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Think Tank
Industrial Manufacturing: Page 170
Prescriptive Analytics to Be 'Crucial' for Industrial Internet of Things
Prescriptive analytics is a bit of a unicorn - a thing of beauty, but rarely seen. That's about to change, with prescriptive analytics and the Industrial Internet of Things (IIoT) enjoying their teenage years together.
Hitachi Consulting Joins AT&T Partner Exchange in Cloud-Based I.T. Outsourcing
Hitachi Consulting Corp. has joined the AT&T Partner Exchange.
Despite Steel Glut, China Buys Into Africa's Steelworks With Eye on Future Demand
Africa's second-largest iron-ore mine, in Tonkolili, Sierra Leone, was snapped up by China's state-owned Shandong Iron and Steel Group in April. In fact, Chinese firms, it seems, are buying into the market while stocks are cheap. Hebei Iron and Steel Group is building a massive steelworks in South Africa; last month it received approval to takeover the Swiss firm Duferco's African steel processing and sales network.
Supply Chain Quality: Challenges and Benefits
North American Chemical Industry Experiencing Once-in-a-Generation Renaissance
The growth rate of the large and diverse chemical industry in North America tends to track GDP, but a confluence of factors is expected to accelerate the industry's growth relative to the overall economy during the next five to ten years. By the end of this period, the U.S. - representing more than 80 percent of the North American chemical market - will be a larger net exporter of chemicals than it is today.
King Solutions Commences Expansion of Minnesota HQ
King Solutions Inc., an asset-based third-party logistics provider and freight forwarder, has broken ground on the expansion of its headquarters in Dayton, Minn.
Shoe Retailer Decides Barcodes Work Better Than RFID for Keeping Tabs on Inventory
Describing radio frequency identification labels as a "learning tool," Peltz Shoes has stopped using the technology, primarily because of high costs related to the passive tags, and changed to a barcode system.
Walmart Initiative Designed to Support Jobs in U.S. Manufacturing
Walmart has committed to investing $250bn in products that will support and create American jobs by 2023. Based on data from Boston Consulting Group, it is estimated that one million new U.S. jobs will be created through this initiative. Responding to feedback from its vendors that finding U.S. sources of supply was a challenge, Walmart plans to use ThomasNet's platform for product sourcing and supplier discovery.
Imports Rebound as U.S. Retailers Prepare for Back-to-School Sales
Import cargo volume at the nation's major retail container ports is expected to increase 7.3 percent this month over the same time last year as retailers stock up for the busy back-to-school season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Sourcing from Mexico: Tackling the Challenges of Nearshoring
For manufacturers, Mexico is heating up. According to a recent survey from AlixPartners, 41 percent of manufacturing and distribution executives globally believe that bringing production back from overseas – a strategy known as nearshoring – is an opportunity for their organizations, and 86 percent of that group report that they have nearshored or expect to within the next few years.
Growing Demand Seen for Industrial Machinery After-sales Service
Seventy-eight percent of small- to mid-sized industrial machinery companies believe their customers' expectations for after-sales service are rising, but just 12 percent of those manufacturers say replacement parts and service are top differentiators for their business.
Ahoy, 3D Printing! Navy Looks to Make Parts Aboard Ships
The Office of Naval Research will meet with 200 industry reps later this month in advance of the Navy's deep dive into additive manufacturing - aka 3D printing.
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