Baker Hughes’ subsea drilling systems and Akastor’s MHWirth merge
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
The new company, HMH, aims to support the industry’s transition toward more energy-efficient solutions, as well as deploy technologies and service solutions to make the sector more competitive through increased drilling efficiency.
#VMAnews
New EIA study reports drop in nuclear power plant outages
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
The U.S. Energy Information Administration data shows that unplanned nuclear plant outages averaged more than 90 outages in 2000, peaking at nearly 120 in 2003, and since steadily fell to 34 so far this year.
Emerson helps Colgate-Palmolive pursue net zero carbon
By: Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
The project is part of Colgate’s digital transformation program and uses Emerson’s specialized Aventics pneumatic sensors and IIoT-enabled software to precisely monitor compressed air flow in real time.
#VMAnews
Chaotic trans-Pacific shipping disruptions continue
Edited by Margo Ellis, Former Editor, Valve Magazine
The familiar levers for logistics managers to manage shipping disruptions, such as alternative port routing and front-loading inventory, provide little relief in this chaotic trans-Pacific trade, reported the Journal of Commerce on Sept. 30.
Commercial Construction Index reports slow recovery
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
Worker shortages, materials shortages and rising costs have led to a slowdown in the post-pandemic recovery for construction contractors. The CCI score rose one point this quarter to 66.
Manufacturing Institute survey reports production bounceback
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
In the most recent NAM Manufacturers’ Outlook Survey, the Manufacturing Institute reports that manufacturing production has bounced back year to date, with output being the strongest since August 2019 in the latest data, exceeding pre-pandemic levels.
Gardner Business Index shows slow expansion in third quarter
By: Michael Guckes, Former Chief Economist & Director of Analytics
The Gardner Business Index (GBI) closed September at 58.0. Employment, production, new orders and backlog activity all registered slowing expansion during September.
Supply chains impacted by shortage of workers
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
Fixing supply chain woes will be a long process, and many of the problems currently being experienced are due to a lack of labor. Technological advances such as automation and artificial intelligence will help companies find a solution.
#automation
Petrochemical shortages are causing prices to skyrocket
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
Analysts are expecting petrochemical shortages to last well into 2022.
EIA projects global energy consumption and emissions will increase through 2050
Edited by Chris Pasion, Managing Editor, Modern Machine Shop | Production Machining
The U.S. Energy Information Administration projects that strong economic growth, particularly with developing economies in Asia, will drive global increases in energy consumption to grow by nearly 50% between 2020 and 2050.
VMA MEMBER NEWS
Strength Through Community and Collaboration
In the last issue, I reflected on the importance of agility in today’s business environment.
#VMAnews
VMA Works to Protect Member Interests with Capitol Hill Visits
Topics discussed include tax issues, PFAS regulations and consistency in trade policies.
#VMAnews
Meet the Chairman: Kirk Wilson
Wilson tells us about his goals for his tenure as chairman and what he thinks the biggest challenges and opportunities valve manufacturers and the industry are facing today.
#VMAnews
