According to Grand View Research Inc., the global medical outsourcing market is anticipated to reach $62.6 billion by 2022. Increasing price competition and the demand for reduced production costs are expected to drive the medical device outsourcing market, reports a recent EconoTimes article.Drastic budget cuts in major European and U.S. markets are challenges faced by medical devices manufacturers, the article reports. Rising pressure to...
According to the Bureau of Labor Statistics (BLS), manufacturing employment is expected to shrink at an annual rate of 0.7% through 2024.  The manufacturing sector is predicted to lose 814,000 jobs while industries relating to healthcare, social assistance, construction, and mining are expected to witness solid job growth, reports a recent Product Design & Development article covering the BLS findings.There will be a predicted 11.3...
According to the latest FX Street article, experts believe the December U.S. ISM Manufacturing Index will drop from 48.6 to 48.1.  The expected decrease will represent the lowest reading since the recession and is consistent with the dismal tone in the wide array of regional PMIs, the article reports.The findings align with other data that indicates a contracting manufacturing sector. The December PMI came in at 51.2, reports a recent...
Despite recent reports on the state of U.S. manufacturing, the Federal Reserve Bank of Dallas reflected a production index that rose to 13.4 in December.  As noted in a Wall St. article on the Dallas Fed Manufacturing Survey, the production index – up from 5.2 in November – is indicative of stronger output growth into the future.The article states, however, that general manufacturing activity dropped to negative 20.1 in December, down from...
According to a recent Trading Economics article, Markit’s U.S. Manufacturing PMI fell to 51.3 in December from 52.8 the previous month.  This number reportedly represents the lowest figure since November 2012, with new order growth remaining the weakest since September 2009 and production volumes rising the least since October 2013.As noted in a Seeking Alpha article covering the December PMI, the numbers indicate U.S. factory activity is...
New orders for machine tools and related technology fell slightly in October, according to the Association for Manufacturing Technology’s (AMT) latest U.S. Machine Tools Orders (USMTO) report. Manufacturing technology orders came in at $327.4 million for October, falling 0.3% from September.However, these numbers represent the second-consecutive monthly increase in order volumes – an encouraging detail during a 15-month slump in overall...
According to the upcoming 2016 Global Manufacturing Competitiveness Index report, the U.S. is anticipated to be the single-most competitive manufacturing nation over the next five years. The top 11 countries for manufacturing will be consistent through 2020 (with some exchange of rankings), reports a Business Facilities article covering the data.While China and the U.S. are expected to retain the top two spots, Germany and Japan will stay...
According to a recent MarketWatch article, the Chicago manufacturing purchasing manager’s index (PMI) fell 7.5 points to 48.7 in November from 56.2 in October.  Other findings show a drastic 15.3-point decrease in new orders that pulled down the headline index below the 50 mark that separates expansion and contraction. The combination of a strong dollar, weak oil prices, and dull global demand contributed to the area’s sixth...
According to the latest Market Watch article, U.S. manufacturing activity reached a 25-month low in November. The flash manufacturing purchasing managers index (PMI) from Markit dropped to 52.6 from 54.1 in October - with all five of the PMI elements deteriorating, reports the article.The month’s rise in input buying marked the lowest reading since January 2014 as stocks of finished goods fell for the fourth consecutive month.Despite the...
According to the latest Marketwired article, 86% of manufacturers see the shift from product-centric to service-oriented revenue models as an essential part of their growth strategies. The payoff for an average $20 billion manufacturing firm that makes the “digital business transformation” stands to profit upwards of 12.8% over the next three years, reports the article. Making a good product isn’t enough today, as companies are...

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