TESCO Metering Gains NEMA made in America Certification

TESCO Metering Gains NEMA made in America Certification

TESCO Metering has been certified as a pilot partner in NEMA's 'Made in USA' program, demonstrating its strong commitment to domestic manufacturing. Through dual certification of its supply chain processes and products, TESCO actively supports the 'Buy American' Act, setting a compliance benchmark for the power industry. TESCO's vertically integrated manufacturing model and customized solutions help companies reshore to the United States, empowering the modernization of energy infrastructure. This certification highlights TESCO's dedication to American jobs and a robust domestic economy.

China Drives Global Surge in Industrial Robot Adoption

China Drives Global Surge in Industrial Robot Adoption

The International Federation of Robotics reports a 10% increase in global industrial robot stock in 2023, reaching 4.28 million units. The Asian market dominates, with China leading globally with a 51% share. The market share of Chinese domestic robot manufacturers has significantly increased, indicating the future of smart manufacturing. The Chinese market possesses immense potential and is projected to maintain growth through 2027. This highlights China's crucial role in the global industrial robotics landscape and its continued advancement in smart manufacturing technologies.

US Service Sector Expands Steadily in October ISM

US Service Sector Expands Steadily in October ISM

U.S. non-manufacturing activity expanded strongly in October, with the NMI rising to 55.4. Business activity and employment increased, and new orders expanded. The future presents both opportunities and challenges. This indicates continued growth in the services sector, a key component of the U.S. economy. The ISM report provides valuable insights into the current state and near-term outlook for the non-manufacturing sector, influencing economic forecasts and investment decisions. While the current expansion is positive, potential headwinds could impact future growth.