Manufacturing

As was the case in its previous edition in December, the manufacturing and services sectors remain on diverging paths, to a certain extent, in May. One common theme the sectors share, according to the Institute for Supply Management’s (ISM) May 2024 Semiannual Economic Forecast.

Over the years, Comau has increasingly focused on implementing key technology enablers that transform conventional robotics into advanced robotics.

The April PMI is 1.5% above the 12-month average of 47.7, with March’s 50.3 marking the high over that period and June 2023 marking the lowest, at 46.4.

Following several tumultuous years, the automotive industry is looking at a steadier state in 2024.

Cobots, AMRs, and AGVs also rank as top tech investments in Global State of Smart Manufacturing Report, which gauges the impact of emerging technologies across multiple challenges. The global study surveyed more than 1,500 manufacturers across 17 of the leading manufacturing countries.

WiM elects 20 members to its 2024 Board of Directors, who begin their terms on April 1, 2024.

The Smart Manufacturing Experience focuses on transformative technologies that enable manufacturers to better compete in the digital manufacturing era, including AI and machine learning, data analytics, IIoT/Industry 4.0, cyber security, software/CAD-CAM, automation, additive manufacturing, advanced materials, precision machining, metrology and more.

The report’s benchmark metric, the PMI came in at 47.8 (a reading of 50 or higher indicates growth), down 1.3% compared to January’s 49.1 reading, contracting, at a faster rate, for the 16th consecutive month.

Plant-focused supplier of material handling automation systems joins Coesia's FlexLink company.

he report highlights case studies from the MI’s Heroes MAKE America initiative.

The January PMI is 1.9% above the 12-month average of 47.2, with January 2024 marking the high for that period, at 49.1, and June 2023, at 46.4, marking the lowest.

The report’s benchmark metric, the PMI, came in at 47.4 (a reading of 50 or higher indicates growth), up 0.7% over November’s 46.7, contracting, at a slower rate, for the 14th consecutive month.

For manufacturing, ISM is estimating a 5.6% revenue gain in 2024; while ISM member panelists are calling for 2024 services-based economy revenues to increase 6.9% in 2024.

Listen in as GE Appliance’s Alison Seward discusses how the appliance maker is using 3D technologies to transform its operations, improve quality and upskill its workforce.

The November PMI came in 0.5% below the 12-month average of 47.2, with September 2023 marking the high for that period, at 49.0, and June 2023, at 46.0, marking the lowest.