IIoT has crossed the chasm, and savvy manufacturers are investing aggressively in technologies that will create a smarter, more connected plant floor to achieve greater operational visibility and enhance quality.
The malware entered the North Carolina transmission plant’s computer network via email last August, just as the criminals wanted, spreading like a virus and threatening to lock up the production line until the company paid a ransom.
AW North Carolina stood to lose $270,000 in revenue, plus wages for idled employees,
Survey suggests more growth ahead for Midwest economy
When company owners prepare for a sale or transfer of leadership, they must be able to clearly and effectively communicate with the next generation about how to best steer the organization through these choppy waters.
The U.S. dollar depreciated 5.5 percent in the first half of 2017, but it remained 19.6 percent higher than it was three years ago.The trade-weighted U.S. dollar index against major currencies from the Federal Reserve Board has declined from 95.7631 on December 30 to 90.5364 on June 30. This index reflects currency units per U.S. dollar, suggesting that the dollar can now purchase less than it could before and vice versa. With that said, the index was 75.7513 on June 30, 2014, illustrating the dollar’s continued strength. For manufacturers, growth in the dollar’s value over the past three years presents a real challenge as firms seek to increase international demand. Yet, that drag was lessened recently, especially with the depreciation seen year to date.
Missouri recently received high marks in a manufacturing study. For the tenth year in a row, Ball State University in Indiana has ranked each of the 50 states in a variety of categories involving manufacturing and logistics.
Job-related stress is causing the American workforce to suffer from both physical and mental ailments, according to new research from Ball State University.
The Association of Job Insecurity with Health Risk Factors and Poorer Healthreport, which was published in the Journal of Community Health, indicates that heart disease, loss of sleep and psychological distress are common among employees who feel their jobs are not secure.
The Minneapolis Star Tribune reported that “growth surged for Midwest manufacturers in June as domestic and overseas product orders surged during the month, according to a widely watched economic report issued Monday by Creighton University.”
The Star Tribune added that “the nine state Mid-America Business Conditions Index, which includes Minnesota, jumped to an impressive 62.3 in June from 55.5 in May.” Noting that any number above 50 signals growth for the manufacturing sector, the article also stated that “June marked the seventh consecutive month factory results grew across the region encompassing Minnesota, Iowa, Nebraska, Kansas, Missouri, South and North Dakota, Arkansas and Oklahoma.”
The Omaha (NE) World-Herald reports that the survey “hit its highest level in more than six years in June, signaling growth for the seventh straight month.” The article quotes Creighton University economist Ernie Gross pointing out that “recent interest rate increases by the Federal Reserve ‘failed to restrain business confidence,’ since rates remain relatively low and average profits are strong.” In addition, “Goss said the regional survey results point to ‘healthy growth’ in manufacturing and non-manufacturing into the fourth quarter of this year,” the World-Herald reports.
The AP reported that the survey results show “the economy will likely continue growing at a healthy pace over the next few months in nine Midwest and Plains states.” The AP also quoted Goss saying, “the job picture for regional manufacturing continues to improve.”