industry-123473380/
Smaller manufacturers in the US must now deal with aggressive trade policies that have caused costs to rise and sales to drop.
This articles discusses how tariffs impact manufactures, especially those that have business overseas.
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https://www.inc.com/why-small-manufacturers-are-particularly-vulnerable-to-trumps-latest-trade-policies.html?cid=sf01001
As the levels of tariffs imposed on the US rise, the supply chains of the US manufacturing industry could be at risk.
This article discusses the level of uncertainty surrounding the future of manufacturing, despite a strong month in June for the industry.
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https://www.reuters.com/article/us-usa-economy-construction/u-s-manufacturing-accelerates-but-tariffs-cast-a-shadow-idUSKBN1JS1NB
Manufacturing managers looking to advance production should focus on the digital technology that is transforming factories.
This article explains what the top trends are for global manufacturing, according to nearly 400 manufacturing companies in different industries.
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http://markets.businessinsider.com/news/stocks/10-trends-in-digital-manufacturing-revealed-in-latest-industrial-iot-survey-jointly-conducted-by-sme-and-plataine-1027331535
