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Coronavirus expected to cut industrial robot revenue by more than 8 per cent this year

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By Maya Xiao of Interact Analysis

The coronavirus pandemic which has devastated economies worldwide is expected to reduce revenues in the industrial robot market by more than 8 per cent, according to a study by Interact Analysis.

“After a weak 2019, we originally expected the 2020 robot market to recover strongly, but Covid-19 changed the market revenue growth forecast from 4.8 percent to -3.6 percent,” writes Maya Xiao, automation market expert at Interact Analysis.

Global industrial robot shipments experienced negative growth for four consecutive quarters from mid-2018, she says. At the end of 2019, recovery signs appeared, and the mid-term growth rate turned positive. This turnaround happened in the context of a continued slowdown in general global manufacturing activity, which led to weak spending on machinery and automation equipment. [Read more…] about Coronavirus expected to cut industrial robot revenue by more than 8 per cent this year

Renesas joins Autonomous Vehicle Computing Consortium

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Renesas Electronics, a supplier of advanced semiconductor solutions, has joined the Autonomous Vehicle Computing Consortium (AVCC) as a core member.

Renesas joins leaders from across the automotive ecosystem, including vehicle original equipment manufacturers, Tier 1 suppliers, and other semiconductor suppliers to help solve some of the most significant challenges of introducing self-driving vehicles at scale.

As the automotive industry pushes forward to meet the needs of an increasingly connected environment, vehicles are evolving to become more intelligent, more ecologically friendly, and more affordable. [Read more…] about Renesas joins Autonomous Vehicle Computing Consortium

PSA starts production at Kenitra plant in Morocco

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Groupe PSA has started production at the Kenitra plant in Morocco. The project was launched with the signing of an agreement between Groupe PSA and the Kingdom of Morocco on 19 June 2015.

Four years on, the factory is up and running and includes the roll-out of a complete ecosystem for Groupe PSA in Morocco, with a steering centre based in Casablanca for the Middle East and Africa region and an operational R&D centre.

Groupe PSA has a network of 62 local suppliers, with 27 new supplier sites set up to meet the needs of the Kenitra plant.

[Read more…] about PSA starts production at Kenitra plant in Morocco

Continental names Infineon as its Supplier of the Year

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Automotive parts giant Continental has named chipmaker Infineon as its “Supplier of the Year”.

Following the motto “Success is only possible in a team”, Continental Automotive once a year honors suppliers for their extraordinary accomplishments.

For 2018, Infineon was now named Supplier of the Year in the electronics category. Continental is one of the biggest Tier 1 suppliers to the automotive industry worldwide. [Read more…] about Continental names Infineon as its Supplier of the Year

General Motors names Kuka as ‘Supplier of the Year’

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Auto giant General Motors named industrial robotics and automation company Kuka its “Supplier of the Year” during its 27th annual Supplier of the Year awards ceremony held recently in Detroit.

This is the fourth time Kuka has received the award. In an interview with Robotics and Automation News, Joe Gemma, a senior executive at Kuka, provided some insights into the company. (See video below.)

During the event, GM recognized 133 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created outstanding value or introduced innovations to the company. [Read more…] about General Motors names Kuka as ‘Supplier of the Year’

Chinese exporters accuse Trump of not playing by the rules

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Chinese export companies have strongly criticized President Donald Trump for deciding to increase tariffs on imports into the US by another 10 percent, bringing them up to 25 percent for hundreds of billions of dollars’ worth of manufactured goods.

Comments reported by the South China Morning Post say Chinese exporters are decrying Trump as a business “killer” who “never plays by the rules”.

One exporter, Liao Yu, who produces bags and suitcases, said: “A 25 per cent [tariff] will kill everyone.”

[Read more…] about Chinese exporters accuse Trump of not playing by the rules

Infineon ‘outgrowing all other leading suppliers of automotive semiconductors’ in Japan

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Infineon is outgrowing all other leading suppliers of automotive semiconductors in Japan, according to new research by Strategy Analytics.

Infineon says this shows “strong growth in a strategically important market”.

The latest research from Strategy Analytics finds that Infineon Technologies increased its automotive business in Japan by almost 25 percent in 2018. [Read more…] about Infineon ‘outgrowing all other leading suppliers of automotive semiconductors’ in Japan

Infographic: How AI is streamlining the supply chain

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Noodle AI has produced an infographic to show how artificial intelligence is changing commerce

Artificial intelligence is everywhere. In fact, you may have interacted with it today and you didn’t even know it.

AI can streamline a lot of our daily business operations, freeing us up to tackle more difficult tasks.

Within the world of e-commerce, AI may be the key to streamlining the supply chain. [Read more…] about Infographic: How AI is streamlining the supply chain

Faraday Future holds its first global supplier summit

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Faraday Future (FF) has held its first Global Supplier Summit at its headquarters in Gardena, California.

Nearly 200 representatives from more than 100 of its global suppliers joined the two-day event in February, a crucial gateway to achieving the first delivery of its flagship FF 91 vehicle by the end of 2018.

YT Jia, founder of FF, welcomed the participants and delivered an inspirational address to motivate the crowd at the event.

[Read more…] about Faraday Future holds its first global supplier summit

General Motors names Kuka Systems its supplier of the year

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kuka robot at hannover messe

Kuka Systems recognized by General Motors as 2016 Supplier of the Year winner for powertrain and body shop equipment

Kuka Systems was named a “General Motors Supplier of the Year for Powertrain and Body Shop Equipment” by GM during its 25th annual Supplier of the Year awards ceremony held recently in Orlando, Florida.

GM recognized 118 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created outstanding value or brought new innovations to the company.

The announcement represented the most suppliers GM has recognized since debuting the Supplier of the Year event in 1992. This is the second time Kuka Systems has received the award.  [Read more…] about General Motors names Kuka Systems its supplier of the year

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