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Advisory, finance, and tax firm Grant Thornton has released its 2023 ManufacturingBenchmarking Report, analysing the financial data from 100 Australian mid-sized manufacturers and tracking their performance during FY23. The Report has revealed positive trends in 2023, with a 6.7 per cent year-on-year average sales growth.
Global semiconductor developer BluGlass Limited ‘s gallium nitride (GaN) laser diodes produced at its Silicon Valley production facility are now achieving or exceeding contract manufacturerbenchmarks. These results follow the successful transition of p-side processing from contract manufacturers to its Silicon Valley fab.
Image: bnenin/stock.adobe.com We are excited to announce the release of IBISWorld’s 2024 Top 100 Manufacturers List. These rankings highlights the leading manufacturers that are shaping industry standards and driving innovation across sectors.
Modern Machine Shop’s 2025 Top Shops Benchmarking Survey is now open — and still free. Started in 2011, Top Shops is an annual benchmarking program that identifies the shopfloor practices and operational and business metrics that define world-class competitiveness in discrete parts manufacturing.
Oil, gas, power, manufacturing, and marine environments all have harsh effects on standard sealing solutions, which often leads to a shortened product life. He says that creating high-quality sealing solutions for environmentally rugged applications has been a primary challenge for part manufacturers in recent years.
Photo Credit: StackTeck Systems StackTeck Systems Ltd. is a global provider of integrated plastic molding solutions for the injection molding industry. From product and mold design to complete automation systems and systems integration, StackTeck develops injection molds and systems that provide effective and efficient production solutions.
In difficult and uncertain business conditions, it’s important for manufacturers, especially small and medium-sized enterprises, to know where they stand and take every opportunity they have to improve, but gathering this information requires cooperation.
From the main obstacles to expect and how to pass audits to the role of IT/OT assessments and key benchmarks for coverage eligibility, these are the most important aspects of cybersecurity insurance for the manufacturing industries.
I had an opportunity to speak with Ken Fisher, SVP of Product Management & Solutions Consulting at QAD Redzone, about ways the US can maintain continued manufacturing through the use of technology. They use OEE as one measure of effectiveness because it’s an easy way to benchmark, a good way to compare.
a developer of artificial intelligence and blockchain technologies, this week announced its strategic expansion into the field of robotics manufacturing. “Our expansion into robotics manufacturing represents a significant milestone for Move Digital,” said Kristof Schffling, CEO of Move Digital. ” Northampton, U.K.
The global machine manufacturing ecosystem is undergoing a seismic shift, fueled by cutting-edge advancements and a relentless drive for innovation. In an era where adaptability and efficiency are paramount, industries are embracing smart manufacturing technologies to build more resilient, agile, and sustainable operations.
In today’s rapidly evolving business landscape, the integration of Environmental, Social, and Governance (ESG) principles has become crucial for manufacturing companies striving for sustainability. New Pathways for Sustainable Manufacturing Success The shift toward sustainable manufacturing practices opens a myriad of growth opportunities.
Image: Prime Creative Media Manufacturers’ Monthly Magazine’s Endeavour Awards are the premier accolade in the Australian manufacturing industry, celebrating excellence and innovation across the sector. Sponsoring these awards is an opportunity to position your brand as a leader in the manufacturing sector. advancements.
Image: KPs Photography/stock.adove.com Grant Thornton has released its annual ManufacturingBenchmarking report that shows the manufacturing sector has shown adaptability with many in the sector achieving growth in 2023 through reduced costs and strategic investments. The data showed 7.7 per cent in the previous year.
ABB Robotics today launched an Energy Efficiency Service to provide manufacturers with a package of consultation, analysis, and tools to increase the energy efficiency of their robots. It noted that high energy costs hinder the competitiveness of 58% of surveyed global manufacturers, according to a recent Energy Efficiency Movement report.
With downtime and OEE programs largely automated, manufacturers are turning their attention to energy efficiency as the next benchmark for optimization.
This year’s report captures the continued evolution of compensation practices, helping mold manufacturing leaders benchmark their practices and make informed decisions. manufacturing sector. The 2024 report is based on data from 89 U.S. mold builders, representing nearly 4,000 employees. mold building workforce.
In a rare moment for the manufacturing world, Apple, Qualcomm Technologies, and SEAT S.A. Representatives from all three companies took the stage to be recognised for their transformative contributions to technology and manufacturing. Their work is laying the foundation for global manufacturing industries. Thats changing fast.
At Quantis.ai , we leverage digital solutions to illuminate these errors and provide actionable insights into CIP benchmarks. Using the CIP use case, we show how to make errors in the CIP process visible and how the CIP benchmarks can be analyzed and monitored. are stored in Pocket Factory.
Image: moodboard/stock.adobe.com Australia’s peak steel body, the Australian Steel Institute (ASI), is asking for government support for local steel fabricators and manufacturers, after research revealed the local industry is being seriously undercut by imports.
