Market trends and business perspectives
Once firmly in the realm of science-fiction, technological advances mean the concept of a “smart city” is now closer than ever to science-fact.
But, what does the concept mean? And how will it actually affect our day to day lives?
A smart city is a place where absolutely everything is connected and streamlined to work in sync with everything else. [Read more…] about Last-mile logistics: Our cities are getting smarter
With technology becoming an integral part of business operations, several organizations are investing in robotics and automation to streamline their processes, create a safe work environment, and boost profitability.
Small and medium-sized enterprises (SMEs), in particular, are increasingly relying on automation to gain a significant increment in their process-and-workforce efficiency.
However, most SMEs are reluctant to invest in robotics as conventional industrial robots are complex, expensive, and require large shop floor space for deployment. Moreover, the payback period for these robots is extremely long, making them expensive for SMEs. [Read more…] about 4 reasons why collaborative robotics is the answer to SME automation
The Fonds de solidarité FTQ and the Fonds régionaux de solidarité FTQ – Estrie have announced a $5 million investment in Belt-Tech Products Inc, a manufacturer of seat belt webbing for the automotive, industrial and aviation markets.
The funds will be used to purchase equipment, increase working capital to support expanding operations, automate its plant and improve productivity by making the innovation shift to Industry 4.0.
A second innovation project is also under way to automate the dyeing process.
Belt-Tech – which is based in Granby, Quebec, in Canada – says it is positioning itself as “a leader in the $100 million North-American automotive and aviation seatbelt market”. [Read more…] about Canadian investment fund puts $5 million into Belt-Tech Products Inc
