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percent in revenue over 2023. Food and consumergoods emerged as the years fastest-growing sector, with robot orders surging by 65 percent. In Q4 2024, North American companies ordered 8,277 robots valued at $506 million, reflecting eight percent growth in both units and revenue compared to Q4 2023.
A recent Association for Advancing Automation (A3) report finds that robot sales in North American declined by 30 percent in 2023 after record orders in the two previous years. Companies purchased 31,159 robots in 2023, compared to 44,196 ordered in 2022 and 39,708 in 2021.
Source: A3 After two years of record sales, North American robot orders declined by 30% in 2023, said the latest report from the Association for Advancing Automation, or A3. These 2023 robot orders were divided almost equally among automotive (15,723 robots sold) and non-automotive companies (15,436 robots sold).
Aequs is a fast-growing diversified contract manufacturing company providing vertically integrated product solutions across its global customer base in the Aerospace, Toys, and ConsumerGoods industries. The post Dynamic Manufacturing India May June 2023 edition appeared first on Machine Insider.
A3 said robot sales in North America were down 6% in the first quarter of 2024 compared to the same period in 2023. In Q1 2023, North American companies ordered 9,168 units for a total of $597 million. North American robot orders declined by 30% in 2023 after two years of record sales.
Could These Risks Derail Your 2023 Engineering Projects? Design News asked Matthew Bey, senior global analyst for RANE, a risk intelligence company, about the current supply chain risks that could impact engineering projects in 2023. Six Logistics Trends to Watch for in 2023. Design News | Dec 6, 2022 | Design News.
Automate , is returning to Detroit for a second straight year, running from May 22-25, 2023. Now is the opportunity for companies to take their business to the next level at the most important automation event in 2023,” said Jeff Burnstein, president of A3 in a press release. A3 is a CFE Media and Technology content partner.
North American companies ordered fewer robots in the first quarter of 2023 than for the same period last year. During Q1, non-automotive orders in consumergoods, semiconductor & electronics, plastics & rubber, life sciences/pharmaceutical/ biomedical, metals, and others purchased 3,519 robots, down 42% over Q1 2022.
Out of over 700 submissions, Ampcontrol was ranked eighth within the Manufacturing and ConsumerGoods category of the Australian Financial Review (AFR) BOSS Most Innovative Companies List for 2023.
economy and high interest rates, resulting in a 37% drop in robot orders and a 20% decrease in value in Q2 2023 compared to the same period in 2022. The post Robot orders decline in Q2 2023 appeared first on Control Engineering. A slow U.S. A slow U.S.
To highlight its newly launched KMP 600-S diffDrive mobile platform AGV system, KUKA partnered it with a KR IONTEC robot in a cell developed by Mujin for palletizing and depalletizing consumergoods. To coordinate robot movement, the cell incorporates a Mujin controller and camera system.
Preliminary figures released by BASF SE suggest that sales dropped by a quarter in the second quarter of 2023. While it does not anticipate further weakening in global demand because of the customer destocking that has already taken place, it still expects demand for consumergoods to be lower than previously expected.
Jim joined Paragon Rapid Technologies on 20th March 2023. Jim is a Rolls-Royce trained Fuel systems engineer with 10 years’ experience in Additive Manufacturing (AM), supporting the Aerospace, Medical, Automotive, Optics, Military, Robotics, and Consumergoods markets UK wide.
TORONTO — Nulogy, a provider of supply chain solutions, announced that two of its leaders have been named Supply Chain Pros to Know for 2023: CEO Jason Tham and Vice-President of Product Marketing and Go-to-Market Christine Barnhart. CEO Jason Tham and Vice-President of Product Marketing and Go-to-Market Christine Barnhart. Photo: Nulogy.
