Market trends and business perspectives
Technology is revolutionizing our personal and business lives. There is always new software emerging that can make your life easier, as well as solve problems you currently face.
If you are willing to make the investment, you can take advantage of current technology and upgrade your business. [Read more…] about Business Management: Using Current Tech to Your Advantage
The manufacturing industry is critical to the global economy. Imagine a world where no one produces flat screen TVs, automobiles, or ballpoint pens.
It’s so hard to overlook the fact that everything that we have ever bought at the mall and used at the office are made at factories producing such goods everyday.
You know this if you are the owner and manager of a manufacturing facility. You need to ensure that the supply chain is fed and consumers get the items they need or want. [Read more…] about 4 Tips to Enhancing Productivity in Manufacturing
Foxconn, one of the most well known Chinese manufacturing companies as a result of its status as main supplier for Apple, is moving significant parts of its operations outside of China.
The company, which according to TechSpot reported almost $800 million net profit for the quarter ending in June, has already moved an additional 5 percent of its operations to countries other than China, bring it up to 30 percent, compared with 25 percent last year.
China is still overwhelmingly the main base for Foxconn’s manufacturing operations, representing some 70 percent of its production capacity, but the company is scouting many locations abroad. [Read more…] about Foxconn moving operations out of China
Automation and digitalization “offer a significant competitive edge in a volatile market environment”, according to Siemens.
Europe’s largest engineering company says the current situation creates major challenges for industrial companies worldwide – and shows that digitalized and highly automated production is more important than ever when it comes to gaining a competitive edge.
This is the only way that companies can react to current and future challenges with the required degree of flexibility, says Siemens. [Read more…] about Automation and digitalization ‘competitive edge in volatile market’, says Siemens
The EPHJ Trade Show – for the watchmaking, jewellery, and micro- and medical technologies sectors – says it is “stepping up to the plate” for the relaunch of the economy, confirming that its 2020 edition will take place from 15 to 18 September this year.
Having been obliged to postpone its 2020 edition to September due to Covid-19, the largest annual trade fair in Switzerland will in fact take place this year in Geneva to contribute to the recovery of all the high-precision sectors.
Alexandre Catton, director of EPHJ, says: “We have held widespread discussions over the past few weeks with numerous exhibitors to obtain as accurate picture as possible of the situation on the ground. [Read more…] about Swiss micro-technology trade show EPHJ to go ahead despite coronavirus
FedEx has now started on the “next phase” of its electric vehicle rollout after initially launching construction on electronic direct current charging stations back in January.
One of the biggest logistics companies in the US, Federal Express has been using all-electric vehicles as part of its pickup-and-delivery fleet for more than 10 years.
Through a new agreement with Chanje Energy, the company plans to electrify 42 FedEx stations in California, making it one of the largest deployments of integrated charging infrastructure by a single commercial fleet to date. [Read more…] about FedEx and Chanje to develop electric vehicle charging infrastructure
Omron has launched the sixth wave of its factory automation control devices built on a common design platform for further innovation in control panel building.
The new products include 237 models in six categories low voltage switch gear: J7KC, J7TC, J7MC, J7KCA and J7KCR series low voltage switching gears (LVSG), S8V-CP series DC electronic circuit protectors, and PTF-XX-PU socket for LY relays with Push-In Plus technology.
With its Value Design products, Omron’s goal is to provide a complete solution to panel builders, while saving space and reducing the workload and total cost of ownership. [Read more…] about Omron launches 237 new factory automation control devices
May Mobility, an autonomous transportation-as-a-service provider, has closed a $50 million Series B funding round led by Toyota.
There was also participation from Sparx Group, alongside return investors Millennium Technology Value Partners, Cyrus Capital Partners, BMW iVentures, and Toyota AI Ventures.
The company says the round will help fund strategic hires across the engineering and operations functions, and expansion of the vehicle fleet to meet growing demand. [Read more…] about May Mobility raises $50 million in funding round led by Toyota
Wynright, a wholly-owned subsidiary of material handling giant Daifuku, says it aims to double sales after it opens its new $26 million manufacturing facility at the end of this year.
Wynright plans to expand its North American US manufacturing capabilities in the Greater Chicago area. The company will consolidate its existing factories in Elk Grove Village, Illinois, and Oak Lawn, Illinois into a new, larger facility in Hobart, Indiana, in phases, by the end of December 2019.
In line with the completion of the new factory, the existing factories in Elk Grove and Oak Lawn in Illinois will close. Daifuku Wynright has offered all employees at both sites the opportunity to continue with the company at the new facility. More than 80 percent of current employees have confirmed their intention to do so. [Read more…] about Wynright aims to double sales after opening new $26 million manufacturing facility
Essentium, a leading innovator in industrial additive manufacturing, has released the first in a series of findings from independent global research on the current and future use of industrial 3D printing.
The study reveals a significant increase in the use of large-scale additive manufacturing (AM).
The number of manufacturers using 3D printing for full-scale production has doubled compared to last year (40 per cent in 2019; 21 per cent in 2018). [Read more…] about Essentium research shows industrial-scale 3D printing moving into mainstream manufacturing
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