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Persistent transport, material, and labour shortages, combined with rising inflation and cost pressures, have underscored vulnerabilities in global supplychains. Procurement and supplychain specialist Industry Capability Network (ICN) emphasises the importance of a proactive approach to strengthening national self-sufficiency.
Uncertain global environments around trade and other geo-political events have made agile supplychains the difference between a firm’s success, survival, or failure. This is because of poor visibility, high data latency, and the unstructured nature of data present in many of today’s distributed supplychain networks.
Image: razihusin/stock.adobe.com The Australian Government is set to invest $262 million to boost local defence industry and develop the AUKUS nuclear-powered submarines supplychain. The post $262 million to support AUKUS supplychain appeared first on Manufacturers' Monthly.
Image: pikselstock/stock.adobe.com Is your manufacturing business leveraging supplychain management (SCM) effectively? Imagine a world with partners, not headaches The supplychain arena is filled with the victims of obsolete strategies. Read on to discover the key benefits. The bridge?
Image: DigiKey DigiKey , a leading global commerce distributor offering the largest selection of technical components and automation products in stock for immediate shipment, announced the release of Season 3 of the SupplyChain Transformed video series , sponsored by Omron Automation and onsemi.
“From research and development to supplychain management, AI is set to revolutionise science, operations, and business. Improving the supplychain: AI can streamline the fragmented food industry supplychain by breaking down operational silos and providing actionable insights from large datasets.
With all the disruptions to the supplychain we have witnessed over the past few years, Plex leveraged ML to evaluate project information in a way that does not require data scientists. Here are a few additional bullet points of information: Make it repeatable, spreadsheets are prone to error. Focus on anomalies.
Surgere, the industry leader in creating supplychain visibility with 99.9% data accuracy, has launched its new agentic AI assistant: Sophia, an intelligent supplychain companion fully integrated into Surgeres Interius platform. Humans simply cannot understand, process, and act on data instantaneouslybut AI can.
Businesses are under increasing pressure to align with the government’s climate objectives and meet the growing demand for sustainability in supplychains, especially in the manufacturing sector. For more information and to take the Net Zero Readiness Assessment , or book a 15 minute consultation with their Climate Team today.
The new look and feel were informed by user-based research that focused on key themes such as: design user experience site understanding expectations product offering dashboard functionality. This process has been heavily informed by user feedback and will continue to undergo user testing and improved developments. “We
PHOTO: Supplychain/Nick Saltmarsh via Flckr. The strategy outlines the province’s plan to try and strengthen the agri-food sector, ensure an efficient, reliable, and responsive food supply and address ongoing vulnerabilities through new innovations.
These topics have been subjects of thoughts all this yeardata, supplychain, digital transformation, predictive maintenance, skilled labor. This year, the challenge will be not only keeping pace and embracing technological change but mitigating the risks of increasing labor shortages and supplychain disruptions.
Image: razihusin/stock.adobe.com The Federal Government has awarded several contracts under a qualification process that paves the way for the Australian businesses to enter UK and US submarine supplychains. The post First AUKUS Defence industry contracts awarded appeared first on Manufacturers' Monthly.
Global supplychains have faced significant disruptions in recent years. While pandemics, natural disasters, geopolitical conflicts, and other disruptive events are inevitable, manufacturing managers can insulate their supplychains from their worst effects with proper preparation. What is SupplyChain Planning?
Now, if only all business people were ethical… INFORM has announced the launch of its in-depth “Responsible AI Guidelines” to support the responsible use of artificial intelligence (AI) while advancing the technology. INFORM’s commitment to “Trustworthy AI” revolves around several pivotal principles: 1.
Procurement and supply specialist Industry Capability Network (ICN) said a proactive approach is essential to improve national self-sufficiency. Following its own advice, ICN has leveraged four decades of data to reveal gaps in the local supplychain before they become a problem for government or private project owners.
Companies are reevaluating their offshore supplychains, driven by rising costs, geopolitical risks, and supplychain disruptions. For smaller manufacturers, this shift also presents a unique opportunity to position themselves as key players in the rebuilding of domestic supplychains. has gained momentum.
Image: ICN The Queensland Government has taken a significant step towards bolstering the battery manufacturing industry with the launch of Australia’s first Battery SupplyChain Database. For more information and to access the Database, visit [link].
This experience gives the networks’ supplychain experts a strong understanding of, and vision for, the manufacturing sector. By doing this, they find opportunities to break into new and expanding supplychains. For more information on ICN, or to connect with a supplychain expert, visit the website or call 1300 961 139.
Supplychain stability has become a major global issue in recent years. Cybersecurity risks in the supplychain add to the challenges of maintaining stability. This includes integration of operational and information technology (OT/IT) in manufacturing as well as integration across businesses in the supplychain.
Controlling its own engineering and manufacturing processes was very resource intensive for Metso as information was stored across its ERP, order management and planning, engineering, and manufacturing processes. The custom applications offered flexibility and transparency by providing all team members easy access to critical information.
The new trams are being built with at least 65 per cent local content and will support up to 1,900 local jobs across manufacturing, construction and the supplychain. The three section, 25 metre long G class trams will feature more doors, handrails and improvements to displays and passenger information.
