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ISM’s spring survey of purchasing and supply executives found that expectations are high for the remainder of the year across the manufacturing and service sectors. Â
Acuity Brands also announced on Tuesday that Peter Han, the co-founder of Rockpile Ventures, is now president of Acuity’s newly-named Intelligent Spaces Group (ISG).
Pittsburgh-based PPG has completed the acquisition of Wörwag, which employs 1,100 people worldwide.
The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for March increased 18.5% from the same month in 2020.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.4% during the month.
Amazon is offering potential employees $100 if they’ve already been vaccinated and signing bonuses of up to $1,000.
Despite the year-over-year increase, Alibaba Group posted a net loss in 4Q due to a $2.8 billion antitrust fine last month.
Supply chain issues and rising cost of materials slow cutting tool industry’s rebound from COVID.
The seasonally adjusted Fastener Distributor Index (FDI) for April was 58.7, down from 66 in March due to global supply chain issues.
Atlas Copco’s newest asset, MidState Air Compressor, has 15 employees and covers markets in Connecticut, Rhode Island and Massachusetts.
