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Why this Buffalo manufacturer is "a little bit excited" about an economic slowdown

The tight job market means it's been years since Matt Gehman has hired new qualified employees at MMG Industrial and Metal Locking Service.
"We cannot hire people and bring them in and plug them in. It’s 100% on-the-job training at our expense," says Matt Gehman, above at his facility in Buffalo, New York.
Brandon Watson

Chip manufacturing jobs are coming. Are Americans ready for them?

Oct 27, 2022
Semiconductor production positions pay about $100,000 on average, and schools are rushing to offer training so people can qualify.
Mandel Ngan/AFP via Getty Images

Chemical giant BASF is under threat after Russians turn off the gas

Oct 4, 2022
Gas rationing by the Berlin government this winter could hit the German chemical industry and dent the global economy.
BASF, the world’s largest chemical company, may be forced to grapple with natural gas rationing if Germany experiences a cold winter.
Daniel Roland/AFP via Getty Images

Rising interest rates are hitting manufacturing

Oct 3, 2022
Businesses are scaling back their expectations for 2023 accordingly.
Though demand for things like new cars proved a boon to manufacturing during the pandemic, companies have begun to budget more conservatively amid rising interest rates.
Jeff Kowalsky/AFP via Getty Images

Why manufacturing productivity is on the rise

Sep 1, 2022
Manufacturers are producing more goods with fewer workers, given the tight labor market. But the sector has been hiring more in recent months.
Revised data from the Labor Department show productivity among manufacturers rose almost 5% in the second quarter.
Morry Gash/Pool/AFP via Getty Images

What does it take for chip manufacturers to get a new plant up and running?

Aug 23, 2022
Semiconductor makers seek locations with plenty of space, water, electricity and workers. First, they need megabucks for construction.
An array of machines at a semiconductor plant in Germany. Now that the CHIPS Act has passed, chipmakers are looking to build more facilities in the U.S.
Jens Schlueter/AFP via Getty Images

Will “deprinting” reduce the paper industry’s carbon footprint?

Aug 17, 2022
A new device will allow the same sheet of paper to be erased and reprinted 10 times, cutting waste and carbon emissions.
The cycle of felling trees, transporting them and using fossil fuel-based processes to turn them into pulp for paper is highly polluting.
rustycanuck/Getty Images

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How are manufacturers faring in this economy?

Jul 22, 2022
Demand for many manufactured goods has been slowing, thanks to higher prices. But some sectors, like vehicles, are still trying to meet demand.
Demand for manufactured goods has been slowing down, and manufacturers are concerned it will keep slowing.
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What the declining value of euro means for U.S. exporters

A falling euro is affecting U.S. exporters’ competitive standing.
There are a variety of ways a weakened euro can mess with U.S. companies exporting to Europe.
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Manufacturing employment returns to pre-pandemic level

Jul 8, 2022
Demand for manufactured goods has grown during the pandemic, but new orders have been falling in recent months.
A worker assembles the interior of a safe. Many small business are looking to boost revenues in anticipation of a potential recession.
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