A new report from the Canadian Federation of Independent Business (CFIB) shows that 32 percent of small businesses in Canada expect their capital investments to decrease in the next two years. Moreover, the study highlights that only 40 percent are actively investing to enhance their productivity. CFIB’s findings indicate that, when adjusted for workforce size, business investment in machinery and equipment fell by 16 percent — roughly $1,178 less per private sector worker — between 2013 and 2023. This decline is exacerbating Canada’s productivity issues, which already trail behind most G7

Milan, 21 February 2023. This afternoon, during a meeting attended by enterprises, the credit world, institutions, and the press, the first Sustainability Report dedicated to the machine tool sector was presented. It was carried out by UCIMU-SISTEMI PER PRODURRE, the Italian machine tools, robots, and automation systems manufacturers' association, in cooperation with ALTIS, Graduate School Business & Society of the Catholic University of Sacred Heart. “Sustainability is an extremely profitable field for companies, because it does not only allow to improve the relations with one’s own

Sesto San Giovanni, 12 July 2021. In 2020, the Italian manufacturing industry of machine tools, robots and automation systems reported a considerable fall of all main economic indicators. Nonetheless, it was able to maintain the positions gained in the international rankings of the sector, where it confirmed its fourth place among manufacturing countries and among exporting countries and its fifth place in the ranking of consumer countries, as a testimony to the importance of the Italian market in the international scenario. The year 2021 is showing a completely different trend, confirming the

Due to the spread of the novel coronavirus or COVID-19, the outlook for 2020 set out at the beginning of the year is now moot. An exogenous shock is hitting the USA and the global economy as a whole to an unknown extent. What is special about the new economic crisis is that there have been simultaneous supply and demand shocks which have commanded not only a reduction in jobs, output, and revenues but also a strong volatility and enormous losses of value on the financial markets. As a result of these shocks, the post COVID-19 manufacturing ecosystem is expected to create a paradigm shift both

The Italian Trade Agency via its North American Offices together with 16 of Italy’s leading machinery manufacturers associations will be producing the 2020 edition of the Machines Italia magazine (Vol XIII). The magazine is being developed with SME, the North American based association who organizes leading events for the advanced manufacturing sector such as IMTS, Fabtech, Rapid amongst others and publishes Manufacturing & Engineering and Smart Manufacturing magazines. We would like to provide those of you who work with Italian solution providers an opportunity to share your company’s

As the current situation regarding COVID-19’s impact on the United States of America’s (USA) manufacturers rapidly changes, the Italian Trade Agency Chicago Office has included a number of what are considered trusted sources providing a wealth of updated information about the virus’s impact on the USA manufacturing economy. Of these sources, IBIS World, Manufacturers Alliance for Productivity and Innovation and National Association of Manufacturers have recently published surveys on the current impact the virus has and will have on manufacturers. IBIS World’s March 24, 2020 survey on the

The USA Market for Advanced Manufacturing (AM) and Robotics Manufacturing in the U.S. has often been assumed to be in long-term decline, with the competitive advantage moving to low-cost countries such as Mexico and China. However, with advanced technologies likely to automate as much as 60% of factory tasks, in the future low-cost countries may no longer enjoy a competitive advantage, and the USA could well regain lost ground. Although many basic and low value-added products have moved out of the USA, the country still has an incredibly thriving manufacturing sector with more than $4 trillion