After Slowing First Half, Will Manufacturing Hit the Brakes?

Advanced Manufacturing | June 19, 2019

After Slowing First Half, Will Manufacturing Hit the Brakes?
The manufacturing economy has been tapping the brakes during 2019s first half. The question is whether it slams the brakes during the years second half. Take, for example, the Institute for Supply Managements manufacturing index, known as the PMI. In May, the index represented near zero growth, according to Timothy F. Fiore, chair of ISMs Manufacturing Business Survey Committee. The index for May was 52.1 percent, the lowest level since 51.7 percent in October 2016. A reading above 50 percent means the manufacturing economy is expanding. It was last below 50 percent in August 2016. Another barometer: U.S. manufacturers added 284,000 jobs in 2018. The pace this year has slowed down, including some months with job losses.

Spotlight

Dave Hills, Solution Director at cloud specialist Rackspace, shares his expert view on what a typical journey into the cloud looks like and advises on what to focus on first. Transform Your Manufacturing Business by Harnessing the Power of the Cloud.

Spotlight

Dave Hills, Solution Director at cloud specialist Rackspace, shares his expert view on what a typical journey into the cloud looks like and advises on what to focus on first. Transform Your Manufacturing Business by Harnessing the Power of the Cloud.

Related News

Artificial Intelligence Is Shaping the U.S Vs. China Manufacturing Race

Robotics Business Review | July 09, 2020

Industrial manufacturing is undoubtedly a strong economic catalyst in both the United States and China. Artificial Intelligence represents an opportunity to not only revolutionize the industrial manufacturing space, but drive economic transformation and growth as well. While both countries have integrated AI capabilities into their industrial manufacturing operations, the United States currently holds a slight edge over in China, despite a near equal number of installed bases of AI-enabled end devices in each market. Primarily, the U.S. is more incentivized to develop approaches and strategies that encourage greater adoption of AI in industrial manufacturing. In the United States, labor has become increasingly expensive, creating an imperative to lower production costs while maintaining — or even enhancing — production. This has resulted in a boost to the ecosystem of AI in industrial applications, with several types of vendors developing partnerships to bring AI into the industrial fold: cloud service providers, smart manufacturing platform vendors, and chipset vendors among them. Domestically, optimizing operational efficiency, reducing bottlenecks in production and limiting factory resource consumption are key goals centered around AI in manufacturing.

Read More

Manufacturers Are Turning to AR/VR to Reduce Production Costs

Design News | June 15, 2020

A recent survey of manufacturers shows that 56% of those polled said they have implemented some form of AR/VR technology into their organization over the last 12 months. Another 35% said they are considering doing so. More than a quarter, 27%, said they have fully deployed an AR/VR solution and are looking to scale further. AR/VR platform company, Grid Raster, has released the results of the survey. The questions explore trends in how companies are using AR/VR. Roughly 215 responses were collected during the week of March 30 from C-level and technology executives of mid-level and enterprise-level manufacturers. Grid Raster’s co-founder, Dijam Panigrahi, noted that the recent COVID-19 pandemic could push this number higher, since manufacturers are looking to implement more virtual design into their workflows to minimize human interaction on the production floor.

Read More

MANUFACTURING TECHNOLOGY

Recognized by World Economic Forum as Global Lighthouse Factory, CATL Leads High-Quality and Sustainable Manufacturing in Battery Industry

CATL | September 29, 2021

Contemporary Amperex Technology Co., Limited (CATL) announced that its Ningde facility has been recognized by the World Economic Forum (WEF) as a global Lighthouse factory, the first battery manufacturing base joining WEF's Global Lighthouse Network (GLN). As CATL is one of the 21 new Lighthouses globally, the WEF made the following remark about CATL's manufacturing competitiveness: "Confronted with increasing manufacturing process complexity and demand for high product quality, CATL leveraged artificial intelligence, advanced analytics and edge/cloud computing to achieve, in three years, a defect rate per billion count at the speed of 1.7s per cell, while improving labor productivity by 75% and reducing energy consumption by 10% per year." The GLN is a community of the world's leading manufacturers advancing next-generation levels of efficiency and sustainability through innovation. The designation of "global Lighthouse factory" is awarded to manufacturing leaders who have been successful in applying Fourth Industrial Revolution (4IR) technologies such as artificial intelligence and big data analytics to improve efficiency and competitiveness at scale, transform business models and achieve profitable growth, in tandem with environmental stewardship. Extreme manufacturing for high-quality products in the TWh era High efficiency and high-quality delivery are the core competitive edges. By leveraging cutting-edge technologies such as artificial intelligence and big data, CATL has developed an extreme manufacturing system that produces high-quality battery products at an higher speed and under extremely complicated technological processes. Using a model-based smart process control and a multi-modality intelligent inspection system at all processing stages, which are enabled by big data analysis and AI algorithms, CATL has achieved an enhanced defect rate that has been improved from the PPM (part per million) level to the PPB (part per billion) level. Intelligent energy management for value chain sustainability Tracking the carbon footprint of battery production as a whole system from mining, raw materials supply, manufacturing, usage to recycling, CATL has developed an intelligent resource and energy management platform to further reduce the carbon emission of battery manufacturing and to develop a more sustainable value chain: Utilizing clean electricity generated through solar power, wind power hydropower, nuclear power or other sources of clean energy. Analyzing real-time data of key equipment energy consumption with production strategies to design the most efficient energy solutions. Realizing integrated management among factories collectively. Reducing unit energy consumption by 10% and carbon emissions by 57% (kg/kWh) per year. Increased global concern for environmental impact has made sustainability a must-have to maintain business viability. These new Lighthouses make it clear that by realizing the potential of 4IR technologies in manufacturing, companies can unlock new levels of sustainability in their operations and explore a win-win solution: greater operational competitiveness while simultaneously making commitments to environmental stewardship, leading in a cleaner, more sustainable future as a result. Head of Shaping the Advanced Manufacturing and Value Chains at the WEF Francisco Betti Beyond its Ningde facility, CATL has established eight other battery manufacturing bases worldwide, among which the first overseas factory is located in Germany. Designated as a Lighthouse, CATL is ready to expand the Lighthouse experience to develop a high-quality, efficient and sustainable global manufacturing network, and to help realize the global carbon neutrality goal. About CATL Contemporary Amperex Technology Co., Limited (CATL) is a global leader in new energy technology innovation, committed to providing premier solutions and services for new energy applications worldwide. In June 2018, the company went public on the Shenzhen Stock Exchange with stock code 300750. According to SNE Research, in the year 2020, CATL's EV battery consumption volume ranked No.1 in the world for four consecutive years. CATL also enjoys wide recognition by global OEM partners. To achieve the goal of realizing fossil fuel replacement in stationary and mobile energy systems with highly efficient electrical power systems that are generated through advanced batteries and renewable energy, and promote the integrated innovation of market applications with electrification and intelligentization, CATL maintains continuous innovation in four dimensions including battery chemistry system, structure system, manufacturing system and business models.

Read More