The supply chain for electronics and electrical components is under more strain and demand than ever before, but robotics and automation can give manufacturers the boost they need. The use of robots in electronics manufacturing can result in reduced waste, greater efficiency, and a safer working environment. Annual installations of industrial automation for the electrical and electronics industry have grown…
Driven by requirements to adapt to the context of the COVID-19 pandemic, the logistics industry in Japan is accelerating digitalization efforts even as disease prevention measures have been relaxed. Parties have been able to leverage technology to address a number of related challenges, from intra-logistics to B2B and last-mile logistics (business-to-end customer). Logistics challenges and solutions through digitization In the…
Market overview of Vietnam Food and Beverage Industry Vietnam has become one of the most attractive and dynamic food and beverage (F&B) markets globally in 2019, ranking top 10 in Asia (IBM, 2019). Total retail sales of consumer goods and services will always grow steadily until 2019. The growth rate in 2020 and 2021 will be slowed down due to the…
Asset tracking solutions help any industry that deals with high-value inventories or assets. Industries that deal with assets for critical support such as healthcare, manufacturing, mining, oil, and gas must have solutions for asset management. For businesses managing significant amounts of resources or maintaining equipment over a significant geographic region, using an asset tracking system significantly boosts their operations. Asset…
What we observed this year: We are facing an energy crisis right now and there’s a feeling that many companies will start implementing energy savings measures and optimization — how they use fuel and energy — to save money, change their processes, and so on. I would say this is one of the most meaningful Industry 4.0 trends, and we…
Over the past few years, blockchain technology has increasingly attracted the attention of various end-use industries. Blockchain is an internet-based technology that allows for the decentralized and immutable storage of huge amounts of structured data. Blockchain technology has the potential to increase the efficiency and profitability of most businesses and provide a platform for creating and distributing ledgers. Encrypted ledgers…
For the warehouse, supply chain improvements revolve around being productive, meeting customer service levels, effectively managing inventory, and running an optimal warehouse. All the recent disruptions in the supply chain have created an environment that accelerates innovation, digital transformation and enhanced automation. Automation in the warehouse is nothing new. Conveyors, automated storage and retrieval systems, sorters and many other technologies…
Executives are focused on delivering new products to market on time and within designated margins. This is particularly challenging for manufacturers that rely heavily on suppliers. Margins keep getting tighter, and customer demands and expectations continue to grow. Failure to meet goals and commitments has a long-term impact on a company’s reputation and viability. The mass of real-time data…
Modern robotics technology has the potential to optimize supply chains by making them robust and resilient to handle dynamic supply chain and logistics requirements. Logistics operations have traditionally been heavy in their reliance on manpower. But with the current complex market dynamics, soaring operational costs and scarce manpower, there is a need to automate logistics now more than ever. To…
The size of the global third-party logistics (3PLs) market is expected to grow from $900 billion (2021) to $990 billion this year at 9.4% CAGR, according to Business Research Company. The strong increase of global retail systems, especially in developing countries, is expected to be the main driving force to help drive the 3PL logistics market to grow strongly in…
