Struggling with IoT? AR Might Hold the Key

IndustryWeek | April 16, 2020

For most manufacturers, IoT deployments have reached the point where organizations need to be able to justify the investment. According to Boston Consulting Group’s recently published report, Unleashing the Power of Data with IoT and Augmented Reality, Augmented reality is emerging as the key to unlocking the full potential of IoT deployments. Survey results show that most companies surveyed see IoT and AR as complementary technologies. Specifically, 85% of respondents manage IoT and AR together, with 77% having dedicated AR budgets. Furthermore, 75% expect paybacks from IoT-AR investments in three years or less with 50% already demonstrating the value of using both IoT and AR. Zia Yusuf, managing director and senior partner and leader of BCG’s IoT practice tells IndustryWeek that heavy industries are pioneering the use of combined IoT-AR solutions, and in functions such as equipment maintenance, such combined applications already represent the state of the art.  Organizations who don’t incorporate such solutions into their strategic roadmap risk being left behind both from a strategic and economic perspective, he says.

Spotlight

In this video from LiveWorx 2019, John E. Barnes shows that design for additive manufacturing is good for business. His team analyzed the costs of a hypothetical part that would be produced via powder bed fusion. They found that 86% of the cost of the part was driven by design, while only 14% of the cost was determined by the materials used to print it.


Other News
MANUFACTURING TECHNOLOGY

Stratasys Advances Its Growth Strategy to Lead Industrial Polymer Additive Manufacturing

Stratasys | May 13, 2022

Stratasys Ltd. a leader in polymer 3D printing solutions, announced today that its subsidiary MakerBot has entered into a definitive business combination agreement with NPM Capital-backed Ultimaker to form a new entity. The new combined company is intended to offer a comprehensive solution set of hardware, software and materials, creating a leading force in Desktop 3D printing. Under the terms of the agreement, NPM Capital plans to contribute Ultimaker’s assets, invest $15.4 million, and own 54.4% of the combined company, while Stratasys will contribute MakerBot’s assets, invest $47 million, and own 45.6% of the combined company (all subject to adjustments in the definitive documentation). The combined $62.4 million of committed financial backing is intended to fuel ecosystem innovation and expand customer reach and applications. The new company will be led by Nadav Goshen, current MakerBot CEO, and Jürgen von Hollen, current Ultimaker CEO, who will act as Co-CEOs, with Nadav managing product, operations and R&D and Jürgen managing the commercial functions. The entity is expected to maintain its headquarters in both The Netherlands and New York City. “By combining the strengths of MakerBot and Ultimaker, the new entity will have a broad technology offering, be sufficient in scale, well capitalized and have a focused leadership team to better compete in the highly attractive Desktop 3D printing sector,” said Dr. Yoav Zeif, CEO of Stratasys. “Today’s announcement is consistent with our strategy to focus on industrial and production scale polymer-based additive manufacturing solutions. This transaction is designed to benefit our shareholders by enabling them to own two leading companies with best-in-class technology and focused management teams that will be able to successfully deliver solutions to customers in two highly attractive but different areas of the 3D printing market.” Upon closing, the transaction is not expected to have a material impact on Stratasys’ revenue and is expected to be immediately accretive. As Stratasys will own less than 50% of the new entity, Stratasys will not consolidate it. The transaction is subject to consultation with appropriate employee representative bodies and the receipt of regulatory approvals, and satisfaction of other customary closing conditions, as a result of which a definitive time frame for closing is not yet available, with closing currently expected over the course of the second or third quarters of 2022. Stifel Financial is acting as exclusive financial advisor and Meitar Law Offices and Cooley LLP as legal advisors to Stratasys. Lincoln International is acting as exclusive financial advisor and Allen & Overy as legal advisor to NPM Capital. About MakerBot MakerBot is a global leader in the desktop 3D printing industry. MakerBot empowers the engineers of today and tomorrow with its powerful additive manufacturing ecosystem. The company strives to redefine the standards for 3D printing for safety and emissions, reliability, accessibility, precision, and ease-of-use. Through this dedication, MakerBot has a large install base, manages Thingiverse—the largest 3D printing community in the world—and has members on the UL 2904 standards committee to ensure it is on the cutting edge of emissions regulations. About Ultimaker Established in 2011, Ultimaker is on a mission to accelerate the world’s transformation to flexible, empowering and sustainable solutions. 330 employees deliver a platform that enables customers to take full advantage of the unique Ultimaker Ecosystem that offers the largest diversity of 3D printing products and services in the industry. Ultimaker provides a seamless integration of hardware, software and materials that simply works. About NPM Capital NPM Capital is a leading investment company focusing on long term investments in the Benelux market. Founded in 1948, NPM Capital has a history of providing growth capital to entrepreneurial companies that goes back almost 70 years. NPM Capital is part of the family-owned multinational SHV. SHV has a total turnover of over €20 billion with more than 57,000 employees. About Stratasys Stratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products and healthcare. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys solutions deliver competitive advantages at every stage in the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care.

