Cisco Eagle Quarterly Manufacturing Industry News Roundup: Q2 2014
A collection of manufacturing reports, articles, and expert interviews
As we wrote in January, the manufacturing sector is undergoing significant changes this year, with issues in talent development, the re-shoring of manufacturing in some sectors, and the forward momentum of new, disruptive, and exciting technologies affecting manufacturers of all sizes.
For the latest in manufacturing trends and topics, we’ll be bringing you a manufacturing news industry roundup on a quarterly basis. The following is a collection of manufacturing reports, articles, and expert interviews from Q2 2014:
Manufacturing News Reports
- 3-D Printing and the New Shape of Industrial Manufacturing:PricewaterhouseCoopers (PwC), in conjunction with The Manufacturing Institute, released a report on 3D printing (3DP) that includes findings from a survey of more than 100 industrial manufacturers. Sixty-seven percent of manufacturers surveyed are currently implementing 3DP either by experimenting with the technology or by already using it for prototypes or final products. One in four respondents say they plan to adopt 3DP in some way in the future.
- Report on Business: Manufacturing ISM’s May 2014 Report on Business shows economic activity in the manufacturing sector expanded in May for the 12th consecutive month, and the overall economy grew for the 60th consecutive month. The report includes insights from the nation’s supply executives across 18 manufacturing industries.
- Global Manufacturing Outlook 2014: Performance in the Crosshairs: Key findings from the KPMG report, which surveys manufacturers across the world on challenges and future strategy, indicate that manufacturers are focused on understanding their product cost and profitability. Other findings include the following: organizations are rethinking their product development strategies and supply chain transparency and visibility remain challenges for manufacturers.
- Out of Inventory: Skills Shortage Threatens Growth for U.S. Manufacturing: A current lack of skilled and highly-skilled manufacturing workers has measurable financial impacts on U.S. manufacturers, according to the June 2014 study from Accenture and The Manufacturing Institute. The study, based on a survey of 300 manufacturers, identifies several strategies for how manufacturers can stem the skills shortage by investing in their “talent supply chain” and how leading manufacturing companies are addressing this burning issue.
- Reshoring Resurgence: Inc. Magazine’s June 2014 issue indicates that manufacturing in the U.S. is on the rise and an increasing number of companies are opting to repatriate facilities currently based abroad. According to the “Reshoring Resurgence” article, reshoring offers bottom-line benefits and it’s fueled a surge in job creation, among other ecumenical benefits.
- How to Prepare Our Companies for the Workforce of the Future: ChiefExecutive.net explores how technology has evolved and outdated industries have waned while emerging sectors have arisen, resulting in innovative ideas, business models, economic growth, and new jobs. According to the article, manufacturers need to rethink their training and education systems to meet the demands of today’s tech-focused economy.
- Innovation: Still More Art Than Science: Innovation is the theme of the June 2014 issue of the Manufacturing Executive Leadership Journal. The article “Innovation: Still More Art Than Science” offers data from the latest Manufacturing Leadership Council poll on innovation within small and medium-sized companies an explores issues related to the management of the innovation process and the problem of resource constraints.
- Opening Up Innovation at GE: As GE strives to create a faster, leaner, simpler business structure, Stephen Liguori, GE’s Executive Director of Global Innovation and New Models, is using open innovation techniques to help drive a more market-centric, startup culture across GE’s global enterprise. In this interview with the Manufacturing Executive Leadership Journal, Stephen Liguori explains how this process works.
- How Technology Is Transforming U.S. Manufacturing: The U.S. manufacturing revival is, if anything, more real and more profound than has been acknowledged. The Wall Street Journal’s interview with Mark Muro, senior fellow at the Brookings Institute and policy director of its Metropolitan Policy Program, highlights what manufacturers need to know about the technology transformation.
As noted above, Q2 2014 thought leadership touches on important trends and discussion taking place in the manufacturing industry, including technology, innovation, reshoring, and more. Are there any blogs, articles, research, or interviews we’ve left of our list? Which would you add to yours?
Stay tuned for our Q3 manufacturing industry news roundup.
Scott Stone Cisco-Eagle’s Director of Marketing. He has over 25 years of experience in the industry.