Week 32 in Manufacturing News

The IHS Markit Manufacturing Purchasing Managers’ Index fell to 50.4 in July; The Future of Manufacturing Technology; Global Pharmacy Automation Systems Market to witness heavy growth prospects via manufacturing sector up to 2024.

Gauge of US manufacturing hits lowest since September 2009, raising concerns about the economy

The IHS Markit Manufacturing Purchasing Managers’ Index fell to 50.4 in July, down from 50.6 in June, driven by a weaker demand. The firm also noted managers’ signaled slower hiring.

Source: CNCB.

UK manufacturing ‘suffocating’ as output slips to seven-year low

Output and new orders shrank as factories came under pressure from the high level of uncertainty over Britain’s future trading relationship with the EU and from the US-China trade war, which has caused a sharp slowdown in international trade.

Alongside a drop-off in global demand because of the trade war, the survey also found EU-based companies were switching to non-UK suppliers to avoid potential Brexit disruption.

Source: The Guardian.

Global Pharmacy Automation Systems Market to witness heavy growth prospects via manufacturing sector up to 2024

ICRWorld’s Pharmacy Automation Systems Market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.

ICRWorld’s Pharmacy Automation Systems Market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.

Link: Big Market Research.

The Future of Manufacturing Technology

The global manufacturing market reached $38 trillion in 2018, contributing a 15% increase in global production output.

To sustain ongoing growth, today’s manufacturers are focused on three key mandates. First is to improve utilization rates of expensive fixed assets. Second is to fill the current and increasing void of specialized labor. Lastly, manufacturers must protect operating profit.

• Robotics: auto-guided vehicles, sorting arms
• Software as a service (SaaS): vision software, predictive maintenance
• Digitization/data software: marketplaces, data analytics solutions
• Augmented/virtual reality (AR/VR): wearable headsets, vision picking software
• Material science: additive manufacturing, innovative materials
• Batteries: contactless charging systems, ultrasound transmitters

Source: Forbes.

Henrik von Scheel: In conversation with the ‘Father of Industry 4.0’

Beyond Brexit, Henrik believes that the Fourth Industrial Revolution plays to UK manufacturing’s strengths in a number of ways: “Firstly, your executive teams tend to be good thinkers – with a well-deserved reputation for creativity and innovation. You have long-established global trading links – this ‘cultural capital’ gives UK manufacturers a distinct competitive advantage when building international value chains.”

“The UK financial sector is also very well-placed to support manufacturers – both in terms of capital investment, as well as financial innovation such as Blockchain.”

Full story: The Manufacturer.