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The Rising Usage of Power Generators in Military Applications is Driving the Global Market Forward

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The Rising Usage of Power Generators in Military Applications is Driving the Global Market Forward

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Power Generator for Military Market Outlook (2023 to 2033)

The global power generator for military market size is predicted to reach US$ 1,127.1 million in 2023 and further expand at 3.6% CAGR. Total military power generator sales are set to rise at a steady CAGR between 2023 and 2033, totaling a valuation of US$ 1,605.3 million by 2033.

By 2033, the top five companies are projected to hold a significant share of the military power generator industry. Based on the capacity, up to 60 KW generators are set to create lucrative growth opportunities in the global market. This is due to their portability size and instant power generation ability.

During the projection period, the global market for military power generators is predicted to increase by 1.45x times its present level.

In 2023, the global market for military power generators is expected to account for about 3% to 6% of the worldwide generator sales market. FMI estimates the global generator sales market to reach US$ 32.2 billion in 2023.

In recent years, power generators have become essential equipment across the thriving defense and military industry due to their numerous applications. These power generators have become ideal backup power systems at military bases and other critical locations. This is due to their ability to provide a reliable power supply during a grid outage.

The increasing need for uninterrupted and reliable power sources for successful military operations is acting as a catalyst triggering the development of power generators for military industry.

Increasing spending on military and defense coupled with surging demand for advanced power generation solutions that can provide continuous and constant power supply is expected to boost military power generator sales.

Robust development of military bases in nations such as the United States, China, Russia, and Germany is expected to drive up demand for power generators for the military.

In the field, where it’s difficult to transport a bulky generator to areas such as hills and water boundaries, armed forces rely on lightweight, portable generators. Hence, the growing popularity of mobile and portable generators in military applications is expected to create lucrative growth opportunities for military power generator manufacturers.

Advancements in military generators and the development of compact tactical power generators are projected to boost military power generator sales through 2033. Subsequently, shifting preference towards eco-friendly power generators is expected to bode well for the market.

Currently, diesel generators remain the top-selling category. However, with tightening environmental laws due to increasing air pollution levels, demand for natural gas generators is expected to rise at a high pace during the projection period.

Increasing usage of thermoelectric generators for specific military applications due to their compact & lightweight construction and quiet operation is expected to further boost the market.

Leading military power generator manufacturers are focusing on developing innovative power generators with better efficiency, low carbon footprint, and reduced size. They are getting new assignments and projects from several military organizations for developing customized solutions. For instance, in order to manufacture the X-Engine platform for powering small tactical generators ranging from 2-5kW, LiquidPiston, Inc. was awarded Small Business Innovation Research contract by the United States Army.

2018 to 2022 Power Generator for Military Sales Outlook Compared to Demand Forecast from 2023 to 2033

Global sales of power generators for the military grew at a CAGR of 1.9% during the historical period from 2018 to 2022. However, according to Future Market Insights, global power generator for military demand is set to rise at a steady CAGR of 3.6% between 2023 and 2033.

The demand for distributed energy is increasing notably in the military sector. This trend is projected to continue over the coming years in tactical military communications, battlefields, locations, bases, field hospitals, and command systems. As a result, power generator sales in the military sector are set to rise at a significant pace.

Similarly, government spending on military and defense coupled with high demand for reliable power generation sources is projected to bolster military power generator demand.

Several military agencies worldwide are focusing on establishing integrated power systems such as microgrids to accommodate advanced power generators. This is creating a high demand for hybrid generators as they enable users to reduce expenses and carbon footprint.

Geographic Forecasts

North America to Remain a Significantly Lucrative Market for Military Power Generator Manufacturers

According to Future Market Insight, North America held around 36.6% share of the power generator for military industry in 2022. It is expected to retain its dominance throughout the projection period.

The robust expansion of the military & defense sector and the rising need for continuous power supply for military applications are key factors driving North America power generators for military market.

North America has become one of the most promising markets for mobile and portable power generators. Military power generators continue to be an area of investment for regional governments.