Read More

MANUFACTURING TECHNOLOGY

Bespoke Manufacturing Company (BMC) chooses Lectra's solutions to automate its on-demand production

Lectra | May 09, 2022

A major global player in the fashion, automotive and furniture markets, Lectra designs industrial intelligence solutions software, equipment, data and services for brands, manufacturers and retailers. Lectra is equipping Bespoke Manufacturing Company (BMC) with its Gerber AccuMark range of solutions and Gerber Z1 cutting machine for its manufacturing site in Phoenix, Arizona. A made-to-measure womenswear manufacturer, BMC is known for its revolutionary on-demand business model, providing customized garments through onshore production to improve sustainability and profitability. All products are sold prior to manufacturing, minimizing fabric waste and excess inventory, which greatly reduces costs. By adopting this model, BMC also gains agility in helping its customers respond to sudden changes in consumer demand, tastes, and preferences. "Our aim is to provide a viable alternative to the traditional supply chain by reducing manufacturing time from months to minutes," says J. Kirby Best, Chief Executive Officer, Bespoke Manufacturing Company. BMC has selected Lectra's Gerber Z1 cutter and Gerber AccuMark CAD system to power its iCreate.Fashion platform, which serves as the backbone of its on-demand factory. This technological ecosystem incorporates a digital printing solution, the Kornit Presto, and Lectra's AccuMark 2D, AccuMark Made-to-Measure solutions, as well as the GERBERcutter Z1 allowing BMC to go from designing to printing and cutting and sewing within minutes, without facing the risk of errors. With Lectra's solutions, BMC can streamline and automate the on-demand production process, without having to handle complex logistical issues and long lead times. As a result, they can achieve high throughput using less resources and labor, ensure consistent profitability, and expand their business to other regions with the same production model. "Compared to mass production, the on-demand model is well adapted to fashion's new normal, as it digitalizes the supply chain, creates minimal waste, and is more agile to meet consumers' needs. Traditionally, it is a complicated and tedious process, with long lead times. Our Industry 4.0 technology connects the dots to enable more and more trailblazing companies like BMC to adopt this way of manufacturing without any of its inconveniences, thanks to automation. By helping BMC, we are promoting a flexible, responsible manufacturing mindset, which is a step toward the future of the fashion industry. At the same time, we are bridging the gap between profitability and environmental sustainability," Lenny Marano, President, Americas, Lectra About Lectra: As a major player in the fashion, automotive and furniture markets, Lectra contributes to the Industry 4.0 revolution with boldness and passion by providing best-in-class technologies.The group offers industrial intelligence solutions - software, equipment, data and services - that facilitate the digital transformation of the companies it serves. In doing so, Lectra helps its customers push boundaries and unlock their potential. The group is proud to state that its 2,400 employees are driven by three core values: being open-minded thinkers, trusted partners and passionate innovators.

