The latest Department of Labor jobs report reveals that even with the creation of 195,000 non-farm jobs in June, the manufacturing sector lost 6,000 jobs during the same month. In a response to the report, Scott Paul, the president of the Alliance for American Manufacturing (AAM), noted that such a setback will hinder President Barack Obama’s goal of creating one million new manufacturing jobs during his second term, an effort that is “off to a terrible start.”
The aluminum industry has been suffering from overcapacity for the past two years, depressing prices and pushing producers to search for survival strategies, such as exploring new markets and innovating in specialty product categories. Read more
U.S. manufacturers can expand sales globally by using the intellectual property (IP) of their products as a competitive edge instead of viewing it as a potential weakness. Read more
Manufacturers’ business models and competencies will have to evolve to take advantage of the Industrial Internet. The rewards promise to offer tremendous value to those companies that can adapt and produce machinery and equipment for it. Read more
Hybrid and all-electric cars are the standard alternative fuel technologies for auto manufacturers. But now large auto companies like GM, Toyota and Honda are finally seeing their investments in hydrogen fuel cell research beginning to pay off.
In Toyota’s case its hydrogen fuel cell’s price was reduced by minimizing the amount of platinum components in the fuel cell while also eliminating a number of parts from its design.
According to Brett Smith, co-director at the Center for Automotive Research, “GM, Toyota, and a couple of other automakers have done a lot of great work. Fuel cells are getting close to being viable, closer than most people might think.” Read more