After years of cancellations and virtual events due to the pandemic, industrial trade shows are back. Even with tremendous advances in how virtual events are conducted, they still cannot compete with the efficiency and powerful ability of in-person events to help brands form new business connections.
The 4th industrial revolution, also known as Industry 4.0, refers to the current trend of automation and data exchange in manufacturing technologies, including the Internet of Things (IoT), artificial intelligence (AI), and cognitive computing. It is characterized by a fusion of technologies that blur the lines between the physical, digital, and biological spheres. The creation of “smart factories,” in which machines and systems can communicate and cooperate with each other, making the production process more efficient and flexible, is the primary goal. Smart factories blend several new technologies together, such as the Internet of Things (IoT), artificial intelligence (AI), and robotics, to create manufacturing processes that are more efficient, flexible, and adaptable.
The pandemic disrupted supply chains around the world and exposed many weaknesses, but one of the most glaring issues was in microchip manufacturing. Microchips are the engine that runs the modern world, from cars to mobile phones, computers, and electronics of all kinds, disruption to the production of microchips rippled through the world economy. Many industries that require advanced microchips in the manufacturing process experience delays and shortages. The shortages drove the price of goods up and contributed to rising worldwide inflationary pressures.
Couplings are a simple component that are often overlooked until late in a project which can cause issues. If not given the proper care and attention to detail early, they can become a source of frustration and even failure if handled incorrectly.
“What critical medical components are currently vulnerable to supply chain disruptions, but could be sourced domestically with some prior planning and coordination?”
The origin of lean manufacturing can be traced back to Henry Ford’s assembly line. If there’s one thing Ford did impeccably, it was cutting waste. Yet, it wasn’t until the mid-1940s when Toyota Corporation picked up on the idea of minimal waste and perfected the process. Toyota’s lead engineer, Taaichi Ohno, designed an operating system solely focused on reducing errors, ordering parts and supplies, shrinking inventory, and above all, eliminating waste – all with the aim of reducing warehousing costs.
Robotics are changing the face of almost every industry, with the manufacturing sector appearing to benefit the most. In fact, some people refer to this age as the “fourth industrial revolution,” and for a good reason. If the current statistics are anything to go by, then you’d be right to say that we are in the age of robotics. On a global scale, data shows that a whopping 1.3 million industrial robots have made their way into factories.