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Weekly Wrap Up for June 12, 2019

Another insightful leading indicator report is the Credit Manager’s Index with Dr. Chris Kuehl of Armada Corporate Intelligence, who reviews the data posted at www.nacm.org on the last day of each month from the organization whose members look 90-180 days into the future to how they will get paid for orders shipped. Tim Grady interviews Chris about the general direction of the economy and ...

Virgin Galactic Will Be The First Publicly Traded Spaceflight Company

Billionaire Richard Branson knows it’s going to take a lot of capital to get tourists into space. To make his dream of space tourism a reality he’s taking his company Virgin Galactic public. After he abandoned talks with Saudi investors last year in the wake of the murder of journalist Jamal Kashoggi, Branson made the decision to take the company public to raise the necessary funds. The ...

County College of Morris Awarded $4 Million to Lead Expansion of Apprenticeship Programs

For Immediate Release July 10, 2019 Grant from U.S. Department of Labor to Provide a National Model RANDOLPH, NJ – County College of Morris (CCM), recognized as a leader in the education of employees for advanced manufacturing, has been awarded a $4 million grant from the United States Department of Labor (USDOL) to expand apprenticeship programs for the industry. The USDOL’s ...

Manufacturing Bounces Back in June

After four consecutive months of minuscule gains and bigger losses, the manufacturing industry posted a gain of 17,000 jobs in June. Durable goods, products intended to last 3 years or longer, were responsible for a majority of the gains with 12,000 new jobs according to the Bureau of Labor Statistics. Manufacturers of computers and computer-related goods added 6,500 jobs with machinery ...

U.S. Hits Vietnam with 400% Tariffs On Steel

Earlier this week we published an article on the benefits reaped by Vietnam from companies shifting production to their country to escape the U.S. tariffs on products manufactured in China. Yesterday the U.S. Commerce Department imposed duties of over 400% on steel imported from Vietnam to the U.S. The Commerce Department said certain steel products forged in South Korea and Taiwan were being ...

Tesla Sets Record For Quarterly Deliveries

Tesla stock rose 7% in after-hours trading on Tuesday following their announcement that the electric vehicle manufacturer set a sales record for this quarter. Tesla delivered 77,550 of their Model 3 sedans. Industry analysts had predicted an average estimate of 73,144 according to Institutional Brokers' Estimate System (IBES)  data supplied by Refinitiv, a global provider of financial markets ...

China’s Loss Is Vietnam’s Gain

In the first four months of this year Vietnam has become the eighth largest import partner for the United States, surpassing Ireland, Italy, India and France among others. The trade war between the United States and China continues, forcing manufacturers to move production outside China to avoid paying ever-increasing tariffs on goods bound for the US. In the first four months of this year ...

Weekly Wrap Up For June 28th, 2019

Scott Ellyson, CEO and co-founder of East West Manufacturing joins Manufacturing Talk Radio to discuss the services they offer in the arena of industrial manufacturing, and how they can help develop a prototype or take a prototype into production, with all the advantages of a team of engineers and production people in the U.S. as well as 5 other countries to help their customers make, ...

3D Printed Performance Parts On Demand

One of the shortcomings in additive manufacturing has been the materials. Traditionally low-performance materials such as nylon, plastics or softer metals. Print Parts Inc. provides on-demand 3D printing using high-performing composite materials like Onyx, Nylon, Carbon Fiber, and Kevlar with its Markforged machines. The New York-based company has been providing 3d printing using traditional ...

Tesla Looking Into Manufacturing Its Own Batteries

The electric car manufacturer, Tesla, is looking into taking control of another essential part of their supply chain. This research is being done in a secret lab near its Fremont, California headquarters according to a report from CNBC. As of now, the company relies on Panasonic to produce the battery pack and cells that are in Tesla made vehicles, which is probably one of the most significant ...