News

Australian mining industry works toward net zero

Australia’s largest and most valuable industry is mining, according to Baker Hughes. Organizations in the country are working to decarbonize the nation through research and technological advancements.

General VMAnews

October 8, 2021

Survey reports Gen Z views manufacturing more positively due to COVID-19

Survey reports Gen Z views manufacturing more positively due to COVID-19

A recent survey by Parsable reports 58% of respondents who had graduated from a four-year college or university said they were interested in a career in manufacturing, which was likely influenced by their access to STEM and related educational programs while in school.

Manufacturing

October 8, 2021

New EIA study reports drop in nuclear power plant outages

The U.S. Energy Information Administration data shows that unplanned nuclear plant outages averaged more than 90 outages in 2000, peaking at nearly 120 in 2003, and since steadily fell to 34 so far this year.

General

October 7, 2021

Baker Hughes’ subsea drilling systems and Akastor’s MHWirth merge

The new company, HMH, aims to support the industry’s transition toward more energy-efficient solutions, as well as deploy technologies and service solutions to make the sector more competitive through increased drilling efficiency.

General VMAnews

October 7, 2021

Legislation moves on INFORM bill

Senators Richard Durbin, Democrat, Illinois and Bill Cassidy, Republican, Louisiana have introduced legislation the past two Congresses called the INFORM Consumers Act, which would increase online marketplace transparency for consumers and ensure that marketplaces verify who their high-volume third-party sellers are.

October 7, 2021

Chaotic trans-Pacific shipping disruptions continue

The familiar levers for logistics managers to manage shipping disruptions, such as alternative port routing and front-loading inventory, provide little relief in this chaotic trans-Pacific trade, reported the Journal of Commerce on Sept. 30.

October 5, 2021

Commercial Construction Index reports slow recovery

Worker shortages, materials shortages and rising costs have led to a slowdown in the post-pandemic recovery for construction contractors. The CCI score rose one point this quarter to 66.

Sustainability

October 5, 2021

Manufacturing Institute survey reports production bounceback

In the most recent NAM Manufacturers’ Outlook Survey, the Manufacturing Institute reports that manufacturing production has bounced back year to date, with output being the strongest since August 2019 in the latest data, exceeding pre-pandemic levels.

Manufacturing

October 5, 2021

Gardner Business Index shows slow expansion in third quarter

The Gardner Business Index (GBI) closed September at 58.0. Employment, production, new orders and backlog activity all registered slowing expansion during September.

Leadership Manufacturing

October 5, 2021

Supply chains impacted by shortage of workers

Fixing supply chain woes will be a long process, and many of the problems currently being experienced are due to a lack of labor. Technological advances such as automation and artificial intelligence will help companies find a solution.

Automation Manufacturing Supply Chain

October 1, 2021

Petrochemical shortages are causing prices to skyrocket

Petrochemical shortages are causing prices to skyrocket

Analysts are expecting petrochemical shortages to last well into 2022.

General Manufacturing

October 1, 2021

MSS revises standards SP-6 and SP-129

The Manufacturers Standardization Society (MSS) of the Valve and Fittings Industry has revised and published standards SP-6 and SP-129, announced in two press releases on Sept. 30.

General Quality/Compliance

October 1, 2021

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