Xometry, Inc. operates an AI-native marketplace that connects buyers and suppliers of custom manufacturing, supported by the Thomasnet industrial sourcing platform and cloud-based services. Company news commonly covers marketplace revenue trends, buyer and supplier network expansion, enterprise customer engagement, international growth, and service enhancements tied to real-time pricing and lead-time data.
Updates also include product and platform developments such as the Xometry Instant Quoting Engine, lead-time prediction models, dynamic pricing logic, and partnerships that embed manufacturability, pricing, sourcing, and execution intelligence into industrial design and procurement workflows. Other recurring items include quarterly earnings releases, investor conference participation, and Thomas sourcing partnerships with manufacturing organizations.
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Xometry and the Women in Manufacturing Association (WiM) released their third annual 'Career Advancement for Manufacturing' report, highlighting that 82% of women would recommend a manufacturing career, an increase from 75% in 2022. Despite this optimism, women hold only 25% of leadership roles in manufacturing, indicating a stagnation in representation. The report also emphasizes that women graduating from STEM programs are significantly more likely to enter manufacturing careers, with 38% of women versus 18% of men. Agriculture, electronics, and environmental sectors lead in female leadership representation. Most desired employee benefits include health insurance (79%), flexible work schedules (72%), and 401(k) matching (66%). The report underlines the need for immediate action to enhance female participation and representation in the manufacturing industry.
Xometry, Inc. (NASDAQ: XMTR) will release its first quarter 2023 financial results on May 10, 2023, before market opening. The company will hold a conference call at 8:30 a.m. ET to discuss these results. Xometry's digital marketplace connects enterprise buyers with manufacturing service suppliers, facilitating growth for manufacturers and ensuring access to global manufacturing capabilities for large enterprises. Investors can register for the call and access the earnings presentation via its investor website, which will also archive the webcast. This earnings report is anticipated to provide insights into Xometry's operational performance and future outlook.
The latest quarterly survey reveals a significant shift in American manufacturing, with 82% of CEOs embracing reshoring strategies, marking a rise from 55% in January. This optimism is driven by the belief that there is sufficient manufacturing capacity in the U.S., with 71% affirming this notion. Additionally, 51% of companies are investing in artificial intelligence (AI), with 68% reporting significant returns on investment. While most executives remain committed to their strategic plans for 2023, 89% anticipate a potential recession, and 54% believe interest rates should be lowered. The survey underscores the importance of technology in future operations, as 97% of CEOs see AI as essential for modernization.
Xometry, a global online marketplace connecting buyers with manufacturing services, has enhanced its Instant Quoting Engine to automatically quote parts with multiple finishes. This update responds to the growing demand for complex parts and expands materials and finishes options, including galvanized steel and stainless steel. Notably, the new quick-turn injection molding service allows for quotes in as little as two hours. The improved order page offers users a comprehensive view of their purchase history and current orders, further optimizing the customer experience. This initiative aims to streamline the quoting process, reducing the time required for buyers to receive pricing and lead-time information.