May 20, 2021 | Artificial Intelligence, Feature, Industry 4.0, Robotics
Nikhil Kaitwade, Sr. Research Manager, Future Market Insights
Despite recessionary downswings induced by the novel coronavirus pandemic on the global manufacturing sector, analysts are hopeful of a fast paced post-pandemic recovery. According to the National Association of Manufacturers’ (NAM) first quarter outlook for 2021, 87.6% of manufacturers felt either somewhat or highly positive about their prospects, with increases expected in sales, production growth rate and employment.
Lean manufacturing has yielded many positive results in the past. A case in point is that of Falcon Fastening Solutions Inc., a cost-reduction specialist for OEMs which utilize production components in high volume, which reported cost savings exceeding 19% in 2018 amongst manufacturers using its services. More recently, in March 2021, Lavorro Inc. has selected PDF Solutions’ Cimetrix Sapience® platform to support the collection of manufacturing equipment data from the factory floor, used to drive Lavorro’s smart-bot Lucy®.
To read the full article, click here