Manufacturing output rose 0.5% in July, but the growth rates for the previous three months were revised down.
The groundbreaking is expected to take place in the fall of 2023, with a grand opening expected in the spring of 2024.
The U.S. Cutting Tool Institute has optimism that tool sales for the remainder of the year will be positive as hiring pressures ease
Lumber deflation and a wet start to spring drove a dip in Home Depot’s sales, just as it did in the first quarter.
Interos surveyed 750 companies with annual revenues above $500M from industries including energy, financial services, oil and gas, healthcare, government and aerospace.
The news comes just a couple of days after reports surfaced about Amazon offering sellers an AI tool to help them write product descriptions.
With the grand opening of the new 650,000-square-foot central distribution center, Cooper was able to triple the Learning Lab training area.
The 2.25-million-square-foot warehouse is scheduled to open in 2025.
As a result of the consolidation, about 500 Republic Steel employees will be furloughed indefinitely.
Amazon is already using AI to sort damaged goods, while Walmart uses ChatGPT to negotiate contracts with some suppliers.
New orders of manufacturing technology totaled $411.3M in June, according to the latest U.S. Manufacturing Technology Orders Report.
The distributor also announced a new leader for its Industrial Parts and Engineered Repair Services segments.
