Industry News

With many technological advancements and changes happening in the manufacturing industry, it can be hard to keep up. To put it simply, the future of manufacturing looks very promising. In fact, more than 670,000 manufacturing jobs have been added since 2021, according to Spectrum News. So, what does the future of productivity and growth in United States manufacturing look like? Let’s answer some looming questions about the manufacturing industry. How Is Manufacturing Changing? In recent decades, the United States seemed to be in danger of losing its position as a world-leading manufacturing economy. This can be contributed to design services and software activities rather than actual physical production. However, there are some recent trends that point to the potential for a growth resurgence. Today, manufacturing in the United … [Read more...] about The Future of Productivity and Growth in U.S. Manufacturing

Welcome to the new Surplus Record magazine! This is the first time since 1955 our publication has undergone a complete re-design, and only the second time in our entire 99 years of printing our publication! First let’s knock a few questions out of the way…      So please sit back, relax, cut out some screen time, and enjoy browsing the New & Improved 1,179th Surplus Record magazine! Who knows, you may just be one page away from finding the exact equipment item you need, or finding a trusted equipment Dealer that will supply your company with used, remanufactured, or surplus equipment for the next decade! Special thank you to our partners EP Graphics, ePageCity, RFBDesign, and of course our Advertisers that helped make this possible keeping the last publication of surplus/used equipment for sale alive in … [Read more...] about February 2023 Publisher Page: Welcome to the New Surplus Record Magazine

When it comes to buying industrial machinery and equipment, factories and manufacturers must consider several factors before making a purchase. One of the most important decisions to make is whether to buy new or used machinery. In this article, we will explore some of the pros and cons of both options and help you decide which is the best choice for your specific needs. Do You Save More with Used Machinery and Equipment? One of the main factors to consider when buying industrial machinery is cost. On the surface, it may seem like used machinery is the more cost-effective option, as it is typically priced lower than new machinery (usually 30% - 70% lower depending on the demand of the equipment). However, there are a few factors to keep in mind. Used Machinery Costs It's important to keep in mind that purchasing used … [Read more...] about Buying New vs. Used Machinery and Equipment

The Oxford English Dictionary defines survival, “as the state of continuing to live or exist, often despite difficulty or danger.” Many manufacturers in the quarters to come may find themselves in a survival state given a combination of sector dependent inflation/deflation, inventory challenges, employment woes, supply chain disruptions and declining consumer demand. And those lucky ones which do emerge partially or fully unscathed would do well to prepare for the worst even if they emerge among the best. Surviving -- let alone thriving -- in this climate will be easier said than done. And it will require looking beyond the headlines. For example, it would be easy to read a popular business newspaper, magazine, or online journal in June of this year, and believe that we were still living through unbridled economic inflation across what … [Read more...] about Manufacturing: Surviving Inflation, Supply Chain and Stock Market Woes