Closing US Manufacturing Trade Deficit Would Create 1.3M Jobs, Says Tech Think Tank

The prevailing narrative says automation was the main culprit behind U.S. manufacturing job losses in the early 2000s, and that automation is now powering an unprecedented manufacturing technology revolution that will continue to displace jobs. But a new report from the Information Technology and Innovation Foundation (ITIF) finds that both of these claims are false. 

ITIF, a leading tech-policy think tank, finds that trade pressure and faltering U.S. competitiveness were responsible for more than two-thirds of the 5.7 million manufacturing jobs lost between 2000 and 2010. And rather than entering a "fourth industrial revolution," U.S. manufacturing productivity growth is actually near an all-time low. In light of these facts, ITIF concludes that U.S. policymakers should aim to close the country's trade deficit in manufactured goods by fighting foreign mercantilism and pursuing a national competitiveness agenda that hinges in part on boosting manufacturing productivity rates. The report estimates that successfully closing the manufacturing goods trade deficit this way would create 1.3 million jobs.   Full Press Release:

Industry 4.0 Ushers in a New Era of Manufacturing Intelligence

Industry 4.0 and the Internet of Things are far more than technology buzzwords; instead the possibilities of these technologies are almost impossible to imagine and overestimating their potential is difficult.

Manufacturers raise investment in next-gen tech, survey says

Dustin Walsh for Crain's Detroit Business:  U.S. manufacturers are rapidly boosting investment in advanced digital technologies, according to a survey to be released Monday by Troy-based technology business association Automation Alley.  The survey coincides with the association's 2017 Technology Industry Outlook event on Feb. 13 at the Detroit Institute of Arts. Nearly 400 manufacturing and technology business leaders are expected to attend.

According to the survey, 85 percent of U.S. manufacturing executives responded they plan to increase existing budgets for new technologies, with nearly a third planning to increase budgets by up to 15 percent.  More than half of the respondents said they have a dedicated budget to technologies described as Industry 4.0, with the top three being cloud, cybersecurity and data analytics.  Cont'd...

Why 2017 is the year integration enables Industry 4.0 growth

Louis Columbus for CloudTech:  Having attained initial results from Industry 4.0 initiatives, many manufacturers are moving forward with the advanced analytics and Big Data-related projects that are based on real-time integration between CRM, ERP, 3rd party and legacy systems. A recent Price Waterhouse Coopers (PwC) study of Industry 4.0 adoption, Industry 4.0: Building The Digital Enterprise (PDF, no opt-in, 36 pp.) found that 72% of manufacturing enterprises predict their use of data analytics will substantially improve customer relationships and customer intelligence along the product life cycle. Real-time integration enables manufacturers to more effectively serve their customers, communicate with suppliers, and manage distribution channels. Of the many innovative start-ups taking on the complex challenges of integrating cloud and on-premise systems to streamline revenue-generating business processes, enosiX shows potential to bridge legacy ERP and cloud-based CRM systems quickly and deliver results.

There are many more potential benefits to adopting Industry 4.0 for those enterprises who choose to create and continually strengthen real-time integration links across the global operations.  Cont'd...

One Of Europe's Top Business Schools Is Helping Executives Navigate Industry 4.0

Seb Murray for BusinessBecause:  Industry 4.0 — a slew of technologies from robotics and 3D printing to virtual reality and data analytics — is rapidly reshaping the way we manufacture, distribute and consume products.

The Executive Master in Manufacturing Automation & Digital Transformation at ESCP Europe, is equipping executives with the tools they need to navigate the Fourth Industrial Revolution.

Below, Giovanni Scarso Borioli, Assistant Professor of Operations Management, outlines how.  Cont'd...

What is Smart Manufacturing & the Smart Factory?

Smart Manufacturing and the Smart Factory enables all information about the manufacturing process to be available when and where it is needed across entire manufacturing supply chains and product lifecycles.

Special Tradeshow Coverage for ATX West 2017

ATX West will be held from February 7th - 9th in Anaheim, California. This ManufacturingTomorrow.com Special Tradeshow report aims to bring you news, articles and products from this years event.

What are the business and security impacts of Industry 4.0?

Ben Rossi for Information Age:  Industry 4.0 will make manufacturing more efficient and productive. By optimising factories, it will directly improve yield. On the product side, it will also extract greater value from data for usage-based design and mass customisation, which in turn will open the way to new markets. On many levels, it will completely change the business model to an outcome-based approach.

Accenture estimates that automation, connectivity and embedded software can increase production line productivity by up to 30%. The shift from selling products to selling measurable outcomes will redefine whole industry structures. This is the shift to servitisation, whereby companies are using the Internet of Things (IoT) to find new ways to grow revenue and increase profits.

