bisco industries Blog

Did You Know? It’s MFG DAY!

Today marks the annual celebration of Manufacturer Day (MFG DAY). MFG DAY is meant to educate the next generation about modern manufacturing while dispelling common misconceptions.  To accomplish this, manufacturers are encouraged to organize events that give people a behind the scenes look of manufacturing processes.  MFG DAY 2015 features over 2300 events including facility tours of manufactures such as ABB, Boeing, Jabil, and General Atomics.

bisco industries is proud to support the manufacturing industry by offering supply chain services that allow manufacturers to focus on their core competency: manufacturing.  Be sure to join us, our supply partners, and clients in celebrating MFG DAY 2015!

Department of Energy Announces Funding for New Manufacturing Hub

The US Department of Energy recently announced it will commit up to $70 million for a manufacturing hub focused on improving energy efficiency.  Known as a Clean Energy Manufacturing Innovation Institute (CEMII), the hub will “support research and development advancements that can reduce the cost of deployment for technologies such as advanced sensors, controls, platforms, and modeling for manufacturing by as much as 50 percent”.

The manufacturing hubs’ focus on smart manufacturing is intended to be an avenue for research collaboration and a driver for manufacturing job growth. The hub will be part of the National Network for Manufacturing Innovation, an initiative of the Obama administration to help US manufacturing.

The new CEMII will be part of a series of hubs focused on different manufacturing processes. One example, America Makes, in Youngstown, OH, focuses on 3D printing. The US Department of Energy is seeking to establish 45 such institutes in the coming years.

bisco industries: Supplying the Future of Manufacturing

bisco industries is proud to work with clients on the cutting edge of technology. bisco understand the challenges of prototyping, production, and supply chain management. We offer a wide range of supply chain services as well convenient e-commerce shopping and a team of hundreds of local representatives. Click to learn more about bisco industries.

So Far So Good for U.S. Manufacturing in 2015

The June report from the Institute for Supply Management (ISM) indicates that U.S. manufacturing industry is growing.  This is encouraging news after seeing lower  numbers during much of the spring. ISM’s report uses a market indicator known as PMI. A PMI greater than 50 generally indicates growth while a PMI below 50 indicates contraction. June’s PMI was 53.5%, the highest since January 2015.

U.S. Manufacturing Sees Job Growth

Other positive news in the U.S. manufacturing industry included strong job growth rising 3.8% between May and June. According to Bradley Holcomb, chair of the ISM’s Manufacturing Business Survey Committee, “That’s actually the largest growth in employment since 2009, and it really does stand out and is forward looking. Manufacturers wouldn’t be adding employees unless they were confident a steady stream of new orders was coming in”.

Backlogs Shrink but Customer Inventories Rise

One negative sign for U.S. manufacturing is a shrinking backlog dropping 6.7% to 47% in June. In particular manufacturers of computer and electronic products, fabricated metal products, and machinery saw shrinking backlogs. However the reduction in manufacturing backlogs should be taken in context as the ISM report indicated rises in new orders and customer inventories as well.

To learn more view the full ISM report. Stay up to date on the latest industry trends and product news by subscribing to bisco industries’ blog.

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