Queensland manufacturers are boosting sustainability and cutting costs by reducing energy, water and waste through a state government subsidy. . Manufacturing contributes $20 billion a year to the state’s economy, so when businesses can be as efficient as possible, it means more good jobs and better services for Queenslanders.” .
The 5th edition of the Samurai Awards & Conference 2024 unfolded with grandeur at the iconic Taj Miramar in Goa, bringing together the brightest minds and the most innovative companies from the manufacturing and supply chain industries. Here’s a closer look at the winners who stood out for their exceptional contributions.
If a product breaks down while still under warranty, manufacturers will often choose to replace rather than repair it, even if the issue is relatively minor. Manufacturers largely control product repairs using in-country centralised workshops rather than allowing distributors or third-party technicians to conduct them.
Available today and designed to empower workers across logistics, manufacturing, construction, bagging handling, and healthcare industries, Apogee Ultra sets new benchmarks in strength, adaptability, and worker safety, meeting the demands of various high-intensity tasks […]
The Queensland Government is offering a subsidy for manufacturing businesses that want to streamline resource use and shrink their carbon footprint. Manufacturing contributes $20 billion a year to the state’s economy, so when businesses can be as efficient as possible, it means more good jobs and better services for Queenslanders.”.
Utilize this distinctive competitive benchmarking tool to elevate your future growth potential significantly. How are you planning to leverage our unique competitive benchmarking tool to stay competitive and achieve sustained growth? Benchmark to Find Out! The post Are You Maximizing Your Extended Reality Platform’s Potential?
This reportedly marks a significant milestone in supporting manufacturers, system integrators, and end-users in deploying fully interoperable and standardized automation systems for Controller-to-Controller (C2C) communication that enhance connectivity, streamline processes, and reduce the cost of integration.
ProShop ERP , the leading supplier of digital manufacturing management systems and Datanomix , the leader in Automated Production Intelligence , announced a partnership to help manufacturers deliver more insights from their operational data. And this is just the beginning of the possibilities we’ll deliver to our clients soon.” .
Honeywell testing and battery manufacturing Quantum Encrypted Meters Safety Watch and Real-time Location Systems MXP Digitalization System Honeywell’s MXP is an end-to-end digitalization solution designed specifically for the unique needs of battery manufacturing.
Image: New Africa / stock.adobe.com Local manufacturer, The Hygiene Co. recently became the first Australian manufacturer to achieve certification to the new Australian and New Zealand Flushable Products Standard, AS/NZS 5328:2022. Based in Woodville North, The Hygiene Co. Director at The Hygiene Co.
Lean manufacturing principles can streamline operations, reducing waste and boosting efficiency across the production line. Understanding Manufacturing in Australia From traditional methods to advanced technologies, the manufacturing sector continues to evolve, reflecting the dynamic nature of the global economy.
The Harvard index systematically ranks 133 countries by their ability to manufacture and export diverse and complex things and has been a global benchmark of a nation’s global impact since 1995, when Australia ranked 55 on the index. About Advanced Manufacturing Growth Centre (AMGC). billion to the economy.
Collaborative Efforts: Collaboration among stakeholders, including healthcare providers, device manufacturers, and regulatory bodies, is crucial for proactive cybersecurity strategies. Is your team leveraging competitive benchmarking to accelerate growth?
Beverage manufacturer Frucor Suntory has signed an agreement with publicly owned CleanCo to secure a clean energy start for its new beverage manufacturing facility at Swanbank. The post Cheers to clean energy at new Queensland drinks manufacturing facility appeared first on Manufacturers' Monthly.
Its seamless integration into existing production lines makes it an ideal solution for manufacturers seeking high-speed performance with an affordable initial investment. Designed for industries such as fitness equipment, furniture, and job shop manufacturing, it accommodates tube sizes ranging from 0.47”-to-10” in diameter.
Utilize this distinctive competitive benchmarking tool to elevate your future growth potential significantly. The post Is Your Company Benchmarking Leading Product Lifecycle Management Software to Stay Ahead of the Curve? Our primary goal is to assist clients in fostering innovation and accelerating growth.
Powell noted that NVIDIAs efforts now encompass everything from advanced robotics in manufacturing and healthcare to simulation tools like Omniverse that generate photorealistic environments for training and testing. Powell echoed a similar sentiment in her talk at JP Morgan.
Manufacturing excellence encompasses the continuous pursuit of improvement in all areas of the enterprise. They should encourage a broader adoption of lean across all functions of the business and develop a system for benchmarking and sharing best practices.
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Image: Andrey Popov / stock.adobe.com When people talk professional services for Manufacturing businesses, often niche services like Grant and Investor Funding, Research and Development (R&D) Tax Incentives, Cyber Security and Risk and ESG, to name a few, are mentioned first. Data that is complete, accurate, consistent, and timely.
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To this end, a robust inventory control management system is a must so that food and beverage manufacturers can meet their targets while maintaining regulatory compliance. Let’s look at the key features and benefits of inventory control systems in food and beverage manufacturing.
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