Tag: global manufacturing
Global manufacturing PMI remains in contractionary territory at end of 2023
The global manufacturing sector continued to see contractionary conditions in the last month of 2023 as intakes of new business shrunk further, driving production to decline for the seventh consecutive month.
Fortescue invests $35M in Michigan advanced manufacturing facility
Global green energy company Fortescue Metals Group has unveiled ambitious plans to inaugurate a cutting-edge Advanced Manufacturing Centre in Michigan, USA.
This strategic move involves...
More funding, government contracts needed for Australian manufacturing to compete globally, says report
A new report from national professional services firm RSM Australia has highlighted the need for an increase in government contracts and funding to allow Australian advanced manufacturing to compete on a global level.
Global manufacturing downturn in October marks longest deterioration sequence since 2002 – JP Morgan
The global manufacturing industry continued to see contractionary conditions in October as output declined for the fifth consecutive month dragged by further deterioration in new orders.
Global manufacturing PMI remains in contraction in September— JP Morgan
The JP Morgan Global Manufacturing Purchasing Managers’ Index (PMI) remained in the contraction territory at the end of the year’s third quarter, posting a 49.1 rating in September up from August’s 49.0.
Bosch opens semiconductor testing facility in Malaysia
Bosch has opened a new semiconductor test centre in Penang, Malaysia, investing EUR 65 million (AUD 109 million) to create additional capacity within the company’s global manufacturing network to meet the continued high demand for chips and sensors.
Global Manufacturing PMI faces further downturn amid slowdown in new orders – JP Morgan
The global manufacturing sector has remained in recession as July saw output fall even more amid the drop in new order intakes, which continued for the thirteenth month in a row, according to the latest Purchasing Manager’s Index (PMI) report from JP Morgan.
Global Manufacturing PMI slips further amid new order intakes decline, says JP Morgan
Conditions in the global manufacturing industry have seen a decline in June as output shrinks to contraction, dragged by a decrease in new order intakes, according to the latest global manufacturing PMI report.
Queensland nanomaterials company partners with Boeing to develop space applications
Queensland-based nanomaterials company White Graphene Limited is slated to work with global manufacturing giant Boeing after winning the Sustainability in Space Pitch Competition and clinching $100,000 in funding.
What AI could mean for modern manufacturers
Now more than ever, manufacturers all around the world are being pushed to test the limits of their current capabilities as they weather multiple disruptive global events, like the COVID-19 pandemic and the war in Ukraine.
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The future of sports manufacturing: Inside M2M Group’s AI-powered strategy
As the sports manufacturing industry evolves, artificial intelligence (AI) is emerging as a critical catalyst for innovation and efficiency.
