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.
One of the many signals of the manufacturing renaissance in America is the growing practice of “reshoring.” A number of firms are bringing operations that they had located outside of the United States back to American soil. This is unquestionably good news for U.S. industry, the economy and workers.
There is a lot of talk about carbon cap-and-trade and energy efficiency. Carbon cap-and-trade is hailed as a market mechanism for reducing carbon dioxide emissions and energy efficiency is one of the most profitable investments most companies can make. Efficiency is also a great way to reduce energy consumption and hence carbon emissions as well. So what happens when you combine a carbon cap-and-trade with energy efficiency?
In the United States geothermal power development is limited to hydrothermal sites, highly concentrated in the West, which adds up to only 0.33 percent of the country's electricity generating fleet. But there may be a solution to geothermal power's geographic limitation, which could open up the way for this subterranean resource to play a much greater role in energy systems of the future.
The manufacturing industry is tight-lipped about internal operations, and most plant managers would be more apt to think that a major production disruption would be something to silence as much as possible. They certainly wouldn’t write up a post-mortem. But what if they did? What if they thought others could find value in what went wrong?
It's an assertion that has been accepted as fact by droves of the unemployed: Older people remaining on the job later in life are stealing jobs from young people. One problem, many economists say: It isn't supported by a wisp of fact.
Manufacturing continues to grow in the U.S., fueled primarily by innovations in technology and advances in the manufacturing process itself. With the advent of new, competitive technologies, next-generation manufacturers must zealously protect intellectual property and assets associated with such manufacturing technologies.
With the New Year upon us, let's take a few moments to consider the major sustainable energy trends in business from the past year. Many of these 10 trends represent milestones achieved in 2013 as the result of years of dedicated efforts. Others are of a more short-term nature. Each, however, played a big role in 2013.