According to the Material Handling & Logistics, robots are slashing U.S. wages and worsening pay inequality. That is certainly a provocative statement! According to new research by MIT's Daron Acemoglu and Boston University's Pascual Restrepo, one additional robot per thousand workers reduces the employment to population ratio from .18 percentage points to .34 percentage points and slashes wages from .25% to .5%.
People and companies have more choices than ever before. If you wish to remain in the race, quality must be more than an assumption; it must become a strategic focus.
According to Industry Week and the Reshoring Initiative, after two decades of job losses, we have turned the corner. If you are interested in taking advantage of this rare opportunity, you must be prepared!
According to Industry Week, the Fed's survey of the economy expressed optimism; however, it also noted that labor markets are tightening. Since I'm also embarking on refrehsing my 2013 Skills Gap research report, thus far, I've noted the same concerns for high-skilled positions. I hear far less conversation about [...]
There is much that can be achieved rapidly in leveraging Toyota Production System techniques - no matter your industry or role.
According to the Institute for Supply Management's Manufacturing Purchasing Managers' Index, manufacturing is on an upswing.
As one of the panelists at the Manufacturers' Summit last week said, "Have you ever seen manufacturing in the news more than it has been lately?" Quite an intriguing point.
Just because many manufacturers are seeing a positive outlook to the future doesn't mean it will turn into a reality unless we back up the talk with action.
A recently released study by Manufacturing and Supply Chain Expert, Lisa Anderson, MBA, CSCP, CLTD, president of LMA Consulting Group Inc., indicates that 70% of US manufacturing executives expect near-sourcing to increase within the next five years.
Manufacturing innovation is the highlight at this summit, where creative solutions and industry trends will be the focus.
