December 20, 2010
Good Tidings and the Gift of Quiet
The staff of IMT wishes all of our readers a Merry Christmas and a Happy New Year. It's been our pleasure bringing you the trends that are changing the way the world does business, and solutions to help keep up. As we continue the climb back from the downturn, we look forward to delivering the information you need to succeed in 2011. Until then...
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December 17, 2010
2010 Holiday Season by the Numbers
It's the most wonderful time of the year, not just for families, but businesses as well. Find out how much the holiday shopping season is expected to boost the economy, along with fun and surprising facts behind our favorite holidays.
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December 16, 2010
Top Public Policy Issues for Occupational Safety in 2011-2012
The American Industrial Hygiene Association has announced the top public policy issues that will be of concern for the occupational and environmental health and safety profession over the next two years.
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December 15, 2010
Distribution Growth Opportunities for 2011
With new technology adding to the interconnectivity of the global supply chain, distribution networks are growing more complex and expensive to manage. Harnessing opportunities for supply chain improvements against these added costs will be the key to distribution growth in the new year.
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December 14, 2010
2011 Global Pack Trends
Although many businesses are still ailing from the effects of the global economic downturn and consumers remain somewhat reluctant to spend, the packaging industry has adapted to meet the new market challenges. Cutting-edge innovations in design, such as interactive packaging and smart labels, are on the rise, while perennial concerns such as sustainability continue to play a key role in the packaging industry.
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7 Christmas Inventions and their Surprising Origins
Have you ever wondered where Christmas lights, candy canes and other holiday mainstays originated? Here we look at the history of some of the most enduring holiday-season inventions.
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Q&A: JoAnn Hines on Targeting Consumers through Packaging
In this Expert's Corner, JoAnn Hines, aka The Packaging Diva, lays out how the still-weak economy and fickle consumers are forcing businesses to rethink their packaging decisions.
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IMT's Geeky Holiday Gift Guide 2010
Instead of tasteful presents that someone might actually need, our 2010 gift guide highlights products that no one needs but some of us still want. Give the unexpected this year.
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Is it Time to Party Yet?
Recessionary cost cutting put a damper on the holiday office party. As the economy gradually recovers, is the time-honored workplace tradition poised for a comeback?
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How Sustainability is Transforming Logistics
The pursuit of sustainability will transform the logistics industry, both in terms of its business model and the range of advanced solutions service providers will use, according to recent research.
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U.S. Packaging Machinery Market Snapshot
Despite their exporting successes, many U.S. packaging-machinery manufacturers have lost ground to foreign competition in recent years. Here is a brief overview of the packaging machinery industry.
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Recommended Reading
In his new book It's a Jungle in There, businessman Steven Schussler draws from personal experiences to provide insights about creative approaches to building a successful business. This witty and engaging read is a great holiday gift for the would-be entrepreneur.
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December 13, 2010
Weekly Industry Crib Sheet: U.S. Trade Gap Narrows
Plus: Semiconductor Executives Forecast 2011 Sales, Manufacturing Tech Consumption Dips and New Jobless Claims Drop.
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December 10, 2010
Light Friday: Does Your Pet Determine Your Career?
Plus: The Year in CEO Screw-Ups, a Little Squid's Klingon Device and the Game-Changer in Private Spaceflight.
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December 9, 2010
U.S. Economic Climate Warming Up
Economic conditions continue to improve at a modest pace in most U.S. regions, thanks to strong performance in the manufacturing industry and an upswing in consumer confidence.
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December 8, 2010
Employer-Based Health Plan Rates Surge
The combination of higher health care premiums and out-of-pocket costs is putting working families' budgets under stress across the country, according to a new analysis of state trends.
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December 7, 2010
Auto Sales Make Gains in November
The major U.S. automakers reported double-digit sales growth for November, lifting the prospects for a strong finish to the year as the holiday sales season approaches.
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December 6, 2010
Weekly Industry Crib Sheet: U.S. Finalizes South Korean Free Trade Deal
Plus: U.S. Consumer Confidence Hits 5-month High, GM IPO Nets $13.5 Billion for U.S. Treasury and Unemployment Rises.
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December 3, 2010
Light Friday: The Bad-Gift Detector
Plus: Arsenic-Based Lifeforms, Cancer Screening via Fingers, a Human Jukebox and MORE.
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December 2, 2010
Manufacturing Growth Cools to a Moderate Rate
Economic activity in the U.S. manufacturing sector grew for the 16th consecutive month in November, though at a slightly slower pace than the previous month, according to a new survey of purchasing managers.
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December 1, 2010
Senate Passes Major Food Safety Bill
The Senate has passed sweeping legislation to enhance and extend the U.S. Food and Drug Administration's authority over food safety standards. How will the new measures affect food producers and consumers?
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November 30, 2010
2010 Reader Favorites: Disruptive Thinking, Inventors Hall of Fame and Sherlock Holmes Logic
Every year, some Industry Market Trends coverage rises to the top. Here are your five favorite IMT articles of this year, including the most-read Expert's Corner, plus three posts from 2010 we think are worth checking out.
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November 29, 2010
Weekly Industry Crib Sheet: New Jobless Claims Plummet to 2-Year Low
Plus: Demand for Durables Falls, Eurozone Recovery Accelerates and RFID Market Forecast to Grow.
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November 24, 2010
Thanksgiving 2010 by the Numbers
Wondering whether the annual U.S. turkey deficit will rise this year? Want to know which towns are named after your favorite Thanksgiving foods? Find out in our latest roundup of fun facts about Thanksgiving meals, travel and shopping.
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November 23, 2010
CFO Outlook More Positive for Midsize Firms
Most chief financial officers in the U.S. report improved access to capital, low to moderate economic growth and healthier hiring, according to a quarterly survey of CFOs across seven major industries.
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November 22, 2010
Weekly Industry Crib Sheet: GM Launches Landmark IPO
Plus: Manufacturing Outlook Strengthens, Economic Indicators Rise and "Small Business Saturday" Introduced.
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November 19, 2010
Light Friday: The End of E-Mail?
Plus: Hone Your BS-Detecting Skills, the World's Stupidest Robots and a Seriously Fun-Looking Workspace.
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November 18, 2010
Downturn Highlights Supply Chain's Importance
Economic pressures force companies to contain costs and boost revenue throughout the supply chain. It comes as little surprise, then, that the economic downturn caused firms to turn to their supply chains for help.
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November 17, 2010
Industrial Production Flat in October
After a period of slowdowns, U.S. industrial output stabilized in October, remaining relatively unchanged last month as major declines in utility production offset gains in manufacturing.
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November 16, 2010
Anti-Counterfeiting Market to Grow Through 2015
Counterfeit goods continue to plague industries worldwide. High growth in counterfeiting over the next few years is expected to drive significant expansion in the anti-counterfeiting market, especially as governments implement new global enforcement measures.
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November 15, 2010
Weekly Industry Crib Sheet: U.S. Trade Deficit Narrows
Plus: U.S. Machine Tool Sales Rise, Industrial M&A Value Increases and Jobless Claims Fall.
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November 12, 2010
Light Friday: Holographic Telecommuting
Plus: A Self-Flying Car, Tarantula Terror Studies, Close-Up Comet Photos and an Engine-Free Speedster Plane.
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November 11, 2010
Top 15 Military-Friendly Employers
Military vets returning to the workforce do so at a difficult time. However, this Veterans Day, new data highlight private-sector firms that are eager to hire military veterans despite the slowdown in job creation.
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November 10, 2010
2010 Reader Satisfaction Survey: Tell Us What You Think of IMT
How are we doing? Let us know how we can improve IMT and better help you stay ahead of the competition. By taking two minutes to complete our 2010 Reader Satisfaction Survey, you will help shape our content for the year to come. As a token of our appreciation, respondents will be entered in a drawing to win a luxury Citizen watch.
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November 9, 2010
Who's on Top: 2010 Global Competitiveness
Dramatic changes in worldwide business activity have created a new dynamic in global competitiveness. Recent research indicates that the United States is slipping in international rankings, ceding ground to traditionally strong economies in Western Europe and large emerging markets in Asia. Find out why the world's historical leader in competitiveness is falling behind in the wake of the global economic crisis, and how other countries stack up.
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What to Do When Competitors Undercut Your Prices
What is the right course of action to take when a competitor undercuts your company's pricing structure? Here are some ways to overcome lower-priced competitors without suffering major losses.
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Q&A: Geoff Loftus on Leading Like Ike
In this Expert's Corner, IMT speaks with Geoff Loftus, whose recent book Lead Like Ike finds valuable management strategies in Dwight Eisenhower's leadership methods during the D-Day invasion.
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Need to Innovate? Try Employee Contests
Competition can be a powerful incentive for creativity, which is why many challenges today tap into the wisdom of the crowd to generate new ideas. But how about hosting innovation contests for employees?
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Workplace Bullying Runs Rampant
A spate of recent suicides highlights the tragic effects of prolonged bullying. While many consider it a schoolyard issue, bullying is an all-too-common problem in the workplace for millions of Americans.
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How to Kick the Micromanaging Habit
Managers should be involved in their employees' work, but when a boss becomes over-involved, it can be a detriment. Here we look at some ways to avoid micromanaging.
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Is Reshoring Still a Reality?
In 2009, many U.S. manufacturers began to bring offshored production closer to home. As the economy slowly improves, will the "reshoring" trend continue or will offshoring to low-cost countries pick up again?
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Recommended Reading
In Lead Like Ike, business writer Geoff Loftus looks at the experiences of Dwight D. "Ike" Eisenhower in his role as Allied commander during World War II, and applies the leadership lessons of D-Day to modern business operations.
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November 8, 2010
Weekly Industry Crib Sheet: Manufacturers and Retailers Unite on Item-Level RFID
Plus: Small Biz Spending Rises, Private Sector Adds Jobs and U.S. Workholding Shipments Increase.
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November 5, 2010
Light Friday: Ridiculous Excuses for Playing Hooky in 2010
Plus: What College-Level Math Classes Have Come To and 1980-2010 Asteroid Discoveries.
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November 4, 2010
Transportation Infrastructure May Be Hurting the U.S. Economy
The deteriorating quality of the U.S. transportation system may be hurting business activity and having a broader negative impact on the country's overall economy, highlighting the need to revitalize national infrastructure, according to new research.
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November 3, 2010
New Rules Proposed to Improve Truck Emissions and Fuel Efficiency
Heavy-duty trucks and buses in the U.S. will be required to cut greenhouse gas emissions and boost fuel efficiency by 2018 under newly proposed national standards for work vehicles.
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November 2, 2010
Manufacturing Growth Accelerates in October
Following several months of lackluster growth, the manufacturing sector expanded at a faster rate in October, rising to a five-month high and boosting prospects for a stronger recovery.
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November 1, 2010
Weekly Industry Crib Sheet: Manufacturers More Uncertain about Economy
Plus: U.S. Economy Grows at Slightly Faster Pace in Q3 and Jobless Claims Drop to Three-Month Low.
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October 29, 2010
Light Friday: Halloween by the Numbers
Plus: Corporate Zombies, Management Monsters, Ghost Phones, Scary Science and Self-Destructing Robots.
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October 28, 2010
Surge in Aircraft Orders Lifts Durable Goods
Demand for commercial aircraft lifted orders for big-ticket manufactured goods in September. However, excluding a surge in demand for transportation equipment, businesses spent less on product purchases that signal expansion.
