Market Moves: Manufacturing - Jan 6th, 2024
 
 
Also: Cummins pays record penalty and how to preserve heavy equipment
Market Moves: Manufacturing | View online
 
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January 6, 2024
From the Editor

Hello and welcome back to Market Moves Manufacturing, a twice-monthly newsletter covering the latest news from Endeavor Business Media brands. In this edition, we kick off the new year by examining the possibilities for manufacturing: more tech, better employees, and maybe even less working.

If you’re enjoying this newsletter, consider subscribing to the other Market Moves on cybersecurity, energy, electric vehicles, and more right here.

– Jennifer Ramsay

Initial investments produced returns. Now firms are eyeing even more value using AI, the cloud, containers and cyber-physical risk management.
https://img.industryweek.com/files/base/ebm/industryweek/image/2023/12/658af5c4f07120001e08eb12-et023_091ep.png?auto=format%2Ccompress&w=320
The diesel engine producer plans to settle claims with the Department of Justice on nearly 1 million trucks with Cummins engines.
https://img.supplychainconnect.com/files/base/ebm/sourcetoday/image/2023/12/656f4c49b88e3a001e48fb8c-dreamstime_l_134677480.png?auto=format%2Ccompress&w=320
Recent years have been tough for the automotive industry, particularly in regard to inventory. 2024 may be the year trends shift.
https://img.smartindustry.com/files/base/ebm/smartindustry/image/2023/12/65832d1f64ea11001e75a556-dreamstime_m_208459047.png?auto=format%2Ccompress&w=320
Progress is critical for manufacturing this year and leaders must embrace it through reshoring, smarter factories, and more.
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There’s been a lot of talk on the employer side about the idea, but very little action.
https://img.officer.com/files/base/ebm/automationworld/image/2023/12/6583220c147dda001ed16b54-dreamstime_xl_292399925.png?auto=format%2Ccompress&w=320
Most IoT platform investments are for enterprise use. But IoT platform software is also well-suited for manufacturing operations' data needs.
https://img.americanmachinist.com/files/base/ebm/americanmachinist/image/2023/12/658b0bf527cf22001e60b28d-dreamstime155528761promo.png?auto=format%2Ccompress&w=320
Production volumes continued to fall during November amid weak demand, as 2023 approaches an ending with negligible increases.
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Cranes and other industrial equipment are critical to operations. Adhering to guidelines and standards can up their safety, reliability, and longevity.

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