Manufacturing

Cognex has announced Paul Todgham, its senior vice president of finance and chief financial officer, will depart the company in March.

After hinting at a corporate restructuring in November, Psychemedics, an Acton-based manufacturer of hair drug testing kits, has announced it is moving their corporate headquarters to Dallas, Texas.

As 2023 comes to a close, it’s time to look back at some of the major business stories that impacted key industries.

Process Cooling Systems Inc., a Leominster-based provider of manufacturing-related water systems, is the latest Massachusetts company to give their employees a stake in the business that they work for. 

For the second consecutive month, Massachusetts unemployment numbers saw a slight increase.

Chaos would probably be a fitting description for the cannabis industry in general during 2023 and don’t expect that chaos to dissipate in 2024.

The reverberations of the coronavirus pandemic’s impact will continue to impact the manufacturing space in 2024, as companies face challenges in adapting to supply chain shortages in certain sectors like pharmaceuticals, worker shortages, increased costs, and changing consumer trends.

In December 2022, the WBJ Editorial staff made 10 bold predictions for news events to happen in Central Massachusetts throughout the year. Turns out, we missed the mark on all but two.

Every December for this Economic Forecast special edition, the journalists in the WBJ newsroom forecast 10 possible news events for the coming year, based on their expertise and the trends in the Central Massachusetts business community.

Looking into 2024, it appears more Central Massachusetts business leaders are feeling positive about the economy than they have in the recent past.