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2023 North America robot orders down 30 percent from record high in 2022

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After record orders in both 2021 and 2022, robot sales in North American declined by 30 percent in 2023, according to the latest report from the Association for Advancing Automation (A3).

Companies purchased 31,159 robots in 2023, compared to 44,196 ordered in 2022 and 39,708 in 2021. These 2023 orders were divided almost equally among automotive (15,723 robots sold) and non-automotive companies (15,436 robots sold), a 34 percent drop in sales to automotive OEMs and automotive suppliers over 2022 and a 25 percent total decrease in all other industries.

Jeff Burnstein, president of A3, says: “While robot sales naturally ebb and flow, the return to more typical robot sales after the last two record years can likely be attributed to a few obvious issues: a slow US economy, higher interest rates and even the over purchasing of robots in 2022 from supply chain concerns. [Read more…] about 2023 North America robot orders down 30 percent from record high in 2022

The digital crystal ball: Predicting the next move forward for sales intelligence

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In a letter to French physicist Jean-Baptiste Le Roy, in 1789, Benjamin Franklin wrote (of the new American states): “Our new Constitution is now established and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”

But in a modern context, it would be safe to paraphrase Franklin and update his assertion to “nothing can be said to be certain, except death, taxes and the advancement of artificial intelligence”.

AI allows us such a panoptic view of modern Big Data business analytics, which is often referred to as “business intelligence”, that such BI can now be further quantified into subdivisions. [Read more…] about The digital crystal ball: Predicting the next move forward for sales intelligence

Setting New Standards in Car Selling

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The car selling industry has long been characterized by traditional practices that often lacked efficiency and fairness. However, the landscape is shifting dramatically with the introduction of groundbreaking platforms like EpiCar.

This article explores how EpiCar is setting new standards in the car selling industry by combining efficiency, fairness, and advanced technology. [Read more…] about Setting New Standards in Car Selling

Amazon Aces: Mastering the Game of Optimization for Maximum Profit

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If you’re an Amazon seller, then you know that mastering the game of optimization is critical. With over 12 million products available on Amazon and massive daily sales of $1.6 million, standing out from your competitors is vital.

This entails refining your product listings and employing targeted strategies to enhance visibility, attract a larger customer base, and ultimately boost sales. But how exactly does this work?

In this article, we’ll explore the world of Amazon listing optimization, offering simple and actionable tips to optimize your product listings for maximum profitability. [Read more…] about Amazon Aces: Mastering the Game of Optimization for Maximum Profit

Global semiconductor manufacturing equipment sales reach all-time record $108 billion

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Worldwide sales of semiconductor manufacturing equipment increased 5 percent from $102.6 billion in 2021 to an all-time record of $107.6 billion last year, SEMI, the industry association representing the global electronics design and manufacturing supply chain.

The data is now available in the Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report.

For the third consecutive year, China remained the largest semiconductor equipment market in 2022 despite a 5 percent slowdown in the pace of investments in the region year over year, accounting for $28.3 billion in billings. [Read more…] about Global semiconductor manufacturing equipment sales reach all-time record $108 billion

Features Your E-commerce Business Must Have to Grow Sales

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It is good news for e-commerce owners as more people opt to shop online by the day. However, it can also mean tough competition for you as more e-commerce stores emerge to grab this lucrative opportunity. If you haven’t packaged your business well, you risk struggling to get your business off the ground.

What you need to start working on right now is implementing ways that can help you grow sales. This starts with developing a solid e-commerce strategy. So what should this strategy include?

In this article, we have rounded up a few must-have features that will ensure more sales and increased success. Let’s dive in. [Read more…] about Features Your E-commerce Business Must Have to Grow Sales

Growth in electric vehicle manufacturing drives industrial robot sales to record highs in North America

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Data released by the Association for Advancing Automation show that 44,196 robots were ordered in 2022, up 11 percent over 2021. The record results are credited to a resurgence in sales to automotive companies looking to boost electric vehicle production.

Driven by the resurgence in robot orders from automotive companies, the North American robotics market set all-time records in both robots sold and value in 2022.

According to the report from the Association for Advancing Automation (A3), North American companies ordered 44,196 robots valued at $2.38 billion last year, representing increases of 11 percent and 18 percent, respectively, over 2021, the previous record. [Read more…] about Growth in electric vehicle manufacturing drives industrial robot sales to record highs in North America

Mitsubishi Electric to invest $223 million to build new factory in India

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Mitsubishi Electric says it will invest approximately 26.7 billion yen (about $222.5 million), in its subsidiary company Mitsubishi Electric India to establish a factory for the production of room air conditioners and compressors in India.

Local production, targeted to start in October 2025, is expected to help the company meet growing demand in the Indian market. Initial annual capacity will total 300,000 room air conditioner outdoor units and, beginning in December 2025, 650,000 compressors.

The demand to replace older air conditioning and refrigeration systems with newer models is expected to continue growing as consumers and companies shift to energy-saving and low-GWP refrigerants. [Read more…] about Mitsubishi Electric to invest $223 million to build new factory in India

Why it’s Time to Bring Automation Tools in to Assist Your Work Communication and Revenue Streams

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Automation tools and software have moved on hugely over the last year. Whereas, until recently, they’d been generally viewed warily as elements that could depersonalize a business’s processes and create a disconnect with clients, now, they’re smart, intuitive, AI-enriched solutions that can be used to enhance every aspect of the customer experience and boost revenue.

On top of this, the latest array of automation tools can help your workforce communicate better, both within teams, departments, and enterprise-wide, upping productivity and helping your business to run as slickly and cost-effectively as possible.

The coming year is the perfect time to bring automation tools on board your organization – you may be surprised by the positive impact they’ll have on your systems, workflow, and – crucially – your business’s bottom line. [Read more…] about Why it’s Time to Bring Automation Tools in to Assist Your Work Communication and Revenue Streams

VoIP Phone Systems: Automation in the World of Communication

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Automation is often a driver of efficiency. That is certainly the case, when it comes to communication systems, such as the ones led by VoIP. It has changed the way customers are taken care of when they call in, but also how a company can adapt itself better to their needs. Here is an overview on automation inside VoIP phone systems.  [Read more…] about VoIP Phone Systems: Automation in the World of Communication