IMTS to continue to offer digital experiences to foster connections, networking and technical learning opportunities.![]() Because of health and safety requirements imposed by the state of Illinois for holding conventions, which include the availability of a vaccine for the COVID-19 virus or a highly effective treatment protocol, IMTS – The International Manufacturing Technology Show has announced that it has cancelled IMTS 2020. IMTS will offer two comprehensive digital programs, IMTS Network and IMTS Spark, over the next several months to assist exhibitors and the manufacturing community. IMTS is fully committed to returning to McCormick Place as scheduled for its normal rotation, September 12-17, 2022. “The show has been held uninterrupted for 73 years, but now the global coronavirus health crisis requires the cancellation of what would have been the 34th edition of IMTS for the health and safety of our exhibitors, audiences and local business community,” says Peter R. Eelman, Vice President & CXO at AMT – The Association For Manufacturing Technology, which owns and produces IMTS. “Our organization and its members take immense pride in presenting one of the world’s largest manufacturing technology events, one that dates back to 1927. The cancellation is especially poignant because the show was poised to offer an unmatched breadth and depth of resources to help industry rethink, reestablish and reengage with supply chains disrupted by COVID-19.” Visitors who have registered for IMTS 2020 have the choice to receive a refund on registration or transfer their registration to a tax-deductible donation to Miles For Manufacturing, where every dollar is given to programs that prepare students for careers in manufacturing technology. Exhibitors will receive direct communications from IMTS. Digital Experiences While acknowledging that an in-person show can never be replaced with a digital event, Eelman says IMTS feels a responsibility to provide exhibitors and visitors a way to connect. “In the near future, we will launch the IMTS Network and IMTS Spark to provide the IMTS exhibitors and visitors with connections, networking opportunities and technical knowledge,” says Eelman. The IMTS Network will live-stream a wide variety of features and human-interest stories from the Manufacturing Technology sector. IMTS Spark, a new program, will be a comprehensive digital platform that connects IMTS exhibitors and visitors, provides educational and networking opportunities and offers first rate experiences, will launch in the near future. More information, visit imts.com
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The business activity in the US manufacturing sector contracted at a very soft pace in June with the IHS Markit's advanced Manufacturing PMI recovering to 49.6 from 39.8 in May. This reading came in better than the market expectation of 48.
Further details of the publication revealed that the Services PMI rose to 46.7 from 37.5 while the Composite PMI advanced to 46.9 from 37. Commenting on the data, “the flash PMI data showed the US economic downturn abating markedly in June," said Chris Williamson, Chief Business Economist at IHS Markit. "The second quarter started with an alarming rate of collapse but output and jobs are now falling at far more modest rates in both the manufacturing and service sectors.", Market reactionThe US Dollar Index remains under pressure following the upbeat PMI data. As of writing, the index was down 0.48% on the day at 96.55. Source: FXStreet |
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