February 2015

Are you getting the most value from your engineering department? Do engineers have time for tasks that are critical to your company’s long-term success, or are they so busy with today’s projects that there’s too little time to mitigate tomorrow’s risks? In a recent survey from IHS Engineering360 Media Solutions, many engineers reported tighter resource constraints, a faster pace of work, and increasingly complex designs. What does this mean for your manufacturing business both today and tomorrow?

Critics of tax breaks for manufacturers describe state and federal policies as “corporate welfare”, and claim that tax-based incentives are ineffective. As a recent article from the State Science & Technology Institute (SSTI) explains, however, research and development (R&D) tax credits help more than just manufacturing companies. Two new studies show how businesses that claim R&D tax credits are less likely to lay-off employees, and are more likely to support satellite industries through capital expenditures.

Manufacturing executives are feeling bullish about the U.S. economy, and they’re ready to prove it. In a recent survey by Pricewaterhouse Coopers (PwC), 68% of respondents reported that they’re optimistic about the American economy’s prospects for 2015. That’s an 11% increase from the last time PwC checked the Manufacturing Barometer, a quarterly survey of 60 senior executives at multinational manufacturers.

Rising labor costs abroad, abundant energy supplies at home, direct foreign investment, and increasing U.S. demand are all powering America’s manufacturing renaissance. What’s less understood, however, is the importance of available metals and minerals, materials that are used to make everything from cell phones and laptops to body armor, medical devices, and machinery.