Issues in the Brief
Trends From Year 1 of Conflict Minerals Reporting
In a recent webinar, two Deloitte CPAs provided a comprehensive review of manufacturers’ reporting practices and expectations for year two’s disclosure requirements. Watch the full recording for the extensive Q&A covering executives’ top conflict minerals concerns—including smelter lists, penalties and IPSAs.
Video: Why U.S. Manufacturing Is Still Important
Check out our video illustrating parts of our revamped Facts About Modern Manufacturing to learn how other sectors rely on manufacturing, such as manufactured products (steel, cement, equipment, etc.) being used in construction.
U.S. Needs a More Competitive Corporate Tax System
A white paper from the MAPI Foundation and NAM notes that the U.S. corporate tax system is a drag on manufacturers’ global competitiveness. The paper looks at tax rates in developed countries and finds that the United States is at a disadvantage.
Footloose and Fossil Fuel–Free
Investment in renewable energy is growing and countries are taking strides to decrease their dependence on fossil fuels. American manufacturing is rising to the challenge and developing products as diverse as solar electric systems, wind power solutions and fuel cells.
Oil: What’s Up? What’s Down?
The WTI spot price of crude oil has bounced between $43 and $56 per barrel since the beginning of 2015. As prices of petroleum products have fallen, consumers have clearly benefited, as has the overall economy. On the negative side, falling prices have reduced the demand for manufactured products used in oil and natural gas development.
A Murky Outlook for U.S. Manufacturing
While total industrial production, consisting of manufacturing, mining, and utilities, contracted by a sharp 0.6 percent in March, all of the decline was a result of a 5.9 percent contraction in utility output and a 0.7 percent decline in mining production.
U.S. Industrial Outlook: Strong Dollar Offsets Low Energy Prices
Through 2016, manufacturing is forecast to grow faster than the overall economy. Growth drivers include the construction supply chain, transportation equipment infrastructure and medical care expansion.
Manufacturing Activity March 2015
Jobs are the bright spot in recent manufacturing data, which overall suggest a weak first quarter for the sector. Growth momentum is being held back by the strong dollar, slower growth in key economies and the fall in the price of oil.
European Manufacturing Recovery Stalls but Overall Conditions Improve Slightly
Aside from energy, manufacturing in Europe is subdued. Industrial production in the Eurozone is forecast to rise 1.3% in 2015 and 2% in 2016; the region should shift into a more investment-driven growth phase later this year.
MAPI Foundation Business Outlook April 2015
The Composite Business Outlook Index declined in April, falling from 66 in January to 64.1 The index remains well above 50, the dividing line between expansion and contraction, and thus points to continued expansion over the next three to six months.
Meet the Fluid Power Vehicle Challenge Teams – Part 3
Article By: Mary Pluta Programs like the Fluid Power Vehicle Challenge are made possible in part by the generous support of industry volunteers as well as NFPA Education and Technology Foundation, Pascal Society, and Tom Wanke Legacy Fund donors. Support these efforts by making a donation. Twenty-three teams from universities around the country are getting ready to participate in…
Groundbreaking Attendance Records at IFPE and CONEXPO-CON/Agg 2023
As the largest trade show in North America, it is no surprise that IFPE & CONEXPO-CON/Agg continued to grow in exhibitors and attendees. This year’s show reached a new high, attracting over 139,000 attendees from around the world. IFPE 2023 showcased the fluid power industry and featured many new innovative and cutting-edge fluid power technologies as…
Catching Up With NFPA Robotics Challenge Scholarship Winners; 2022 Winner Seeking Fluid Power Internship
By: Haley Nemeth The NFPA Education and Technology Foundation has awarded six scholarships to students through the Robotics Challenge Scholarship. The scholarship awards $30,000 ($7,500 per year for four years) to high school seniors who participate in a VEX, FIRST®, or NRL Robotics Competition Team and use pneumatics in the competition robot. The goal of…