Intelligence

While Michigan is commonly associated with cars, an innovative company in the state’s Upper Peninsula is producing thrusters based on advanced ion propulsion technology. (Yes, you read that right.)

Dr. Sharon Cobb’s first experience with manufacturing at the foundry where her father worked inspired her to pursue a career in science. Now the associate program manager at NASA’s Space Launch System, Dr. Cobb has 38 years of experience with NASA.

The country that sent the first man to the moon turned to private companies and foreign governments to send people and projects into orbit.

Check in for the highlights, headlines, and hijinks that matter to manufacturing. These lean news items keep you updated on the latest developments.

Now that IMTS is over and the Fed has cut interest rates, what's next for manufacturers? Find out at MTForecast, Oct. 9-11 in Schaumburg, Illinois. Get the expert insights, market forecasts, and networking opportunities to create a winning business plan.

Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT and the U.S. Cutting Tool Institute, totaled $191.8 million in July 2024. Orders decreased 7.8% from June 2024 but were up 1.7% from July 2023.

Seasoned exhibitors know that the few weeks following a show are crucial for following up with your leads. Here are a few tips and resources to help make the most of your post-show outreach.

In a highly anticipated move, Federal Reserve Chair Jerome Powell announced the target rate would be cut 50 basis points, bringing the federal funds rate to a 4.75% to 5% target range.

Direct mail is finding its way back into the spectrum and companies are starting to realize just how much it can complement their digital efforts. Direct mail adds an additional layer of substance to your overall message.

Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders report published by AMT, totaled $321.7 million in July 2024, showing declines of 19.3% from June 2024 and 7.8% compared to July 2023.