Industry Market Trends

From Engineering.com: Materials Control in Complex Products

August 30, 2013

Complex supply chains can lead to unwanted or prohibited materials in your product. In this episode of Product Design Show, Vince Penman and Allison Toepperwein review how product design teams can meet regulatory and company goals for complex global products.  Read More

Industry Market Trends

EVs Are a Key Element of a Smart City

August 30, 2013

When we talk about sustainability, it’s important to talk about cities. Right now, half the people on the planet are living in cities. By 2050, that number is expected to grow to nearly 70 percent. And by 2100, according to the UN, 84 percent (of a projected population of 10.8 billion) will be city dwellers. Already, cities emit 80 percent of all greenhouse gases. So it’s important to learn how to build cities right. As Mike Calise, director of electric vehicles, partner business at Schneider Electric, put it, “The battle for our future is going to be won or lost in the cities.” I spoke with Calise about some of the challenges and opportunities associated with making cities smarter and the role that electric vehicles, something that Schneider Electric is keenly interested in, will play in turning this idea of a smart city into a reality.  Read More

Industry Market Trends

Recycling Frack Water Is an Industry Priority

August 29, 2013

Frack1Oil companies now have access to technology that enables them to recycle water used for hydraulic fracturing (fracking), according to a recent report from the Forum News Service. This is good news because disposing wastewater from fracking, in many instances, is expensive.

However, implementing the technology in the Bakken, a prominent region for fracking that covers parts of Montana, North Dakota, Saskatchewan, and Manitoba, “will take time as operators adjust to the new methods and regulators respond with new permitting rules,” the report says.

The process of fracking typically  involves shooting a highly pressurized mixture of water and sand or ceramics into an oil or gas reservoir several thousand feet underground, “often with the help of a small percentage of additives that aid in delivering that solution down the hatch,” explain officials from Halliburton, which drilled the first fracked well in the 1940s. Read More

Industry Market Trends

Drones’ Ocean-Going Cousins, USVs, Find New Market Opportunities

August 29, 2013

While the nation frets over the proliferation of unmanned aerial vehicles (UAVs, or drones), the market is expanding for unmanned surface vehicles (USVs), their seagoing counterparts. Advancements in communications and automation technologies are helping to reduce the cost of USVs, which are being sought to decrease reliance on manned crews for specific applications.  Read More

Industry Market Trends

Report: U.S. Manufacturing Skills Gap Crisis Is Overblown

August 29, 2013

Most of the nation’s largest manufacturing areas show no evidence of a substantial shortage of skilled workers, according to the Boston Consulting Group (BCG). The most serious gap is localized to a few key manufacturing areas, and most concerns are overblown for the near-term. Read More

Industry Market Trends

Report: Higher Earnings for New Hires in Manufacturing

August 28, 2013

New hires in manufacturing have an earnings advantage over new hires in other industries, pulling down 38 percent more cash than their non-manufacturing peers in 2011, according to the U.S. Commerce Department’s Economics and Statistics Administration (ESA). Read More

Industry Market Trends

How Does an Oil Company Rank Tops in Corporate Social Responsibility?

August 28, 2013

With Big Oil having effectively replaced Big Tobacco as one of America's biggest "bogeymen" to the general public, it would seem downright incongruous for a major petroleum company to be looked upon as a model of corporate behavior. In truth, however, it's really not that far-fetched. After the Deepwater Horizon spill, BP flooded the airwaves, showing people all the good work they have done to clean up the region, and the good works they do all over the world as an upstanding corporate citizen. And now, in a survey conducted this year by the global research and advisory firm Universum, an oil company has come out on top when it comes to corporate social responsibility (CSR).  Read More