It's the Daytona 500 of vehicle manufacturing: the race to bring connected cars, light trucks and SUVs to market. Unprecedented safety, driver assistance and infotainment features promise to revolutionize the driving experience. Still, few industry executives are confident that their current connected vehicle initiatives are on the right track.
PTC and Stratasys Ltd. are working to deliver a seamless experience between PTC Creo design software and Stratasys 3D Printing Solutions. The joint vision is to make additive manufacturing more accessible to designers and manufacturers and to allow them to fully realize the advantages of the technology. These advantages include geometric freedom and part functionality, economic low volume and on-demand manufacturing, the production of customized products, and more.
New market opportunities are available to companies in almost every industry from the data that IoT delivers. These new opportunities could be as simple as getting information from sensors about what is happening on the manufacturing plant floor causing automatic manufacturing updates, potential adjustment to customer order delivery dates or even a maintenance work request to handle a detected equipment malfunction. All of these opportunities cause changes to be made to the supply chain.
North America's expanding automatic identification industry picked up momentum with the grand opening celebration of SATO Global Solutions (SGS), a wholly-owned subsidiary of Tokyo-based SATO Holdings Corporation.
A Frost & Sullivan report finds that sales of RFID readers, tags and software to the retail sector will grow from $738m in 2014 to $5.409bn in 2020, reflecting a compound annual growth rate of 38.9 percent.
Supply chain consulting and IT services firm enVista has launched Enspire Commerce, a cloud-based, multi-tenant architecture solution focused on omnichannel selling, optimization, fulfillment and integration for small to mid-market retailers, distributors and third party logistics service providers.
An old killer app rides again. Radio frequency identification will become a key component of the Internet of Things because it bridges the physical and digital worlds, enabling the identification of objects and linking them to the internet.
More than eight million building management systems (BMS) will be integrated with some form of Internet of Things (IoT) platform, application or service by 2020, according to an ABI Research report. However, like many suppliers in established markets today, commercial building management system vendors face both opportunities and threats when navigating the emerging IoT ecosystem.
Tsuneishi Holdings Corporation is exploring the commercial applications of drones at its Hiroshima shipbuilding facility in an effort to increase both safety and productivity in daily operations.
How much does your business spend on trade promotions to drive product sales? According to a recent Forrester report, the average for a CPG company is 20 percent of revenues, but the investment vs. return doesn't always add up. You already know that some of that money doesn't generate any return, but it gets worse: Forrester estimates that one-third of that spend – about seven percent of a typical company's revenues – actually generates negative returns, cannibalizing high-margin lines and encouraging "pantry loading."