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Metalworking Index Signals Slowing Expansion in November 2020

Metalworking Index Signals Slowing Expansion in November 2020
The Gardner Business Index: Metalwork fell to 50.2 in November 2020, indicating that while growth has continued, it is slowing and could turn to another contraction.

Survey Sees Machine Tool Buyers Seeking to Reduce Costs and Add Operational Flexibility
The 2021 Metalworking Capital Spending Survey from Gardner Intelligence shows overall purchasing declines but increased investment in higher-end machine tools such as turn-mill machines and five-axis machining centers.

A Makino A500Z five-axis machining center spindle engages an angled part at 2020 Top Shops Honors Program winner Pacon Manufacturing.

Benchmarking Becomes a Call to Action
A means of measuring performance evolves into a tool for catalyzing change as Modern Machine Shop’s Top Shops program matures.

Top Shops conference attendees watch a presentation at the 2019 event.

An Introduction to Modern Machine Shop's Top Shops Program
Presented by Gardner Intelligence, an annual benchmarking program helps CNC machining businesses specifically evaluate and improve performance.

Metalworking Business Activity Reports Additional Slowing Contraction

Metalworking Business Activity Reports Additional Slowing Contraction
July data extends the slowing contraction trend initially reported in May.

Cutting Tool Orders May Have Reached Low Point

Cutting Tool Orders May Have Reached Low Point
The pandemic accelerated the contraction in metalworking and extended the accelerating contraction in cutting tool orders. But, the GBI: Metalworking indicates the lows in cutting tool orders may be in the past.

Video: The Importance of Reshoring Mold and Die Manufacturing
The die and mold tooling sector controls a manufacturing market more than 10 times larger than the market this tooling is used in. Experts discuss why the price savings of offshoring tooling misses the total cost of sending tooling work away.

Metalworking Activity Collapses as Coronavirus Forces Broad Economic Contraction

Metalworking Activity Collapses as Coronavirus Forces Broad Economic Contraction
The reading hits a record low as new orders contract, exports shrink and unemployment soars.

World Machine Tool Report Shows Manufacturing Shift to North America
After increasing machine tool purchasing for the past two years, 12 of the top 15 machine tool consuming countries decreased in 2019 in the midst of a worldwide downturn. But in a sign of reshoring, the U.S. increased its share overall, and machine tool purchasing by Mexico increased.

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