Ignoring Industry 4.0 leaves firms vulnerable

Federal and private R&D portfolios are investing heavily in designing and refining the key innovation components of the transition to cyber-physical systems of production: artificial intelligence, automation, IoT, advanced materials, and dynamic, decentralized decision making to name a few elements. There also is a fair amount of buzz about Industry 4.0 from the big manufacturing consultants and around industry trade shows.  Innovation and optimization, however, appear to be two very distant points on a continuum for both U.S.

Upjohn: ROI of Manufacturing Extension Partnership eclipses 14:1

The National Institute of Standards and Technology’s (NIST) Hollings Manufacturing Extension Partnership (MEP) Program generates a sizeable financial return on investment for the federal government, according to a recent study by the Michigan-based W.E. Upjohn Institute.

The National Institute of Standards and Technology’s (NIST) Hollings Manufacturing Extension Partnership (MEP) Program generates a sizeable financial return on investment for the federal government, according to a recent study by the Michigan-based W.E. Upjohn Institute. The $140 million invested in MEP during FY 2018 by the federal government generated more than $2.0 billion in increased federal personal income tax, a ROI of roughly 14.4:1 according to Upjohn researchers Jim Robey, Randall Eberts, Brian Pittelko, and Claudette Robey. Based on direct, indirect, and induced jobs generated by projects at MEP centers, the authors also find evidence that total employment in the U.S. was nearly 240,000 jobs higher than it would have been without the program.

Analysis finds software accounts for nearly one-third of business R&D, up 60 percent over 10-years

Software plays an increasingly large role in private sector research and development (R&D) expenditures, according to new research from the National Science Foundation’s (NSF) National Center for Science and Engineering Statistics (NCSES) and the Bureau of Economic Analysis (BEA). Based on a recent change in how the BEA treats software R&D in its calculations for gross domestic product (GDP) and other metrics, the analysis finds that the share of business R&D coming from software increased from 20 percent in 2006 to 32 percent in 2016, a 60 percent increase. The authors also look at longer-term trends in business R&D expenditures on software, as well as an analysis of software R&D in manufacturing and non-manufacturing industries.

RFP for Policy Academy on strengthening your state’s manufacturers

NIST Manufacturing Extension Partnership program is seeking participants for its second Policy Academy cohort designed to leverage manufacturing growth in your state. Funded by NIST MEP and organized by SSTI and the Center for Regional Economic Competitiveness (CREC), the Policy Academy will provide participants with an opportunity to collaborate with other states to identify best practices, partnerships, and policies that will strengthen their manufacturers.

Manufacturers' outlook strong; demand for skilled workers grows

In the first quarter Manufacturers’ Outlook Survey for 2019, manufacturers continue to report a positive outlook for their own company and marked nine consecutive quarters of record optimism. However, their top concern remains the inability to attract and retain a quality workforce (71.3 percent cited the inability to attract skilled workers as their top challenge).

DOE announces $70 M for cybersecurity institute for energy efficient manufacturing

This week, the U.S. Department of Energy (DOE) announced up to $70 million for a Clean Energy Manufacturing Innovation Institute to develop technologies that will advance U.S. manufacturing competitiveness, energy efficiency, and innovation. This institute will focus on early-stage research for advancing cybersecurity in energy efficient manufacturing.

Family-owned manufacturers lacking succession plans; negative economic impact forecast

One of the most important economic development issues facing communities across the country, especially those reliant on family-owned manufacturing firms, may sometimes fly under the radar: succession planning. A robust study from the Great Cities Institute at the University of Illinois-Chicago combines qualitative (literature review, survey, and interviews) and quantitative analyses (economic impact report) to shed light on this issue, with a focus on the Chicago metropolitan area.

DOE announces intent to issue funding opportunity for cybersecurity institute for energy efficient manufacturing

The U.S. Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE) announced their intent to issue a Funding Opportunity Announcement (FOA) establishing a new Clean Energy Manufacturing Innovation Institute. The institute will develop technologies that will advance U.S. manufacturing competitiveness, energy efficiency and innovation.