If your business has been walloped by the various challenges in the sector, converting the company to an employee stock ownership plan (ESOP) could be a way forward.
Despite deploying six-axis robots in automotive production as early as the 1960s, America has an unusual relationship with automation. The technology is still largely seen as a threat to American jobs.
A Bill of Materials (BoM) is an extensive list of raw materials, by-products, components, assemblies, and packaging material needed to make a finished product.
Manufacturers who can successfully launch new customer experiences before their competition will maintain market leadership, ward off new market entrants and earn well-deserved buzz. The latest product innovations are all about the customer: autonomous vehicles, cloud- and mobile-based features, over-the-air upgrades, new materials, AI-driven manufacturing.
Hyper customization, smaller batch runs, a shrinking labor pool, energy availability, and global competition are factors that are increasing in importance and are also pointing to a much-needed new direction that companies will need to take in order to remain relevant ...
In 2020, manufacturers are one tweet away from disaster. Those firms with a global footprint are particularly vulnerable in 2020. Gabriel Smith, the Chief Evangelist of Pricefx, insists to compete in 2020 (and beyond), manufacturers need to be prepared to react immediately to changing market conditions much quicker than the decade just ending.
One of the trends we've identified is the interest by diversified industrial companies to streamline businesses and realign around key markets or customer segments to further drive results. We're seeing an increase in mergers, acquisitions, and divestitures as these companies recalibrate their capabilities.
Embracing the circular economy means trading straight lines and dead ends in landfills for a true reduce-and-recycle mentality: one that lets far less material, energy and effort go to waste.
Corrosion management must move beyond its traditional maintenance strategies - corrective maintenance and periodic maintenance.
Space industry has been revolutionized by the ever-increasing production and launch of small satellites. Additive manufacturing technologies not only helped this radical change to be fulfilled, but have itself reached new heights with the manufacture of structural component.
Operational benefits build efficiencies into the manufacturing process and strategic benefits build out new business models and revenue streams.
Reusing water means using less which means lower bills every month. There's nothing wrong with that. Also, by using less water, you also get to reduce wastewater.
The 11-foot diameter engine contains six different 3D-printed parts, which includes the low-pressure turbine blades made from an alloy of titanium and aluminum at the Avio Aero Cameri plant in Italy.
The combination of digital pipelines, 3D printing and scanning, and advances in machining have made everything we do more precise, more reliable, and more efficient.
With the advent of e-commerce and the ease of creating a website, manufacturers can now skip the middleman, sell their own goods, and keep more of the profits.
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Humans and robots can now share tasks - and this new partnership is on the verge of revolutionizing the production line. Today's drivers like data-driven services, decreasing product lifetimes and the need for product differentiation are putting flexibility paramount, and no technology is better suited to meet these needs than the Omron TM Series Collaborative Robot. With force feedback, collision detection technology and an intuitive, hand-guided teaching mechanism, the TM Series cobot is designed to work in immediate proximity to a human worker and is easier than ever to train on new tasks.