Research from Interact Analysis projects that total manufacturing industry output will grow by 4% in 2022 to $44.5 billion.
IDTechEx's report finds the metal additive manufacturing market will recover from COVID-19 and hit $18.5 billion by 2032.
Tech innovation and new design methodologies have simplified efforts, but design engineering progress and innovation are being stymied by supply chain issues.
The Equipment Leasing & Finance Foundation's monthly confidence index dropped to 56.1 in April, but optimism about the future remains high.
SEMI projects fab equipment spending for front-end facilities is expected to jump to an all-time high of $107 billion in 2022 as demand remains high across the globe.
Interact Analysis reported an 8.3% growth for the manufacturing industry in 2021, which is a rebound from 2020.
COVID-19’s impact has changed the supply chain and companies are looking to keep up with growing and sophisticated demand. Technology improvements can help companies get an edge on last-mile logistics. Five methods are highlighted.
The road ahead for manufacturing is bumpy due to disrupted supply chains, labor shortages, and high shipping and energy costs.
Manufacturing has gone through many seismic changes and more are on the horizon.
The ELFA reports September new business volume is up 6% year-over-year, 8% month-to-month and 10% year-to-date.