Leadtimes see a decline
The latest survey reveals that leadtimes decreased from May to June, although the trend for the rest of the year will be an increase in leadtimes.
The latest survey reveals that leadtimes decreased from May to June, although the trend for the rest of the year will be an increase in leadtimes. At present, supplies of these components seem plentiful, as indicated by falling leadtimes for the last 12 mo, with the exception of hydraulic cylinders, whose leadtimes have lengthened from 4.8 wk (June 1997) to 6.4 wk (June 1998), an increase of 33%.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey