Industry Trends: Business & Industry

Business & Industry

From Engineering.com: Materials Control in Complex Products

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.  text text [embed]http://www.youtube.com/watch?v=6qKAyG6BPCw[/embed] Check out more Engineering.com videos on IMT below: Is...

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Business & Industry

Using Social Media to Minimize Impact of a Recall

In the event of a manufacturer's recall, fixing a damaged product may be the least of the concerns that needs to be addressed. Customer safety and brand reputation that could impact the bottom line for a long time could be at stake. The good news is that social media has redefined how manufacturers can effectively manage such a crisis. Social media enables manufacturers to put out a message that...

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Business & Industry

Light Friday: How Money Helps Us Trust Each Other

Plus: Jurassic Prank Makes All Other Pranks Look Weak Scientists 3D Print Bio-Robots GE Creates Its Own (Mini) Sun A Dose of Pun  Money is often linked to power and even stress, but researchers have found that money helps instill trust among strangers, which can help modern societies prosper. The findings were published in the Proceedings of the National Academy of Sciences. Gabriele Camera of...

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Business & Industry

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

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. By looking at job vacancies, wage data, and surveys of 100 companies with U.S. manufacturing operations, the...

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Business & Industry

Recycling Frack Water Is an Industry Priority

Oil 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...

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Business & Industry

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

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.  USVs are robotic craft...

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Business & Industry

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

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...

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Business & Industry

Lifecycle Analysis Takes the Long View

These days, companies are being swept up, willingly or otherwise, into the concepts of corporate social responsibility (CSR) and environmental sustainability. For financial, practical, and even brand-image reasons, they are taking the long-term view of their operations and products -- that their activities shouldn't be borrowing from the future or placing an undue burden on future...

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Business & Industry

Report: Higher Earnings for New Hires in Manufacturing

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). Despite recent employment downturn in the manufacturing industry, which lost over 2 million workers during the 2007-2009 recession, new ESA...

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Business & Industry

Will Immigration Reform Affect Manufacturing Wages?

Debate on immigration reform continues to rage with strongly divergent opinions about how such legislation would affect the economy and national security. Among the concerns of American workers is whether an influx of legal foreign workers could instigate a drop in manufacturing wages.  Two months ago, the U.S. Senate passed immigration reform legislation that would provide permanent residence...

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