More oil and gas is snaking its way through Dammam, Saudi Arabia as GE starts work on a new manufacturing site that’s slated to excite the growing economy.
According to a recent report by Forbes, “The United States and European Union are negotiating what would be the world’s largest bilateral trade agreement, the Transatlantic Trade and Investment Partnership (T-TIP).” “A key objective on both sides of the Atlantic is to eliminate duplicative or contradictory regulations and align differing standards in order to simplify…
According to Market Watch, “The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index, prepared by Markit, fell to 51.3 from 52.5 in February, but still remained above the 50 mark for the fifth straight month, according to a survey released Tuesday. Readings above 50 indicate expansion; those below that level indicate contraction.”
Boeing, a global titan in aerospace manufacturing, has announced plans to cut around 300 Australian-based manufacturing jobs. According to Bloomberg News, “The jobs will be eliminated by the end of the year, Boeing spokeswoman Caroline Bell said today in an e-mailed statement.” Although Boeing is a U.S.-based company and top exporter, Australia remains Boeing’s second…
The latest numbers from March 2014 supports recent reports regarding yearend confidence for the revival of U.S. manufacturing. According to Bloomberg News, “The Institute for Supply Management’s index increased to 53.7 from 53.2 a month earlier, the Tempe, Arizona-based group said today. Readings above 50 indicate expansion. The median forecast in a Bloomberg survey of…
On March 24, Google announced its recent partnership with Luxottica Group. The partnership will pin Luxottica Group as a major provider for Google Glass Frames. According to Luxottica, “[Luxottica’s] wholesale distribution touches 130 Countries in all the 5 continents and makes use of 20 logistic centers and more than 40 commercial subsidiaries, that allows a…
With the rising confidence in U.S. manufacturing, another unlikely global player quietly takes the stage. According to Market Watch, “Italy’s composite business confidence index, a broader indicator subsuming retail, market-services and construction sectors, also rose, to 89.5 in March from 88.2 in February. The new level is the highest since September 2011.”
Outside of Detroit and Chicago, economists are citing a second chance for new manufacturing hubs, as well as revivals of long-standing manufacturing micro economies that have slowed in recent years. Recovery persists for the U.S. job market as New York shows signs of life for manufacturing. A 2013 yearend report shows 76,300 manufacturing jobs New…
According to a report by the Associated Press, “Orders to U.S. factories for long-lasting manufactured goods rose in February by the largest amount in three months, helped by solid gains in demand for airplanes and autos.” The total increase came in at 2.2 percent. In addition to the demand for airplanes and autos, February-end reports…
Apple switched supply chain manufacturers from Taiwan’s controversial Foxconn Technology Group facility to Pegatron, a smaller, supplier, which reportedly offered the company lowers margins on devices such as the iPhone C and iPad mini, in May 2013. As a result, the numbers suggest Apple has experienced substantial gains (22 percent).