Industry News

Last month, the stock market soared to new heights, achieving record highs driven byoptimism around AI advancements, increased automation, and massive investments such as Project Stargate. However, in a swift reversal, we've recently witnessed the market tumble more than 10% from its peak. (It did the same thing in July to October 2023 but no one talks about that anymore..) While corrections are a natural part of market cycles, understanding the drivers behind this downturn is essential, particularly due to its profound impact on the manufacturing sector. A major factor contributing to the recent market volatility is escalating tensions around international tariff disputes. Trade friction, especially between the U.S. and major global economic players, has reintroduced uncertainty into markets, negatively affecting investor … [Read more...] about Market Correction Hits Economy

The manufacturing industry is undergoing a seismic shift, driven by Industry 4.0. Companies are rapidly adopting artificial intelligence, robotics, automation, and 3D printing. These technologies are transforming production processes, increasing efficiency, and creating new high-skilled jobs. At the same time, they bring new challenges that manufacturers must navigate. With initiatives like Trump’s Project Stargate accelerating AI infrastructure investment in the U.S., the industry is on the brink of massive change. Manufacturers are implementing AI-driven systems to optimize operations. Predictive maintenance, robotics-assisted assembly lines, and additive manufacturing are making production more agile, cost-effective, and scalable. These innovations reduce downtime, minimize waste, and help businesses respond faster to market … [Read more...] about Industry 4.0 and The Future of Manufacturing

In recent weeks, the topic of tariffs has once again taken center stage in North American economic and politicalconversations. On one side of the border, the Canadian government is preparing a retaliatory response if the United Statesimposes sweeping tariffs on Canadian goods—while on the other side, newly elected U.S. leadership is signaling a strongstance on trade deficits and foreign imports. The back-and-forth has left many businesses, especially manufacturers,wondering how it will all play out. While tariffs are often framed as a way to protect domestic industries and encourage local production, they can also lead tohigher costs, strained relationships with trade partners, and an impact on everything from supply chains to used equipmentmarkets. Below, we’ll explore how tariffs might serve as a protective barrier for American … [Read more...] about Tariffs in the Used Equipment World

As we turn the calendar to a new year, the industrial manufacturing sector finds itself on the cusp of significant shifts that promise to shape the global competitive landscape. With the world’s industrial production projected to rise steadily—some analysts expecting a modest but sustained year-over-year growth rate of 3% to 5% for 2025—manufacturers and equipment buyers alike need to understand the forces at play. While exact forecasts vary by region and industry segment, there’s a broad consensus that the coming months will reward companies able to adapt swiftly, embrace digital tools, and capitalize on new market dynamics. Among the most pronounced trends in the current industrial landscape is the move toward aggregation platforms that streamline the equipment search process. Rather than spending countless hours visiting dozens of … [Read more...] about Looking Forward: The Industrial Marketplace and Surplus Record’s Ongoing Evolution

The return of Donald Trump to the White House could bring a seismic shift in policies affecting the manufacturing industry. His proposed economic strategies, from tax reforms to tariffs, have sparked a mix of optimism and apprehension among manufacturers. Here's a closer look at what these changes might mean for the sector. The 2017 Tax Cuts and Jobs Act, often hailed as a game-changer for manufacturers, provided much-needed certainty and financial incentives that fueled a manufacturing resurgence. By lowering the corporate tax rate to 21% (from 35%, and now Trump has mentioned a 15% tax rate for manufacturers domestically!), the legislation enabled businesses to increase wages, expand hiring, and make significant investments in their operations. Trump's proposed extension of these tax cuts, coupled with further reductions for … [Read more...] about Trump’s Economic Plan: A Manufacturing Resurgence or a New Era of Challenges?