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CEOs have grown more pessimistic about current economic conditions, with only 8% saying conditions are better compared to six months ago, down from 13% last quarter.
The confidence level of chief executive officers remained unchanged at 43 in the second quarter of 2019, but declined to a reading of 34 in the third quarter (a reading of more than 50 points reflects more positive than negative responses), according to a study released by The Conference Board, New York.
Ohio State University’s Center for Design and Manufacturing Excellence (CDME), Columbus, Ohio, opened the new Artificially Intelligent Manufacturing Systems Lab (AIMS) to tap into the power of artificial intelligence (AI) to transform the future of manufacturing.
The national survey examines Americans’ perceptions about the manufacturing industry, including sustainability and tariffs, as well as whether they plan to pursue a career in this sector.
While only one quarter of respondents think the current state of manufacturing is either growing or stable but strong, 95% of all respondents stated that manufacturing is important to the U.S. economy, as outlined in the “Manufacturing Perception Report,” presented by Thomas, New York.
The U.S. labor market continued its sluggish performance in June, offering little relief after a disappointing jobs report in May, according to a “Job Market Report” produced by Glassdoor, Chicago.
The robotics revolution is rapidly accelerating, as fast-paced technological advances in automation, engineering, energy storage, artificial intelligence and machine learning converge continue to transform the capabilities of robots and their ability to take over tasks once carried out by humans.
High-pressure processing (HPP) continues to grow and expand into new markets. Learn more about the future of this technology and how the industry can better educate the everyday consumer on HPP.
While a majority of respondents reported they were very or somewhat familiar with the manufacturing industry (76%), the survey reveals Americans are largely unaware of the robust state of the manufacturing sector.
The manufacturing industry's innovation emphasis will move toward the development of new product-related services, supply chain improvements and innovative business models to create new competitive advantages over the next five years.
Nearly 90% of senior manufacturing industry executives predict that the competitive importance and pace of innovation will increase significantly as companies deepen their adoption of Manufacturing 4.0 (M4.0) technologies, according to results from the latest “Innovation in Manufacturing” research survey.