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Sole Source Capital acquires Peak-Ryzex and Optical Phusion

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Sole Source Capital, an industrial-focused private equity firm, has acquired Peak-Ryzex from Keystone Capital and Optical Phusion from its founders, two leading providers of automatic identification, data capture and factory automation solutions.

The companies will be merged and led by Peak-Ryzex CEO Juliann Larimer, CFO Michele Adams and Optical Phusion president Tony Rivers. Terms of the transactions were not disclosed.

The combination will yield significant technological and operational synergies as well as deliver enhanced cross-selling opportunities to a broad set of clients ranging from small and medium sized businesses to Fortune 500 companies – all seeking supply-chain logistical support. [Read more…] about Sole Source Capital acquires Peak-Ryzex and Optical Phusion

7 Supply Chain Technology Trends Shaping a Sustainable Future

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In almost all industries, companies are confronted with the sustainability challenges induced by climate change, scarcity of natural resources, and ever-shifting customer demands.

In general, a sustainable supply chain is one that ensures to balance the economic, social, and environmental performances – such as better assurance of human rights, ethical work practices, carbon footprint reduction, waste management, and resource efficiency. [Read more…] about 7 Supply Chain Technology Trends Shaping a Sustainable Future

Changing Material Handling Industry Accelerates AGV Robotics

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By John Hayes, Balyo USA

Economic policies from Industry 4.0, Logistics 4.0, and connected warehouses point to the imperative to lower costs, increase productivity, and guarantee quality. There are as many forklift truck operator positions to be filled as there are IT developer and R&D engineer jobs combined.

In the United States, 65 percent of the businesses surveyed by Deloitte (as part of its annual Supply Chain report) noted that it is “extremely difficult” to hire qualified warehouse labor.

Moving pallets is expensive. One of the global Fast Moving Customer Goods (FMCG) leaders estimates spending “almost 380 million dollars per year” for tasks that create no additional value for the business. [Read more…] about Changing Material Handling Industry Accelerates AGV Robotics

ABB launches new range of ‘next generation’ collaborative robots

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ABB is expanding its collaborative robot portfolio with the new GoFa and SWIFTI cobot families, offering higher payloads and speeds, to complement YuMi and Single Arm YuMi in ABB’s cobot line-up.

These stronger, faster and more capable cobots will accelerate the company’s expansion in high-growth segments including electronics, healthcare, consumer goods, logistics and food and beverage, amongst others, meeting the growing demand for automation across multiple industries.

GoFa and SWIFTI are intuitively designed so customers need not rely on in-house programming specialists. This will unlock industries that have low levels of automation, with customers able to operate their cobot within minutes of installation, straight out of the box, with no specialized training. [Read more…] about ABB launches new range of ‘next generation’ collaborative robots

What Happens When Cybercriminals Target Industrial Robots?

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Historically, robots were just dumb pieces of programmable machinery that did the same task over and over again. They had virtually no ability to sense their environment. And they certainly couldn’t make decisions for themselves.

With the advent of machine learning and smart systems, that’s all changing. Now designers are imbuing their mechanical appendages with all manner of intelligence. And it’s only getting better.

For economists, these trends are extremely exciting. We could be looking at a future where robots do the vast majority of manual jobs, freeing up labour for other tasks, boosting productivity like nothing else in human history. [Read more…] about What Happens When Cybercriminals Target Industrial Robots?

Getting Projects off the Ground with Outsourcing

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What works for the largest businesses doesn’t necessarily work for the smallest ones.

Startups in particular often lack the resources to pursue ideas for completely new projects and services because they may not have accumulated funds, or an experienced team, in order to begin development on the scope they desire.

Companies that want to increase their project output tend to benefit a lot from outsourcing development as a way to get around this. [Read more…] about Getting Projects off the Ground with Outsourcing

How Businesses Can Stay Up-to-Date with the Latest Technology

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Nowadays, technology evolves quickly. Progress and advances in technology are growing at a far faster rate than ever before. Intelligent new products are invented and developed continually. It can feel almost impossible to keep up with the latest innovations, as there are just so many of them being announced all of the time.

Generally, all these technological advancements have been great news for businesses. It is now easier than ever before for companies to engage with their target audience and market products directly to them using social media. App technology has also meant that businesses have a brand-new and hassle-free way to encourage customers to shop with them or use their services, and this provides more choice and convenience for the customer too.

Technology does not just make our lives easier, although it is incredibly convenient. It also represents significant opportunities for businesses. In general, most consumers embrace technology and see it as a positive tool to enhance their daily life. [Read more…] about How Businesses Can Stay Up-to-Date with the Latest Technology

Digital platform wants to put a robot into every factory

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Too many small- and medium-sized businesses risk losing out on the next big industry transformation, says Søren Peters, CEO of the world’s first digital robot hub, HowToRobot.com. The hub aims to increase robot adoption globally by breaking down the barriers to automation for smaller businesses.

Robots are spreading with haste among the largest enterprises globally. But the many small and medium-sized businesses (SMEs) are lagging behind when it comes to adopting robots.

This, however, is bound to change. The digital robot hub HowToRobot.com now aims to get a robot into every factory across the world by making automation easier and more accessible for SMEs. [Read more…] about Digital platform wants to put a robot into every factory

Why Do Some Businesses Fail in Today’s Market?

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If you ask just about anyone on the street corner, they could tell you a few reasons why businesses fail. Usually, someone would say that a business fails because they run out of money. While this is very true, there are many more problems than that.

I have come up with a few reasons why some businesses are failing, and how they can get back on track. It is one thing to know why a business is failing, but it is a totally different animal to actually come up with a plan to succeed. [Read more…] about Why Do Some Businesses Fail in Today’s Market?

Your Guide to Finding a Database

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What is a database?

A database is a server or cloud source used to store and access confidential information. Several individuals use a type of database to store all their information away. Many forms of many kinds are stored to protect lots of personal information.

Most importantly, businesses are widely known to use a trusted database to secure the many forms of information within their company, such as records. It is definitely important for large companies to secure the information of the business as well as the information of all their employees.

Databases are critical for a business to run professionally and smoothly for years to come. When working for a business, you trust in them to be cautious about the company and your information. This also shows how much a company cares about its reputation and the ongoing of its business as well as its employees. [Read more…] about Your Guide to Finding a Database