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Manufacturing should expand this year as the sector continues to recover from the COVID-19 pandemic, the Institute for Supply Management said today in a forecast.

Boeing Co. this week said it agreed to pay more than $2.5 billion because of fatal crashes stemming from problems with the 737 Max. The company is looking to the settlement a way to move on from a corporate crisis.

Thanks in part to its pro-business policies, strong workforce, and trade infrastructure, Florida ranks among the nation’s top 10 states for manufacturing.

Manufacturing growth accelerated in December fueled by new orders for products, the Institute for Supply Management said today.

Machine tool orders posted mixed results in November, falling on a monthly basis but recording a small increase from a year earlier.

LIFT announced that Amatrol, a manufacturing training company, has joined the manufacturing institute as a member.

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.