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How Businesses Should Handle Recalls and Resulting Negative Publicity

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If you run a business that makes physical products, then it’s highly likely you will have to do a recall at some point. It’s a natural part of doing business. The more physical products you make, the more probable that you’ll run into this issue at some juncture.

If you’re running a smaller company, then a product recall might involve a few thousand products. The larger you get, the more disruptive a recall can seem.

For instance, Takata recently recalled 67 million airbags. They had little choice, though. Often, when a company has to do a recall, they realize that if they don’t move forward on this issue, they might have a class action lawsuit from injured consumers somewhere down the line. [Read more…] about How Businesses Should Handle Recalls and Resulting Negative Publicity

Using Technology to Drive Operational Efficiency and Customer-Centric Solutions

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When you’re a business, there are just two things that really matter. The first one is delivering a good service/product to your customers.

You need to give them what they expect, regardless of whether you’re a luxury or budget brand. Sure, your messaging and marketing may manage their expectations, but they’ll evaluate the product/service based on its own merit.

[Read more…] about Using Technology to Drive Operational Efficiency and Customer-Centric Solutions

6 Benefits of Incorporating Generative AI in Manufacturing

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The manufacturing industry is experiencing a significant transformation driven by the adoption of advanced technologies.

Among these, Generative Artificial Intelligence (Generative AI) stands out as a powerful force in this change. It’s a groundbreaking aspect of AI with the potential to reshape conventional manufacturing processes.

Its ability to create new designs, improve production efficiency, and stimulate innovation is causing a major shift in the industry. [Read more…] about 6 Benefits of Incorporating Generative AI in Manufacturing

Benefits of Hiring a Product Design Consultancy for Your Business

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Today, we are diving deep into the dynamic world of product design and why having a product design team on board can lead to several positive outcomes.

It is not about creating aesthetically pleasing products only but building something your customers can relate to.

So, let’s strap in and explore the myriad benefits of inviting a product design consultancy specializing in top-notch product design services to your business. [Read more…] about Benefits of Hiring a Product Design Consultancy for Your Business

Signs that Show it’s Right Time to Invest in Software Product Development

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In this digital era, imagining business operations without software is impossible. For most startups and small & mid-sized enterprises, there comes a point when opting for software product development becomes the need of the hour.

Investing in software product development is not necessary for the company’s growth but also for satisfying the customers with cutting-edge solutions.

These days, companies rely heavily on software product development to expand their customer base. Software product development companies also entice their clients with their offerings and reflect the advanced industry developments and upgrades. [Read more…] about Signs that Show it’s Right Time to Invest in Software Product Development

TXI lends weight to America’s ‘Titanium Economy’

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Q&A with Jason Hehman, Client Partner at TXI

Popularized by the bestselling book of the same name, written by three McKinsey analysts, “The Titanium Economy” refers to “a group of companies (that) could consistently outperform the market, create millions of high-quality American jobs and lead technological innovation while building a more sustainable future”.

Such companies already exist, say the authors. They are part of what they called “the Titanium Economy”, a cohort of industrial technology companies that are “redefining the future of US manufacturing”.

One company which could be described as being an integral part of the Titanium Economy is TXI, a digital product innovation firm composed of strategists, designers, and engineers. Below is a Q&A with one of those people. [Read more…] about TXI lends weight to America’s ‘Titanium Economy’

Startups in the Robotics Industry

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By Michael Mayr, industrial equipment industry sales strategy expert, Dassault Systèmes

Every robotics startup starts with just a clever idea. A clever idea that will bring technology to a specific industry, use case or application and answer the growing need for automation, due in particular to worldwide human aging and the labor shortage it creates, but also for re- and nearshoring demand based on global supply-chain issues.

Figures reflect this observation. The number of industrial robots has consistently increased in the past few years and will keep doing so: we can expect a growth of 7 percent per year from 2023 until 2030. There is a similar trend for services robots with a growth of 37 percent of professional service robots in 2021.

Traditional Robotics players will not be able to cover the increasing gap of robotic-based automation worldwide alone the next 10 years. Therefor the attention from the markets is extremely high to the new powerful Robotics Startups communities to close the gap. [Read more…] about Startups in the Robotics Industry

Product design and development: How to bring your idea to life as a tangible product

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You’re in an early-stage hardware startup with a product design set to shake up the market. Not sure how to turn your idea into a product? Here’s a step-by-step guide to the product development journey.

From the initial design sketched out on paper to the final product in your hand, every decision counts. This article will help you avoid costly mistakes and accelerate the process of bringing your product to market.

Instead of just listing the steps, I’ll explain the entire process through a case study of my motorized robot grip project. A gripper is what lets robots grab, hold, and shift stuff around. [Read more…] about Product design and development: How to bring your idea to life as a tangible product

Navigating software launches: The power of MVP development

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There are many aspects that stay unknown and hidden when you are just starting a new software project. You can’t know whether the final product will be embraced by users and function as intended. This is where MVPs can make the whole difference.

They’re like a test for your ideas, helping you gather user feedback and reduce the risks associated with a full-scale development project.

MVPs can be built affordably and quickly, making them a perfect match for startups and small businesses. They are great at keeping development teams on track, focusing on the essential features, and saving precious time and resources from being dispersed on unnecessary functionalities. [Read more…] about Navigating software launches: The power of MVP development

Simbe Robotics raises $28 million in Series B funding

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Simbe Robotics, the company leveraging AI and robotics to elevate the performance of retailers with real-time insights into inventory and operations, has closed a Series B equity financing round of $28 million, led by Eclipse.

As one of the premier venture firms specializing in the digital transformation of essential physical industries that impact daily life, Eclipse brings invaluable knowledge and expertise that will propel Simbe through its next phase of growth.

Their investment marks a vote of confidence in emerging retail and grocery technologies, and will enable Simbe to meet rising global customer demand, enter future product areas, expand its team, and continue delivering value to new and existing partners by optimizing both in-store and e-commerce operations. [Read more…] about Simbe Robotics raises $28 million in Series B funding