The U.S. and China Invest Heavily in Industry 4.0 Technologies to be the World's Largest Manufacturer
The United States, the world's second largest manufacturer, with a 2017 industrial output reaching a record level of $2.2 trillion, will apply Industry 4.0 technologies to replace China as the world's largest manufacturer.
Can US Boost Manufacturing 25% By 2025?
Industry Week: A new McKinsey report predicts that manufacturing GDP would climb to $3 trillion in real terms by 2025-a boost of some $530 billion, or 20%, above the current trend.
Britain must embrace 'Industry 4.0' as robots can create thousands of jobs, says report
Purvai Dua for London Loves Business: Britains manufacturing sector could add £455bn over the next decade and create thousands of jobs if it unlocks the fourth industrial revolution
Capgemini: Smart factories could add $1.5trn to global economy
Jonathan Dyble for Manufacturing Global: In its latest report, multinational consultancy firm Capgemini predicts that smart factories are set to become revolutionary within the manufacturing industry.
Toward additive manufacturing
Phys.org: Although additive manufacturing has been around since the 1980s, the technology has advanced rapidly over the past few years.
Smart Factories Will Deliver $500B In Value By 2022
Louis Columbus for Forbes: Smart factories are revolutionizing manufacturing by enabling a 7X increase in overall productivity by 2022.
State of 3D Printing 2017
Sculpteos 3rd annual report on 3D Printing and Digital Manufacturing
Robotics, AI​​ and 3D printing could close UK's productivity gap
Angela Monaghan for The Guardian: Expanding hi-tech manufacturing is vital to the UK staying competitive, says Siemens UK boss Juergen Maier
Optimism Down Among Small Manufacturers
Xometrys Small Manufacturing Index finds fewer shops anticipating growth
New Research Could Help Speed Up the 3D Printing Process
Binghamton University for R&D Magazine: A team of researchers from Binghamton University, State University of New York and MIT have identified some bottlenecks in 3D printers, that, if improved, could speed up the entire process.
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:
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...
Manufacturers most upbeat in two years, ISM survey shows
Jeffrey Bartash for MarketWatch: American manufacturers finished 2016 on a wave of optimism, as a survey of executives hit the highest level in two years. The Institute for Supply Management said its manufacturing index climbed to 54.7% in December from 53.2%, slightly higher than the MarketWatch forecast. Any number above 50% signals expansion.
The index is compiled from a survey of executives who order raw materials and other supplies for their companies. The gauge tends to rise or fall in tandem with the health of the economy.
New orders and production surged in the final month of the year and plans for employment also edged higher. Bradley Holcomb, chairman of the ISM survey committee, said comments from executives were largely positive. Cont'd...
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...
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...
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