This is an original article from the NIST Manufacturing Innovation Blog.
By: Art Thomas
Credit: iStock/Yuri_Arcurs
Many manufacturers have had to make significant changes in suppliers in recent years because of various disruptions. Small and medium-sized manufacturers are often resource-challenged and do not have supply chain specialists to focus on vetting suppliers.
This article is provided by ITR Economics in partnership with IMEC.
This article is provided by ITR Economics in partnership with IMEC.
This is an original article from the NIST Manufacturing Innovation Blog.
Digitization and connectivity are having a huge impact on more than just your manufacturing operations and ability to monetize data. Your vulnerabilities also are increasing as Industrial Internet of Things (IIoT) manufacturing solutions involve more software, devices and digitally connected employees.
The manufacturing industry continues to be at high cyber risk as a result of global competition and geopolitical tensions. Companies up and down the supply chain are demanding more transparency into their customers’ and suppliers’ reliability in order to mitigate risks from disruptions. Some are starting to require cybersecurity assurances, a trend that will only gain momentum. Enforcing cybersecurity standards will ultimately protect U.S. innovation and competitiveness.
This is an original article from the NIST Manufacturing Innovation Blog.
This blog is the second in a series on cybersecurity and Industry 4.0.
In blog one of this series on “Cybersecurity and Industry 4.0 – What You Need to Know” we discussed the four aspects of Industry 4.0: cyber-physical systems (CPS)/cobots, Internet of Things (IoT), cloud manufacturing and automation, as well as how they are interconnected. Strong cybersecurity practices protect those interconnections, ensuring manufacturers’ systems consistently deliver accurate data in a timely manner – something critical to the success of an Industry 4.0 model.
This is an original article from the NIST Manufacturing Innovation Blog.
Is your organization, like so many others today, struggling to recruit and retain a well-qualified and high-performing workforce? Are your workers excited to be a part of your team and motivated to serve your customers? Do they care for one another and the success of your business?
This article is provided by ITR Economics in partnership with IMEC.
This is an original article from the NIST Manufacturing Innovation Blog.
The Association for Manufacturing Excellence (AME) defines people-centric leadership (PCL) as a leadership approach that seeks to create a culture in which everyone is encouraged to improve and apply their talents and given the opportunity to pursue excellence at work every day.
This article is provided by ITR Economics in partnership with IMEC.
US Real Gross Domestic Product (Real GDP) in the second quarter of 2022 came in 0.23% below the first quarter, marking two consecutive quarters of contraction and fulfilling the technical definition of a recession. While the word “recession” tends to elicit fear, we do not believe the current economic situation warrants significant concern. The decline was led by imports outpacing exports, changes in private inventory investment (not a reduction, but rather a smaller increase), lower fixed investment in residential and nonresidential structures, and a decrease in government expenditures and investments. However, core segments such as consumer spending, the labor market, and the industrial sector are on solid footing − more on this below.
