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News provided by: Institute for Supply Management Nov 01, 2024, 10:00 ET New Orders and Backlogs Contracting; Production and Employment Contracting; Supplier Deliveries Slowing; Raw Materials Inventories Contracting; Customers’ Inventories Too Low; Prices Increasing; Exports and Imports Contracting TEMPE, Ariz. , Nov.
2, 2024 /PRNewswire/ — Economic activity in the manufacturing sector contracted in November for the eighth consecutive month and the 24th time in the last 25 months , say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business ®.
The third quarter (July September) of 2024 brought transformative shifts to the ransomware landscape, emphasizing its dynamic and continuously evolving nature. RansomHub , a RaaS operation, claimed over 300 victims globally in 2024. Ransomware attacks can bring factories to a standstill.
” [Food, Beverage & Tobacco Products] “We are constrained by technical labor, despite higher-than-normal backlog.” ” [Computer & Electronic Products] “Significant slowdown in production requirements in the last two months of the year.” This is concerning as it’s our peak season.”
We estimate a 20% drop in industrial robot sales in the first half of the year—mainly due to a cooling investment boom in electric vehicles, batteries, and photovoltaics However, there are bright spots in the country ‘s market: 3C (computers, communication, and consumer electronics ) is gaining in importance again. Register now.
ABB cited increasing demand for robots in painting, consumer electronics, food and beverage, apparel, and industrial machinery. billion in revenues in 2024. The Zurich-based company reported that after a steep drop in 2023, global industrial robotics orders improved in Q1 of 2025. ABB Robotics reportedly earned $2.3
” [Computer & Electronic Products] “Volume in 2025 is targeting 2-percent growth. ” [Food, Beverage & Tobacco Products] “Although we are in our busy season, our demand for the first two weeks of 2025 has outpaced normal levels for this period of time.”
October 1, 2024 – Frost & Sullivan assessed the laboratory information management systems (LIMS) industry and, based on its findings, recognizes LabVantage Solutions with the 2024 Global Company of the Year Award. SAN ANTONIO, TX. LabVantage LIMS is an enterprise platform serving the full product life cycle.
The nine industries reporting contraction in June — in the following order — are: Textile Mills; Machinery; Fabricated Metal Products; Wood Products; Transportation Equipment; Plastics & Rubber Products; Food, Beverage & Tobacco Products; Electrical Equipment, Appliances & Components; and Computer & Electronic Products.
“Of the six biggest manufacturing industries, four — Food, Beverage & Tobacco Products; Fabricated Metal Products; Chemical Products; and Transportation Equipment, which account for a combined 54 percent of manufacturing gross domestic product (GDP) — registered growth in March. ’ Expectations are for a strong second quarter.
3, 2024 /PRNewswire/ — Economic activity in the manufacturing sector contracted in August for the fifth consecutive month and the 21st time in the last 22 months , say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business ®. Interestingly, even though orders are down, inquiries are up.
Could 2024 be the year that UK manufacturers finally embrace robotics? Here, seven experts from leading robotics manufacturer FANUC UK share their views on the hottest automation trends to look out for in 2024… Energy-efficient solutions “One of the major trends in automation is definitely energy efficiency.
Notably, all six of the largest manufacturing industries — Machinery; Transportation Equipment; Fabricated Metal Products; Food, Beverage & Tobacco Products; Chemical Products; and Computer & Electronic Products — contracted in July,” says Fiore. Chemical Products] “Demand continued to soften into the second half of the year.
The seven industries reporting contraction in April — in the following order — are: Miscellaneous Manufacturing; Machinery; Furniture & Related Products; Wood Products; Food, Beverage & Tobacco Products; Fabricated Metal Products; and Paper Products. ” [Chemical Products] “Sales continue to exceed expectations in 2024.
1, 2024 /PRNewswire/ — Economic activity in the manufacturing sector contracted in September for the sixth consecutive month and the 22nd time in the last 23 months , say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business ®. We are anticipating a record sales volume for 2024.”
The Prices Index climbed into expansion (or ‘increasing’) territory as new pricing levels for 2024 went into effect.” WHAT RESPONDENTS ARE SAYING “The start of 2024 looks good. ” [Chemical Products] “The commercial vehicle market appears to be retracting a bit in 2024 compared to last year.
The 2024 RBR50 Robotics Innovation Awards have recognized the Mushiny Intelligent 3D Sorter. a 2024 RBR50 Robotics Innovation Award winner this month. Source: Mushiny WTWH Media has named Mushiny Co. It recognized the Suzhou, China-based company for its Intelligent 3D Sorter as an innovative technology.
The seven industries reporting contraction in February — in the following order — are: Furniture & Related Products; Machinery; Wood Products; Computer & Electronic Products; Food, Beverage & Tobacco Products; Paper Products; and Electrical Equipment, Appliances & Components. We may increase our growth projections.”
The seven industries reporting contraction in May — in the following order — are: Wood Products; Plastics & Rubber Products; Machinery; Computer & Electronic Products; Furniture & Related Products; Transportation Equipment; and Food, Beverage & Tobacco Products. Contract order book remains steady.”
Due to high interest rates, elevated inventory, and sluggish demand, the global machinery industry has been facing a tough year in 2024. As of last month, 12 more companies have launched new linear smart conveyance products in 2024. Encouraged by the growth momentum, new entrants are rapidly entering the market.
The report also found that 61% of manufacturers expect artificial intelligence to drive growth by 2029, up from 41% in 2024. They included automotive, electronics, food and beverage, pharmaceuticals, and medical devices. Zebra commissioned Azure Knowledge Corp.
