Video: Festo talks steady growth in the manufacturing industry
Plant Engineering content manager Bob Vavra and Festo group manager Frank Langro discussed the signs of steady growth in the industry.
In an interview with Plant Engineering content manager Bob Vavra, Festo product management group manager Frank Langro discussed the signs of steady growth in the industry and the company’s efforts to encourage young people to explore manufacturing as a career. The relationship between flying penguins and manufacturing also came up.
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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