Week 9 in Manufacturing News
America’s manufacturing recession looks like it could be over; U.S. companies face crucial test over China’s factory shutdown; What are manufacturers saying about their future?; Cybersecurity in a Connected World.
America’s manufacturing recession looks like it could be over
- Manufacturing surveys from the New York and Philadelphia regions show manufacturing on the rebound.
- The sector had been in recession for the latter part of 2019, hampered by the U.S.-China tariff war and a slowing global economy.
- Philadelphia’s picture particularly improved, rising to its highest level in three years.
U.S. companies face crucial test over China’s factory shutdown
The next few weeks will be crunchtime for U.S. companies awaiting products from stalled Chinese factories. If their suppliers spring back to life soon, many companies say they should be able to manage without disastrous disruption. But the uncertainty is keeping managers up at night.
Source: Washington Post.
What are manufacturers saying about their future?
According to the Annual Manufacturing Report 2020, published by The Manufacturer, UK manufacturers say climate change and technology revolution are opportunities not challenges, but fear continued political uncertainty and the inability of the education system to produce skilled recruits.
More comments about Business Transformation, Finance and Investment and People and Skills from The Manufacturer.
Cybersecurity in a Connected World
Interconnectedness brings new possibilities for manufacturers to optimize data collection, gain valuable insights and optimize efficiency. But with increased connectivity comes risks associated with innovations increasing across IT and operational systems, and chief among these is cybersecurity.
More about the evolution of cybersecurity threats with IoT’s advancement and some strategies manufacturers can implement to protect their systems from Industry Today.