Automotive and industrial companies ‘could unlock billions in revenue’ through new growth strategies

Accenture using a “new way” of measuring corporate competitiveness

Industrial companies, such as automotive manufacturers, could unlock billions of dollars in revenue by adopting a more “holistic strategy”, according to a new report by Accenture.

The business management consultant conducted a survey into competitiveness in industry and found that the best approach is one that places equal emphasis on growth, profitability, sustainability and trust.

This “inter-dependent” strategy “yields massive growth potential”, says Accenture, which bases its conclusions on analysis of 47 automotive and industrial companies’ performances.

Continue reading Automotive and industrial companies ‘could unlock billions in revenue’ through new growth strategies

Proactive vs reactive obsolescence management

Proactive vs reactive obsolescence management

Jonathan Wilkins, marketing director of obsolete parts supplier EU Automation discusses the benefits of a proactive obsolescence management strategy for manufactures

With industrial obsolescence speeding up, it is vital for manufacturers to have some level of obsolescence management strategy in place to mitigate the risks of obsolescence.

Companies can implement strategies that are proactive, reactive or a mixture.

According to one of Aesop’s fables, one summer’s day an ant was working hard dragging food back to its nest when came across an idle grasshopper, singing to its heart’s content.

The grasshopper asked the ant to stop and chat – but the ant ignored him and carried on preparing for winter.

When the seasons changed, the grasshopper looked enviously upon the ant’s vast food supplies and regretted his idleness bitterly.  Continue reading Proactive vs reactive obsolescence management

Meinhardt partners with International Enterprise Singapore to expand into Africa and Middle East

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Despite headwinds in the global economy, internationalisation will continue to drive the growth of companies in the engineering consultancy sector as infrastructure demand remains strong globally.

Meinhardt Group, a global engineering, planning and management firm, is working closely with International Enterprise Singapore, the government agency partnering Singapore companies in going global, on its expansion strategy to Africa and the Middle East.

This includes the company’s recent acquisition of African engineering consultancy to gain in-roads into East Africa.  Continue reading Meinhardt partners with International Enterprise Singapore to expand into Africa and Middle East

Audi shows off its smart factory technologies

Virtual assembly technology at Audi’s smart factory
Virtual assembly technology at Audi’s smart factory

Audi has been demonstrating its advanced manufacturing technologies, much of which went into building its newly opened smart factory in Mexico, where the automaker’s Q5 vehicle is being produced.  Continue reading Audi shows off its smart factory technologies

Chinese manufacturing industry setting itself copy deadline

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Picture of Haima Mazda factory, China, by John Lloyd

China-based investment expert Edward Tse, CEO of Gao Feng, says Chinese manufacturers have progressed from being considered “shanzai” – copycats – to embracing the idea of becoming developers of advanced robotics and automation systems

Chinese electrical appliance manufacturer Midea’s move to acquire Kuka, the German robot maker, could be a defining moment in the evolution of China’s manufacturing sector.

China’s reliance on low-cost, labour-intensive manufacturing to power its immense economy is no longer attractive, mainly due to the rise in labour and other costs.

The world’s second-largest economy needs to seek alternative ways to grow and companies like Midea are showing the way.  Continue reading Chinese manufacturing industry setting itself copy deadline

Investing in robotics and automation – part one

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Picture credit: Flickr

Beginning a new series of articles about investing in robotics and automation, Brian Gahsman, managing partner and chief investment officer at GBSfunds.com, explains how his company, Gahsman Branton, approaches the market 

Source: Gahsman Branton 

Check out realtime stock prices for companies in the robotics, automation and relating computing sectors

Robotics and Automation News: Tell us about GBS Funds and what its aims are. Tell us about the composite and investment fund for the “robotics revolution” as you call it.

Brian Gahsman: GBS Funds is an investment management company which was started by Rob Branton and myself this year. We are launching our first fund, the GBS Global Innovations Fund on October 1st 2016.

The fund’s main focus is investing in companies worldwide which play a critical role in the global robotics and automation revolution. The strategy will also invest in game changing innovations across other diverse industries and sectors.

In early 2014 I began to research the technological evolution of global robotics and automation comparative to capacity and demand which became a sub strategy of a previous fund that I co-managed.  Continue reading Investing in robotics and automation – part one