Caterpillar Profit Falls as Product Demand Drops October 27, 2020 Caterpillar Inc., the maker of heavy construction and mining equipment, today reported a sharply lower third-quarter profit as demand for the company’s products dropped.
Reshoring Operations in the Age of COVID-19: Part One October 27, 2020 In March 2020, the World Health Organization officially declared the novel coronavirus outbreak a pandemic. Manufacturers are dealing with the fact that the virus has exposed the fact that many domestic brands rely significantly upon China for fulfilling some, part, or nearly all, of their supply chain.
Fabricator Uses Cobots to Beef Up Welding Operations October 27, 2020 Processed Metal Innovators LLC (PMI), Bloomer, Wis., is a metal fabricator that produces hundreds of different stamped and welded metal parts for heavy equipment, automobiles, appliances, and more.
Neurala Announces Strategic Partnership with IMA Group October 20, 2020 Vision AI software company Neurala announced a new strategic partnership with global manufacturing leader IMA Group.
ROKiT MADE to Build Largest e-Bike Factory in the United States October 19, 2020 ROKiT MADE, is building what it calls the largest e-bike manufacturing facility in the United States. ROKiT MADE’s campus, called the “ORB,” is slated to open in 2021. ROKiT MADE has committed the necessary funds to building the infrastructure and ORB campus and plans to merge with a SPAC.
Investment Banking Practice Aimed at Robotics, Automation, AI Launched October 15, 2020 Cascadia Capital said it is launching one of the nation’s first emerging growth investment banking practice groups dedicated to Robotics, Automation, and Artificial Intelligence (RAAI).
Executive Discusses AI's Impact on Workers October 14, 2020 The CEO of an artificial intelligence company discusses how AI affects workers and how AI can be deployed well.
Weymouth and Bial join Xometry Board of Directors October 14, 2020 Xometry, the on-demand manufacturing marketplace, announced that Katharine Weymouth and Deborah Bial will join Xometry's Board of Directors as independent directors.
UR Helps Tool Gauge Double Production of Components October 13, 2020 Tacoma, Washington-based Tool Gauge manufactures precision metal and plastic components and assemblies for the aerospace industry.
FANUC Launches “Take Control” Virtual Event Featuring its Latest Automation Technologies October 12, 2020 The event will debut Oct. 19-22, and include three distinct zones: Knowledge, Solutions and Exploration.