In 2015, Fortune reported an $18 billion loss for the top 25 U.S. food and beverage companies from the past five years, driven by millennials turning away from processed foods and seeking healthier alternatives with cleaner labels. Today, that trend continues to grow at an excessive pace, signaling that some demands are more of a long-term standard. But many major food and beverage (F&B) companies have shown that they are not as nimble as smaller companies when it comes to adapting to consumer preferences and there are still challenges the food and beverage industry faces.Read More »
Almost without notice, COVID-19 changed the way businesses operate and how individuals live. The manufacturing industry has shown inspirational resilience throughout historical times, yet the continuous effects of COVID-19 on the economy have pushed the manufacturing industry to reimagine the way they do business.Read More »
Last year, it was predicted that the recreational cannabis market was expected to grow by 36.4% by 2025 as availability increases and prices drop. With medicinal and recreational marijuana legalization increasing throughout the U.S., more consumers are exploring the benefits of cannabis products, and the market has responded with an array of innovation.Read More »
American manufacturing stands at a critical point in its long history — and how industry leaders view and react to the changing landscape will influence its future. As technology, demographics, and economic climate shift, manufacturers must innovate in order to stay competitive. Manufacturing in particular is positioned for domestic growth and, more than ever, industry leaders must guide their organizations strategically. Let’s take a look at some of the issues facing the industry through the lens of both challenges and opportunities.Read More »
From reducing costs to increasing efficiency to spurring innovation, many people are excited about the impact that 3D printing will have on the future of manufacturing. However, the truth is, it already has made a significant impact on the industry.
Take a look back at the evolution of 3D printing to see how the phenomenon started and how it has helped the manufacturing industry evolve.Read More »
There's plenty of coverage and chatter on IoT trends, being replaced by robots, and legacy equipment vs. digital manufacturing in our industry. That's a good thing because technology becomes more integrated with every aspect of our lives each day.Read More »
These days, consumers demand businesses be "green" — from green packaging to green solutions to green food — a green company offers sustainable or renewable products or operates in an environmentally-friendly way. Earlier this month, we reported that sourcing on Thomasnet.com for reusable bag materials is up as more shoppers and legislators seek to increase sustainability across the country. Adopting environmentally friendly processes and energy-efficient practices has numerous business benefits and is already at the center of many corporate social responsibility policies and marketing strategies.
As we celebrate the 50th Anniversary of Earth Day, let's take a look at some small business manufacturers who are committed to sustainability and green manufacturing.Read More »
Encompassing broad items as simple as bandages all the way through to ultra-high-tech pacemakers, the U.S. medical device market is the largest in the world. Forbes called it a “disruptive” market of $410 billion through 2023. Today, “disruptive” is an appropriate word.
More than a decade ago, the medical device manufacturing industry saw an increasing emphasis on design and simplicity, driven by software and technologies. And innovation contributed to a shift in power from the pharmaceutical to the medical device industry. These days, there is still a high demand for technological, intuitive devices — with a faster time-to-market than ever before. Hospitals, medical facilities, and other markets are pressuring medical device manufacturers to be more secure, innovative, cost-effective, and efficient.Read More »
To limit the coronavirus spread, many companies have gone completely virtual and the workforce in some states is required to stay at home, with the caveat of essential businesses and manufacturers exempt from these mandates.
Although the world has seen unprecedented changes during the past few weeks, manufacturers and industrial companies need to keep their customers at the center of their business strategy now more than ever. The world we live in is incredibly digital. So for your customers that still have jobs to be done, here’s how you can take advantage of technology and stay connected with them.Read More »