Aerospace and defense companies United Technologies and Raytheon, which have a market value of $166 billion, have agreed to merge in an all-stock transaction. The deal does not include United Technologies' Otis elevator and Carrier building-system assets, which will be spun off before the merger closes.
Tool manufacturer Stanley Black & Decker hit $1 billion in e-commerce sales in 2018 against nearly $14 billion in overall revenue, along with investing in technology and adding 150 people to its e-commerce staff. That tech investment has meant higher R&D expenses.
The US can capitalize on the offshore wind sector's tremendous opportunity for job creation and manufacturing growth by strengthening partnerships between developers, utilities and educational institutions, writes Eric Loth of the University of Virginia School of Engineering. "If we can drive this technology forward and showcase the economic benefits of offshore wind, we can coalesce the public viewpoint around a common strength and vision for the future of energy technology and manufacturing," he writes.
Maintenance and service workers in the field are increasingly using connected apps, which come with distinct cybersecurity risks. Companies can help themselves with layers of security, rigorous monitoring of use and a security design review, writes Mark Hearn of Irdeto.
To maximize your supply chain, make sure you're digitizing it so that all systems can operate seamlessly, writes Pete Butler, founder of MS Companies. "Companies require 360-degree comprehension of how, when and where to holistically leverage the proper optimization platforms," he writes.
Manufacturing intelligence is different than business intelligence because MI uses data analytics and the industrial internet of things to gain insight into manufacturing operations, writes Vinay Nathan. "Unlike other types of IoT devices, IIoT must always be available, must highly reliable, and have low latency," he argues.
The term "blue-collar" can be viewed as dismissive, insulting and evoking a factory environment that no longer holds true, readers tell Adrienne Selko. There's no consensus on a replacement term, although suggestions include "industrial artisans" or "industrial workers."
Veo Robotics has introduced Veo FreeMove, a computer program that the company says helps industrial robots detect movement and gain spatial awareness, which could make them safer around humans. The company is collaborating with four robot manufacturers, as well as Microsoft.
The Institute for Supply Management's Manufacturing Purchasing Managers' Index grew at the slowest pace since October 2016, with the headline index declining from 52.8 in April to 52.1 in May. Trade concerns were front and center in respondents' minds, according to the sample comments. With that said, the sector has now expanded for 33 straight months, albeit with more softening, and the pace of new orders improved in the May survey. Read more.