Read More

MANUFACTURING TECHNOLOGY

Westrock Coffee Announces Major Plant Expansions - Including Nation’s Largest Roasting to Ready-To-Drink Packaging Facility

Westrock Coffee | December 18, 2021

Westrock Coffee Company, LLC (Westrock Coffee) announced plans to expand its operations and beverage capabilities with the purchase of a new facility in Conway, Arkansas that, when fully built-out, will be the largest facility of its type in the United States. Westrock Coffee will also expand its extracts manufacturing capacity in Concord, North Carolina, and launch new operations in Malaysia that will serve its rapidly growing customer demand across the Asia-Pacific (APAC) and Middle East and North Africa (MENA) regions. We are expanding our finished product offerings, adding end beverage packaging solutions, and expanding our geographic reach to meet our growing customer demand.Our growth benefits everyone at Westrock Coffee — from our global customers and farmer partners to our current and future employees and the communities where they live. These facility expansion announcements provide further evidence that we are well on our way to accomplishing our mission of building and efficiently operating the preeminent integrated coffee, tea, and extract supply chain in the world in order to enhance the lives of our farmer partners and fuel the success of the customersthat we serve.” Scott Ford, CEO and co-founder of Westrock Coffee New Facility in Conway, Arkansas The company finalized the purchase of a 524,000 square-foot facility in Conway, Arkansas that will provide Westrock Coffee ample space for the development, production, and distribution of its coffee, tea, and ready-to-drink (RTD) products. The location will utilize state-of-the-art equipment, including advanced robotics, specifically designed to efficiently manufacture and package a wide range of beverages, such as canned or bottled cold brew coffees, lattes, assorted teas, and juice-based products as well as single serve coffee cups. The space will also incorporate state-of-the-art quality assurance and product development labs, enabling Westrock Coffee to create, test, and produce new beverage solutions. The new Conway location will require a variety of skilled jobs to support our focus on global product innovation, manufacturing, and packaging. Initially, up to 50 new jobs will be created following phase one of the build out, which is expected to be completed in the first quarter of 2023, then growing to approximately 250 positions over time. Many of the jobs needed to operate the facility will require a significantly advanced and skilled workforce, commanding higher salaries, ranging up to over $100,000 per year. Conway will be an addition to the company's already established presence in Arkansas which has corporate offices in Little Rock and a manufacturing facility in North Little Rock. Upgrades in Concord, North Carolina In addition, the company announced it is expanding its Commercial Park location in Concord, North Carolina. The expansion of this leading extract manufacturing facility will allow Westrock Coffee to respond to unprecedented growth due to burgeoning customer demand for its extract, tea, and herbal products. The expansion will add two fully automated production lines, which will increase overall capacity of extracts processing at this facility by over fifty percent. The expansion will also include modernizing its current manufacturing and packaging process for bottled products. Upgrades to the Concord facility should be complete by the end of 2022. Addition in Johor Bahru, Malaysia Work is already complete on the 90,000 square-foot, two-building facility in Johor Bahru, Malaysia announced earlier this year, with finished good production set to begin in the first quarter of 2022. The new facility, which is just 30 minutes from the international hub of Singapore, will enhance Westrock Coffee’s roasting capacity to accommodate for increases in manufacturing, packaging, and warehousing, of coffee and extract solutions across APAC and MENA regions. While Westrock Coffee has a history in international coffee trade and export, this will be its first roasting, manufacturing, and packaging facility outside of the U.S. About Westrock Coffee Company Westrock Coffee Company, LLC is the leading integrated coffee, tea, and extract service provider in the U.S., providing coffee sourcing and financing, supply chain management, product development, roasting, packaging, and distribution services to retailers, restaurants, convenience stores, commercial accounts, and hospitality customers around the world. With offices in 10 countries, the company sources coffee and tea from 35 origin countries and provides service under both the Westrock Coffee and S&D Coffee & Tea brands. About Arkansas Economic Development Commission The Arkansas Economic Development Commission (AEDC), a division of the Arkansas Department of Commerce, seeks to create economic opportunity by attracting higher-paying jobs, expanding, and diversifying local economies in the state, increasing incomes and investment, and generating growth throughout The Natural State. Arkansas is a pro-business environment operating leaner, faster and more focused through a streamlined state government designed to act on corporate interests quickly and decisively.The Arkansas Department of Commerce is the umbrella department for workforce and economic development drivers. Its divisions and regulatory boards include Division of Aeronautics, Waterways Commission, Wine Producers Council, Division of Workforce Services, Office of Skills Development, State Bank Department, Insurance Department, Securities Department, Economic Development Commission and Development Finance Authority. It was established July 2019 as part of Governor Asa Hutchinson’s wide-sweeping efficiency and transformation efforts to reduce 42 cabinet agencies to 15 while maintaining services for all Arkansans.

