Robotic automation needs people.
There is a skilled labour shortage and knowledge gap which are preventing the broader adoption of robotic automation. Designed for manufacturing professionals, the Ready Academy will provide training in the skills that will take manufacturing into the future. And MFG Works says anyone can learn them.
COVID-19 has shown that when traditional supply chains fail, workforces are displaced, economies head towards recession, and the sustainability of ecosystems and communities is threatened, digital manufacturing works.
3D printing has provided a quick solution for manufacturing disruptions, producing personal protective equipment (PPE) near the hospitals that needed it, creating strong competitive advantages for businesses of all sizes, and through the sharing of open-source design files, forging deeper levels of collaboration.
Read about the latest manufacturing trends in HP's new report.
Faced with the worst recession since the Great Depression of the 1930s and a global economy that’s expected to have shrunk by 4.4% by the end of the year, a team at PwC have come up with a five-point plan to ensure businesses are not caught napping by the next global crisis. Read more here.
The shipping industry carries 90% of all traded goods. It operates on narrow margins and most predictions say trade volume will decline – as after the 2008 financial crisis. Yet some of the figures emerging say otherwise.
The Danish group, Maersk, said its earnings before interest, tax, depreciation, amortisation, and restructuring and integration costs will be $2.4bn Q3. This is up from $1.7bn both in the same period a year earlier and in the second quarter of this year.
Søren Skou, CEO of A.P. Moller - Maersk says, "Volumes have rebounded faster than expected, our cost have remained well under control, freight rates have increased due to strong demand and we are growing earnings rapidly in Logistics & Services."
But he warns, "The outlook for 2021 remains uncertain due to the ongoing pandemic. The positive impact from stimulus packages may be less strong in 2021, potential new lock downs will impact demand and the timing and effectiveness of a potential vaccine will impact 2021.”
Standard Chartered has launched its Trade Opportunity Report 2020.
Businesses could increase exports to India by more than $21 billion annually, the report has revealed. The study, which included 10 of India’s key trading partners, also found that Indian exporters could boost exports to these 10 markets by an estimated $17 billion, bringing the total bilateral trade opportunity to $38 billion.
As economies and businesses look to recover from the impact of COVID-19, the study highlights the markets and sectors with new opportunities to grow trade.
India is the world’s fifth-largest economy, and one of the fastest-growing in the world. Its next challenge is to take its place as one of the globe’s most important trading nations. The size of the Indian market, and its increasingly critical role in global supply chains, mean India and its trading partners have much to gain.