The heavy presence of leading power generator companies and the growing popularity of environmentally friendly generators and hybrid generators are expected to boost the North American market.

East Asia power generator for military market is poised to exhibit significant growth over the next ten years. Increasing government spending on advanced military equipment and easy availability of technologically advanced power generators at low prices are a few of the factors driving the East Asia market.

Burgeoning Spending on Defense and Military Fueling Military-grade Generator Sales in the United States

According to Future Market Insights, the United States power generator for the military market is forecasted to exhibit a steady growth rate during the forecast period. It is expected to hold around 34.5% share of the global market by 2033.

The rapid expansion of the military & defense sector and the high demand for reliable power-generating resources in military applications are key factors propelling power generators for military sales in the United States.

Similarly, escalating defense spending and the presence of leading power generator manufacturers are expected to boost the United States power generator for the military industry during the projection period.

Since its independence, the United States government has been rigorously spending to strengthen and expand its military and defense sector. However, with recent global developments and rising national security concerns, this spending has skyrocketed. For instance, the United States defense budget and military spending reached US$ 801 billion in 2021, according to the EXECUTIVEGOV. A significant portion of the military budget is spent on equipment required for combat operations.

As a result of the increased defense expenditure, military power generator sales in the country are estimated to rise at a significant pace over the next ten years (2023 to 2033). By the end of 2033, the United States is predicted to hold a massive share of North American power generators for the military market.

Competitive Dashboard: A Closer Look at the Marketspace

To meet the rising demand from the military and defense industry, power generator manufacturers are developing efficient and cost-effective power production technologies. They are putting efforts into producing hybrid generators to increase sales.

Recent Developments:

HIMOINSA: In October 2022, the company revealed its entire range of diesel generator sets at Bauma 2022.

Kohler Co.: In November 2022, the company completed the extension of its prevailing North American generator manufacturing unit in Mosel, Wisconsin. This project commenced in March 2021 and includes a customer experience centre of 10,000 sq. ft. and a testing, production, and warehousing space of 155,000 sq. ft. The company continues to observe the demand for its integrated power systems and KD Series large diesel industrial generators.

Rolls-Royce Holding plc: In July 2021, the company developed a high-functioning hybrid-electric propulsion system to be used in aerospace.

Cummins Inc.: In August 2022, Cummins Inc. completed the acquisition of Meritor, Inc. Earlier in March 2019, the company launched the HSK78G series of natural gas generators. Each model in this series features efficient gas technology innovations.

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Archives, Global Logistics, Global Trade Daily, Ocean Ports

New Components and Requirements for Port Projects in 2023 are Obvious

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The time has come to stop thinking about port projects in the same way we once did. Everything has changed and with an abundance of funding, port projects in 2023 will include many new components.

Over the last several years, shifting economic and environmental conditions have significantly impacted ports. New challenges along with new funding criteria have forced port officials to focus intently and invest heavily in projects that deliver resilience, sustainability, and accessibility in port infrastructure.

New types of projects can be observed as federal funding is awarded for upcoming projects at U.S. ports. The USDOT’s Maritime Administration recently allocated $703 million for 41 port projects in 23 states that all contain components related to reducing carbon emissions and promoting renewable energy. A combined $100 million was also recently awarded to initiatives in a relatively new area of investment — offshore wind production. This new vein of federal investment results from the country’s 2030 goal to deliver 30 gigawatts of offshore wind energy. That goal, when reached, will provide enough to power 10 million homes with renewable energy.

State governments are also promoting new types of port projects through new funding criteria. Infrastructure funding from all sources is beginning to carry many of the same requirements.

On Dec. 20, the Massachusetts governor announced $75 million in state funding for offshore wind projects at the Port of New Bedford. As a global hub for commercial fishing, the port already has a robust, fully developed supply chain in place so the upcoming projects will support site redevelopment, terminal expansion, and logistical improvement projects to accommodate offshore wind. New England’s largest offshore wind project will help generate and deliver enough clean energy to power approximately 750,000 homes.

