Metal fabrication — the process of building machines and structures from raw metal materials — includes cutting, burning, welding, machining, forming, and assembly to create the final product. Like many other trades, the industry’s profitability relies on economic growth to thrive. One shift that has occurred since the last recession is that shops are moving [...]
If you’re a manufacturer, you know the industry never stays the same for long. New procedures, technologies, and practices are introduced at a maddening pace — making it challenging to keep up, but there are benefits to doing so: working faster and more efficiently to remain competitive and profitable. What are the biggest recent changes [...]
The manufacturing sector has been helping carry the U.S. economy and drive growth in 2018. While the near-term outlook for that trend to continue is strong, there is growing concern about 2019 and beyond, according to many economists. An article from the Association of Equipment Manufacturers notes a number of warning signs suggest significant economic [...]
Your small manufacturing business might be surviving today, but what will it take to get you to the next level? The answer to that question is many things — since there are a variety of “spokes” that need to be perfectly placed in your “wheel” to maintain efficiency and support growth. Capital is required to [...]
While there are many different types of manufacturing, its definition — from BusinessDictionary.com — encompasses them all: The process of converting raw materials, components, or parts into finished goods that meet a customer’s expectations or specifications. Manufacturing commonly employs a man-machine set up with division of labor in large-scale production. Why Manufacturers Need Financing Regardless [...]
As technology evolves, electronics manufacturers are faced with the need to be flexible and adaptable to keep up with constantly changing customer demands. Smart electronics devices continue to grow in popularity, and pressures are mounting for green electronics manufacturing. There’s also a push for energy-efficient electronics, forcing manufacturers to develop new methods to produce devices [...]
For U.S. manufacturers, implementing or enhancing their digital strategy and assessing the impact of the new tax laws on their business strategy should be high on their priority list this year. These two things are actually interrelated, since the decrease in the corporate tax rate should free up money to invest in digital transformations — [...]
