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News provided by: Institute for Supply Management Nov 01, 2024, 10:00 ET New Orders and Backlogs Contracting; Production and Employment Contracting; Supplier Deliveries Slowing; Raw Materials Inventories Contracting; Customers’ Inventories Too Low; Prices Increasing; Exports and Imports Contracting TEMPE, Ariz. , Nov.
ABB cited increasing demand for robots in painting, consumer electronics, food and beverage, apparel, and industrial machinery. billion in revenues in 2024. The Zurich-based company reported that after a steep drop in 2023, global industrial robotics orders improved in Q1 of 2025. ABB Robotics reportedly earned $2.3
1, 2024 /PRNewswire/ — Economic activity in the manufacturing sector contracted in September for the sixth consecutive month and the 22nd time in the last 23 months , say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business ®. We are anticipating a record sales volume for 2024.”
The Prices Index climbed into expansion (or ‘increasing’) territory as new pricing levels for 2024 went into effect.” The four manufacturing industries reporting growth in January are: Apparel, Leather & Allied Products; Textile Mills; Transportation Equipment; and Chemical Products. TEMPE, Ariz. , Feb.
The eight manufacturing industries reporting growth in February — in order — are: Apparel, Leather & Allied Products; Nonmetallic Mineral Products; Primary Metals; Plastics & Rubber Products; Fabricated Metal Products; Chemical Products; Miscellaneous Manufacturing; and Transportation Equipment. We may increase our growth projections.”
” [Computer & Electronic Products] “Sales in our industry are extremely slow entering into the second half of the year, and no upturn is expected until at least the fourth quarter.” The two manufacturing industries that reported growth in July are: Petroleum & Coal Products; and Furniture & Related Products.
MAS Holdings, South Asia’s leading apparel and textile manufacturer, is a case in point. By automating 52 processes in its intimate apparel business unit, the company saved 14,000 work days annually. The $2 billion company operates 53 manufacturing facilities across 16 countries, with more than 99,000 employees.
” [Computer & Electronic Products] “Demand still weak. The outlook for 2024 remains uncertain, and we continue to be cautious about building inventories.” WHAT RESPONDENTS ARE SAYING “Further reductions in customer orders due to the economic situation and also their working down of own inventories.
” [Computer & Electronic Products] “Starting to feel softening in the economy, with labor still a challenge to backfill critical roles. The 2024 forecast looks challenging, specially from a cost perspective.” ET on Wednesday, January 3, 2024. This will most likely happen in December.”
” [Computer & Electronic Products] “We need to coordinate very closely with suppliers in order to yield a more cost-competitive offer. However, many forecasts are set for the beginning of 2024. Post-pandemic, customers have learned they need partners to navigate rough waters.”
” [Computer & Electronic Products] “Demand continues to gain momentum due to new business pipelines finally yielding billable production. Hiring has slowed in response to continued global uncertainty on inflation and unrest in Europe.” Personal care and home care are drivers.”
This can be used to track soft-tagged apparel, footwear, small appliances, electronics, sporting goods, and more providing a near real-time view of the location and activity of all RFID-tagged merchandise within a store. Simbe was a 2024 RBR50 Innovation Award winner for its scale out with BJ’s Wholesale Club.
The company used this funding to help expand its capabilities from picking smaller consumer electronics and accessories to working with larger items such as bagged apparel and groceries. It achieved a 220% growth in contracted annual recurring revenue (ARR) in 2024 and has targeted another 200% increase in 2025.
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