California is also reshaping its port infrastructure to accommodate offshore wind production. In mid-December, officials approved a new state plan for battling climate change which encourages development of offshore wind power at port sites.

Offshore wind developments were announced in New Jersey last month. The New Jersey Economic Development Authority has reached a lease agreement with the second of two private companies for a wind port. The leases highlight a major tenet of the state’s commitment to reconfiguring port infrastructure for sustainability. The goal of these first two initiatives is to yield enough clean energy to power more than 700,000 homes. To confirm the future direction, six leases to operate wind ports in New Jersey and New York were auctioned off to private sector partners for a combined $4.37 billion.

Perhaps bolstered by private sector enthusiasm, the state of New York has adopted an extremely ambitious iteration of new port plans. State officials will invest in developing nine gigawatts of offshore wind energy – enough to generate enough clean energy to power millions of homes in the future.

A $48 million wind terminal project has been announced for Staten Island in 2023. Federal funding has been secured and construction will launch late in 2023. The project will require dredging of 740,000 cubic yards and the deepening of a ship basin that will adjoin an offshore wind staging and assembly facility.

Five counties within the Chesapeake Bay area of Maryland will launch a feasibility study related to a planned regional passenger ferry service. Funding from the tourism bureau will support the consortium and the initiative. The feasibility study will identify sites for eventual construction of ferry terminals throughout the region and recommendations will be used to scope both the timeline and budget for the project.

A $1.8 billion project in Louisiana is slated for launch in 2025. The Port of New Orleans will build a new port container facility designed to support the growth of advanced manufacturing, agribusiness and energy sectors. The new container terminal will be located on a 1,200-acre parcel in St. Bernard Parish and the objective will be to create a logistical nerve center for port operations which will expand access to global markets. Components of the project will include stormwater drainage and natural buffers between the port and nearby residential communities.

A Grays Harbor Terminal 4 expansion and redevelopment project in Washington will carry a $47 million price tag. Currently in preconstruction phase, the project will be designed to facilitate flow of cargo through an international shipping complex. Several construction components will improve the port’s operational efficiencies, with particular emphasis on the process of exporting regional agricultural products. A second agricultural ship loader will also be required.

In California, the Port of Long Beach will launch a $200 million project designed to mitigate the risks of climate change. The project’s objective is to embed resilience and sustainability into future port operations. It will include construction of a new electric substation to power dredging equipment to reduce carbon emissions otherwise tied to dredging. Port officials may also begin reusing dredged sediment for building leasable terminal space which could offset future port expenditures.

Earlier this month, USDOT’s Maritime Administration issued a notice of funding opportunity. In 2023, another $662 million in grant funding will be available for U.S. port projects that are designed for long-term value. From planning document scrutiny, it appears that funding from all sources will continue to support the basic tenants of the projects described in this column. This new vision for future port infrastructure projects is worthy of note.

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Archives, Global Trade Daily, Market insight

Elevators Market is Anticipated to Increase Rapidly at a CAGR of 11% through 2033

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The elevators market is valued at US$ 95 billion in 2023 and is expected to reach US$ 270 billion by 2033-end. The market is forecasted to increase at a high-value CAGR of 11% from 2023 to 2033.

Global demand for elevators is being driven by an increase in smart elevator introductions. Smart elevators with IoT integration anticipate traffic and respond quickly.

Why are Smart Elevators Expected to Exhibit High Demand?

Smart Elevators Gaining Traction Owing to Their High-end Security and Better Crowd Management

By destination control, the market is segmented into smart elevators and conventional elevators

Smart elevators account for 60% share of the global market.

Demand for connected and smart elevators is on the rise, as end-users show high enthusiasm to explore beyond conventional elevator technologies. The market is witnessing considerable interest in smart elevators that offer high-end security, enhanced energy efficiency, effective crowd management, and ultra-speed operation. This evolution of smart elevators can be attributed to the sheer proliferation of artificial intelligence across a wide spectrum of applications.

