U.S. manufacturing is in a ‘technical recession.’; How Brexit uncertainty is weighing on UK manufacturing; Industry 4.0: The Ways in Which Technology is Transforming Industry. Read the article in MRPeasy Manufacturing Blog: https://manufacturing-software-blog.mrpeasy.com/week-31-in-manufacturing-news/ Listen to Manufacturing Podcast on Podbean https://mrpeasy.podbean.com/ https://www.mrpeasy.com/

1. WEEK 30 IN
MANUFACTURING NEWS

2. Global economy in brief;
U.S. manufacturing is in a ‘technical recession.’;
How Brexit uncertainty is weighing on UK manufacturing;
Industry 4.0: The Ways in Which Technology is
Transforming Industry.

3. Global Economy – Manufacturing pain spreads
through Asia, more stimulus is seen ahead
• Manufacturing shrinks in China, Japan, South Korea, Taiwan
• U.S.-China trade conflict seen dragging on
• Asian central banks seen delivering more stimulus
Asian factory activity contracted further in July, fuelling worries that a Sino-U.S.
trade war and a slowdown in China could tilt the world towards a global
recession.
Data later in the day is likely to show European manufacturing shrinking as well,
while U.S. factories are expected to maintain a modest pace of expansion.

4. U.S. manufacturing is in a ‘technical
recession.’ How worried should we be?
The red flags have been rising for the manufacturing section this year. Hiring has
slowed sharply. Last year, the sector was averaging 22,000 new jobs a month,
according to Labor Department data. This year it’s down to 8,000. And a popular
gauge of manufacturing’s health — the PMI (Purchasing Managers’ Index) —
has tumbled in recent months and now sits at near-recession levels.

5. How Brexit uncertainty is weighing on UK
manufacturing
Threat of a no-deal exit and reversal of earlier stockpiling leave industry
struggling.
UK manufacturing output witnessed its sharpest monthly slump since 2002 in
April — a drop of 4.1 per cent — as carmakers implemented maintenance
shutdowns to coincide with the original departure date of March 29, and so
avoid any hold-ups at borders.
The drop in manufacturing activity follows a rapid build-up of raw materials. As
a result of the unprecedented stockpiling in the first quarter, many smaller and
medium-sized manufacturers are now struggling for cash, according to the
trade body Make UK.

6. Industry 4.0: The Ways in Which
Technology is Transforming Industry
Innovations in the applications of cutting-edge tech are revolutionizing
manufacturing to the extent that it is now known as the Fourth Industrial
Revolution.
Industry 4.0 creates new opportunities and new environments to promote
greater efficiency. It also brings with it new terms to refer to the technology
involved beyond the general ones like AI.
• CPS stands for Cyber-physical systems, also sometimes known as cyber manufacturing.
• Ecosystem refers to the potential connectedness of every aspect of the industrial
operation.
• IIoT stands for the Industrial Internet of Things.
• M2M stands for machine-to-machine.
• Smart factory

7. Source:
https://manufacturing-software-blog.mrpeasy.com/week-31-in-manufacturing-
news/
Manufacturing Blog:
https://manufacturing-software-blog.mrpeasy.com/
Manufacturing Podacast:
https://mrpeasy.podbean.com/
https://www.mrpeasy.com/