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Are Business Leaders Addressing The Internet of Things Security Issue?

The Internet of Things (IoT) is a buzzword that’s quickly become reality, especially in the manufacturing industry. Businesses are realizing how much they stand to gain from mass connectivity. However, one very important aspect of the IoT has been greatly overlooked and it's causing some to worry about the future. Cybersecurity, especially IoT security is a topic often put on the backburner in ...

Reshoring Manufacturing Employment: Taking A Closer Look

Reshoring is a term heard often throughout the modern manufacturing industry. Bringing jobs that were once outsourced to other countries back to the United States is the ultimate goal. The modern manufacturing industry calls for a new kind of workforce, highly skilled and educated, a perfect fit for Americans. Increasing foreign labor costs and an increasingly complex supply chain is enticing ...

OPEC Meets To Discuss Production Cap Extension: Major Announcement Made

Some of the most prominent crude oil producing nations gathered today, Monday 7/24 in St. Petersburg, Russia to discuss the extension of the Organization of Petroleum Exporting Countries (OPEC) production cap. News broke that the production cap could extend beyond next year’s first quarter if prices continue to remain volatile. Beginning on July 1st, 2017 OPEC agreed to put a cap on produc...

US-China Trade Tensions Increase After Lackluster Talks

Officials from the U.S. and China wrapped up their talks on the controversial economic issues that are dividing the nations. Unfortunately, the two countries finished the talks without announcing any breakthroughs on the matters at hand. Few expected much from the talks but even with low expectations the event still held disappointing results, indicating further strains for both sides. It was ...

Weekly Wrap Up for July 21st, 2017

Manufacturing is strong in all the major economies, including the U.S., Canada, Mexico, Asia (both China and Japan), the UK and the EU. Here from the National Association of Manufacturers Chief Economist Chad Moutray, Senior International Correspondent for Manufacturing Talk Radio Royce Lowe covering the UK and EU, and Chong Wang, Senior International Correspondent covering Asia as they ...

White House Details Objectives for Upcoming NAFTA Negotiations

A comprehensive and detailed summary of the objectives for the upcoming renegotiation of the North American Free Trade Agreement (NAFTA) has been released today. This summary was made available by United States Trade Representative, Robert Lighthizer, who also detailed that through the renegotiation of NAFTA the U.S. hopes to find a much better agreement that is fair for all Americans. The ...

Metal 3D Printing: One Step Forward

Hopes are high that additive manufacturing, better known as 3D printing, will continue to advance in order to expand modern manufacturers capabilities. There is a host of companies out there doing their part to improve the technology and offer manufacturers equipment that can benefit their operation. One company in particular, Desktop Metal is doing incredible things for 3D printing technology ...

OPEC Drastically Increases 2040 Electric Vehicle Forecast

Electric cars are starting to find their way into the hands of the everyday consumer and the world’s largest oil producers have started to take notice. Seeing this new technology as a huge threat, OPEC quintupled their forecasts for sales of plug in electric vehicles (EVs). According to a study from Bloomberg New Energy Finance (BNEF), Exxon Mobil Corp. and BP Plc. have also revised their ...

Manufacturing On The Mind: White House Announces “Made in America Week”

The White House announced that the coming week will be dubbed “Made in America Week”. As the U.S. continues to make a push to bolster American manufacturing, President Trump continues to try to get the word out about this important industry. Speaking in front of reports in Bedminster, New Jersey, White House director of media affairs Helen Aguirre Ferre discussed the initiative and what ...

Hyperloop Takes Another Step Forward: Latest Test Was A Success

Aging infrastructure in the United States of America has slowed supply chains, causing the American manufacturing industry to suffer. Some of the rail lines that stretch across the country are even over a century old. However, Elon Musk's latest brainchild, the Hyperloop could be the next revolution in the industrial supply chain and even be an asset to passenger travel as well. Hyperloop One, ...