Although many companies have a limited view of contract manufacturing, manufacturing leaders have recognized the benefits of using it as a part of their long-term production strategy. These benefits can be particularly important in an economic environment characterized by rising customer expectations, growing complexity and ever-increasing volatility.
Information without context is just noise. The best way to filter the noise is to ensure that each plant function — operations, maintenance, safety, etc. — has clear, up-to-date information on how it can contribute most effectively to safe, successful operation. Although each role operates within multiple contexts, automation systems can offer useful assistance.
If you’re not open to letting suppliers into your plant, your competition may be – and then skipping these kinds of service offerings goes from a missed opportunity to a threat to your competitive advantage.
Notice anything about your workforce? Some of them may be graying and soon preparing to retire. The age of your workforce represents a good opportunity for qualified younger employees to step in and launch their career. The problem you face is finding that young person...
Recent growth in the manufacturing industry has exposed a trend that threatens future growth: a shortage of manufacturing talent. Advancing technology combined with aging workforces, negative perceptions of the market and a lack of up-and-coming workers make it more important than ever for companies to focus on employee recruitment and retention.
More and more Americans claim to be informed about where their energy comes from, but does that knowledge translate into behavior? A poll conducted in February shows that the majority of Americans make small efforts to save energy, but larger lifestyle changes have yet to materialize.
Unsurprisingly, many are using the West Viriginia chemical spill to push the government to tighten chemical regulations across the country. The typical reaction to this kind of incident is to demand increased transparency - but is that the real problem? And is it a real solution? A new report lays out some of the myths and facts surrounding the spill and the media frenzy that followed.
Many small manufacturers have good sales records but rarely keep summaries of profitability. For many manufacturers, the focus is a bit more on production, customer service, safety and labor — and a bit less on the margins that take up the white space in between. But it’s hard to just “be profitable” without taking into consideration the millions of variables that contribute to the success or failure of a company...
Even in our turbulent global economy, the popular idea of declining farms and factories is largely unfounded. UN and World Bank data show that food and manufacturing output are growing everywhere, but remain hidden by the faster-growing services sector.
With the U.S. on the verge of entering the conflict between Russia and the Ukraine, Obama and Congress are eyeing natural gas exports as a way to rein in Vladimir Putin from reclaiming border territories. We are now faced with the choice to let natural gas serve as a geo-political tool to enable a global energy transformation or a modern weapon to settle disputes.
Serialization and traceability can be powerful tools to combat drug counterfeiting and the pharmaceutical grey market. This is hardly a new concept, and many voices have been raised in their favor. But not all players in the pharmaceutical industry have rushed to implement them.
Concerns over toxic substances in everyday life have been around since Rachel Carson penned "Silent Spring" more than a half-century ago. But getting these chemicals out of products and supply chains has been slow-going, especially as government regulation of such chemicals has been timid. Regulation by the marketplace is another matter.
Earlier this month one of Chevron's fracking well pads exploded and caused a deadly fire near a small town in Pennsylvania. Since, the apology letters and coupons for free pizza have met with a great deal of internet scorn. Is there a "right" way to apologize for this kind of accident and what will this viral snafu mean for Chevron?
Seeing China’s manufacturing sector shrink is a trend that excites Americans, although it may not actually alleviate much of the pressure around an unemployment rate of 7.3 percent. The reality, according to many experts, is that the phenomenon is more one of nearshoring as many of these businesses — along with their jobs — head to Mexico.
Increasing networking of manufacturing equipment is opening up factories to the benefits of flexible production and wireless mobile communications. However, the rising use of connected devices is also exposing production sites to security breaches and cyber-attacks, compelling companies to seek ways to protect their networks.