Week 16 in Manufacturing News
AMT Reports Solid Market Growth in U.S. Manufacturing Technology Orders; New Research Identifies 16 Industries Key to Restoring US Manufacturing Competitiveness and National Resilience; How Made Smarter Manufacturers Are Using Technology to Save Pounds and The Planet; How AI Can Solve Manufacturing’s Waste Problem.
AMT Reports Solid Market Growth in U.S. Manufacturing Technology Orders
U.S. manufacturing technology orders totaled $377.6 million in February 2021, a 17.8% increase from January 2021 and a 34.2% increase over February 2020, according to the latest U.S. Manufacturing Technology Orders report.
Source: Industrial Laser Solutions
New Research Identifies 16 Industries Key to Restoring US Manufacturing Competitiveness and National Resilience
Shortages of critical products across over the past year have served as a wake-up call about the US manufacturing sector’s importance to national resilience. Manufacturing capabilities matter—not only to fuel the economy in good times but also to keep it functioning in moments of crisis. At the same time, new technologies, process innovations, input trends, and demand patterns are creating opportunities that did not exist even a decade ago.
How Made Smarter Manufacturers Are Using Technology to Save Pounds and The Planet
Additionally, some manufacturers are supplementing this with measures like switching to LED lighting in their factories to slash electricity bills; and investing in renewable energy sources and biomass boilers to power their plants.
As a result, manufacturers are reducing costs, boosting profit margins, and increasing competitiveness, helping them navigate the impact of the Covid-19 crisis, and paving a path to recovery and growth with a new resilience.
The 187 technology projects supported by Made Smarter are forecast to deliver an additional £147.8M in gross value added (GVA) for the North West economy over the next three years.
Source: Plant & Works Engineering
How AI Can Solve Manufacturing’s Waste Problem
Earth Day inspires many consumers to examine their recycling, composting and consumption. That’s all good, but it isn’t where the heart of the waste problem lies.
The hyper-growth of the global economy has led to hyper-waste. If we want to protect the planet, we have to reduce waste where it shows up most: in how we make and distribute stuff.
Globally, industrial waste generation is almost 18 times greater than municipal solid waste, also known as trash, the World Bank estimates.