Chemspec Europe 2023 is the ideal platform for enabling new learning opportunities, networking with industry peers, and showcasing this dynamic industry. The post Chemspec Europe 2023: The marketplace for fine and speciality chemicals appeared first on Manufacturing & Engineering.
million) during the first half of 2024 compared to the same period in 2023, according to the latest robotics market report from the Association for Advancing Automation (A3). percent increase over the first half of 2023. Food & ConsumerGoods reported a strong performance, with orders surging by 85.6 percent to $982.83
Organizers are calling Pack Expo Las Vegas 2023 the “most comprehensive packaging and processing event in North America this year,” highlighted sustainability, noting the Sept. link] The post Motion control, ease of use, sustainability: Pack Expo Las Vegas 2023 appeared first on Control Engineering.
SoMAC CRC commenced operations in January 2023. We are excited to have lift-off, and to start deploying our main mission – to position Australia as a future leader in composites technologies. The post SoMAC CRC executes first Australian space research project appeared first on Manufacturers' Monthly.
Continuing the strong performance shown earlier this year in emerging robotics markets, life sciences/pharma/biomed (up 35 percent), and food & consumergoods (up 13 percent) both reportedly showed another quarter of double-digit growth. percent drop in revenue compared to the same period in 2023.
In December 2023, the company announced the acquisition of intellectual property from Giant.AI Eclipse Automation creates automated manufacturing systems for life sciences, industrial equipment, automotive, energy and consumergoods companies. Financial details of the investment were not disclosed.
2023 Survey conducted by B2B International among 327 manufacturers in the USA, Germany, and Japan. Our open, secure, and flexible end-to-end solutions enable flexible industrial manufacturing and mass personalization in various industries including healthcare, automotive, aerospace, eyewear, art and design, wearables, and consumergoods.
The post RAPID + TCT 2023 Recap appeared first on Additive Manufacturing (AM). In addition to the 350+ exhibitors, there was also a Main Stage with a high-calibre speakers rotating through the stage all day, and the Tech Hub for events such as the all-new Pitch Fest, which was standing room only every time I walked past it.
Companies ordered 7,697 robots valued at $457 million from April to July 2023, a 37 percent decline in robot orders and 20 percent drop in value over the same period in 2022. In contrast, automotive components, food and consumergoods, and automotive OEMs saw the most substantial declines.
“Australian manufacturing is being impacted by the global manufacturing slowdown, partly a reflection of the post-pandemic drop in demand for consumergoods and partly a reflection of weaker global industrial production,” said Warren Hogan, chief economic advisor at Judo Bank.
For the first time in its exhibition history, the Sumitomo (SHI) Demag booth at Fakuma 2023 (B1-1105) features entirely all-electric machines. At Fakuma 2023, Sumitomo (SHI) Demag demonstrates that its all-electric IntElect platform is an excellent option for manufacturers producing components in every market segment.
At Fakuma 2023, visitors will get the opportunity to see Sumitomo (SH) Demag’s LSR processing competence in two live demonstrations. where insulation is required, as well as in medical and healthcare products and the consumergoods sector. The post Sumitomo (SHI) Demag LSR Double-bill at Fakuma 2023 appeared first on i4.0
At COMPUTEX Taipei 2023, the Group will present smart technologies empowering sustainable cycles to create green values for customers. The post The BenQ Group Presents a Green Booth Compliant with ISO 20121 at COMPUTEX Taipei 2023 Showcasing Smart Solutions, Highlighting Innovative and Sustainable Values appeared first on i4.0
Pharmaceutical company Sigma Healthcare Limited has signed a binding term sheet with Chemist Warehouse for the supply of Pharmaceutical Benefits Scheme (PBS) medicines as well as Fast-Moving-Consumer-Goods (FMCG) products for a five-year period beginning on 1 July 2024.
At PLAST 2023 in Milan, Sumitomo (SHI) Demag Italia showcases the company’s own-label robotics series, alongside two energy-efficient and compact IntElect machines equipped with digital tools and remote monitoring. Packaging and medical are continuing to perform strongly and consumergoods remains as important as ever.
Prodex Is a Fastener & Hardware Distribution Company MINNEAPOLIS – June 5, 2023 – The Minneapolis-based True North Family of Companies is pleased to announce the acquisition of Prodex Supply, Incorporated, of Eden Prairie, Minnesota. True North Family of Companies Acquires Prodex Supply Inc. of Eden Prairie, Minn.