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October 27, 2010
U.S. Auto Sales Remain Strong
The rate of new vehicle sales in the U.S. is continuing to make steady gains through October, building upon strength from prior months and boosting recovery prospects for the automotive industry, according to new reports.
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October 26, 2010
Workday of the Living Dead
Employees are the ones whose innovative ideas will lift us out of this down economy. That means letting today's workforce turn into a pack of corporate zombies is a costly mistake. Employers face a daunting task: focusing their limited resources toward re-engaging key talent in ways that will drive performance and value. Until then, employers will continue to create corporate zombies by failing to hear, involve and empower their workers. Let corporate zombies use their braaaains!
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Expert's Corner: Sherlock Holmes' Problem-Solving Formula
What's the best way to solve a problem? One approach, based on the logic used by Sherlock Holmes, can deliver significant results, according to the following excerpt from Gregg Young's new book Reasoning Backwards: Sherlock Holmes' Guide to Effective Problem Solving.
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The Many Types of Monster Bosses
Monsters are real as anyone who has ever worked for a nightmare manager can attest. Here we look at the qualities that distinguish a good boss from a bad one, and ways to avoid becoming a monster in the workplace.
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5 Sweet Facts about Candy
Do you know why candy corn became so popular? How about the origin of the "m" on M&Ms? Do the repetitive sounds of "Kit Kat" and "Jelly Belly" hold the secret to successful brands? Unwrap these and other candy secrets.
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Scary Science: Why We Like Fear
Now is the time of year when many of us actually look forward to being scared, whether by watching horror movies or visiting a haunted house. There are biological and mental processes that explain why we sometimes enjoy fear and sometimes...er...fear it.
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Fighting the Zombie Computer Outbreak
Computer hijacking programs are becoming more sophisticated and powerful each year. This makes it vital for companies to protect their networks from being hacked and converted into "zombie" systems that could severely undermine business.
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Engineering the Chilean Miners' Rescue
The dramatic rescue of 33 Chilean miners earlier this month demanded good working conditions, swift teamwork and technological ingenuity. It also brought to light the heroic side of engineering, which we highlight here.
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Recommended Reading
In Good Boss, Bad Boss, author and Stanford University professor Robert Sutton examines the managerial styles and psychological traits of the best and worst bosses to make a compelling case for high-quality leadership.
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October 25, 2010
Weekly Industry Crib Sheet: 9 Sites Proposed for Superfund's National Priorities List
Plus: Slow Growth for the U.S. Economy, a Fall in Jobless Claims and Mixed Signs for Eurozone.
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October 22, 2010
Light Friday: What We Learned from Bombing the Moon
Plus: Which Professions Need Coffee the Most and a Machine Made of LEGO Bricks Making Things Out of LEGO Bricks.
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October 21, 2010
Global Steel Output Inches Downward, but Outlook Improves
Worldwide steel output continued its monthly decline in September, though production remains above the prior-year level and new research forecasts a strong rebound in steel demand in the near future, according to the World Steel Association.
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October 20, 2010
4 Fundamental Flaws in the H-1B Visa Program
Loopholes in H-1B and L-1 visa programs have made it too easy to bring in cheap foreign workers who are displacing American workers, according to a new report, which says that an overhaul of the programs should address four fundamental flaws in their design.
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October 19, 2010
Industrial Production Falls in September
Following a long period of expansion, U.S. industrial output decreased in September for the first time since the end of the recession, raising concerns over the long-term strength of the recovery in industrial production.
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October 18, 2010
Weekly Industry Crib Sheet: U.S. Trade Gap Expands
Plus: Global Recovery Questioned, OECD Unemployment Stabilizes and Retail Container Traffic Grows.
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October 15, 2010
Light Friday: Google's Self-Driving Car
Plus: Honey Bee Mysteries, Noisy Meals, Punching Robots and Slow-Motion Water Droplets.
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October 14, 2010
2010's Most Popular Car Colors
Color remains an important component in how automakers can differentiate their vehicles in the marketplace. What color cars are consumers buying? In 2010, as in every year for the past decade, the most popular vehicle color in the world is silver.
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October 13, 2010
FTC Moves to Curb Greenwashing
Under a new set of revisions to the FTC's "Green Guides," companies will have to take greater responsibility for their environmental claims, but will these stricter guidelines put an end to misleading green marketing?
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October 12, 2010
The State of Machine Equipment Manufacturing
The manufacturing-machinery industry has survived almost two years of dramatic changes in everything from materials and processes to volumes and frequencies. Here we look at the year-to-date total value of United States manufacturers' machine tool and related equipment consumption, as well as current activity for specific technologies based on the latest available data.
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Robots Take Over in 2010
After suffering severe declines through 2009, this year the robotics industry is making a rapid recovery from the downturn, with rising demand and technological advancements spurring new growth.
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Courting Consciousness: The Future of Thinking Machines
Developing a machine that can think and learn with the same sophistication as the human brain has long been a staple of science fiction. Is creating real artificial intelligence truly possible?
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Will the Rare-Elements Shortage Cripple Industry?
The U.S. supply of rare-earth elements, necessary for the production of many manufactured goods, is dwindling. How will American firms overcome their reliance on China to compensate for the shortage?
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Don't Choke! How to Perform Well Under Pressure
Many of us deal with tight deadlines or intimidating projects on a regular basis. The pressure can often be overwhelming. Here are some ways to avoid choking and become a clutch performer.
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The Reality of Post-Recession Retirement
As employees' savings plunged throughout the economic crisis of the last few years, so did their confidence in retiring comfortably. Many workers are ill-prepared to meet their retirement needs.
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Recommended Reading
In Clutch, author Paul Sullivan explores how and why some people crumble under intense professional pressure while others rise above the stress to exceed expectations.
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October 11, 2010
Weekly Industry Crib Sheet: OSHA Reveals Top 10 Most Cited Violations
Plus: U.S. Recovery Slows, Employment Rate Stagnates and Service Sector Expands.
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October 8, 2010
Light Friday: Things Workers Wish They Could Tell Their Boss
Plus: Job Applicants' Missteps, Fantasy Football in the Workplace, Aliens Interested in Our Nuclear Sites and MORE.
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October 6, 2010
U.S. Industrial Real Estate Shows Signs of Recovery
Leasing activity in North American industrial real estate is up, although the sector is still vulnerable to mixed economic indicators, which could make sustained recovery slow or sporadic, according to a new report.
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October 5, 2010
Manufacturing Growth Slows Again
Although U.S. manufacturing continued to grow through September, the pace of expansion slowed, resuming a broader downward trend that has raised concerns over the long-term sustainability of the industry's recovery.
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October 4, 2010
Weekly Industry Crib Sheet: GDP Slows in Second Quarter
Plus: Car Sales Surge, Consumer Confidence Dips and Industrial Business Accelerates.
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October 1, 2010
Light Friday: What Does Your Smartphone Say About You?
Plus: Space Beer, Homemade Spacecraft, the Smallest Violin and a Robotic Acrobat.
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September 30, 2010
Supply Chain Leaders Balance Efficiency and Resilience
As companies struggle to cope with the uncertain global economy in 2010, finding ways to increase efficiency and resilience have represented a trade-off for many supply chain managers, according to a recent report. However, it may be possible to increase both.
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September 29, 2010
Obama Signs Bill to Help Small Biz
Earlier this week, President Obama signed a new bill intended to help small businesses gain better access to credit and to boost job creation for the ailing employment market. Some of the bill's key measures will kick in immediately.
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September 28, 2010
What's Your Education Worth?
Elevated unemployment and career instability have driven increasing numbers of people to seek further education. Yet how do we measure the value of a good education? Is it in the skills acquired through coursework, post-graduation employment prospects or the potential for future earnings? Here we look at the reasons why more people are returning to the classroom, as well as the top schools for getting hired in an uncertain job market and the return on investment a student can expect.
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10 Tips to Improve Employee Training
Maintaining workers' skills and improving their performance are critical for companies looking to retain a competitive advantage. Consider these tips for providing better training without breaking the budget.
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Saving STEM Education: Inside Obama's New Initiative
President Obama recently announced a new CEO-led initiative that aims to improve science, technology, engineering and math (STEM) education.
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How to Sharpen Your Skills Between Jobs
Whether going through a period of unemployment or transitioning careers, workers can remain productive by enhancing their skills.
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Manufacturers Aim to Educate Policymakers on Industry
Members of both the National Association of Manufacturers and the Pennsylvania Manufacturers' Association announced the formation of a statewide group to educate and inform policymakers on key issues affecting industry.
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Cash in on Last-Minute Federal Year-End Spending
Even as the clock ticks down to the end of the federal fiscal year - Sept. 30 - businesses can still take advantage of last-minute opportunities, Government Product News senior editor Mike Keating writes in this Expert's Corner.
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Innovation Moves to New Frontiers
While the strength of the recovery remains uncertain, a new United Nations report indicates a continuing geographic shift of intellectual property (IP) rights, especially towards Asia.
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Recommended Reading
In the updated and revised edition of the bestselling Topgrading, industrial psychologist and consultant Bradford Smart explains how top-performing companies build success through the training and development of their employees, and offers strategies on how businesses can tackle staff improvement effectively.
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September 27, 2010
Weekly Industry Crib Sheet: Small Biz Struggles with Regulatory Burden
Plus: Durable Goods Orders Fall, New Jobless Claims Rise and Global Trade Management Software Does Surprisingly Well.
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September 24, 2010
Light Friday: Breakthrough in Artificial Skin
Plus: Factory-Destroying Malware, Passing Through the LHC Beam and Spicy/Cold Food Science.
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September 23, 2010
Employment-Based Health Coverage Continues to Decline
Although employment-based coverage remains the dominant source of health insurance, it continues to erode, according to a new analysis of recent U.S. Census Bureau data.
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September 22, 2010
Global Steel Output Close to Pre-Crisis Level
Although output declined on a month-to-month basis, worldwide steel production nearly rebounded to its pre-crisis level in August, continuing the ongoing recovery in the metals industry, according to the World Steel Association.
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September 21, 2010
Voices of U.S. Industry at IMTS 2010
At this year's International Manufacturing Technology Show, IMT surveyed a number of vendors and attendees to get their take on the biggest challenge facing U.S. manufacturing and its workforce. Responses were as diverse as the respondents' roles in industry.
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Q&A: AMT's Pat McGibbon on the Evolution of Industrial Tech
At IMTS 2010, we sat down for a conversation with Patrick McGibbon, VP of Strategic Information and Research at the Association for Manufacturing Technology, which sponsors the biannual show. In this Q&A, he gives us a history lesson on industrial tech.
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September 20, 2010
Weekly Industry Crib Sheet: Mixed Small-Biz Outlook
Plus: Industrial Output Rises, Jobless Claims Fall and Conveyor Sales Up Year-Over-Year.
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September 17, 2010
IMTS 2010 from the Floor: Light Friday
While the machine technology on display alone is worth the price of admission to IMTS 2010, what's really cool is seeing the end result from the manufacturing tech. We'll wrap up our daily coverage of IMTS 2010 by taking a look at a few fun products featured at this year's show.
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September 16, 2010
IMTS 2010 from the Floor: Thursday
In part three of our ongoing coverage this week, IMT brings you highlights of the 28th edition of the International Manufacturing Technology Show, the premier manufacturing tech show in the Americas and one of the largest industrial trade shows in the world.
