While companies have been shifting their spending to ecommerce for years, it has accelerated with the pandemic and more remote work.
Mold-and-die shops thrive on the latest technology in tooling, software, and machines. Process success often depends on using best-in-class solutions from the past as well as from the latest advances of today. New ways of using older technologies often depend on advances in enabling technologies.
Sandvik has signed an agreement to acquire 67 percent of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based maker of solid round tools, with a call option to buy the remaining part in three years.
Because its president saw opportunities to improve efficiency and an immediate need to make up for capacity lost due to impending worker retirements, Daiwa Steel Tube is set to save more than $1 million a year.
Resources and guidance to achieve Industry 4.0 success
Protect, prepare for potential disruptions
Case Study: Cobots help better serve customers and improve environment for workforce
IIoT solutions empower manufacturers with real-time insights to solve problems
Move from manual processes to automated solutions for smart manufacturing success
Recycling increases efficiency, enhances brand image and saves money.