Climate-neutral delivery of machines and systems starting in 2023. Starting in 2023, Optima will be able to determine the individual climate footprint of customer projects, implement reduction measures together with customers and deliver machines and systems in a climate-neutral way by means of residual compensation. About OPTIMA.
San Antonio, TX – April 19, 2023 – Frost & Sullivan recently researched the fashion, retail, and consumergoods product lifecycle management (PLM) industry and, based on its findings, recognizes Centric Software with the 2023 Global Customer Value Leadership Award.
Healthcare & Pharmaceuticals, Fast Moving ConsumerGoods, Electric Vehicle & Infrastructure sector, Agricultural & Agrochemical, Manufacturing, Engineering & Infrastructure are the leading sectors. GDP growth in 2023. Regardless of global economic challenges, India recorded a GDP of 8.7%
The aerospace sector averaged the highest end-use part CAGR rate across all technologies, closely followed by consumergoods. Unsurprisingly, end-use part categories across numerous industries dominate the list of ‘top 5 fastest compound annual growth’ opportunities in each major polymer AM print technology segment through 2030.
IDTechEx’s new report, “ Polymer Additive Manufacturing 2023-2033: Technology and Market Outlook “, finds that polymer 3D printing is moving beyond prototyping to high-value adoption by end-users, which will propel its growth to US$21.1 ConsumerGoods. billion in 2033.
This transaction will try to strengthen Sodiaal’s FMCG (Fast Moving ConsumerGoods) division, with a portfolio of diversified brands under Yoplait (Source, Crémeux, Yop, Minigo, Tubes) and Liberté (in particular the Greek and Mediterranean ranges). billion [in 2023], offering a strong growth potential for Yoplait in this region.
Mitsubishi Electric will highlight sweet spots for its smart solutions in the food packaging industry with a range of chocolate-filled demos at Interpack 2023 in Hall 6, Stand A40. Visit Mitsubishi Electric on Stand A40, Hall 6 at Interpack, taking place from 4th-10th May 2023, at Messe Düsseldorf, in Düsseldorf, Germany: www.interpack.com.
And IBM’s submission of three additional quantum-safe signature schemes in 2023 continues to support NIST and its ongoing standardization efforts. IBM’s FN-DSA (formerly Falcon) was also among the four algorithms NIST initially selected in 2022, and is expected to be standardized in the future.
In July and August 2023, MIT Technology Review Insights polled 1000 business leaders about their organizations’ approaches to implementing generative AI technologies. Respondents were distributed among 11 industries, including consumergoods and retail, financial services, manufacturing, and pharma and health care.
Launched at the January Furniture Show 2023, the new section of membership welcomes retailers into the organisation who are committed to selling and promoting British made goods and is open to retailers across the UK. SCS was among the first major retailers to join the BFM’s Approved Retailer category, along with Furniture Village.
CGTech will attend the Southern Manufacturing and Electronics exhibition from 7 th – 9 th February 2023 at the Farnborough International Exhibition Centre. On stand C215, the CGTech team will be demonstrating the latest release of their simulation software, VERICUT 9.3.
To hear HSE scientists and engineers presenting 5 min ‘Turbo Talks’ on their work, please join them for the 2023 HSE Annual Science Review launch seminar, online, at 1pm on 20 April. Read more about HSE’s case studies highlighted in this year’s Annual Science Review.
. “Our ongoing mission is to enable sustainable innovation for our consumer brand customers around the world—powering their external supply chains through emerging technologies such as data-enabled visibility and collaboration. “The supply chain management software segment is projected to reach $18.04
This financing will enable BFT to produce over 10,000 metric tons of sero hemp fibre per year by 2023 and up to 50,000 metric tons per year by 2026. BFT will immediately begin work to expand fibre manufacturing capacity at its US-flagship facility in Lumberton (NC) and its EU-facility near Düsseldorf (NRW).
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