Starting from the 2024 land tax year, alterations have been made to the rates and thresholds based on the total taxable value (site value) of landholdings. The survey highlighted a significant rise in one member’s tax bill from 2023 to 2024. By 2024, despite the land value increasing to $4.3
“Of the six biggest manufacturing industries, only one — Food, Beverage & Tobacco Products — registered growth in October. The two manufacturing industries that reported growth in October are: Food, Beverage & Tobacco Products; and Plastics & Rubber Products. Less optimism regarding the first quarter of 2024.”
“Of the six biggest manufacturing industries, three — Transportation Equipment; Food, Beverage & Tobacco Products; and Petroleum & Coal Products — registered growth in August. ” [Computer & Electronic Products] “Demand still weak. Backlog is dwindling, but still showing robust revenue.”
TM25S provides a keen eye in the factory In a very different example of industrial digitalization, electronics manufacturer Quanta is inspecting the quality of its products using the TM25S , an AI-enabled robot from its subsidiary, Techman Robot. To get a look at where autonomous machines will go next, see what’s coming at CES in 2024.
” [Computer & Electronic Products] “Sales in our industry are extremely slow entering into the second half of the year, and no upturn is expected until at least the fourth quarter.” ” [Food, Beverage & Tobacco Products] “Suppliers are starting to reach out looking for new business.
At IMTS 2024, the company featured the EcoFilter 80 self-cleaning conveyor equipped with a Will-Fill automated coolant solution and PermaClean system. Each unit comes equipped with a digital dewpoint indicator and an electronic dryer controller, which monitors the compressed airs dewpoint and manages the condensate drain.
” [Computer & Electronic Products] “Customer orders have definitely slowed down. ” [Food, Beverage & Tobacco Products] “Markets are stabilizing in the second quarter of 2023 and appear to be trending downward for most commodity chemicals; however, demand versus supply has shifted to customers’ favor.”
“Of the six biggest manufacturing industries, two — Food, Beverage & Tobacco Products; and Transportation Equipment — registered growth in November. The three manufacturing industries that reported growth in November are: Food, Beverage & Tobacco Products; Nonmetallic Mineral Products; and Transportation Equipment.
Award-winning embedded electronics consultancy is rapidly adding to its existing team with additional team members across its hardware, software and electric vehicle divisions. ByteSnap has been in the EV arena since developing new software and electronics for EV charging stations at London 2012.
“Of the six biggest manufacturing industries, two — Food, Beverage & Tobacco Products; and Petroleum & Coal Products — registered growth in September. ” [Computer & Electronic Products] “We need to coordinate very closely with suppliers in order to yield a more cost-competitive offer.
Novarc’s new SWR-TIPTIG system can be used in industries like aerospace, food and beverage, mining and minerals, oil and gas, pharmaceutical, power generation, shipbuilding, chemical processing and water treatment and desalination. Novarc is exhibiting at Automate 2024 in Chicago, Illinois (Booth # 1888).
” [Computer & Electronic Products] “Demand continues to gain momentum due to new business pipelines finally yielding billable production. ” [Food, Beverage & Tobacco Products] “Business is returning to pre-pandemic levels. WHAT RESPONDENTS ARE SAYING “Overall impact for our business is mixed.
Point-to-point positioning is frequently employed where multiple welds are needed over a small area, for example, electronic connector leads. This is commonly used for electronic package welding, where a specific motion is necessary to create a hermetic seal, and for lap welding configurations where additional weld contact is required.
Target industry segments include metal fabrication, automotive, aerospace, electronics assembly, semiconductor, and general industry. Unlike traditional 6-axis cobots, OB7 has been engineered with 7-axis maneuverability providing a new level of flexibility and accessibility.
We saw a ton of opportunity at the food and beverage show ProcessExpo back in November. There are exciting new products coming in 2024! Delta For over 50 years, Delta has been a global leader in power electronic and automation solutions. Once again, we’re on the move! Here’s how it went! What does this mean?
Target industry segments include metal fabrication, automotive, aerospace, electronics assembly, semiconductor and general industry. www.ati-ia.com/FANUCFT New Version of CAD/CAM Software is Unparalleled for Advanced Toolmaking Cimatron 2024 directly connects to the CoroPlus Tool Library and TDM tool management system.
The company says EcoOne is a economical solution suitable for processing commodity resins for simple, cost-sensitive applications such as consumer goods, small home appliances, basic automotive components, electronic peripherals/accessories and more. Did you miss these headlines? to 120 grams.
These include automotive, electronics manufacturing, third-party logistics, beverage bottling and fulfillment, and consumer packaged goods. Apptronik won an RBR50 Robotics Innovation Award in 2024 for its bespoke linear actuators. B Capital and Capital Factory led the round. Agility Robotics has raised at least $178 million.
Frost & Sullivans latest analysis, Top Growth Opportunities in 2024 and Beyond: Chemicals, Materials, Nutrition, and Wellness Industries , provides actionable insights into the strategies and innovations driving this dynamic transformation. Are you ready to seize these opportunities and lead in this evolving ecosystem?
Source: Bear Robotics LG Electronics USA Inc. “This additional investment underscores our dedication to positioning robots as a pivotal growth engine for the company, reflecting our belief in their inevitable role in the future,” stated Lee Sam-soo, chief strategy officer at LG Electronics. ” On Jan. ” On Jan.
The number of robots ordered and their total value declined in the first nine months of 2024, according to the Association for Advancing Automation, or A3. From January through September 2024, North American businesses ordered 23,034 robots valued at $1.4 The dollar value of orders and shipments reportedly declined in 2024.
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