When discussing employment data, it is imperative to remember that manufacturing is more productive than other sectors. In my report, I note that it takes about 5.8 full-time equivalent manufacturing jobs to achieve $1 million in value-added, versus 7.7 for both transportation and services and 16.9 for retail trade.
The manufacturing sector’s superior productivity growth is persistent over time, creating a large productivity gap between manufacturing and other sectors of the economy. The sector isefficientin delivering value-added—it takes about 5.8 full-time equivalent (FTE) manufacturing jobs to achieve $1 million in value-added, compared with 7.7 FTE jobs for both transportation and services and 16.9 for retail trade. Without manufacturing, our standard of living would stagnate.
Virtual reality has many applications beyond video games, particularly for manufacturing. Companies are leveraging this technology for product development, prototypes, training, and factory floor layout. Ford and BAE Systems already have reputations for using virtual reality to shorten product design cycles and save costs.
In a recent MAPI webinar, Bruce Lung from DOE and Thomas Wenning from Oak Ridge National Laboratory walked attendees through the DOE’s Better Plants Program and benefits for joining, lessons learned from partne
This survey found that the majority of responding companies (84%) provide earnings guidance to their investors. 62% of respondents say their earnings guidance adjusts for forecast FX rates. If the guidance includes an “assumption” for future FX rates, most responding companies (67%) set their FX
The majority of responding companies (71%) have a defined benefit pension plan. Of those with a DB pension plan, 71% report their plan record keeping and administrative fees are less than $500,000; 65% have a plan size of $750 million or less.