Relativity Space, a satellite launch vehicle startup, raised $650 million in its Series E funding round. With the new capital it plans to build a fully reusable rocket capable of delivering payloads of more than 20,000 kilograms into low Earth orbit.
Ford Motor Co. is going down-market with an affordable hybrid pickup. The basic Maverick is priced at just under $20,000 and powered by a new electric motor, a 2.5-liter engine and a 40 mpg fuel efficiency for city driving.
The oil and gas industry is embracing capital discipline this year even as oil demand continues to increase, said Hess CEO John Hess during a recent virtual conference. Shale has transitioned from a growth business to a "harvest business," Hess says.
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Companies that focus only on ransomware mitigation are missing the real problem: that enterprises are unable to manage or understand their software, writes Adam Shostack. "We need ways to construct, combine, operate, and observe software at new scales and in new ways," Shostack writes.
How Distributors can plot a digital road map While the process of evaluating your digital technology can seem daunting, you don't have to rip everything out and start from scratch — an incremental approach can be the best one to take. This Epicor whitepaper covers the roles of the cloud and e-commerce in distribution technology, plus get tips to chart your own digital roadmap. Download now
The multi-decade strategies that worked for mining materials like iron ore won't necessarily work for nickel, cobalt, lithium and other materials needed for the manufacture of battery and electric vehicle components, asserts PwC. "The way battery minerals present themselves geologically doesn't necessarily lend themselves to a multi-decade horizon," said PwC's Paul Bendall.
Intel has begun looking at its reverse logistics operations as a way to further its circular economy goals, which include sending almost nothing to landfills, according to supply chain manager Greg Skrovan. The company is examining how products can be reused, resold, reclaimed and recycled, as well as working with third-party logistics providers and its own resale division.
Harnessing Data to Drive Omnichannel Efficiency Data has become a critical piece in today's omnichannel puzzle, and the most successful retailers are those who can manage the flood of data they face and make sense of that data to help them make the best decisions possible for their business. Read this SmartFocus to learn how to prepare for new buying habits and embrace new technologies
Hemlock Semiconductor is saving electricity by using the Spotfire planning algorithm, which slows production when power is most expensive. "Now we have visibility, and quite a bit of analytics and AI around understanding our manufacturing process as a whole, not just for power but reducing costs and building out efficiencies," says Chief Information Officer Keith Carey.
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Manufacturers had a record 851,000 open positions in May, a 116% jump since February 2020, and indicates companies "are desperate for workers and they would take anybody in off the street and help them learn what they need to know to start," says Carolyn Lee, executive director of The Manufacturing Institute.
Tesla is synonymous with disruptive innovation. Its sweeping vision has now evolved from a focus on sustainable transport and energy-efficient cars to creating a whole new industry based on sustainable energy. The car is no longer the central aspect of its vision and strategy; it is only part of the bigger puzzle. What can other manufacturers learn from Tesla's strategy? Join a webinar with Benny Daniel, Business Unit Leader for Mobility, Aerospace & Defense Practice at Frost & Sullivan as he shares strategic insights into the key technical and tactical factors that distinguish Tesla from its competitors. Join us tomorrow, June 10, at 11:30 am EST. Register here.