Image: RSM RSM Australia recently hosted an informative lunch event in Brisbane City for SMEs and Corporates in the manufacturing sector. This forward-looking initiative aims to bolster local manufacturing capabilities, enhance supplychains, and drive economic recovery. Website: www.rsm.com.au
Strengthening SupplyChains The afternoon panel on Strengthening the Chain: Building Resilient Supply Networks brought together supplychain leaders to address post-pandemic disruptions and digitization strategies. Shweta Srivastava , Head Dept.
Supplychain has never been my focus in writing. This suite of applications streamlines collaboration, assessment, and connectivity with suppliers and OEMs by providing secure, remote access to controlled subsets of digital thread and PLM information through configurable mobile-optimized web applications.
Image: Viks_jin/stock.adobe.com A blueprint for Australia to develop new clean energy manufacturing capabilities and capitalise on export opportunities for clean, secure energy supplychains has been published. State, territory and federal governments have worked together and with industry to finalise the National Hydrogen Strategy.
Many industries face increasing compliance requirements, consumer demand for detailed lot-level package information, and competitive pressures for supplychain speed and efficiency. This required significant investment, the… The post Automate In-Line Packaging OCR with Easy-to-Use AI appeared first on Design World.
Recipients spanning robotics to medical manufacturing, farming, defence and mining have been the first to receive funding since the program commenced, boosting jobs, growing businesses and strengthening local supplychains. For more information, including eligibility, visit here.
Reshoring to overcome supplychain challenges, artificial intelligence, flexible automation systems, reliance on data and purpose-built robots are some of the trends that experts believe will be mainstays in the industrial automation space for the manufacturing industry. Adaptability will be key in 2025 and beyond.
while for others it meant finding Australian supplychains when travel bans hit imports. For Indigenous-owned and Supply Nation Certified company, The Cryogenics Group, it meant an unplanned cross-country move and a whole new market. For some, it meant focusing on a new product or service (hand sanitiser and masks, anyone?),
After a 2024 that saw the industrys landscape continue to evolve, businesses are striving to find ways to enhance supplychain efficiency and product quality. As a cornerstone of the nations economy, the manufacturing industry relies on informed decision-making.
o9, a leading enterprise AI software platform provider for transforming planning and decision-making, shares key insights from its supplychain experts and leaders, highlighting interesting trends that will redefine SupplyChain Management (SCM) across retail, EV, and pharma in 2025.
In 2024 alone, incidents surged by 75%, driven primarily by ransomware groups and state-sponsored attackers exploiting the increasing integration between Information Technology (IT) and Operational Technology (OT) systems. The consequences of these cyberattacks extend far beyond just ransom payments.
Bosch-backed factory floor tech Pico MES is digitizing, error-proofing & increasing efficiency for the small/mid-sized factories (98% of the industry) at the heart of the American supplychain & providing a blueprint for how to transform our factories. He wants to fill the gap between enterprise and supplychain software.
They all try to inform industry leaders about specific areas of attack and vulnerability. New (to me) cybersecurity companies continue to spring up. Its biannual Cyber Threat Intelligence Report released Aug. 22, features top threats observed in the first half of 2024, and emerging cybersecurity trends.
Australian manufacturing has declined over the past two decades, with manufacturers facing high costs and supplychain issues. The policy connects three missionsHousing, Net Zero & Energy Transition, and Local Manufacturingto promote collaboration across industry, the innovation sector, and trade businesses.
This further information about the product comes from the press release. AVEVA’s new hybrid MES solution enables manufacturing companies to manage production data in the cloud, to improve supplychain agility with enterprise-wide visibility into distributed plant operations. Predictive usage of sustainable resources.
layan Arkan, Vice President, Global Strategy and Sales Lead, Manufacturing and SupplyChain at Microsoft, a few years ago. Checking through Microsoft press information recently, I came across his blog reporting from Hannover in May. Designing more resilient supplychains. Here are four trends he picked up.
For more information on the new IO-Link condition monitoring sensor, visit our website. Since 1969, ifm has developed, produced, and sold sensors, controllers, software, and systems for industrial automation and SAP-based solutions for supplychain management and shop floor integration worldwide. As a pioneer of Industry 4.0,
AI is no longer a futuristic concept in industrial settingsit is actively reshaping factories, supplychains, and production floors today. Industrial AI Is Driving a Massive Transformation Across industries, AI is revolutionizing manufacturing, logistics, and supplychain management. The Biggest Shift?
Founded in 1970, IRWIN has become a trusted partner for manufacturers across Canada, renowned for its innovative supplychain solutions and exceptional customer service. For more information, visit www.afcind.com. Irwin quickly rose to the top of the list, and we are thankful to be able to add them to the AFC family.
Atlas Copco Rental supplied a ZT315FF VSD oil-free air compressor to its customer, a major pharmaceutical manufacturer who manufactures and distributes a wide range of healthcare products and is a key supplier to both the private and public sectors. For more information contact Atlas Copco Rental’s friendly sales team on 133 420.
1 Growth in the month was driven by easing supplychain challenges and ongoing demand from overseas markets – which grew 76.8% 2 Mike Hawes, SMMT Chief Executive, said, An end to recent supplychain disruption signals a return to growth for the UK’s commercial vehicle sector, and significant growth at that.
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