Read More

Faraday Future Unveils First Production-Intent FF 91 EV Manufactured at its Hanford, Calif. Plant

Faraday Future Intelligent Electric Inc | February 24, 2022

Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, unveiled the first production-intent FF 91 ultra-luxury EV. This marks the company’s manufacturing Milestone #4, pre-production builds for final engineering validation and certification, now referred to as production-intent vehicles. FF “Building the first production-intent vehicle at the Hanford plant is an important step towards reaching the start of production in Q3. This iteration is the closest to the FF 91 production model we’ve seen to-date, The FF 91 is expected to be the first ultra-luxury EV to reach the market, with a unique driver and passenger experience.” -Matt Tall, vice president of manufacturing at FF. The company will build more production-intent vehicles over the coming months for vehicle testing and validation, as well as final certification. Production-intent vehicles feature production-specification components.In October 2021, FF laid out seven manufacturing milestones leading into the FF 91’s SOP. Milestone #1 - Installation of pilot equipment in the Hanford manufacturing plant’s pre-production build area; Milestone #2 - Securing a Certificate of Occupancy, clearing the path for the company’s pre-production builds; and Milestone #3 - Begin foundation construction for all remaining production areas including body, paint, warehouse and vehicle assembly. The first three milestones have been reached, and today’s event marks Milestone #4 - Pre-production builds for final engineering validation and certification. With the completion of the first production-intent vehicle, FF is launching the "Born in California, Global DNA" multi-channel communication campaign along with our “ieMedals” co-creation campaign. The FF 91 is designed and built in California by FF Co-Creators and the company’s global employees, with technology from many top tier suppliers from across the globe. To commemorate the production achievements of the FF 91, the company launched the ieMedals campaign. With each production-intent vehicle manufactured in the months leading up to the FF 91’s SOP, FF will honor a different supplier of the FF 91 from around the globe with a unique ieMedal. Users on the FF Intelligent App can earn the supplier ieMedals for their individual accounts by completing specific tasks or fulfilling co-creation challenge requirements. The ieMedals are electronic awards added to users’ FFID accounts on the FF Intelligent App. The FF 91 Futurist Alliance and FF 91 Futurist models were designed to deliver the next generation of mobility in luxury, performance, and technology. They are high-performance EVs, with unique Internet, Autonomous, and Intelligence (I.A.I.) technology capabilities that enables the vehicle’s unique third internet living space. ABOUT FARADAY FUTURE Faraday Future is a class defining luxury electric vehicle company. The Company has pioneered numerous innovations relating to its products, technology, business model, and user ecosystem since inception in 2014. Faraday Future aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet and new usership models. Faraday Future’s first flagship product is the FF 91 Futurist.remains on schedule for the FF 91 start of production (“SOP”) in Q3 2022.

Read More

Spotlight

In this video from LiveWorx 2019, John E. Barnes shows that design for additive manufacturing is good for business. His team analyzed the costs of a hypothetical part that would be produced via powder bed fusion. They found that 86% of the cost of the part was driven by design, while only 14% of the cost was determined by the materials used to print it.

Resources