AMT - The Association For Manufacturing Technology’s Post

Are We Approaching the End of the Slide in Manufacturing Technology Orders? Check out AMT - The Association For Manufacturing Technology's Christopher Chidzik and his insights on the April 2024 manufacturing technology orders. Orders are still 5% above the historical average for the first four months of the year. We are now 16.2% off compared to 2024. March data had us at 18.6%. Contract machine shops and the automotive sector saw reduced orders. The aerospace sector's continued investment, particularly in the Southeast, signals long-term growth potential. The Southeast and West are the bright spots so far as they are both ahead of 2023. What are you seeing? We would love to hear about it in the comments. Looking ahead, forecasts suggest a potential rebound in the latter half of 2024, driven by increased industrial production and new orders. The upcoming IMTS - International Manufacturing Technology Show 2024 in Chicago will be pivotal for showcasing innovations and driving future demand. Want to know more about USMTO? check out our website. www.usmto.com #Manufacturing #Technology #IndustryTrends #EconomicForecast #IMTS2024 #Aerospace #Automotive #ManufacturingTechnology

𝗧𝗵𝗲 𝗠𝗮𝗰𝗿𝗼 𝗜𝗺𝗽𝗮𝗰𝘁 𝗼𝗳 𝗠𝗶𝗰𝗿𝗼-𝗙𝗮𝗰𝘁𝗼𝗿𝗶𝗲𝘀 𝗶𝗻 𝗔𝘂𝘁𝗼𝗺𝗼𝘁𝗶𝘃𝗲 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 Micro-factories have been the subject of research since the early 2010s, particularly with the advancement of Additive Manufacturing in the automotive industry. Currently, Hyundai stands out as a major player with its Singaporean Micro-Factory. 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀: 1. Customization: Micro-factories offer unique solutions for customers in various sectors, including Retail Last Mile, Emergency Services, and Luxury segments. 2. Rapid Prototyping: Leveraging additive manufacturing and AI-driven automation can significantly accelerate development cycles. 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀: 1. Upfront Investment: The adoption of micro-factory technology requires significant initial investment. 2. Supply Chain Integration: Ensuring seamless integration with existing supply chains or establishing new ones presents a logistical challenge. https://lnkd.in/dEuBNZ_t

As we look back at 2023, it's clear that the resilience and dynamism of the manufacturing technology sector have once again surpassed expectations. 🌟? Despite the challenges, the U.S. Manufacturing Technology Orders Report, published by AMT–The Association For Manufacturing Technology, revealed some inspiring figures that highlight the industry’s vitality. Have a look at the link below and see where we might be headed in 2024! #manufacturingtechnology #manufacturingindustry

This amalgamation will lead to an optimised manufacturing process, improved product quality and an increased asset base. Read: https://lnkd.in/dtz-NuB5

Thx for visualising the China dominance in battery production Alvin Foo , caused as we know, by the China dominance in the raw material market. We need to step up in the EU and create preferred positions in the raw material market to secure and control the production of essential components and products locally in the EU

This is an important piece to understand when it comes to our #nationaldefense #industrial #base and our #rareearthelements Defense Acquisition University

“For the third consecutive month, the gap between year-to-date orders in 2022 and 2023 has narrowed, falling from a 14.6% deficit in May to the 12.6% difference we see today,” says Douglas Woods, President of AMT, about the latest USMTO report. New orders of manufacturing technology totaled $404.2 million in August 2023, according to the latest USMTO. August orders increased 16.1% from July 2023 but were down 12.2% from August 2022. Year-to-date orders reached $2.23 billion. Read the full report here:

There are many ways to increase your manufacturing capacity without expanding your plant. Here are eight.https://https://lnkd.in/eikXnm8e

As Industry 5.0 continues to evolve, manufacturing is poised for a future marked by greater growth and productivity.

As Industry 5.0 continues to evolve, manufacturing is poised for a future marked by greater growth and productivity.