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September 15, 2010
IMTS 2010 from the Floor: Wednesday
This week, the 28th International Manufacturing Technology Show is featuring 1,100 companies in 1.2 million square feet of exhibition space in Chicago. Here is IMT's latest update from the show. Check back soon: we'll be bringing you highlights throughout the week.
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September 14, 2010
IMTS 2010 from the Floor: Tuesday
This week, more than 1,100 companies are occupying 1.2 million net square feet of exhibit space in Chicago for the 28th edition of the International Manufacturing Technology Show. And IMT will be bringing you highlights throughout the rest of the week.
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The Mass Customization Movement
As demand for personalized products grows, many manufacturers face increasing pressure to provide customizable product offerings. Customized products and mass manufacturing are not necessarily contradictory, as "mass customization" allows fabricators to meet the demand for custom goods. Here we look at how mass customization is changing the way manufacturers make products and why customers buy them.
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Rapid Prototyping on the Upswing
Current indicators suggest that rapid prototyping is on the verge of a resurgence following a tumultuous few years, as new fabricating technologies and prototyping applications drive up business activity.
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Q&A: Jim Brown on CAD Standardization
In this edition of Expert's Corner, Jim Brown, the founder and president of research and consulting firm Tech-Clarity, discusses strategic considerations in determining whether to consolidate CAD solutions or operate in a multi-CAD environment.
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Better Lean Through Better Behavior
Lean initiatives that focus only on tools and techniques often stumble as excitement from initial achievements diminishes and the lean journey becomes more difficult. Behavioral change is the key to making lean initiatives sustainable and successful.
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Avoid "Death by PowerPoint"
What's worse than poorly run meetings? Meetings overly dependent on PowerPoint slideshows. Consider these ideas for creating effective PowerPoint presentations.
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Tips for Developing a Company Philosophy
Establishing a solid business philosophy not only sets an ethical precedent within a company, but also enables an organization to improve relations with employees, partners and customers.
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Recommended Reading
Many companies have learned in recent years that personalizing the customer experience is good for business. In Mass Career Customization, the authors argue to extend this profitable concept to the workplace.
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September 13, 2010
Weekly Industry Crib Sheet: Positive Reports Ease Double-Dip Fears
Including: Declining Trade Gap and Steeper Jobless Claims Drop, plus Global Hiring Outlook and Economically Stressed States.
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September 10, 2010
Light Friday: Top Fictional Inventors and Business Cards
Plus: The World's Biggest Rocket, the Majestic Plastic Bag and a U.S. Mood-Swing Map.
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September 9, 2010
Economic Recovery is Decelerating
Although the U.S. economy continues to grow, key indicators suggest the economic recovery slowed down from mid-July through the end of August, raising concerns about the long-term sustainability of the rebound.
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September 7, 2010
Weekly Industry Crib Sheet: Public Opinion of American Manufacturing 2010‎
Plus: Monthly Job Losses Less than Expected, Chinese Manufacturing Rebounds and Employers Shift Health Care Costs to Workers.
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September 3, 2010
Light Friday: Labor Day by the Numbers
In honor of the workers who keep this nation in business, here we take a look at the numbers behind Labor Day.
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September 2, 2010
Manufacturing Growth Accelerates in August
Despite signs of a slowdown in recent months, the U.S. manufacturing industry grew at an increased pace in August, marking the 13th consecutive month of expansion for the factory sector.
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September 1, 2010
EPA Announces 6 International Priorities
The Environmental Protection Agency, collaborating with international partners to protect human health and increase environmental enforcement, recently announced its top six international priorities.
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August 31, 2010
When Will Employment Join the Recovery?
A surprising number of reports indicate that not only have hiring plans made a significant leap in the second quarter of the year, but increasingly more employers have a favorable - if not optimistic - hiring outlook for the next 12 months. At the same time, while more companies are seeing business pick up, they remain reluctant to add permanent employees, citing slow growth of sales and lingering economic uncertainty.
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Q&A: Debbie Shalom on Changing Jobs
In this edition of Expert's Corner, career management coach and outplacement trainer Debbie Shalom offers tips on assessing your career change, perfecting your résumé and avoiding common interview mistakes.
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Tips for Making a Career Transition
The majority of people will change careers at some point in their lives, but a challenging economic climate can make the process more difficult. Here we offer some strategies to help make your career transition a smooth one.
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Why Workaholics Make Bad Workers
There is no doubt that a strong work ethic is a great, if not critical, trait for professionals to possess in today's environment. Left unchecked, however, it can consume employees and contribute to bigger, company-wide problems.
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How Health Plans Will Change in 2011
As companies prepare to reorganize benefits programs to meet new health care standards, employees can expect to see a broad range of changes to their existing health plans, particularly at larger businesses.
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Saying 'No' to Your Boss
Sometimes there simply aren't enough hours in the day to work on another assignment. How do you explain this to someone who has control over your workload without endangering your job? Is saying "no" to your boss even possible today?
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Ways to Survive a Product Recall
When a product requires a recall, it can be a major setback to a company's reputation, not to mention its profits. However, there are several ways to lessen the impact of a recall and speed your recovery.
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Recommended Reading
In Linchpin, business expert and bestselling author Seth Godin illustrates how those who innovate, lead and connect people within an organization become indispensable to a company's success, and explains what it takes to make yourself a linchpin in the workplace.
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August 30, 2010
Weekly Industry Crib Sheet: Skilled-Trades Positions Hardest to Fill Despite Urgent Need
Plus: U.S. Growth Slowed in Q2, Trade Policies Become Stricter and Automotive M&As Increase.
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August 27, 2010
Light Friday: Toxic Office Fridges
Plus: The Girl Whose Lemonade Stand Was Shut Down and a Look at Dark Matter.
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August 26, 2010
Durable Goods Show Mixed Results in July
Following two consecutive months of decline, new orders for manufactured durable goods picked up again in July due to a boost in transportation equipment, though the month's narrow gains may not be enough to sustain continued growth.
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August 25, 2010
How Many Suppliers are in the Global Supply Chain?
Anecdotal evidence that a significant number of suppliers have "gone bust" over the past year abounds. How many are left? New research suggests much fewer than just two years ago.
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August 24, 2010
Global Steel Production Slows in July
Worldwide steel production declined again in July, continuing a downward trend in total monthly output, though production remained above its prior-year level, according to the World Steel Association.
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August 23, 2010
Weekly Industry Crib Sheet: U.S. May Lose Lead in Nanotech
Plus: GM Files for Landmark IPO, Workplace Fatalities Fall in 2009 and Jobless Claims Hit Nine-Month High.
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August 20, 2010
Light Friday: Outrageous Ways to Quit
Plus: The Latest in Phone Spying, the Ugly Truth about Jobs and Green Productivity Boosts.
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August 19, 2010
Industrial Production Rises in July
After a period of contraction last month, U.S. industrial output resumed increasing in July on the strength of surging automotive production and improved equipment sales. The gain exceeded expectations, but will it generate more long-term growth?
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August 18, 2010
A Case for Better Communication in the Workplace
Countless organizational problems are caused by a failure to communicate. In this guest post, James J. King, a consultant with more than 35 years' of management experience, offers his views on improving communication in the workplace.
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August 17, 2010
A Look at the 2010 Inventors Hall of Fame
Each year, the National Inventors Hall of Fame inducts a new group of groundbreaking and inspiring inventors from the worlds of science and engineering. The innovative figures honored this year have developed technologies to improve quality of life and put previously impossible accomplishments within reach. Their achievements will continue to serve as inspirations to future generations of scientists, engineers and original thinkers. Here we look at the latest round of Hall of Famers joining the hallowed ranks.
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R&D on the Rebound
Research and development budgets declined significantly during the economic downturn. But the R&D field is recovering swiftly, and is poised to become an important driver of economic growth and competitiveness for the future.
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Expert's Corner: 6 Steps to New Product Success
In this edition of Expert's Corner, Bill Freund, VP of business development and marketing at a firm that helps inventors bring products to market, outlines six practical steps inventors can take to roll out their products successfully.
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Devising the Best Name for Your Invention
With so many products on the market, it's not always easy to generate a creative and original name for your invention. Here are some tips to help make your naming process an effective one.
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USPTO Debuts New Patent Fast-Track Plan
The U.S. Patent and Trademark office is seeking public opinions on a newly proposed multistage "fast-track" patent system to replace the current "one-size-fits-all" process. Comments on the proposal are being accepted this week.
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The 7 Coolest (and Strangest) Inventions of 2010
2010 is shaping up to be a remarkable year for useful, amazing and downright bizarre inventions. Here we look at some of the most interesting and strangest devices grabbing headlines.
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Next X Prize Challenge: Combating Oil Spills
The Deepwater Horizon oil spill appears to be contained, but its devastating impact will last for years. In light of the inevitability of future oil spills, a new X Prize challenge to safeguard oceans and shores was recently announced.
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Recommended Reading
In The Most Powerful Idea in the World, author William Rosen traces the development of the steam engine through a close examination of the creative processes of pioneering inventors, examining the trials and tribulations they faced and the importance of intellectual property protection.
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August 16, 2010
Weekly Industry Crib Sheet: Trade Deficit Expands Sharply
Plus: Manufacturing M&As Rise, Jobless Claims Increase and Container Traffic Strengthens.
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August 13, 2010
Light Friday: 9 Surprising Celebrity Inventions
Including: Kevin Costner's Oil Cleaner, Abraham Lincoln's Boat Glider, Zeppo Marx's Atom Bomb Clamp and MORE...
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August 12, 2010
OSHA Publishes Cranes and Derricks Final Rule
After eight years of deliberation, and two years after a series of mass-fatality crane collapses, OSHA recently released its finalized set of guidelines for crane and derrick operation. The new rules are likely to have an important impact on several industries, particularly construction.
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August 11, 2010
New Ways to Offset Raw Materials and Labor Costs
As demand and inventory levels begin to recover, costs for raw materials and labor are also on the rise, encouraging many companies to adopt cost cutting measures down the supply chain and in their production processes.
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August 10, 2010
Manufacturing Tech Consumption Resumes Growth in June
Following a two-month slowdown, manufacturers across all regions increased their orders of machine tools and related equipment in June. The 2010 year-to-date total of manufacturing tech consumption is up 56.1 percent over the same period last year.
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August 9, 2010
Weekly Industry Crib Sheet: Employers Expect to Give Pay Raises Next Year
Plus: Unemployment Remains Stagnant, RFID Sales Surge and NAFTA Trade with Canada and Mexico Jumps.
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August 6, 2010
Light Friday: Reinventing the Wheel (Literally)
Plus: A Supernova in 3-D, Color Linked to Attraction and Wireless Robo-Boxing.
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August 5, 2010
Manufacturing Expands at Slower Pace in July
Manufacturing growth slowed in June and July, yet surprisingly good earnings reports from some major U.S. manufacturers provide new evidence that the sector can continue to lead the ongoing recovery.
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August 4, 2010
Q&A: Bob Segal on Manufacturer-Distributor Plans
Yesterday, Bob Segal, a principal at research firm Frank Lynn & Associates, made a case for effective communication in successful distributor plans. In part two of the Q&A, Segal addresses the remaining elements critical to the manufacturer-distributor planning process.
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August 3, 2010
3 Building Blocks to Better Communication
Effective communication can help organizations emerge from economic challenges ahead of the pack. Companies whose communication emphasizes courage, innovation and discipline are the best at keeping their employees engaged and are the most successful financial performers, according to new research. For most organizations, talking is easy. However, communicating to inform and engage requires much greater skill.
