{"id":6650,"date":"2020-10-22T08:09:14","date_gmt":"2020-10-22T08:09:14","guid":{"rendered":"https:\/\/www.mrpeasy.com\/blog\/?p=6650"},"modified":"2020-10-22T08:10:19","modified_gmt":"2020-10-22T08:10:19","slug":"week-43-in-manufacturing-news-2","status":"publish","type":"post","link":"https:\/\/www.mrpeasy.com\/blog\/week-43-in-manufacturing-news-2\/","title":{"rendered":"Week 43 in Manufacturing News"},"content":{"rendered":"\n

Research: US Manufacturers Digitizing at Twice the Rate of Other Businesses; 2020 Global Trade Data Reveals Insights About Future of Manufacturing Sector; Making Sustainability Part of Manufacturing; With Covid-19 Under Control, China\u2019s Economy Surges Ahead.<\/p>\n\n\n\n\n\n\n\n

\"\"<\/figure>\n\n\n\n

Research: US Manufacturers Digitizing at Twice the Rate of Other Businesses<\/h2>\n\n\n\n

On Tuesday, Alibaba.com, the B2B business unit of Alibaba Group, announced the results of its Alibaba.com U.S. B2B Small and Medium Business (SMB) Survey<\/em> and launched a new Digitization Sprint for U.S. SMB manufacturers \u2013 a traditionally analog segment of SMBs that has been digitizing at twice the rate of other industries during the pandemic \u2013 to support manufacturers as they accelerate their digitization. <\/p>\n\n\n\n

Source: Manufacturing.net<\/a><\/p>\n\n\n\n

2020 Global Trade Data Reveals Insights About Future of Manufacturing Sector<\/h2>\n\n\n\n

Imports fluctuate. The manufacturing industry is well aware of this fact. However, 2020 has taken everyone by surprise. Imports into the United States have had to deal with a lot, from pandemics to uncertain government elections. These trends are important to understand as companies need to plan for 2021 and beyond.<\/p>\n\n\n\n

Our team at Federal Group USA compiled and analyzed import data from 2020 and 2019, which was obtained from the U.S. Customs database records of inbound ocean cargo. (Note: The Federal Group USA does not take any responsibility for the accuracy of the data from the U.S. Customs database.)<\/em> We found some unexpected and interesting trends that will take even the most experienced importer by surprise. Our team distilled the data and broke it down into a series of charts that highlight just how volatile of a year 2020 has been.<\/p>\n\n\n\n

Source: Thomasnet<\/a><\/p>\n\n\n\n

Making Sustainability Part of Manufacturing<\/h2>\n\n\n\n

While coping with the COVID-19 pandemic has pushed other manufacturing issues to the side, in the long-term those issues remain. One is making manufacturing more sustainable. Broad policy changes will be needed to achieve this goal, but so will many individual efforts by companies to change how things are made.<\/p>\n\n\n\n

For example, the steel industry in Sweden has an initiative to reduce its environmental impact by eliminating carbon dioxide (CO2) from steel production, according to Mats Lundberg, sustainable business manager at Sandvik Materials Technology, Sweden. He noted that by replacing the coking coal traditionally used for ore-based steel making with green hydrogen produced from renewable, fossil-free electricity, manufacturers can produce steel with virtually no carbon footprint. When the hydrogen reacts with the oxygen in the iron ore, the result is water vapor, rather than CO2.<\/p>\n\n\n\n

Source: SME<\/a><\/p>\n\n\n\n