Our IMTS emerging technology partner, Local Motors by LM Industries, known for 3D-printed mobility solutions, continues to make strides around the world.
The global talent crunch is becoming more evident than ever in the manufacturing industry. A recent report reveals that the U.S. manufacturing industry may reach a shortfall of 2.4 million workers by 2028. For the United States, the report attributes much of the labor shortage of skilled workers to an aging population. Trade schools are also producing fewer graduates annually.(more)
To quote AMT’s Chief Knowledge Officer, Pat McGibbon, “The U.S. manufacturing landscape continues to grow, albeit at a slower pace. This development, in conjunction with concerns about trade policy impacts on exports, points to a decline in manufacturing technology orders in 2019 over 2018.”(more)
On May 14, 2019, the Materials Processing Equipment Technical Advisory Committee (MPETAC) met to discuss the latest matters in export control. The purpose of this committee is to advise the Office of the Assistant Secretary for Export Administration on technical questions that affect the level of export controls applicable to materials processing equipment and related technology. MPETAC covers articles, materials, and suppliers of metal-working equipment, numerically controlled machine tools, and robots. One of the committee’s ongoing goals is to integrate the control definitions between the Export Administration Regulations (EAR) and International Traffic in Arms Regulations (ITAR).(more)
June 2019 U.S. cutting tool consumption totaled $198.9 million according to the United States. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 6.8 percent from May's $213.4 million and down 6.3 percent when compared with the $212.4 million reported for June 2018. With a year-to-date total of $1.25 billion, 2019 is up 3.2 percent when compared with 2018.(more)