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Jargon, Buzzwords and other Bad Biz Writing
Here we look at the worst examples of office-speak, along with some words that deserve a place in our professional vocabulary. Not all corporate buzzwords are without their usefulness.
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Q&A: Bob Segal on Communicating with Distributors
In the first of a two-part Q&A, Bob Segal, a principal at research firm Frank Lynn & Associates, addresses the critical role of effective communication in successful distributor plans.
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On-the-Job Body Language 101
In the workplace, nonverbal communication often expresses as much, if not more, than words. Understanding the uses and misuses of physical gestures can make a critical difference in your professional life.
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The Best Ways to Deliver Bad News
Nobody likes to give bad news. But by avoiding common missteps, it is possible to deliver difficult messages with tact and consideration for the recipient, ultimately maintaining company morale.
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Are There Benefits to Swearing in the Workplace?
Swearing can seem like second nature in certain work situations, such as missing a deadline. Are there occasions when profanity is acceptable, or even beneficial, in the workplace?
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When a Meeting is Unnecessary
Holding a meeting can have its benefits, but doing so is not always the best way to share information. When is it necessary, and when is it a waste of time?
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Recommended Reading
In Crucial Conversations, a team of corporate consultants offers winning strategies for how to stay calm, collected and compelling when communicating with anyone even under high-pressure conditions.
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August 2, 2010
Weekly Industry Crib Sheet: GDP Slows in Second Quarter
Plus: Durable Goods Orders Decline, Jobless Claims Fall and Manufacturers Worry about Chemical Legislation.
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July 30, 2010
Light Friday: The Perfect Handshake
Plus: The World Wide Web's Key Holders, Body Language Blunders in Job Interviews and MORE.
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July 29, 2010
Small Business Outlook Grows Dismal
Although the economic rebound has taken hold across a wide range of industries, new research shows small businesses continue to struggle with lingering recessionary effects, meaning a full recovery for smaller firms will take longer than initially expected.
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July 28, 2010
Top 5 Biz Risks in 2010
Although the acute stress of the global recession is easing for increasingly more industries, organizations across all sectors continue to face a number of new and recurring threats. New research highlights the top risks for 2010.
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July 27, 2010
Manufacturing Outlook Strengthens in Q2
The business outlook for manufacturers has been steadily improving through 2010, with manufacturers' optimism recently rising to its highest level in three years, new reports show. Although some economic uncertainties still linger, the manufacturing rebound continues to gain momentum.
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July 26, 2010
Weekly Industry Crib Sheet: China Tackles National Energy Challenges
Plus: Leading Indicators Decrease, 2010 World Trade Forecast Revised Upward and Jobless Claims Rise.
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July 23, 2010
Light Friday: The Most Annoying Coworker Habits
Plus: "Woodhenge," an Eating Robot and the Largest Object in the Universe.
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July 22, 2010
Are Workers Ready to Vacation Again?
Job insecurity and the constant push for productivity have made workers reluctant to take vacations throughout the recession. Are employees' vacation fears easing now that the economy is recovering?
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July 21, 2010
Global Steel Production Up in First Half of 2010
Worldwide output of crude steel rose by nearly 20 percent above the prior-year level in June, according to new data from the World Steel Association. Despite some month-to-month fluctuations, steel production for the first half of 2010 was significantly higher than in the same period last year.
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July 20, 2010
Vital Signs of the Med Tech Industry
While most sectors of the economy experienced a slowdown or decline during the recession, research shows that the medical technology industry fared better than most and continues to be a major contributor to U.S. economic health. In fact, the industry has emerged as one of the strongest drivers of the rebound. While challenges remain for the med tech field, technological and business advances paint a promising future.
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Q&A: Jim King on Environmental and Safety Management
In this edition of Expert's Corner, consultant James J. King addresses the overall impact of environmental and safety regulations on businesses and their workers.
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Cut Costs, Keep Health Care
Employers are implementing various tactics to trim their health care costs while maintaining a competitive health benefits package.
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Which Health Benefits Can We Still Count on?
Despite intensifying cost pressures, most companies remain committed to providing employee health benefits. Here we highlight the benefits that are surviving the weak economy.
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8 Tips for Staying Productive in the Heat
As anyone who sits in front of a computer can vouch, a stuffy office during a hot summer is hardly conducive to productivity. Here are some tips for soldiering through the summer months.
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Is Nuclear Fusion Too Sci-Fi to Work?
Nuclear fusion has long been regarded as closer to science fiction than reality. But renewed focus on large-scale reactors and smaller, DIY fusion projects has revived the idea of making nuclear fusion a viable energy solution.
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Recommended Reading
In Healthy Employees, Healthy Business, author Ilona Bray, along with an advisory board of doctors, lawyers, benefits specialists and wellness experts, presents a wealth of cost-effective strategies for promoting employee health and productivity in the workplace.
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July 19, 2010
Weekly Industry Crib Sheet: SMB Exporters Remain Positive
Plus: Industrial Production Edges Up, Trade Deficit Expands and Jobless Claims Drop.
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July 16, 2010
Light Friday: Did Scientists Crack Chicken-Egg Mystery?
Plus: An Invisible Computer Mouse, Military's Sneaky Abbreviating and a Flying Car Cleared for Takeoff!
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July 15, 2010
Tech Advances Improving Transportation Efficiency
For companies trying to gain a competitive edge, taking advantage of recent technological advances in transportation and infrastructure can reduce costs and improve the efficiency of delivering products and supplies.
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July 14, 2010
Machine Tech Consumption Declines Again in May
Monthly consumption of U.S manufacturing technology dropped in May, though the total number of orders for machine tools and related equipment was up significantly from the same time last year.
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July 13, 2010
Signs of U.S. Export Initiative Paying Off
A recent government initiative to double U.S. exports by 2015 is starting to show positive results and seems on track to meet long-term trade goals. Will it be enough to jump-start new markets and jobs growth?
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July 12, 2010
Weekly Industry Crib Sheet: Leading Economies Grew in First Quarter
Plus: Oil Drilling Ban Thrown Out, Job Market Still Struggles and Supply Chain Software Dips.
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July 9, 2010
Light Friday: DARPA Superhero Projects
Plus: $200 Million Space Dust, Auto-Lacing Sneakers and Water TETRIS.
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July 8, 2010
Ingredients for Successful Supply Chain Strategy
Having an effective supply chain strategy is now widely recognized as an important part of business, yet implementation processes for such strategies remain fragmented throughout industries.
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July 7, 2010
Manufacturing Grows for 11th Consecutive Month
The U.S. manufacturing industry expanded for the 11th straight month in June, although most key indicators for the sector are experiencing a slowdown in the rate of growth following a recent surge.
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July 6, 2010
An Idea So Crazy it Might Work: Tips for Disruptive Thinking
Stepping sideways to see things from another angle often leads to breakthrough thinking, which in turn creates new markets and topples traditional ones. Innovation is a top strategic priority for a large majority of companies today. As such, creativity arguably the driving force behind successful innovation is increasingly gaining recognition as the new capital in uncertain and challenging economic times. For people trying to innovate and work within a creative, adaptive culture, we offer 11 ideas for extreme outside-the-box thinking.
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Q&A: futurethink's Lisa Bodell on Innovation
Innovation is becoming the bellwether for success among many industries. From cultural leadership to practical, cost-conscious strategies, futurethink's Lisa Bodell answers the persistent questions about innovation in a recession.
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A Glimpse into the Future of Engineering
Advances in technology, materials and business practices are likely to transform the way we engineer and produce goods. Here we look at some of the developments in science and manufacturing poised to shape the future.
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7 (Supposedly) Impossible Scientific Achievements
A human being stepped foot on another heavenly body and, at the touch of a button, virtually any piece of information is available. The following seven scientific achievements, previously thought impossible, have transformed our lives.
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Fringe Benefits: Unique Employee Perks
As businesses continue to focus on keeping costs low, offering non-traditional perks is becoming a more popular way to reward workers without overrunning budgets.
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Weird Job-Seeking Tactics
Companies are hiring again, but job seekers are up against more competition than ever before. Faced with this reality, people are using unusual tactics to stand out.
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Energy Efficiency's Role in a Recession
Recent findings outline the energy management priorities, practices and investment plans among decision makers responsible for managing commercial buildings and their energy use.
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Recommended Reading
In The Deviant's Advantage, authors Ryan Mathews and Watts Wacker examine the power of innovative and unusual thinking, showing how fringe ideas in a wide range of fields have led to incredible mainstream success.
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July 2, 2010
Light Friday: What Your E-mail Signoff Says about You
Plus: How Trademark Law Works, Interactive LED Sculpture and Kids Re-enacting the American Revolution.
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July 1, 2010
Companies Rethink B2B Strategies
Rapidly changing vendor relationships and an uncertain economic climate are leading many companies to re-evaluate their business-to-business integration strategies, a new report shows. How are they planning to manage the risks, and will their new approaches prove effective?
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June 30, 2010
Is Technology Helping Us Through the Downturn?
The recent economic downturn has American workers overworked and anxious, and many are turning to collaboration technology for solutions. Is technology helping employers and employees cope with their workload, or causing more stress?
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June 29, 2010
U.S. Unveils Plan to Combat Counterfeit Goods
The federal government has unveiled a wide-ranging new strategy to combat intellectual property theft, piracy and counterfeit goods selling. How will the new enforcement measures work to protect genuine products at home and abroad?
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June 28, 2010
Weekly Industry Crib Sheet: Business Leaders More Optimistic
Plus: GDP Growth Scaled Down Again, Durable Goods Orders Fall and New Jobless Claims Drop.
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June 25, 2010
Light Friday: Making Music with Theoretical Particles
Plus: Mind-Reading Technology, Oil Spill Images, Ozzy Osbourne's DNA and the LEGO World Cup.
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June 24, 2010
What's Driving Global Manufacturing Competitiveness?
Access to talent that supports innovation is the key factor driving global manufacturing competitiveness, well ahead of traditional factors such as materials costs and energy policies, according to a new report.
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June 23, 2010
World Steel Production Surges in May
Global crude steel output increased by nearly 30 percent above the prior-year level in May, according to new data from the World Steel Association. Despite some signs of a slowdown in growth, steel production has surpassed pre-recession levels.
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June 22, 2010
CPOs Navigate a Still-Troubled Economy
In today's global economy, the chief procurement officer (CPO) plays a vital role in equipping the purchasing function to play its part. Yet many continue to face both external and internal barriers to hitting savings targets. Here we look at some of the key challenges facing CPOs as the still-troubled global economy turns a corner, and the factors that most affect procurement professionals' success.
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2010 Supply Chain Salaries
Supply chain professionals' salaries can vary depending on region, education, experience and the employer's financial health. This year's compensation rates reflect the continued toll of the economic downturn.
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Cooperative Purchasing: Buy More for Less?
Whether you call it group purchasing, consortium purchasing or collaborative buying, this procurement method isn't new. Yet recent evidence suggests that cooperative purchasing may be more important than ever.
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WTO Tackles China Trade Dispute
China's recent move to restrict exports of certain raw materials is raising questions about the fairness and effectiveness of its new policies from economic organizations and trading partners.
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Expert's Corner: Mike Keating on Mid-Year 2010 Government Budgets
In this Expert's Corner, Michael Keating, senior editor for Government Product News, explains how and why government spending continues to shore up the economy.
