Friday Brief Intro 21/10/2022

Good afternoon and welcome to this week’s Friday Brief. We hope you’ve all had a great week filled with success and prosperity.

First up today we have a story for you from Croner. They have a few upcoming webinars next month that may be of interest to you. Find links to register in the story below along with more information.

The MTA have selected Orissa International (www.orissa-international.com) as an Approved Supplier to provide market entry services to MTA’s members who require one or more services for the Southeast Asian region. Orissa International is a trusted advisor to over twenty export promotion agencies and industry associations from around the world. To check which services are involved please go to the story below.

The 13th edition of Advanced Engineering will celebrate innovation, collaboration and sustainability within the engineering and manufacturing industries. Don’t miss your chance to be inspired by innovation at Advanced Engineering. Register for free through the link in the story.

Prodtex are hosting a webinar on October 27th at 2pm where we will be discussing the benefits of using the 3DEXPERIENCE Delmia platform process planning tools to digitally generate your EBOM, MBOM, process plan and resource link from a single source of truth data set. This unlocks new levels of concurrent collaboration between design and manufacturing departments.​ More details can be found below.

BSI have 5 new standards ready to be revised. You can find all the propels in the story, go and check it out to have your say and make any comments.

We also have a notification of publication from BSI this week. Find out which standard was publisjed please go to the story and log into BSOL.

Jack Semple from EAMA has put together a very interesting story regarding the historic week at Westminster. You can find notes on the statements made, shared views with Labour and what comes next. Don’t miss out on this great story, made sure to read it below.

This week saw the MTA’s annual Forecast Seminar at which our new predictions for the UK market for both machine tools and cutting tools were presented alongside the latest edition of the global machine tool forecast. Delegates heard Ben May and Jeremy Leonard from Oxford Economics outline their latest thinking on the general economic situation and the outlook for industry at a global level, including the key risks to the forecast before Geoff Noon took the delegates through the UK specific issues around the forecast. In our article we summarises these presentations and provide the link for members to access the forecast reports and the presentations.

There is little other economic news this week but we report on the latest data on the US market for machine tools and cutting tools. The former looks to have turned a corner but this year is still expected to have a very strong outcome; tooling demand continues its slow but steady recovery, helped by an easing of supply chain problems that have restricted output in key user industries.

Finally, we will be closing the MTA Business Survey for September early next week so, with thanks to those that have responded, there is still time for the rest of you to let us have your input via our website at www.mta.org.uk/mta-business-survey-sep22.

That concludes this week’s Friday Brief. We hope you all have a great weekend, and we look forward to ‘seeing’ you again next week for the last Friday Brief on the month.

ECONOMIC NEWS

USMTO and CTMR, August 2022:  The US Manufacturing Technology Orders (USMTO) programme tracks orders in the US market, based on the reports from participants.  In the first 8 months of 2022, orders were running at +5.3% above the same months (January to August) last year. With IMTS occurring in September, there should be another boost […]

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NEW MTA FORECASTS

Delegates to the MTA Forecast Seminar this week heard an outline of a challenging year ahead, albeit a view with some mitigating factors in some areas. Global Economic Outlook:  Ben May, Director of Global Macro Research at Oxford Economics considered the question of whether we are on the cusp of a global recession with the […]

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Webinar invite – Process Engineering on the cloud with 3DEXPERIENCE Delmia

Prodtex are hosting a webinar on October 27th at 2pm where we will be discussing the benefits of using the 3DEXPERIENCE Delmia platform process planning tools to digitally generate your EBOM, MBOM, process plan and resource link from a single source of truth data set. This unlocks new levels of concurrent collaboration between design and […]

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Review of the week in Westminster

At the end of an historic week at Westminster, here are some highlights, with comment. Prime minister Liz Truss resigned on October 20th.  In a brief statement, she said that she had “set out a vision for a low tax, high growth economy – that would take advantage of the freedoms of Brexit.  I recognise […]

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Notification of Publications BSI

Please be advised that the following Standards has been published and is available to view on BSOL, the British Standards Online Library. You can log into BSOL here: Take me to BSOL BS ISO 8000-115:2018 Data quality. Master data: Exchange of quality identifiers: Syntactic, semantic and resolution requirements BS ISO 14306:2017 Industrial automation systems and integration. JT […]

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BSI Standards

Please be advised that a New Work Item Proposal has been loaded to the BSI Standards Development Portal for comment. Any comments received will be submitted to the national committee IST/33 “Information security, cybersecurity and privacy protection” for consideration when deciding the UK response to the associated Standards Development Organisation. Proposal: EN ISO/IEC 15408-1 Information […]

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Advanced Engineering

GKN, Ford, Airbus, Rolls-Royce and many more are attending Network with them at Advanced Engineering! 2 & 3 November 2022 | NEC, Birmingham When was the last time you had the chance to properly chat about the industry we all love, pick the brains of industry leaders and find out what fantastic things your peers […]

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Croner: November’s Event Schedule

Croner have some exciting events to finish 2022. Firstly, please find November’s webinar schedule linked HERE. This is a new launch of their exclusive webinars now known as ‘Networking and Knowledge Share’. You are now able to ask questions throughout the webinar, and a dedicated member of our advice team will respond during this time. Secondly, […]

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Connecting UK Manufacturing and Engineering Companies to Southeast Asia

The Manufacturing Technologies Association has selected Orissa International (www.orissa-international.com) as an Approved Supplier to provide market entry services to MTA’s members who require one or more of the following services for the Southeast Asian region: Market Research (e.g. local competition, potential clients, regulations, routes to markets, etc) Partner Finding (e.g. buyers and/or suppliers, or others) […]

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