{"id":7541,"date":"2021-02-25T10:12:30","date_gmt":"2021-02-25T10:12:30","guid":{"rendered":"https:\/\/www.mrpeasy.com\/blog\/?p=7541"},"modified":"2021-02-25T10:26:44","modified_gmt":"2021-02-25T10:26:44","slug":"week-8-in-manufacturing-news-3","status":"publish","type":"post","link":"https:\/\/www.mrpeasy.com\/blog\/week-8-in-manufacturing-news-3\/","title":{"rendered":"Week 8 in Manufacturing News"},"content":{"rendered":"\n<p>$1.3 Billion Modern Manufacturing Initiative Starts; U.S. Factory activity Cools; Cost Pressures Mounting; \u00a38 Million Government Boost For Manufacturers Across England to Go Digital; From One Economist to Another: Manufacturing Needs to Be Understood, Not Saved; <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"333\" src=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/02\/Engineer-in-the-factory-mrpeasy.jpg\" alt=\"\" class=\"wp-image-7544\" srcset=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/02\/Engineer-in-the-factory-mrpeasy.jpg 500w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/02\/Engineer-in-the-factory-mrpeasy-300x200.jpg 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure><\/div>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\">$1.3 Billion Modern Manufacturing Initiative Starts<\/h2>\n\n\n\n<p>The federal government\u2019s investment to super-charge manufacturing and grow jobs is now open to businesses, with applications sought under the $1.3 billion Modern Manufacturing Initiative (MMI).<\/p>\n\n\n\n<p>Businesses with projects in the space sector are the first to be able to apply for grants to help them commercialise ideas or processes, or integrate into global supply chains.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.manmonthly.com.au\/news\/1-3-billion-modern-manufacturing-initiative-starts\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" aria-label=\"Manufacturers Monthly (opens in a new tab)\">Manufacturers Monthly<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">U.S. Factory activity Cools; Cost Pressures Mounting<\/h2>\n\n\n\n<p>U.S. factory activity slowed in early February likely as a global semiconductor chip shortage hurt production at automobile plants, while prices of inputs and manufactured goods soared, which could heighten fears of strong inflation growth this year. <\/p>\n\n\n\n<p>The report from data firm IHS Markit on Friday also showed businesses in the services industry were experiencing higher costs related to the procurement of personal protective equipment, a greater proportion of which they were passing on to clients \u201cthrough a marked rise in selling prices.\u201d <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"599\" height=\"372\" src=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/02\/markit_us_pmi.png\" alt=\"\" class=\"wp-image-7542\" srcset=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/02\/markit_us_pmi.png 599w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/02\/markit_us_pmi-300x186.png 300w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/figure><\/div>\n\n\n\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-usa-economy-manufacturing\/us-factory-activity-slows-in-february-but-supply-bottlenecks-push-up-prices-ihs-markit-idUSKBN2AJ1PN\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" aria-label=\" (opens in a new tab)\">Reuters<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u00a38 Million Government Boost For Manufacturers Across England to Go Digital<\/h2>\n\n\n\n<p>New \u00a38 million government funding for small and medium sized enterprises (<abbr title=\"small and medium sized businesses\">SMEs<\/abbr>) to help them modernise, go digital and create new jobs.<\/p>\n\n\n\n<p>The funding, part of the government\u2019s Made Smarter Adoption programme, will support up to 1,000 small and medium sized manufacturers, across the North West, North East, Yorkshire and the Humber and the West Midlands regions, in adopting digital technology.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.gov.uk\/government\/news\/8-million-government-boost-for-manufacturers-across-england-to-go-digital\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" aria-label=\"Gov.Uk (opens in a new tab)\">Gov.Uk<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">From One Economist to Another: Manufacturing Needs to Be Understood, Not Saved<\/h2>\n\n\n\n<p>The&nbsp;assertion by The Australian newspaper for it to be \u2018too late to save manufacturing\u2019 is grounded in a lack of understanding. First, in what is manufacturing. Second, in how it is measured, and third in how it has evolved.<\/p>\n\n\n\n<p>Manufacturing is not a sector. It is a capability. Manufacturing cuts across other sectors, and is often confused with production. However, manufacturing involves seven steps along its manufacturing value chain: Research and Development (R&amp;D), design, logistics, production, distribution, sales and services.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.aumanufacturing.com.au\/from-one-economist-to-another-manufacturing-needs-to-be-understood-not-saved\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" aria-label=\"AU Manufacturing (opens in a new tab)\">AU Manufacturing<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$1.3 Billion Modern Manufacturing Initiative Starts; U.S. Factory activity Cools; Cost Pressures Mounting; \u00a38 Million Government Boost For Manufacturers Across England to Go Digital; From One Economist to Another: Manufacturing Needs to Be Understood, Not Saved;<\/p>\n","protected":false},"author":1,"featured_media":7544,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[56],"tags":[500,3,57,4,102,101],"class_list":["post-7541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-australian-manufacturing","tag-manufacturing","tag-manufacturing-news","tag-manufacturing-software","tag-uk-manufacturing","tag-us-manufacturing"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Week 8 in Manufacturing News - MRPeasy Manufacturing Software Blog<\/title>\n<meta name=\"description\" content=\"Manufacturing news week 8 in 2021. 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Manufacturing news and articles - economy, artificial intelligence, additive manufacturing, IoT, manufacturing software.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mrpeasy.com\/blog\/week-8-in-manufacturing-news-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog for Manufacturers and Distributors\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-25T10:12:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-25T10:26:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/02\/Engineer-in-the-factory-mrpeasy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"MRPeasy Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MRPeasy Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/week-8-in-manufacturing-news-3\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/week-8-in-manufacturing-news-3\/\"},\"author\":{\"name\":\"MRPeasy Team\",\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/#\/schema\/person\/d8f81e364d9eb5f4cfd957434932be37\"},\"headline\":\"Week 8 in Manufacturing News\",\"datePublished\":\"2021-02-25T10:12:30+00:00\",\"dateModified\":\"2021-02-25T10:26:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/week-8-in-manufacturing-news-3\/\"},\"wordCount\":369,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/week-8-in-manufacturing-news-3\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/02\/Engineer-in-the-factory-mrpeasy.jpg\",\"keywords\":[\"australian manufacturing\",\"manufacturing\",\"manufacturing news\",\"manufacturing software\",\"uk manufacturing\",\"us manufacturing\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.mrpeasy.com\/blog\/week-8-in-manufacturing-news-3\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/week-8-in-manufacturing-news-3\/\",\"url\":\"https:\/\/www.mrpeasy.com\/blog\/week-8-in-manufacturing-news-3\/\",\"name\":\"Week 8 in Manufacturing News - MRPeasy Manufacturing Software Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/week-8-in-manufacturing-news-3\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/week-8-in-manufacturing-news-3\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2021\/02\/Engineer-in-the-factory-mrpeasy.jpg\",\"datePublished\":\"2021-02-25T10:12:30+00:00\",\"dateModified\":\"2021-02-25T10:26:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/#\/schema\/person\/d8f81e364d9eb5f4cfd957434932be37\"},\"description\":\"Manufacturing news week 8 in 2021. 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