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Gauging the Impact of the Gulf Oil Spill
In addition to being one of the largest ecological disasters in U.S. history, the ongoing oil spill in the Gulf Coast will likely have a huge effect on industry regulations and the overall economy for years to come.
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The Entrepreneurial Space Race
Entrepreneurs have been backing space-related companies for years, but recent developments are pushing the private space race further into the spotlight.
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4 Tips for Hiring Top Talent
Hiring managers today have a larger pool of applicants from which to choose. Nonetheless, many employers are realizing how hard it is to attract and hire the best employees.
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Recommended Reading
The book the Financial Times called an "industry must-read," Oil 101 presents a detailed and unbiased examination of oil's economic and social significance, its history and the science behind collecting, refining and transporting it around the world.
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June 21, 2010
Weekly Industry Crib Sheet: Leading Economic Indicators Point to Slower Growth
Plus: Industrial Output Rises, Initial Jobless Claims Jump and World Auto Sales Set to Climb.
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June 18, 2010
By the Numbers: Father's Day Centennial
Father's Day is turning 100 years old this Sunday. In observance of this weekend's especially significant celebration, today's "Light Friday" offers facts and figures about dads across the nation and how we will celebrate them on their special day.
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June 17, 2010
U.S. Industrial Production Rises in May
U.S. factory output rose for the 11th consecutive month in May, mainly due to increases in manufacturing and utilities, strengthening the industrial sector's position at the forefront of the economic recovery.
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June 16, 2010
Employers' Health Care Costs Expected to Rise in 2011
Over the past year, medical costs have been an extraordinary challenge for employers. As the full effects of both the recession and the extensive changes in federal health funding and regulation continue to play out, here are the key health insurance issues employers can expect to face in the coming year.
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June 15, 2010
Machine Tech Consumption Declines in April
Consumption of U.S. manufacturing technology declined from March to April, ending a two-month upswing in orders for machine tools and related equipment, though sales remain significantly above year-ago levels.
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June 14, 2010
Weekly Industry Crib Sheet: Solid Gains Forecast for U.S. Manufacturing Production
Plus: U.S. Trade Gap Expands, Eurozone Manufacturing Output Surges and Materials-Handling Equipment Expected to Grow.
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June 11, 2010
Light Friday: Earth Contracts World Cup Fever
Plus: The Upside of Grumpy, Robot Fish, Your Face in Space and Soccer Ball Physics.
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June 10, 2010
Economic Recovery Slowly Spreading in U.S.
The economic recovery is finally spreading to all parts of the country, according to a Federal Reserve report yesterday. The new data indicate that manufacturing picked up, transportation improved and retail sales grew.
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June 9, 2010
U.S. Auto Sales Surge in May
Automakers ended May with strong sales, as the top U.S. auto firms reported double-digit increases boosted partly by the holiday weekend. The rising demand signals a continuing recovery for the once-ailing auto industry.
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June 8, 2010
Mid-Year Reader Favorites: Engineering Report Card, Stressful Jobs and DIY Basics
In case you missed them in our biweekly e-newsletters, here are IMT's five most-read articles in the first half of this year, plus a few we think are particularly worth checking out.
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Burning Question
What, if anything, have we learned from attempts to address/resolve the disastrous BP oil spill on either a government or corporate level? Let us know in the comments section below.
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June 7, 2010
Weekly Industry Crib Sheet: Containment Cap Collects Some Gulf Oil
Plus: U.S. Factory Orders Rise, Chinese Growth Slows and Hiring Turnaround Sputters.
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June 4, 2010
Light Friday: Kermit Speaks on Sales Success
Plus: Real-Life Hoverboards, Cigarette-Butt Science, Planet-Eating Star and MORE.
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June 3, 2010
Recession Spurs Lower-Cost Shipping Options
The economic downturn has motivated businesses across the logistics industry to trim budgets wherever possible, but new research suggests that some cost-cutting measures may need to be reversed as shipping markets stabilize.
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June 2, 2010
Manufacturing Expands for 10th Month Straight
Activity in U.S. manufacturing expanded for the 10th consecutive month in May, according to the Institute for Supply Management this week.
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June 1, 2010
Weekly Industry Crib Sheet: U.S. Durable Goods Orders Jump in April
Plus: Revisions to U.S. Economy's Q1 Growth and a Drop in Jobless Claims.
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May 28, 2010
Light Friday: The Human Computer Virus
Plus: Bonuses Increase Cheating, Quantum Teleportation Breaks Records and Bill Nye Judges Oil Spill Solutions.
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May 27, 2010
World Energy Use Projected to Grow 49% by 2035
World energy use is expected to jump nearly 50 percent by 2035, driven mostly by developing nations such as China and India, a new report from the Energy Information Administration says.
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May 26, 2010
Q&A: Theresa Welbourne on Employee Engagement Drivers
In yesterday's Leadership Lessons from Theresa Welbourne, the eePulse CEO and USC Center for Effective Organizations research professor addressed management, leadership and HR lessons learned from the recession. Here we conclude the two-part interview by looking at employee engagement and talent retention.
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May 25, 2010
Entrepreneurs: Born or Made?
Entrepreneurship is not for everyone. Consider the long hours, lack of sleep, high risk, high stress and often slow financial return. More than four decades' of research has sought to answer why people become entrepreneurs. Until now, answers have been vague and uncertain, and much of the literature has assumed that the tendency to engage in entrepreneurial activity is explained by learned individual differences or situational factors. However, recent research suggests that entrepreneurial qualities are heritable. Do a person's genes determine his or her ability as an entrepreneur?
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Health Care Reform's Impact on Small Biz
Months after sweeping changes to national health care were signed into law, sorting out the legislation's new requirements from the new perks is proving difficult for small-business owners. Recently updated IMT coverage breaks down what the changes mean to businesses.
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Startups in a Down Economy
Although economic conditions have improved for a number of sectors, small businesses continue to struggle with managing costs, strengthening revenue and obtaining capital. Conditions are improving, but will we see a full-fledged rebound?
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Is Your State Entrepreneur Friendly?
Grants, loans and capital investments can provide a crucial boost to a young business, but not every region provides the same level of support. Find out if your state is a good place for entrepreneurs to find the backing they need.
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Leadership Lessons from eePulse CEO Theresa Welbourne
In this edition of Expert's Corner, Theresa Welbourne, CEO of eePulse, Inc. and research professor at USC's Center for Effective Organizations, addresses management, leadership and HR lessons learned from the recession.
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How to Build a Management Team
Once you've built up your business, it may be time to delegate some of your responsibilities. Building an effective management team can be challenging, but the rewards of good leadership are usually worth it.
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Are You Getting Enough Sleep? Or Too Much?
Sleep deprivation not only impairs people's work performance, but also puts them at increased risk of health problems. New research suggests a direct link between sleep duration and lifespan.
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Creating Your Small-Business Web Site
In many cases, a Web site is the best place for a company to make its first impression with customers. That is why establishing or improving your firm's presence on the Internet is vital in today's market.
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Recommended Reading
In Awesomely Simple, author John Spence offers practical strategies for cutting through the day-to-day clutter and distractions of being a business owner in order to focus on what really drives success.
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May 24, 2010
Weekly Industry Crib Sheet: Economic Outlook Improves
Plus: Jobless Claims Jump, Workholding Equipment Shipments Rise and Heavy-Truck Sales Strengthen.
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May 21, 2010
Light Friday: How Much Time is Wasted on Elevators?
Plus: Nanobot Assembly Line, Robotic Coworkers and the World's Largest Airship.
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May 20, 2010
World Steel Production Climbs in April
In April, global crude steel production rose by 2 million metric tons over March and increased more than 30 percent over the prior-year level, according to the World Steel Association. However, concerns are also rising over increased pricing pressure from iron ore manufacturers.
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May 19, 2010
Auto Part Suppliers Rebound as Vehicle Sales Recover
Between aggressive cost-cutting and an upturn in production, recent data indicate a turnaround among a number of major automotive suppliers.
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May 18, 2010
EPA Tightens Industrial Air Pollution Rules
The EPA has announced new measures to more strictly regulate greenhouse gas emissions from major emission sources, such as power plants, while reducing restrictions on smaller industrial businesses. Some groups oppose the ruling, but others claim it will benefit small businesses in the long-term.
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May 17, 2010
Weekly Industry Crib Sheet: Capping the Gusher
Plus: U.S. Trade Gap in March, Factory Production and Business Inventories in April, and Jobless Claims in the Week Ending May 8.
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May 14, 2010
Light Friday: Zombies in Space
Plus: The Final Shuttle Missions, Lethal Home Robots, DIY Soda-Making and MORE.
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May 13, 2010
New Advanced Manufacturing Competency Model Released
Since its introduction in 2006, the Advanced Manufacturing Competency Model has served as a framework for developing and enhancing manufacturing education and training programs across the U.S. An updated version, released this month, contains new information on sustainable and green manufacturing, as well as updated guidelines in several competency areas.
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May 12, 2010
Manufacturing Tech Consumption Up in First Quarter
Consumption of U.S. manufacturing technology rose in March, with significant sales gains in every major region, according to new data. The latest increase signals a strong first quarter in machine tech consumption and an accelerating recovery among many manufacturing businesses.
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May 11, 2010
The Most (and Least) Stressful Jobs
Everyone experiences stress at work from time to time, but not all jobs are created equal. Certain professions outweigh others in terms of day-to-day anxiety, the number of duties and the time frame in which work must be completed. These careers can be demanding, but for those who would prefer a more leisurely day at work, there are many jobs notable for their relative lack of stress. Here IMT looks at some of the most and least stressful jobs in the U.S., as well as ways to cope with work stress in whatever form it presents itself.
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How to Go from Temp to Full Time
Because finding full-time work has been particularly trying in this economy, many job seekers have taken part-time and temporary positions, hoping to get hired full time. For those looking to turn a temp assignment into a permanent job, consider these tips.
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OSHA to Crack Down on Unsafe Workplaces
Each year, tens of thousands die from workplace disease and more than 4.6 million workers are seriously injured on the job. In an effort to address urgent occupational safety and health problems, OSHA is implementing a new program and increasing penalties for unsafe workplaces.
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Beating Stage Fright at Work
Fear of public speaking can hurt your chances of giving an effective presentation at work, preventing you from impressing clients or coworkers when it matters most. Fortunately, there are several strategies for overcoming work-related stage fright.
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Your Chair is Your Enemy
Are you sitting down? On average, people sit 8.9 hours a day. Even if you exercise vigorously, sitting for long periods remains bad for your health, according to recent research. Beware of your chair.
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Getting a Raise in a Tough Economy
Asking for a raise can be challenging even in a booming economy. In today's business climate, increasing your salary may seem impossible. Yet, with careful planning and the right approach, that desired bump in your earnings may be within reach.
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E-Mail Etiquette: Before You Click "Send"
No one wants to be the person who sends an inappropriate or poorly worded e-mail around the company. Understanding e-mail etiquette and the correct way to compose an effective message is a valuable skill in today's workplace. Here are some tips to brush up on your e-mail correspondence.
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Recommended Reading
In this expanded and updated version of The 4-Hour Workweek, entrepreneur, investor and bestselling author Timothy Ferriss provides ways to optimize your work habits and break out of the 9-to-5 mentality to become a business whiz.
