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Manufacturing outperformed the overall economy in December, the U.S. Bureau of Labor Statistics said today.

In March 2020, the World Health Organization (WHO) officially declared the novel coronavirus (COVID-19) outbreak a pandemic. Manufacturers are dealing with the fact that the virus has exposed the fact that many domestic (North American-based) brands rely significantly upon China for fulfilling some, part, or nearly all, of their supply chain.

According to a survey conducted by ISM, 75 percent of U.S. manufacturing companies experienced delayed resources and materials due to the COVID-19 pandemic. The outbreak has forced manufacturers to rethink supply chains to allow for product diversification.

Manufacturing added 38,000 jobs in October, with a majority in durable goods, the Bureau of Labor Statistics said today.

The world has changed remarkably in 2020. The new decade began with a sense of optimism and historically strong economies in both the commercial aerospace and defense sectors.

Siemens, IBM, and Red Hat today announced a new collaboration that will use a hybrid cloud designed to deliver an open, flexible and more secure solution for manufacturers.

Durable goods orders increased in December, aided by orders for machinery, the U.S. Commerce Department said today.

Caterpillar Inc., the Deerfield, Illinois-based maker of heavy equipment, today reported lower quarterly and full-year profit after sales were hit by the COVID-19 pandemic.

While the manufacturing industry learns to deal with COVID-19, it is also undergoing seismic change from other critical issues. Four industry leaders take on these issues in a panel discussion titled, “How Smart Manufacturing is Disrupting the Supply Chain - Are You Prepared?”

Durable goods orders rose last month, boosted by commercial and defense aircraft, the U.S. Commerce said today.