manufacturing

AI and Robotics Power Auto Sector’s Smart Manufacturing Drive
AI and Robotics Power Auto Sector’s Smart Manufacturing Drive
March 12, 2024  |  Artificial Intelligence

Traditional manufacturing processes often suffer from inefficiencies, delays and limited visibility into operations. However, with the integration of artificial intelligence (AI) tools, Internet of Things...

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Real-Time Payments Set to Replace Checks, ACH in the Manufacturing Industry
Real-Time Payments Set to Replace Checks, ACH in the Manufacturing Industry
December 14, 2023  |  Real-Time Payments

The manufacturing industry is on the verge of a major transformation in payment practices, PYMNTS Intelligence revealed. The report “Corporate Changes in Payment Practices: Manufacturing...

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Is B2B Ready for a Real-Time Payments Overhaul?
Is B2B Ready for a Real-Time Payments Overhaul?
December 13, 2023  |  B2B Payments

Real-time payments have the potential, and the promise, to overhaul all corners of commerce. The recent introduction of the FedNow® System is only the latest...

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Manufacturers Favor Digital Giants Over Banks to Deliver Real-Time Payments
Manufacturers Favor Digital Giants Over Banks to Deliver Real-Time Payments
December 07, 2023  |  Faster Payments

The manufacturing sector is undergoing a significant transformation in its payment practices, with a growing emphasis on real-time payments. In fact, instant payments have emerged...

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Nearly 9 in 10 Manufacturers See Real-Time Payments a 2024 Priority
Nearly 9 in 10 Manufacturers See Real-Time Payments a 2024 Priority
November 22, 2023  |  Faster Payments

Real-time B2B payments are transforming industries in which the number of payment transactions is very high — such as the manufacturing sector. According to a...

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77% of Real Estate Companies Plan to Adopt Real-Time B2B Payments
77% of Real Estate Companies Plan to Adopt Real-Time B2B Payments
October 12, 2023  |  Real-Time Payments

Real-time payments are becoming a major player across industries. Large retail, manufacturing and insurance firms recognize the significance of real-time payments for business-to-business (B2B) operations....

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Two-Thirds of Manufacturers Plan More Real-Time Payments Features Within 12 Months 
Two-Thirds of Manufacturers Plan More Real-Time Payments Features Within 12 Months 
September 22, 2023  |  Real-Time Payments

The pivot toward real-time payments is sweeping what might be the most “smokestack” of the some-stack verticals within the economy. That would be manufacturing, of...

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Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures
Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures
September 21, 2023  |  Economy

The Philadelphia Federal Reserve’s September Manufacturing Business Outlook Index offers up a monthly survey of manufacturers’ current business conditions and their outlook on what’s to...

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Factory Order Data Underscores Need for Robust Inventory Management — and Financing
Factory Order Data Underscores Need for Robust Inventory Management — and Financing
September 05, 2023  |  Economy

The U.S. Commerce Department said Tuesday (Sept. 5) that orders for U.S. manufactured goods were down in July, by 2.1%, a reversal from four straight...

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