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May 10, 2010
Weekly Industry Crib Sheet: Both Hiring and Unemployment Rise
Plus: Global Recovery Slows Down, U.S. Factory Orders Surge and Worker Productivity Rises.
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May 7, 2010
Light Friday: U.S. Military at War with PowerPoint
Plus: Top Out-of-Office Auto-Responses, the Extremely Large Telescope and Moscow Finds Lost Laser Reflector.
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May 6, 2010
Volcano Cloud's Impact on Air Transport Industry
The airline and air cargo industries have made significant gains in recent months, reversing many of the revenue losses incurred during the economic downturn. But how will the global air transport rebound fare in light of a recent large-scale shutdown in Europe?
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May 5, 2010
Disaster Planning: Prevention vs. Response
Would any supply chain risk managers have planned for a blanket of volcanic ash covering Europe? For businesses, natural disasters over the past month serve as powerful reminders of the importance of serious risk management planning, on both the prevention side and the response side.
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May 4, 2010
Manufacturing Grows at Fastest Pace in 6 Years
The U.S. manufacturing industry expanded for the ninth consecutive month in April, growing at the fastest pace in nearly six years and pointing to a broadening economic recovery for the sector.
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May 3, 2010
Weekly Industry Crib Sheet: U.S. to Curb New Drilling as Oil Slick Hits Shore
Plus: GDP's Rise, Jobless Claims' Fall and Consumer Spending's Best Showing Since the Recession Began.
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April 30, 2010
Light Friday: Tech Addiction is Worse than We Thought
Plus: Japan's Space Yacht, Reconfigurable Apartments, the World's Largest Laser and a Slow-Motion Apollo 11 Takeoff.
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April 29, 2010
Consumer Mood Mixed in April
Over the past few months, economists have been telling the American public that the nation's economy has turned the corner. However, new reports indicate consumers may not be quite ready to embrace this good news.
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April 28, 2010
U.S. Auto Sales Continue Steady Growth
Auto sales in the U.S. continued to make steady gains in April, with new projections indicating significant improvement over prior-year sales level due to strong incentive programs and a boost in auto fleet purchases.
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April 27, 2010
Green Biz in 2010
For businesses, being eco-conscious has to make financial sense rather than simply be "the right thing to do." While the recession has had many companies questioning how they can justify pursuing green projects, more companies are realizing the business value of sustainable processes. In fact, new research indicates that the recession helped boost practices like energy-efficient building and fleet purchases of alternative-powered vehicles, as well as use of new packaging materials and methods.
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Beware of Greenwashing: Avoid Eco-Hype
As increasingly more businesses provide "green" products and services, others are inflating or misrepresenting the environmental performance of their products or services. Smart businesses and marketers should consider the following tips for making environmental claims responsibly.
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Wal-Mart Adds to Sustainability Efforts
In yet another initiative to adopt sustainable practices, Wal-Mart recently announced it wants its suppliers to reduce greenhouse gas emissions by 20 million metric tons by the end of 2015. The latest move is part of the retail giant's broader, ambitious environmental goals.
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Recycling Industry on the Rebound
The economic downturn affected a wide range of U.S. businesses, including the recycling industry, which saw a slowdown in volumes and commodity prices. But promising signs indicate that the recycling market may recover from its losses in the coming year.
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Expert's Corner: Q&A with Darin Yug
In this edition of Expert's Corner, Diamond Management & Technology Consultants Inc.'s Darin Yug addresses the biggest obstacles to sustainable supply chain efforts, and lays out ways to establish a robust business case for future "green" initiatives in the supply chain.
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What's Driving the Green Car Market?
Demand for electric and hybrid cars has risen dramatically in recent years, and many major automakers have or are planning to roll out their own green car models. Reports show that this rapidly expanding market is not simply motivated by fuel concerns.
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When You're Too Good at Your Job
Although most of us strive to perform well at work, sometimes being too good at your job can actually hurt your career. When you're over-performing, striking a balance between job performance and promotion prospects is the key to professional advancement.
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Tips for Fighting Allergies
The weather is warming up and flowers are in bloom, but spring can be a terrible time for allergy sufferers, especially on the job. Here are some ideas for breathing easier this allergy season.
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April 26, 2010
Recommended Reading
In Greening Your Small Business, author Jennifer Kaplan shows how adopting sustainable practices for your small business can not only help the environment, but also cut costs and improve profitability.
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Weekly Industry Crib Sheet: Recovery in Sight for Global Logistics Market
Plus: Leading Economic Indicators Rise, Durable Goods Orders Decline and Jobless Claims Drop.
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April 23, 2010
Light Friday: Kooky Inventions
Plus: 3-D Printing to the Moon, YouTube Turns 5 and a Very Happy Earth Day!
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April 22, 2010
Global Steel Production Rises in March
World crude steel output rose more than 30 percent above the prior-year level in March, according to the World Steel Association. However, concerns remain over domestic shipments and a new set of steel import duties from China.
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April 21, 2010
Want New Customers? Prioritize Public Health
Employers are taking steps to address their workers' health, but new findings indicate that consumers expect businesses across industries to be involved in health care in ways that go beyond the well-being of their employees.
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April 20, 2010
U.S. Factory Output Edges Up in March
U.S. industrial production edged up in March for the ninth consecutive month, due in large part to gains in manufacturing, although overall growth was lower than expected.
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April 19, 2010
Weekly Industry Crib Sheet: Retail Sales Climb
Plus: U.S. Trade Deficit Widens, Jobless Claims Continue Climb and Manufacturers Call for Export-Control Overhaul.
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April 16, 2010
Light Friday: What the Internet Has Ruined For Us
Plus: Computerized Cat Brains, Baby Cubicles, Bulletproof T-Shirts and a Billboard Made of Water.
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April 15, 2010
U.S. Tech Industry Has Begun its Recovery
Emerging from a difficult 2009, the technology industry has begun to recover. New research forecasts the U.S. IT market to grow by as much as 8.4 percent this year and the global IT market to grow by upwards of 7.7 percent.
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April 14, 2010
Manufacturing Tech Consumption Climbs in February
U.S. manufacturing technology consumption rose in the latest month reported, marking a return to growth after a significant decline in orders and strengthening the machine tool market recovery.
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April 13, 2010
Bootstrapping Toward Recovery
In the current business climate, the combination of limited credit availability, reduced cash flow and fewer financing sources makes personally funding your own business a more appealing option for many entrepreneurs. This strategy, a.k.a. bootstrapping, can help a business owner reach financial goals and provides a degree of independence in making operational decisions. It also makes it crucial to cut costs during periods of economic hardship. Here IMT looks at techniques for effective bootstrap financing and ways to trim budgets as the business landscape shifts.
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The Dirty Details of Cash Flow
Because maintaining a steady cash flow can be a major challenge for any business, entrepreneurs and small-business owners should understand the mechanics of cash flow and its role in influencing financial health.
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Compensation Rates in Today's Economy
With unemployment high and profitability low, many businesses have shifted focus away from compensation. Yet as the economic recovery gains momentum, employee compensation is becoming an increasingly important factor in business success.
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Start-up Funding Alternatives
Failing to raise capital and maintain cash flow is the most common reason new businesses don't last. Many small-business owners still face tight credit restrictions, but banks are not the only source for financing a start-up.
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One Step Closer to the Secrets of the Universe
Late last month, the Large Hadron Collider succeeded in smashing subatomic particles together at more than three times the highest levels previously recorded, providing the first in what promises to be a flood of data pertaining to the origins of the universe.
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Tips for Effective Negotiating
With the right attitude and approach, negotiations can be made smoother for all the parties involved in the bargaining process.
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Transport Lessons from the Recession
The last couple of years have dealt several severe shocks to supply chain operations for companies across nearly all sectors. New research explores the key issues and potential solutions in transportation management.
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Recommended Reading
Negotiation is critical for purchasers and suppliers, and the two-million-copy bestseller Getting to Yes's straightforward guide for how to behave in negotiations professionally and personally still remains relevant today.
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April 12, 2010
Weekly Industry Crib Sheet: Wholesale Inventories and Sales Post Gains
Plus: Retail Imports to Rise, Jobless Claims Increase and Global Recovery to Slow Down.
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April 9, 2010
Light Friday: Laughter Therapist and 7 other Odd Jobs
Not all professions are equal, and few jobs are as odd and unexpected as those we've rounded up here.
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April 8, 2010
Steelmakers Troubled Over Iron Ore Pricing
Recent changes to iron-ore pricing contracts have led to rising raw materials costs. Many steelmakers are protesting the changes, citing unfair market manipulation by the largest ore companies. What will the latest round of pricing disputes mean for manufacturers here and abroad?
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April 7, 2010
An Overview of New Automotive Rules
New rules establish an historic national program aimed at dramatically reducing greenhouse gas emissions and improving fuel economy for new cars and trucks sold in the U.S. Here we look at what the new standards mean for automakers, consumers and future passenger vehicles.
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April 6, 2010
Manufacturing Expands for Eighth Month Straight
The U.S. manufacturing industry grew for the eighth consecutive month in March, expanding at the fastest pace in more than five years and indicating that the manufacturing recovery is gaining momentum.
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April 5, 2010
Weekly Industry Crib Sheet: Obama Plans Offshore Oil Drilling
Plus: World Trade to Climb, Payrolls See Best Gain in Three Years and Air Cargo Rebounds.
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April 2, 2010
Light Friday: April Fools' Day Roundup
Featuring: Animal Translation Technology, Coffee by the Bucket, Butterfly Attacks, More Supercollider Troubles and Face-Control Web Browsing.
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March 31, 2010
Durable Goods Orders Climb in February
New orders for manufactured durable goods continued to rise in February due to a boost in machinery and commercial aircraft purchases, strengthening the stability of the manufacturing recovery.
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March 30, 2010
Get Your Hands Dirty: DIY Basics
Traditional sources of early hands-on skills development like shop classes, apprenticeships and Scouting have declined in popularity over the years. Yet as the tools of engineering and manufacturing become accessible and affordable to a wider public, hobbyists are better able to recapture the spirit of amateur innovation. Do-it-yourself projects can be very rewarding if you have the patience and wherewithal to complete them. For those interested in a good, cheap DIY project that, once completed, could come in handy for future projects, we offer ideas for making your own CNC milling machine.
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How to Make the Most of Your Invention
Developing a new product goes far beyond the invention itself. Here we look at some of the ways DIY inventors, designers and engineers can reap the benefits from their creative efforts.
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8 Quick Tips for Managing Your Time
Sometimes the days just aren't long enough. Consider these eight practical ideas for how to master your workflow and stay organized or, simply put, how to get things done.
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Turning Business Failure into Success
Everyone experiences a letdown at work from time to time, but a bungled assignment or project failure doesn't always have to become a long-term problem. In fact, there are numerous ways to turn a workplace failure into a success.
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Expert's Corner: Bart Aslin (SME-EF) on Tomorrow's Engineers
IMT recently picked the brain of Bart Aslin, director of the Society of Manufacturing Engineers - Education Foundation, to get his take on introducing young people to careers in manufacturing, engineering, science and technology.
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The Latest Walk through the Inventors Hall of Fame
Every year, the National Inventors Hall of Fame inducts a new group of influential and groundbreaking figures from the worlds of science and engineering. In the lead-up to the 2010 induction ceremony, here we look at some of last year's inductees.
