MT Newsletter May 2024
Manufacturing Today
Helping executives at the senior boardroom and production levels stay abreast of the most important operational issues.
Hello??,
The manufacturing arena is abuzz as we kick off a month brimming with groundbreaking milestones and thought-provoking insights. From pioneering domestic facilities to multi-million-dollar investments, game-changing developments are reshaping our industry landscape.
This edition is a can't-miss dossier on the trends, triumphs, and strategic forays steering the course of manufacturing excellence. Get an inside look at the milestones making headlines and shaping the future of our sector.
Here’s what you need to know:
?? Ultrahuman Unveils Pioneering Smart Ring Factory in the USA. As the first of its kind in the United States, the facility is set to open within the next six months, demonstrating Ultrahuman’s dedication to innovation and excellence. According to Founder and CEO Mohit Kumar, “Our vision of being the top player in terms of both active devices and geographic presence is within reach."
?? $99 Million Boost for Cutting-Edge US Subsea Cable Factory. The facility is set to produce vital components essential for connecting offshore wind farms to the power grid, addressing a crucial link in the renewable energy supply chain.
??? Insights from April’s Manufacturing Outlook. The general activity index rose to 15.5, a notable increase from previous readings and its highest since April 2022. This suggests an uptick in manufacturing dynamism, as nearly 38% of firms reported increases in general activity. However, the employment index paints a less rosy picture, dipping slightly to -10.7.