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Source: ARM Institute The Advanced Robotics for Manufacturing, or ARM, Institute today selected six new technology projects for funding. Automated T-shirt assembly system Apparel manufacturing is an industry ripe for automation, making it a strategic focus for the ARM Institute. is leading this project as the principal investigator.
Quality Control in Electronics In electronics manufacturing, where minuscule components play a critical role, AI-driven computer vision systems are the new quality control champions. From sourcing raw materials to delivering finished vehicles, AI-driven algorithms work tirelessly.
“New order rates remain depressed due to buyer and supplier disagreements regarding price levels and delivery leadtimes; these should be resolved by the second quarter. WHAT RESPONDENTS ARE SAYING “Business is still strong, but we have begun to see softening in some pricing, and leadtimes seem to be improving.”
New Orders and Employment Contracting; Production and Backlogs Growing; Supplier Deliveries Slowing at a Slower Rate; Raw Materials Inventories Growing; Customers’ Inventories Too Low; Prices Increasing at a Slower Rate; Exports and Imports Growing; Record-Long LeadTimes for Production Materials and MRO Supplies.
Average leadtime remained 32 percent above previous trough for capital expenditures and 37 percent for purchased materials; both are too high. Electronic components still a major supply chain issue, particularly if the component you need is not the current hot technology.” ” [Computer & Electronic Products].
Manufacturing leadtimes sentiment improved again but remain at elevated levels. ” [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.” percent in May 2020 ).
Manufacturing supplier leadtimes continue to decrease, but at a slow pace. ” [Computer & Electronic Products] “We need to coordinate very closely with suppliers in order to yield a more cost-competitive offer. The Prices Index remained in ‘decreasing’ territory, 4.6
Manufacturing leadtimes clearly improved in the month. Supply chains are prepared and eager for growth, as panelists’ comments and the data support reduced leadtimes for their companies’ more important purchases. Personal care and home care are drivers.”
Manufacturing supplier leadtimes continue to decrease, a positive for future economic activity. ” [Computer & Electronic Products] “Starting to feel softening in the economy, with labor still a challenge to backfill critical roles. The 2024 forecast looks challenging, specially from a cost perspective.”
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