year : 2020 178 results

Weekly Wrap Up For August 7th, 2020

Institute for Supply Management®’s Report On Business® Series for July 2020. Hosts Lew Weiss and Tim Grady welcome Chair, Tim Fiore for a closer look at the factors that went into the Manufacturing Report On Business and this month’s PMI. Don’t miss this in-depth, exclusive interview available only on Manufacturing Talk Radio. The Trophy of American Manufacturing: The Dragon Returns The warm waters of the Gulf of Mexico provided a soft landing spot for the return of ...

Ford Beats Earning Expectations Despite Factory Closings

Automakers such as Ford have been struggling ever since the COVID-19 pandemic began. While at first there were disruptions to supply chains, the company also saw the closing of many of its factories due to the pandemic. Despite these setbacks and potential future ones, the company beat both Wall Street and their own expectations with its second-quarter earnings report. The report revealed that the company was profitable and reported fewer operational losses than were expected. Ford had also ...

Major Oil Producers Report Negative Second Quarter Results

The oil industry is one of the many different industries which has been hit hard by the COVID-19 pandemic. A reduction in travel demand, along with production disputes between OPEC and Russia earlier in the year meant there was a massive supply of oil with effectively no demand. While things have begun to stabilize elsewhere, newly released second-quarter reports show just how devastating these setbacks were. Royal Dutch Shell reported a massive $18 billion loss in the second quarter, ...

The Trophy of American Manufacturing: The Dragon Returns

The warm waters of the Gulf of Mexico provided a soft landing spot for the return of the Crew Dragon capsule. Suspended below four massive parachutes, the capsule looked a bit scorched after reaching a surface temperature of over 3,500 degrees. Surrounded by rescue watercraft, the capsule gently splashed down at 2:48 PM ET yesterday, marketing the completion of a historic mission and the beginning of a new era in the American space program. As covered in the June issue of Manufacturing ...

Tesla Officially Announces New “GigaTexas” Factory

For months, there’s been a good bit of speculation on where Tesla would choose to build their newest Gigafactory production plant. While many believed Texas would be the new spot, Tesla remained relatively dismissive of these rumors. However, their recent announcement shows that these rumors seem to have been correct after all. On Wednesday, the company officially announced that their newest factory would indeed be built in Texas and will be the largest one yet. The nearly 2,000-acre ...

Struggling Airline CEOs Warn Recovery Hinges On COVID Vaccine

It’s been no surprise that the air travel industry has been struggling since the COVID-19 pandemic hit. Many companies have lowered prices, canceled flights, and furloughed employees in an attempt to drum up interest and save on costs. Now, the executives are warning that the industry’s recovery depends on the development of a COVID vaccine. On Thursday, both American Airlines and Southwest Airlines announced another round of quarterly losses. American announced that they made $1.6 ...