Industry 4.0: what it is and why it is an opportunity for manufacturing companies

whitePaper | April 6, 2020

Manufacturers are investing heavily in artificial intelligence. One global forecast projects 49.5 percent annual growth of AI investments among manufacturing companies. Investments, though, require a use case. Where in their organizations will manufacturers focus? According to a 2019 study by IFS found that more than 90 percent of manufacturers are planning investments in AI. It also gathered insights on exactly what use cases manufacturers are planning projects around. Of the more than 600 respondents, 383 were in manufacturing.

whitePaper | July 12, 2022

Modern manufacturers succeed when they balance the types of jobs they accept with the capabilities they offer, and maximize the value of both their equipment and their personnel. Shops that fail to optimize their capabilities and remove inefficiencies from their processes may be unable to produce at their real capacity and meet expected quality standards. To improve efficiency and reach their production potential, shops must discover ways to meet four main challenges, especially as highmix, low-volume (HMLV) production gradually replaces mass-quantity output in multiple industrial environments.

whitePaper | July 8, 2022

In response to increasing demand by the investment community over the last dozen years, the Securities and Exchange Commission (SEC) has published guidance calling for greater disclosure by public companies of the risks and costs of climate change on their businesses. The SEC’s efforts to promote greater transparency on corporate environmental impact culminated on March 21, 2022, with the promulgation of a proposed rule setting forth a sweeping array of new requirements for detailed disclosure of those risks and costs, with particular attention to greenhouse gas (GHG) emissions. If adopted, the rule would impose on publicly-held manufacturers significant obligations not only to make these disclosures but also to establish an extensive system of disclosure and accounting controls needed to ensure the periodic capture, assessment, and dissemination of a company’s exposure to climate-related risk and impact on the environment. Appropriate maintenance of any such system would require rigorous assessment of the adequacy of design and operating effectiveness of those controls.

whitePaper | January 16, 2023

Digital twin, in simple words, is the virtual model of a product, a process or a service. The concept of a digital twin has been around for quite a while but after the advent of the Internet of Things (IoT), it has become imperative to business due to its cost-effectiveness.

whitePaper | November 30, 2021

There has been a fundamental shift in product innovation. Not merely a revolution in materials or design, but a revolution of possibilities. Advanced software technologies such as artificial intelligence have given us a peek of what could be, enabled by methods to deliver the speed that turn worldchanging ideas into reality. We’ve now reached an event horizon — one where semiconductors and software actually have the ability to bring about the most uplifting advances in the history of humankind. Thanks to this leap forward, chip technology and a new era of product transformation are poised to take us places previously unimaginable

whitePaper | August 23, 2022

The contract packaging industry is growing at a 12.5% annual growth rate1, according to Contract Packaging Association (CPA). Driven by the continued increase in consumer brands (more than 30,0001 ), there are now over 1,0002 contract packaging companies in the U.S., ranging from smaller operations with 20 employees to some with more than 1,000 employees. More and more consumer goods companies are relying on contract packaging partners to continue providing quality products, faster time-to-market, reliable delivery, and continued innovation. While the packaging industry is seeing of opportunity and growth, there are some challenges to carefully navigate.