Here are some highlights of recent news in the manufacturing sector.
Richland College in Dallas, Texas will be once again be offering middle and high school students a three week STEM summer camp for the third year now, thanks to the National Tooling and Machining Association. NTMA stepped in and provided a $15,000 grant for the summer camp to continue to provide “strong programs in STEM fields to address industry needs and provide success for its graduates.” Brian Fleming, Richland STEM camp director, recognizes the invaluable partnership with NTMA, stating “They give me as much support as possible.” Read more about the school and it’s programs here.
Appliance Magazine features an article this week discussing the optimistic forecast among metalforming companies in the coming three months. The article refers to the January 2013 Precision Metalforming Association Business Conditions Report and highlights some key data in the report. Read the key takeaways here.
The Economist featured a live debate on Tuesday of this week entitled, Offshoring & outsourcing: Do multinational corporations have a duty to maintain a strong presence in their home countries? Defending the motion is Harry Moser, founder of the Reshoring Initiative, who believes that for America, the benefits of lower prices do not exceed the harm from increased unemployment, higher welfare payments and lower taxes paid. His opponent, Jadish Bhagwati, Professor of Economics and Law at Columbia University argues that by investing abroad, American MNCs generally manage to reduce their costs of production and hence increase their competitiveness, not reduce it. Read the complete debate.
Karin Lindner writes an article this week for The Huffington Post discussing the underrepresentation of women in the manufacturing industry, affirmatively stating that “This needs to change.” Lindner notes the importance of a “good balance” between men and women in manufacturing in order to change the current language and dialogue. She encourages females to embrace their womanhood and capitalize on female character traits that could transform the industry, and perhaps even be an answer to the skills gap.
Manufacturing is the place to look for employment gains according to the Precision Machined Products Association. The Bureau of Labor Statistics reported that the number of Jobs in Manufacturing increased by 180,000 in 2012. The article features a graph illustrating the top ten manufacturing sectors in 2012 for Employment Gains, in Thousands of workers, with transportation equipment sitting the highest at 70,000. Read the full article and see the graph here.
Be sure to check back for updates and information on the 2013 show in Chicago (Nov. 18-21).