Manufacturing Insights

Dec. 29, 2020 – With 2020 quickly coming to an end, Venkat Eswara, vice president of product marketing, Syncron – a manufacturing tech provider that works with OEMs including Mazda, JCB and Hitachi Industries – predicted what could be on the horizon for 2021. From remote service to “contactless” test drives, manufacturing has gone to great lengths in its attempts to modify…

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Outgoing AEM Board Chair Looks Ahead

Dec, 17, 2020 – Outgoing Association of Equipment Manufacturers (AEM) Board Chair Jeff Reed, president and CEO of Reed International/VSS Macropaver, addressed some of the critical issues AEM members will face this coming year. “The issue of COVID-19 isn’t behind us, and that will continue to be the case in 2021 and beyond,” he stated. “We’ve learned to be efficient while…

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PCA Forecasts Cement Consumption Decline Into 2021

The Portland Cement Association (PCA) released its annual Fall Forecast, which predicts a modest decrease in cement consumption during 2020 and 2021. PCA Market Intelligence expects cement consumption, based on the weighted average of three different economic scenarios, will lessen by 1.5% for the remainder of 2020 and 0.9% in 2021.

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This Week’s Market Buzz

• Oil futures lost ground at press time, prompting prices to turn lower for the week, as an accelerating rise in COVID-19 cases in the U.S. and Europe heightens worries about demand for crude. West Texas Intermediate crude for November delivery fell 58 cents, or 1.4%, to $40.38 a barrel on the New York Mercantile Exchange, December Brent crude was…

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