Week 10 in Manufacturing News
US Electric Component Manufacturing on the Rise; U.S. Manufacturing Expands to a Three-Year High: 5 Winners; Budget 2021: UK Manufacturing Reacts to Rishi Sunak’s Plans; Experts Say Australia Will See a Boost in Local Manufacturing.
US Electric Component Manufacturing on the Rise
Manufacturing of clean energy equipment – and electric components generally – is gaining traction in the U.S.
Accurate descriptions of the U.S. clean energy market have always required a bit of nuance. Installations of solar panels, wind turbines and energy storage have routinely vaulted the U.S. to the top of global rankings of market size.
U.S. Manufacturing Expands to a Three-Year High: 5 Winners
The U.S. manufacturing sector expanded yet again in the month of February. The sector has been performing well ever since the economy started reopening following the COVID-19 induced lockdown. February’s rise in manufacturing activity marks the ninth straight month of gains for the sector, according to the Institute for Supply Management (ISM).
One of the major reasons behind the rise is that people are spending a lot more on goods compared to services following the pandemic, as a result of which they are shelling out more on goods
Budget 2021: UK Manufacturing Reacts to Rishi Sunak’s Plans
Chancellor Rishi Sunak has today announced the budget and the latest measures to support the UK economy in the COVID-19 pandemic.
Commenting on the budget statement, Stephen Phipson, chief executive of Make UK, said: “Given the difficult circumstances facing the Chancellor Industry will welcome the certainty and clarity he has provided about the route forward. This statement pursues a positive and fair middle road which balances the short-term need to avoid squeezing the recovery before it has started, whilst avoiding any artificial boost given the inevitable strong bounceback once the economy begins to open up.
Source: Production Engineering Solutions
Experts Say Australia Will See a Boost in Local Manufacturing
An expert in quality management is forecasting a significant increase in components and machinery made locally after the Government’s $1.5bn investment into its Modern Manufacturing Strategy. The change will result in improved availability and safety of consumer goods in Australia.
The Federal Government made its investment available to two of the six priority manufacturing sectors, as of this month. Manufacturers can apply for a grant to help them strengthen their local supply chain, handle mass production, upskill employees, scale up and improve competitiveness.
Source: Mirage News