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?
June 14-17, 2015 The Council of Great Lakes Governors is leading a multi-sector trade mission to Montréal, Canada from June 14-17, 2015. The mission is
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.
The Digital Manufacturing and Design Innovation Institute (DMDII) based at UI Labs in Chicago is part of the National Network for Manufacturing Innovation. DMDII is the nation’s flagship research institute for applying cutting-edge digital technologies to reduce the time and cost of manufacturing, strengthen the capabilities of the U.S. supply chain, and reduce acquisition costs for DoD. Through partnerships between industry, government, and universities, DMDII will both develop and demonstrate digital manufacturing technologies and deploy and commercialize these technologies across key manufacturing industries.
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.