Industrial equipment manufacturers sell outcomes, like machine hours or price-per-user, rather than just products. For the customer it means less disruption, increased uptime, incremented factory yield and ultimately higher satisfaction.  Cont'd...

US Manufacturers Too Slow to Adopt Industry 4.0: BCG Study

Industry Week:  U.S. manufacturers recognize the potential of the digital technologies known collectively as Industry 4.0 to create value, but they are largely approaching the opportunity in piecemeal fashion and may miss out on the significant business benefits these technologies offer, according to new research from the Boston Consulting Group (BCG).

Nearly 90% of manufacturing leaders surveyed by BCG regarded adopting Industry 4.0 technologies as a way to improve productivity, but only about one in four see opportunities to use these advances to build new revenue streams. Many are pursuing isolated initiatives scattered throughout the company, BCG found in its new report, "Sprinting to Value in Industry 4.0," without a clear vision and coordination from the top.  Cont'd...

How Industry 4.0 is changing human-technology interaction

Ben Rossi for InformationAge:  Accelerated by technologies such as 3D printing and intelligent robots, the role of the human machine interface (HMI) is becoming more sophisticated.

This is altering the way industries approach increasingly complex processes of machines and systems in order to improve efficiency and decrease downtime.

Industry 4.0 and the Internet of Things (IoT) are at the centre of new technological approaches, development, production and the entire logistics chain - otherwise known as smart factory automation.

HMI is implemented in any industry where human intervention with a machine or automated device is necessary. The high rate of demand for HMI is being driven by the need for enhanced efficiency, data security and compliance, mobility, remote services and reliable hardware.  Cont'd...

Siemens to buy Mentor Graphics amid push to digitize factories

By Christopher Alessi and Natascha Divac, Dow Jones Newswires:  Siemens AG’s planned acquisition of automation and industrial software provider Mentor Graphics Corp. is the German giant’s latest play to stay competitive in the race to digitize heavy industry.

Siemens on Monday offered $37.25 a share in cash, equivalent to a 21 percent premium on Mentor’s closing share price on Friday, giving the U.S. company an equity value of around $4 billion.Wilsonville, Ore.-based Mentor, which has agreed to the acquisition, sells software and hardware design-automation tools for the development and testing of advanced electronic systems. The company has a field office in Longmont. Mentor’s shares gained 18.3 percent to $36.30 in recent Nasdaq trading on Monday.

“It’s a perfect portfolio fit to further expand our digital leadership and set the pace in the industry,” Siemens CEO Joe Kaeser said.  Cont'd...

Trump promises to bring back manufacturing jobs, but robots won't let him

Lora Kolodny for TechCrunch:  For Americans struggling with stagnant wages, under- or un-employment, one of Donald Trump’s most appealing campaign promises was to bring manufacturing jobs back to the U.S.

Navigating the complexities of policy, tariffs and geopolitics would make that hard enough already for the president elect. But technology will make this promise nearly impossible to fulfill.

Why? Because manufacturing jobs are increasingly done by robots, not people.

Robotics have already helped reduce reliance on labor overseas for manufacturers in automotive, electrical and electronics industries, according to a fresh policy report from the United Nations Conference on Trade & Development.  Cont'd...

Bosch, SAP team up for Industry 4.0

Peter Gutierrez for IoT Hub:  Bosch and SAP will combine their expertise on cloud technologies and software solutions to make inroads into the Internet of Things and Industry 4.0 markets.

Customers will be able to use SAP’s HANA database platform within Bosch’s IoT Cloud, which the companies hope will enable large-scale data processing for IoT applications in real-time.

Bosch’s IoT microservices will also be made available in SAP’s HANA cloud platform, providing multiple device and component connectivity.   Cont'd...

New modular AM 'smart factory' from Concept Laser decouples pre-production and production

Benedict for 3Ders.org:  German metal 3D printing specialist Concept Laser has unveiled its new "smart factory" approach to additive manufacturing. The idea behind the Industry 4.0 "smart factory" is to decouple process stages, allowing tasks to be carried out in parallel and physically separate from one another.
The AM Factory of Tomorrow, Concept Laser's modular additive manufacturing factory-building kit, has been designed to allow manufacturers to seamlessly incorporate additive manufacturing technologies into existing production lines or to develop new and efficient AM production spaces. The Lichtenfels-based company has now revealed new aspects of its advanced manufacturing concept, detailing how a move from the sequential to the parallel could maximize production speed, cost-efficiency, and scalability.  Cont'd...
 

Industry 4.0 - Interview with Red Lion Controls

While much of the IIoT is focused on end-customer benefits, manufacturers need to recognize that they can also benefit from these emerging technologies and change their businesses if desired.

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