Milling Machines vs Drill Presses vs Lathes April 19, 2024 Navigating the landscape of machining equipment can often feel like charting through a complex maze, especially when deciding between milling machines, drill presses, and lathes. Each tool boasts distinct features and specializes in different aspects of the machining process, catering to specific tasks, from shaping and cutting to drilling and finishing. Understanding the nuances, capabilities, and applications of these machines is crucial for anyone looking to make informed decisions in the fabrication, metalworking, or woodworking fields. Milling Machines Milling machines stand out in the machining world for their ability to shape and cut materials with precision and versatility. These powerful tools utilize rotary cutting tools to remove material from a workpiece, enabling them to perform a wide range of operations such as … [Read more...] about Milling Machines vs Drill Presses vs Lathes Industrial News Machinery and Equipment
Whatever Happened to ESG? March 21, 2024ESG (Environmental, Social, and Governance) investments were the "hot" new thing in recent years. Investopedia defines ESG investing as referring to "a set of standards for a company's behavior used by socially conscious investors to screen potential investments." Supporters of ESG investing claim it improves customer satisfaction and loyalty, reduces the chance of supply disruptions, enhances hiring and retention, and helps increase the stock price by adding ESG investment funds to the list of potential investors. These claims may or may not be true. As the saying goes, "it's complicated." But even those skeptical of ESG who focus their own efforts on operational efficiency and working capital, will find common ground with another claimed benefit for manufacturers investing in it — reduced waste. This can include implementing … [Read more...] about Whatever Happened to ESG? Industrial News Publisher Page
How To Fix The Manufacturing Talent Gap February 16, 2024At a recent monthly meeting of local executives that we participate in, a recurring theme emerged: a significant loss of talent and skills in manufacturing, challenging to replace with new hires. A primary reason for this talent gap is demographic: the retirement of the Baby Boomer generation. Some sources indicate that 10,000 Baby Boomers reach retirement age daily, though not all are leaving the workforce immediately upon eligibility. Pew Research Center reports that by the end of 2021, nearly 50% of adults over 55 had retired. However, among those aged 55-64, less than 20% had chosen retirement. This specific age group is increasingly impacting manufacturers, many of whom are inadequately prepared in knowledge management to transfer these workers' 40+ years of experience to new recruits or systems. Deloitte Consulting and … [Read more...] about How To Fix The Manufacturing Talent Gap Industrial News Manufacturing and Supply Chain Publisher Page
New vs Used Electric Motors: Which is Right for You? January 17, 2024Choosing between new and used electric motors involves more than just comparing price tags. It's a decision that impacts not only your immediate budget but also the long-term efficiency and reliability of your machinery. Whether you're running a small workshop or managing a large industrial operation, understanding the pros and cons of new versus used electric motors is crucial in making an informed decision that aligns with your operational needs and financial constraints. Benefits of Used Electric Motors Purchasing used electric motors vs new offers several advantages, especially for businesses looking to balance cost-effectiveness with performance. Key benefits include: Benefits of New Electric Motors Opting for new electric motors brings distinct advantages, ensuring that businesses are equipped with the … [Read more...] about New vs Used Electric Motors: Which is Right for You? Electrical and Power Equipment Machinery and Equipment
Hybrids Are Hot! January 5, 2024 You’ll notice the special new shiny cover the SR Catalog received this month! This is in celebration of the upcoming 100th year of Surplus Record printed catalogs, as we move forward into 2024. Our actual 100-year anniversary is in November 2024, so keep an eye out for a special edition that month! While we generally focus on a variety of topics, this edition takes a special look at a rapidly evolving sector in the automotive industry. This month, we turn our attention to a technology that many had written off in recent years but is now surging: hybrid vehicles. Remember the humble first-generation Toyota Prius? Originally driven primarily by environmental enthusiasts and tech- geeks (apologies for the generalization), the Toyota Prius ushered in a new era of hybrid drivetrains featuring gas and electric capabilities. Today’s market … [Read more...] about Hybrids Are Hot! Industrial News Publisher Page