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How to Make Room for Big Ideas
Breakthrough thinking starts with creating an organizational culture open to change. Yet in practice, leading a change initiative that fosters a culture of "trying something new" can be a daunting task.
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SMEs See Signs of Recovery
Despite a challenging year, small and mid-sized manufacturers are more optimistic about their prospects for 2010, setting the groundwork for a more positive long-term outlook.
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Recommended Reading
Part social criticism and part personal exploration, Shop Class as Soulcraft, from motorcycle-repair shop owner Michael Crawford, makes the case for working with one's hands to make and fix things.
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March 29, 2010
Weekly Industry Crib Sheet: U.S. Slips in Global Network Readiness
Plus: Q4 GDP Growth, Falling Jobless Claims and Conveyor Industry Shipments in 2009.
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March 26, 2010
Light Friday: Unintentional Entrepreneurs
Plus: The Vanishing Island, Robotic Hummingbirds and Nature by Numbers.
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March 25, 2010
Despite Recalls, Auto Sales Poised to Surge
Despite a recent spate of recalls among several major automakers, projections indicate that car sales may increase significantly in March thanks to new incentives designed to compensate for sales losses.
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March 24, 2010
Global Steel Output Up 24% from Year-Ago Level
World crude steel production rose to 108 million metric tons in February, more than 24 percent higher than the year-ago level, according to the World Steel Association.
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March 23, 2010
Manufacturing Recovery Gaining Momentum
The manufacturing sector is expected to see a stronger recovery over the next two years than the broader U.S. economy, though much of the upswing may be due to disproportionate manufacturing losses during the recession, a new report shows.
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March 22, 2010
Weekly Industry Crib Sheet: House Passes Health Care Reform Bill
Plus: Producer Prices Fall in February and U.S. Reevaluates Trade Links with Asia.
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March 19, 2010
Light Friday: More Far-Fetched Excuses for Tardiness
Plus: NASA Movie Posters, a Flying Hovercraft and MORE.
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March 18, 2010
Industrial Production Edges Up, While Manufacturing Output Falls
Industrial output picked up slightly in February, though extreme winter weather hindered manufacturing growth.
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March 16, 2010
The Impact of Job Satisfaction
Several reports indicate that employees are becoming more distracted, anxious or dissatisfied about their work, and that many are looking to change jobs as the economy improves. Meanwhile, these disengaged employees are costing their employers. In the wake of cost-cutting and layoffs, it might seem natural to relegate workers' lethargy to the bottom of the priorities list. However, even with the unemployment situation being what it is, engaging and retaining employees should be a top concern.
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Dear Employees, Keep Complaining
When addressing employee morale, satisfaction and retention, knowing what disenchants workers in their jobs is half the battle. Listening to employees and taking their complaints to heart can help them be more engaged with their responsibilities.
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How to Build Customer Engagement
Customer engagement is a crucial part of establishing a loyal client base, maintaining market share and setting the groundwork for greater profitability. To retain a competitive advantage, businesses need to engage with their customers at several levels.
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Improving Your Product through Collaboration
In today's complex product-development cycles, multiple teams and departments often coordinate their efforts to create the best results. Community collaboration is a vital part of this process.
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Engineering for Disaster
Recent earthquakes highlight the importance of disaster preparedness. Engineers, scientists, architects and designers are well positioned to develop the tools and technologies to save lives.
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Lean or Six Sigma: Which is More in Demand?
Lean and Six Sigma techniques are lauded for driving out waste and reducing variation in many business processes. But which skill-set is in higher demand?
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Make the Most of Your Performance Review
Rather than worry about an upcoming performance review, consider these ways both employers and employees can prepare to ensure a smooth process.
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Recommended Reading
In Drive, management guru Daniel Pink elaborates on past motivational studies indicating that subjects will work more persistently to master an interesting task rather than to gain a reward.
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March 15, 2010
Weekly Industry Crib Sheet: White House Lays Out Export-Redoubling Plan
Plus: Trade Gap Narrows, Retail Container Traffic Accelerates and MORE.
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March 12, 2010
Light Friday: Unhappy Workers and their Bosses
Plus: Useless Inventions, iPhone Addiction, Symphony of Science and MORE.
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March 11, 2010
RFID Market Projected to Grow in 2010
Despite challenging economic conditions, the RFID industry grew last year and is expected to continue expanding in 2010, according to new reports. Will this growth be sustainable given the obstacles to RFID technology adoption?
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March 10, 2010
Initiative Aims to Boost Re-shoring
Three manufacturing trade associations have announced an initiative to raise the profile of "re-shoring," also called onshoring and backshoring, in an effort to prove to large manufacturers the benefits of domestic sourcing.
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March 9, 2010
Manufacturing Tech Consumption Down in January
Consumption of U.S. manufacturing technology declined in January, ending a three-month upswing in orders for machine tools and related equipment, though sales remain significantly above year-ago levels.
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March 8, 2010
Weekly Industry Crib Sheet: Modest Economic Growth Despite Severe Winter Weather
Plus: Jobs Decline Slows, Work Productivity Rises and Automotive Recalls Continue.
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March 5, 2010
Light Friday: Ridiculous Interviewing Mistakes
Plus: Breakthrough Student Science, 3-D Television, the Most Addictive Sounds and the Latest in Robot Acting.
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March 4, 2010
Developing Earthquake-Proof Buildings
Destructive earthquakes in Haiti and Chile recently highlight the importance of engineering and testing earthquake-proof systems.
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March 3, 2010
Manufacturing Grows for Seventh Consecutive Month
U.S. manufacturing expanded for the seventh month in a row in February, with particularly promising gains in employment, though growth in several other key indicators is beginning to slow down.
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March 2, 2010
2010 Energy Outlook
Energy usage will be a critical factor in the future of the industrial sector, not to mention the U.S. economy as a whole. Power generation and distribution, energy pricing and consumption, and raw-materials availability all remain key concerns, particularly as many businesses continue to focus on keeping costs low, minimizing production delays and meeting demand levels. Examining near- and long-term projections, IMT looks at prospects for the energy sector and what they will mean in 2010 and beyond.
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The State of the Metals Industry
The metals industry has made sizable gains in recent months, following a period of declining output and sluggish demand. As shipments and orders rise, a stronger recovery for metals seems to be taking shape.
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5 Easy Ways to Cut Small-Biz Energy Bills
Most small businesses, whether operated from home or elsewhere, have energy expenses. Here are some practical steps for small businesses looking to minimize those costs and become more energy efficient.
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Obama Turns Attention to New Nuclear Power
Last month, President Obama announced billions of dollars in federal loan guarantees for the construction and operation of the first new U.S. nuclear power plant in almost 30 years.
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Burning Question
President Obama recently announced conditional commitments for a total of $8.33 billion in loan guarantees for the construction and operation of two new nuclear reactors at a plant in Georgia. The project is "only the beginning" for nuclear power in the U.S., the president said.
Is the U.S. ready for a nuclear power revival? Let us know what you think in the comments section below.
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Miniature Materials with a Big Impact
Breakthroughs in nanotechnology could have major effects on a wide range of industries. As nanomaterials become more sophisticated, they will likely play an increasingly larger role in manufacturing, computer processing, energy generation and the biotech market.
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Manufacturers Claim China Dodges Anti-Dumping Duties
A new coalition of U.S. steel wire producers says it has "compelling evidence" of how certain manufacturers in China and elsewhere are evading anti-dumping duties.
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Feeling SAD? There's Light Ahead
While it's normal to have a gloomy day occasionally, if you're having these feelings for weeks at a time, you may have Seasonal Affective Disorder, or SAD. Light therapy is the most common treatment.
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Recommended Reading
Poorly Made in China is a dramatic, and sometimes humorous, travelogue through China's export manufacturing sector, one that reveals what really goes on behind the scenes.
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March 1, 2010
Weekly Industry Crib Sheet: Senate Approves $15 Billion Jobs Bill
Plus: Durable Goods Orders Increase, Global Trade Contracted in 2009 and Material-Handling Equipment Growth Expected.
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February 25, 2010
Long-Term Recovery Hinges on Consumer Demand
While many companies are emerging from the economic downturn with a renewed focus on stability and profits, employers and executives remain cautious about long-term prospects, particularly on the global level, new reports show.
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February 24, 2010
2010 Global Outsourcing Trends
In 2009, cost cutting was one of the most influential drivers in the outsourcing market. Here we look at the developments likely to shape the outsourcing world in 2010.
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February 23, 2010
Industrial Production Rose in January
U.S. industrial production rose for the seventh consecutive month in January, largely due to increased business activity in the manufacturing, mining and utilities industries.
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February 22, 2010
Weekly Industry Crib Sheet: Federal Funding Headed to New Nuclear Energy
Plus: Freight Market Expands, Cargo Theft Rises and OECD Area Shows Strong Q4 Growth.
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February 19, 2010
Light Friday: What Your Handshake Says About You
Plus: Physics Analysis through Chocolate, Laser Missile Defenses, a LEGO Puzzle-Solving Robot and the Risk of Being Bored to Death.
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February 18, 2010
Violence Prevention in the Workplace
Recent news headlines underscore the serious concern of workplace violence today. Establishing a positive workplace environment and knowing what warning clues to look for goes a long way in workplace violence prevention.
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February 17, 2010
U.S. Science and Engineering Report Card
The state of science and engineering in the U.S. is strong, yet the nation's lead is shrinking, according to the latest report from the National Science Board. Based on a wide range of data - from R&D spending to higher-education trends in science and engineering fields - the group's Science and Engineering Indicators 2010 report suggests that U.S. dominance of world science and engineering has deteriorated significantly in recent years, due in large part to rapidly increasing capabilities in China and other Asian economies.
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Rethinking Our Approach to Infrastructure
Improving U.S. transportation, communication and energy distribution networks is a vital concern, but new reports suggest we rethink how infrastructure projects are engineered before any long-term overhauls begin.
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Top 5 Civil Engineering Projects of the Year
The American Society of Civil Engineers recently announced five finalists for the group's annual Outstanding Civil Engineering Achievement award. The results are difficult to dispute.
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Diverse Prospects for R&D Funding
Although the U.S. remains the global leader in research and development (R&D) funding, recent data indicate that critical technologies will be developed on an equally strong global basis, with no one country dominating.
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Expert's Corner Q&A: Blaine Leonard
In this Expert's Corner, Blaine Leonard, 2010 president of the American Society of Civil Engineers and this year's co-chair of National Engineers Week, discusses the challenges and opportunities faced by 21st-century engineers.
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What NASA's New Budget Means for Aerospace
The latest NASA budget will redirect the focus of the space program, increasing funding for certain initiatives while scaling back on others. What do these changes mean for the aerospace industry as a whole?
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Is BIM the Next Construction Standard?
Building information modeling (BIM) is increasingly becoming the design standard for architectural and construction engineering. Adopting BIM technology and tools is likely to be a future priority.
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The Country's Best Engineering Schools
Acquiring an education in engineering can be a difficult but rewarding endeavor, both professionally and personally. Here we look at some of the top schools for those interested in entering an engineering field.
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Recommended Reading
In Switch, the authors of Made to Stick address motivating employees, family members and ourselves in their analysis of why we so often fear change.
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February 16, 2010
Weekly Industry Crib Sheet: The Widening U.S. Trade Gap
Plus: Toyota's Recall Woes, Mixed Employment Signs and Robot Orders in 2009.
