The ever-volatile oil and natural gas industry—roiled most recently by September’s drone attacks on Saudi Arabian oil facilities that temporarily reduced the kingdom’s output by nearly half (about 5 percent of global production)—faces particularly challenging requirements for machined components to meet evolving supply targets.
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Machine tool orders fell slightly in September on a monthly basis, the Association for Manufacturing Technology said in a monthly report.
Software AG (Frankfurt, MDAX: SOW) announced an original survey of over 125 North American manufacturers in the heavy industry and automotive sectors that revealed they are unable to scale their Industrial Internet of Things (IIoT) investments across their enterprises, and therefore are losing millions of dollars in potential profits while falling behind competitors that have invested in enabling technologies that support IIoT across the enterprise.
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Looking to improve operations and expand its aerospace business, M-1 Tools Works began working with Cimco, a CNC communication and networking software supplier. Today, M-1’s programmers can write programs and get them to any machine in its plant.
Blockchain can help power the process to monetize Big Data and will play a role in the FDA’s regulations to limit pharmaceutical counterfeiting by increasing security of the drug supply chain, said experts Smart Manufacturing gathered at Westec 2019 for an exclusive blockchain-tech roundtable
Manufacturers of all sizes see an uptick in productivity after adding a factory within a factory via an automated machining cell. The cells are small-scale, clearly defined production units, often for a family of similar parts or a product, and they typically include a robotic arm and one or more machine tools.