Manufacturing Index Hits 3-Year Low

The nation’s manufacturing industry in November contracted for the first time in 36 months, dragged down by declines in production, new orders and raw materials inventory.  The Institute for Supply Management‘s PMI—an index of U.S. purchasing managers – fell to 48.6 percent, a decrease of 1.5 percentage points from the October reading of 50.1 percent.…

Cisco: Digital Transformation to Drive Profit Upside

San Jose, Calif. – Cisco (NASDAQ: CSCO) — Eighty-six percent of manufacturers view the transition from product-centric to service-oriented revenue models as a core part of their growth strategies. However, only 29 percent believe that services will grow faster than the product aspect of their business. A new Cisco study of 625 senior manufacturing decision makers across 13…

Six Trends Impacting the Manufacturing Supply Chain

Accounting for approximately 17 percent of GDP and 14 percent of employment globally, the manufacturing sector is the engine of global trade – 70 percent of the entire global trade volume stems from manufacturing companies. Against this background, supply chain concepts need to be regionalized, interconnected, more resilient and sustainable as well as more agile…

U.S. Manufacturing: Mixed Bag in October

The trifecta of a strong dollar, low oil prices and concerns about China continued to dog the U.S. manufacturing market in October. The domestic industry’s leading index, the Institute for Supply Management’s PMI, moved uncomfortably close to 50 — the dividing line between growth and contraction. The PMI in October measured 50.1 percent, down from…

U.S. Manufacturing Slides For Third Straight Month

The nation’s leading production index fell for the third consecutive month in September, reflecting ongoing uncertainty across manufacturing industries about the global economy. The Institute for Supply Management’s PMI declined to 50.2 percent in September, its lowest point since December of 2012. The PMI is hovering just above the point of contraction: a reading above…

Daimler, Renault-Nissan Break Ground on JV Plant in Mexico

Aguascalientes, Mexico — Aguascalientes plant to build next-generation premium compact vehicles for the brands Mercedes-Benz and Infiniti Production of Infiniti vehicles to begin in 2017 Production of Mercedes-Benz vehicles to begin in 2018 Daimler and the Renault-Nissan Alliance today broke ground for their joint-venture manufacturing complex, COMPAS (Cooperation Manufacturing Plant Aguascalientes), in Aguascalientes in central Mexico, which will build…

Conflict Minerals Ruling Ignites Compliance Confusion

Electronics manufacturers and component suppliers seeking guidance from authorities following a recent court ruling striking down a portion of the Conflict Minerals Rule will have to wait a while longer. While an industry organization representing suppliers and distributors believes the ruling may have eliminated the need for compliance with the legislation, some lawyers are advising…

Manufacturing Pace Slides on China & Currency Woes

It’s difficult not to be concerned over recent economic indicators and the stock market’s roller coaster ride, but the Institute for Supply Management, which tracks U.S. manufacturing activity, notes that domestic production expanded in August for the 75th consecutive month. Unfortunately, that expansion was at the slowest rate the country has seen since May 2013. The…

Mexico Leads Latin American Electronics Production

As electronics vendors continue to scout for the best locations to expand their production operations or open new facilities a new study shows that Mexico will continue to lead electronic manufacturing growth in Latin America through 2016. The Manufacturers Alliance for Productivity and Innovation (MAPI) Foundation’s biannual report examines the latest trends in Latin America’s…

July: Manufacturing Adjusts Growth Pace

After setting several high marks for the year to date in June, the domestic manufacturing industry adjusted its growth pace in July. A leading national manufacturing index, the Institute for Supply Management’s PMI, declined slightly from June to 52.7 percent. “The PMI was down 0.8 [percentage points] but still growing for the 31st consecutive month,”…