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February 12, 2010
Light Friday: 2010 Valentine's Day Figures
Plus: Top Office Annoyances and a Tour Inside the International Space Station.
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February 10, 2010
7 Tips for Productive Telecommuting
If your area has been hammered by winter's icy fury and your employer offers the opportunity to work from home, then consider these basic tips for telecommuting success.
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February 9, 2010
Manufacturing Tech Sales Down in 2009
Consumption of U.S. manufacturing technology rose in December, the third consecutive month of growth in orders. Overall sales for 2009, however, still remained well below 2008 levels.
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February 8, 2010
Weekly Industry Crib Sheet: Details of the National Export Initiative
Plus: U.S. Manufacturing Slips in Competitiveness, Factory Orders Rise, Jobless Rate Drops and U.S. and Canada End "Buy American" Dispute.
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February 5, 2010
Light Friday: Super Bowl XLIV by the Numbers
Plus: Carbon Credit Thieves, Spiderman Shoes and Flying Penguins.
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February 4, 2010
How Engineers and Designers Can Help Haiti
Following last month's tragic earthquake in Haiti, which took hundreds of thousands of lives, many people have given generously to Haitian earthquake victims. Engineers and designers can also play a role in rebuilding the impoverished nation, a task expected to be long-running.
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February 3, 2010
Manufacturing Sector Expands in January
The U.S. manufacturing industry expanded for the sixth consecutive month in January, posting major gains and strengthening the sector's role within the economic recovery, new reports show.
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February 2, 2010
Leading into Recovery and Beyond
The U.S. economy is gradually recovering from the downturn, yet business leadership is more important than ever before. Although several sectors have begun to rebound or have halted their decline, profitability growth remains slow and fragile for many companies. As the recovery gains momentum, the responsibilities of good leadership have increasingly shifted from allaying employee fears and stakeholder concerns to inspiring confidence in future prospects. Managers who adapt to these changing trends stand the best chance of leading their organizations into a position of financial strength.
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Who Will Inherit the Business?
Succession planning and the development of new leaders remain a priority in the changing economy. A sound succession plan can be a prudent step for most small business owners and is essential for some.
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Still Employed...Still Dissatisfied
Americans fortunate enough to have avoided layoffs may be grateful to have a job, but it doesn't mean they're happy with it. For employers, addressing worker dissatisfaction may be more urgent now than it was in prosperous times.
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The Value of "Managing Up"
As promotion and compensation freezes slowly thaw, making a good impression on your boss will become a higher priority. "Managing up" can help you prove your worth.
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Expert's Corner: Mike Keating on 2010 Government Budgets
In this Expert's Corner, Michael Keating, senior editor for Government Product News, discusses the future of federal stimulus spending and what businesses can expect from government procurement.
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Can't Give Bonuses? Try Recognition
Tough economic times require management to think creatively about rewarding and retaining employees, which is why many managers are leveraging non-monetary means, such as employee recognition, to motivate their workforces.
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Achieve More While Doing Less
When confronted with a daunting quantity of work, it may help to concentrate less on time and more on efficiency. Some say working smart beats working more. Here are some ideas for working better, not harder.
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Mining Heat: Geothermal Science
Energy prices have long been a concern for businesses and government, and while there are many types of energy generation projects currently in development, advances in geothermal power make it an increasingly appealing solution.
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Recommended Reading
The best leaders inspire others by setting an example and following through, Alan Deutschman explains in Walk the Walk. In business and in life, actions speak louder than words.
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February 1, 2010
Weekly Industry Crib Sheet: State of the Union Focuses on Jobs
Plus: Recalls Tarnish Toyota's Reputation, U.S. GDP on the Rise and 10+2 Enforcement Takes Effect.
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January 29, 2010
Light Friday: Coworkers' Crazy Antics and a Close Encounter with Mars
President Obama told us that we have no money and Steve Jobs told us how to spend it. The State of the Union address and the announcement and presentation of Apple's iPad seem to have blotted out the rest of the world's news this week. But other stuff happened. Really.
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January 28, 2010
Workplace Finger-Pointing is Contagious
Passing along blame is contagious and the problem can be particularly harmful within the workplace, according to a new study. Has your company caught the blame contagion?
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January 27, 2010
Policy Changes Proposed for Renewed Manufacturing
Three new reports from industry trade groups and the government reaffirm the importance of manufacturing to the U.S. economy and highlight policy and investment actions to tackle rising challenges.
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January 26, 2010
Global Steel Production Declined in 2009
Steel production in most major steel-producing nations fell last year, with few exceptions. As shipments continue to decline, the steel industry is expected to face another challenging quarter.
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January 25, 2010
Weekly Industry Crib Sheet: Larger Manufacturers Less Affected by Downturn
Plus: Global Container Freight Rates, Productivity Around the World and DARPA's New Interest in Industry.
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January 22, 2010
Light Friday: Odd Interview Questions
Plus: Building Snail Shell Armor, Managing Traffic with Slime, Printing Food from Home and Relating to Robots.
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January 21, 2010
Strategic Actions to Improve Food Safety
Food safety and traceability have been important issues for years. Although improvements have been made to ensure safety throughout the product value chain, manufacturers must continue to re-examine their processes to reduce the impact of food safety incidents.
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January 20, 2010
Manufacturing Tech Consumption Grows in November
Consumption of U.S. manufacturing technology increased in November, continuing a three-month upswing in orders for machine tools and related equipment, though sales remain significantly below prior-year levels.
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January 19, 2010
2010 Industrial Forecast
While the many people out of work would understandably dispute reports of an improving economy, the U.S. has technically exited the recession. Now a growing catalog of data indicates encouraging business conditions in the industrial sector, on the back of several months of steady gains in manufacturing. 2009 was an extremely challenging year for most, and industry leaders expect a slow and fragile recovery. Yet the nation's business outlook is garnering louder voices of optimism.
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Top Business Ideas for the Year Ahead
As the economic recovery gains momentum, new profit opportunities are expected to emerge. Here we look at some of the coming business trends and new ideas for 2010.
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A New Year of Supply Chain Challenges and Opportunities
A volatile economy will make risk management more of a permanent factor for supply chain managers, and, moving forward, the usual approach to possible disruptions simply won't do.
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Employment Outlook 2010
Near-record unemployment numbers, fewer available jobs and heightened competition for positions - these were hallmarks of 2009. Will U.S. employment woes turn around in 2010?
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Expert's Corner: Q&A with MAPI's Cliff Waldman
In this edition of Expert's Corner, Cliff Waldman, an economist and council director at the Manufacturers Alliance/MAPI, discusses the challenges and opportunities manufacturers can expect to face in 2010 and beyond.
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Fighting Job Burnout
As employees struggle with larger workloads and less job security, burnout is more common than ever. What are the signs and symptoms of job burnout, and how can workers combat it before it becomes a serious problem?
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Finally, Positive News for (Some) Automakers
While vehicle sales fell 21.2 percent last year, some automakers ended one of their worst years in decades on a positive note. The latest industry data indicates that December auto sales surged more than 15 percent from the same month in 2008.
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5 Green Building Trends to Watch
2009 was a tough year for the building industry. Yet green building has been a rare bright spot, according to a new report. Engineers and architects may want to take note of the following emerging trends.
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Recommended Reading
As John Mullins and Randy Komisar explain in Getting to Plan B, new businesses are fraught with uncertainty. To succeed, you must change the plan in real-time as the inevitable challenges arise.
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January 18, 2010
Weekly Industry Crib Sheet: Industrial Output Rises for Sixth Month Straight
Plus: Trade Deficit Widens, Administration Claims Stimulus Plan Succeeded and New Food Deputy Appointed at FDA.
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January 15, 2010
Light Friday: Is Reviewing Your Boss's Performance Healthy?
Plus: Oil Droplets Navigating Labyrinths, India Developing Space "Kill Vehicles" and an Avalanche Occurring on Mars.
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January 14, 2010
Employee Benefits Top of Mind in 2010
Although many businesses continue to scale back on expenses due to current economic conditions, maintaining employee benefits programs is likely to remain a top priority in 2010.
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January 13, 2010
Touch-Points of Responsible Sourcing
Challenging though it may be, responsible sourcing can be a manageable method for becoming a more sustainable business, especially for suppliers and retailers. Recent examples show practical ways of responsible sourcing throughout the global supply chain.
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January 12, 2010
Outsourcing Changes Direction
While the U.S. employment market struggles to stabilize and begin creating new jobs, the global outsourcing and offshoring market continues to expand, with much of the growth shifting to new areas of the world.
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January 11, 2010
Weekly Industry Crib Sheet: Stricter Health Standards for Smog Proposed
Plus: U.S. Factory Orders Make Gains, Job Losses Climb and Steel Imports Face Declines.
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January 8, 2010
Light Friday: A Decade of Dumb Products
Plus: Record-Breaking Pi Calculations, Translating Thoughts into Speech, P&G's Open Innovation Network and the World's Most Useless Machine.
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January 7, 2010
New Duties Imposed on Chinese Steel
In an escalation of the ongoing China-U.S. trade clash, the U.S. last week imposed new duties on imported Chinese steel pipes targeted for unfair subsidies.
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January 6, 2010
Supply Chains Prioritize Visibility
The increasing complexity of the global supply chain presents numerous cost and performance challenges. New reports highlight the importance of improving visibility along distribution lines to help meet the rapidly shifting landscape of supply chain management.
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January 5, 2010
Looking Back: The Year in Industry
The economy's impact on demand, production and employment remained 2009's biggest story in manufacturing. As the recession entered its second year, belt-tightening became a necessity and industrial companies had to take a hard look at their priorities, many re-examining their business model in light of unprecedented challenges. Late in the year, as some sectors started to show so-called green shoots, "cautious optimism" became the favored phrase across industries and markets.
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10 Exciting Inventions and Breakthroughs of 2009
Despite concerns of cost-cutting's impact on innovation, 2009 marked another important year for scientific discovery and engineering advancement. Here we look at some of the exciting and surprising developments from the previous year.
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What We've Learned from the Economic Crisis
The economic crisis took a heavy toll on U.S. businesses last year. As conditions improve and sectors begin to recover, what lessons can be drawn from the downturn? Can they show us how to avoid similar challenges in the future?
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A Year of Odd, Dumb and Strange Things
Toxic perfume, breaking the Internet and bombing the moon 2009 marked another year of office oddities, bungled business and strange science.
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Are Importers Ready for the 10+2 Rule?
As the Jan. 26 enforcement deadline for the "10+2" rule quickly approaches, a new report assesses U.S.-based importers on their compliance efforts toward the importer rule. Are the businesses that depend on importers and carriers prepared?
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How to Set (and Stick to) Your Goals
Establishing new goals is an important part of professional and personal development, but following through on them can be a challenge. A more systematic approach can help ensure that you stick to your objectives.
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Best of Recommended Reading 2009
From a year's worth of Recommended Reading selections, the following are the 10 books IMT readers found especially appealing. Pick one up, get comfortable and dive into some interesting and informative literature.
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Recommended Reading
The dozens of top-performing leaders interviewed for 2009's The Upside of the Downturn reject the common view that slashing costs and firing employees are all that matter. Instead, they've seen the recession as a rich opportunity for future growth.
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January 4, 2010
Weekly Industry Crib Sheet: Consumer Confidence Rises on Holiday Retail Sales
Plus: Chinese Growth Continues, Eurozone Manufacturing Climbs, U.S. Takes Over GMAC and MORE.
