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...
Chiefs hold back on smart factories after backlash
Peggy Hollinger for Financial Times: General Electric, one of the world’s biggest industrial companies, estimates that digitising industrial machinery, networks and processes will not just bring down the costs of manufacturing. The data it generates will open new business opportunities, such as optimising maintenance schedules for customers or improving the design and quality of products. The resulting “industrial internet”, GE argues, has the potential to deliver global productivity improvements that could add $10tn-15tn to global GDP over 20 years.
No manufacturer can ignore the coming revolution. Yet many, in developed economies at least, are wary. A backlash against globalisation, fuelled by decades of decline in America’s rust belt and the erosion of blue-collar jobs, has already upset the status quo in the US, where Donald Trump’s protectionist slogans helped him to win the White House.
Almost half the 1,370 chief executives questioned in PwC’s annual Global CEO survey published this week fear that this latest industrial revolution will feed further distrust among their companies’ stakeholders — whether they be investors, employees or the wider public. Cont'd...
How to Reduce Your Motion Control Costs in 2017
If one of your new year's resolutions is to reduce your motion control costs without making sacrifices, this might be the year you can actually scratch it off your list.
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.
Sharp Executive Says Plan for Foxconn LCD Plant in U.S. is Still 'On The Table'
Mitchel Broussard for MacRumors: Foxconn and Sharp are looking closer than ever to building a manufacturing plant within the United States, according to one Sharp executive who said that the plan is still "on the table" (via Nikkei). The plant would mainly be focused on the manufacturing of LCD panels for TV sets and home appliances, but Foxconn is said to be considering moving iPhone production stateside as well.
The news continues a rumor from last year born out of President-elect Donald Trump's comments on wanting Apple to make its products stateside. Foxconn laid out plans for such a move in December, along with Japan-based SoftBank Group, with each company hoping to create a combined 100,000 jobs in the U.S. over the next four years. Cont'd...
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.
Year in Review: Industry Embraces Supply Chain Trends of 2016
There is still much work to be done with regard to technological advancement and operational process before the 2016 trends peak, but there's no doubt that the manufacturing industry is evolving like never before.
YCF - 2017 could be year of smart factory
Katie Mallinson for B Daily: 2017 could be the year of the smart factory. That’s the opinion of Huddersfield-based YCF – the not-for-profit organisation committed to supporting the manufacturing industry and its supply chain.
The statement follows months of speculation around Industry 4.0 – the idea of automation and data exchange in manufacturing technology.
Simply, it’s the computerisation of manufacturing, involving systems that communicate with each other, monitor physical processes and make decisions. And YCF’s CEO Jill Mooney thinks that 2017 could be the year that manufacturers start to plan the implementation of such machinery. Cont'd...
Upcoming Tradeshow, Conference & Exhibition Summary - February - April 2017
Here is a summary of what Tradeshows, Conferences & Exhibitions to look forward to in the coming months.
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...
One-Stop Repair for Food & Beverage Processing Equipment
Food and beverage processors speed repairs and reduce costs by working with single source for full gamut of machine repairs, from electronic controllers to motors.
Japan's Rust Belt Counting on Robonomics to Run Assembly Lines
Yoshiaki Nohara, Toru Fujioka, and Daniel Moss for Bloomberg: A withering factory town in Japan’s Rust Belt is looking for revival through a dose of Prime Minister Shinzo Abe’s "robot revolution."
Kadoma’s population has declined 13 percent as the nation ages, prompting mergers among elementary schools and emergency services departments. Factories can’t find enough people to run assembly lines, further threatening an industrial base that includes titan Panasonic Corp. and smaller businesses like Izumo Co., a maker of industrial rubber.
Yet Izumo President Tsutomu Otsubo doesn’t believe the solution involves finding more people. He’d rather find more machines to do the work so his company can capitalize on Abe’s plan to quadruple Japan’s robotics sector into a 2.4 trillion yen ($20 billion) industry by 2020. Cont'd...
OEMs Consider Cross-Border Move in Face of Uncertainty
Border towns, such as El Paso, Texas, could service as "middle ground" if OEMs with operations in Mexico decide to relocate stateside.
A New Use for High-Speed Fiber Optics: Connecting Smart Factories
Jennifer Baljko for EBN Online: Machine-to-machine (M2M) connectivity and the Internet of Things (IoT) have risen to the forefront of many strategic technology conversations.
Companies are revamping product designs and component capabilities to allow for seamless, real-time communication flows between devices. Executives talk about how constant transmission and automated analysis of machine-generated information will transform the way we live, work, play, drive and shop, and change the landscape of our homes, offices, cars, malls, supermarkets, hospitals, gas stations and every other place we move through on a daily basis.
As M2M and IoT shape business and operations strategies, influence product design and compel companies to re-examine how suppler and customer data is collected and used, a question begs: How will companies pool together all their internal factory and supply chain data in a way that matches the speed, consistency and reliability of what IoT promises? The factory, after all, is the heartbeat that keeps many companies operating, and a data bottleneck there comes with a costly implication.
Many in the industry in have started to realize that, and it's resulting in a deeper conversation around industrial IoT, or IIoT. Cont'd...
Intel Forecasts 2017 Industrial IoT Trends
Intel's Antony Neal-Graves has shared his initial thoughts on how the industrial landscape will evolve in 2017.
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