Manufacturing

The April PMI is 1.5% above the 12-month average of 47.7, with March’s 50.3 marking the high over that period and June 2023 marking the lowest, at 46.4.

The report’s benchmark metric, the PMI, came in at 49.2 (a reading of 50 or higher indicates growth), down 1.1% from March’s 50.3 reading. ISM added that the overall economy grew, at a slower rate, in April, for the 48th consecutive month.

Fueled by U.S. consumer demand for semiconductors, South Korea continues to make huge inroads as China fades.

SAP's new AI-driven enhancements will leverage real-time data, enhance product development, and bolster manufacturing effectiveness.

While President Biden continues to invest in U.S. manufacturing, job opportunities are simply not keeping up with the industry's growth.

Microsoft hopes its new AI innovations are the answer to a new set of challenges facing manufacturers.

Supplyframe CMO Richard Barnett discusses countries moving away from China for manufacturing and why Malaysia is a great alternative.

Apple plans to increase investment in Vietnam to strengthen its supply chain and reduce dependence on Chinese manufacturing.

Nissan has joined other carmakers in adopting Tesla's gigacastin. The process will cut costs as the Japanese carmaker has plans to roll out 30 new models by 2027.

Despite economic challenges, U.S. factory production rose in March, led primarily by the automotive industry

In another boon for domestic manufacturing, President Biden awarded Samsung $6.4 billion for new semiconductor chip plants in Texas.

Peerless Research Group released its 40th annual salary survey of supply chain professionals. Check out all the findings--and a few surprises.

Following several tumultuous years, the automotive industry is looking at a steadier state in 2024.

A new study reveals that retailers and CPG companies still don't recognize AI's potential to manage shifts in consumer demand.

The US Government is giving $6.6 billion to the world's largest semiconductor manufacturer to build a fabrication plant in Arizona.