News
Manufacturing executives have been losing sleep over the worker shortage for a few years. The situation only continues to accelerate, however. Today, the worker deficit has begun hitting companies squarely in the bottom line --during the first quarter of 2019 more than 25% manufacturers had to turn down new business...
A new automaker is coming to the United States to build electric vehicles. VinFast, a Vietnamese auto manufacturer founded in 2017, announced March 29 it would build its first North American factory in North Carolina. Once it’s up and running, the facility will employ about 7,500 new workers to assemble...
U.S. manufacturing activity shrank again in April as companies continued to match slowing demand by cutting new orders, according to survey data released Monday. The contraction registered by the Institute for Supply Management (ISM) was the fifth in a row and will provide the U.S. Federal Reserve with additional evidence of...
Manufacturing economic activity remained stuck in reverse in August, according to the Institute for Supply Management’s Manufacturing ISM Report on Business. Data show manufacturing contracted for the fifth consecutive month and for the 21st time in the last 22 months. More specifically, the Manufacturing PMI registered 47.2% in August, compared with...