Increasing need for cable-free lifts that move effortlessly across both vertical and horizontal lines is fueling the demand for smart elevators. Sensing end-user demand in this direction, manufacturers are focusing on the development of smart elevators with interactive touch panels, intuitive technologies, and cloud-predictive maintenance. End users are on the constant lookout for elevator solutions that are highly efficient, effective, and engaging, which is further boosting the demand for smart elevators.

Key Takeaways from Market Study

  • The global elevators market is valued at US$ 95 billion in 2023.
  • Worldwide demand for elevators is set to reach US$ 270 billion by 2033.
  • Sales of elevators are anticipated to increase rapidly at a CAGR of 11% through 2033.
  • Currently, Asia Pacific accounts for 50% share of the global market for elevators.
  • Smart elevators market account for 60% share of the global market
  • Asia Pacific accounts for 50% share of the global market

Competitive Landscape

Major businesses are using the approach of acquiring small regional businesses to improve their service offerings and expand their domestic presence. Leading companies are also concentrating on IoT integration since it enables greater data collection, sharing, and analysis by manufacturers and product operators.

For instance :

  • Mitsubishi Electric will increase its footprint in Florida by establishing a new location in Miami.
  • Otis Elevator Corporation expanded its popular Gen2 series of elevators by launching the Gen2 Elevator for the global high-rise market.
  • In 2021, Schindler and CitizenM hotels entered into a partnership arrangement to maintain and update the escalators and elevators in all of the group’s current properties.
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Archives, Global Logistics, Global Trade Daily, News

Industry Bodies Unite in Producing Guidelines for Safe Transport of Lithium-ion Batteries in Containers

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First in a series of in-depth advisory publications aimed at minimizing the risks of transporting lithium-ion batteries and cells launched amid heightened concern over container fires

The Lithium-ion Batteries in Containers Guidelines seek to prevent the increasing risks that the transport of lithium-ion batteries by sea creates, providing suggestions for identifying such risks and thereby helping to ensure a safer supply chain in the future.  Together with its partners, the Cargo Incident Notification System Network (CINS) has compiled a comprehensive publication covering the properties of these batteries and their potential to explode, initiate fires and emit toxic gases. 

Extensive measures to safely transport what is an exponentially increasing volume of lithium-ion batteries, in their various states or charge and when also contained in electronic devices are fully examined including, classification and regulation, container packing, landside storage, stowage onboard ships, incident detection and fire suppression, and loss prevention and risk mitigation.

Intended as the first of an on-going series of publications to be updated as circumstances require this first, Lithium-ion Batteries in Containers Guidelines (101.A) provides a general overview, and will be followed by three further documents – regulatory compliance check-lists, risk assessment and emergency response, and training and educational awareness. Stakeholders in the supply chain are encouraged to implement the advice according to their specific operations and requirements but to always keep safety of life as their primary consideration. 

The document can be reviewed in full HERE

 

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Archives, Global Logistics, Global Trade Daily, Software, Technology

How to Choose the Right Procurement Software for Your Business

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Quality procurement software is essential for running an efficient operation. Your business’s purchasing process could be made incredibly simple if you select the correct software type. Whether you’re seeking an improvement in supplier management, increased visibility into spending, or just simple cost reduction, procurement software can answer all of these problems and more.

The trouble comes down to ensuring that the software that you choose is the best for your business. Let’s go through a brief framework for selecting the right procurement software for your needs.

Understanding Your Unique Business Needs

The first step in choosing the right software lies in a thorough analysis of your existing procurement processes. Ask yourself questions about who is involved, what kind of tasks need to be performed, and what systems you currently use.

It’s also beneficial to define a list of solid pain points that you can spot in your current process. This can be several factors, including:

  • Time-consuming manual labor
  • Lack of spending insight
  • Difficulty managing supplier relationships

When you’ve deciphered these pain points, the next step is to evaluate what goals and objectives you have for your business, both short-term and long-term, for growth, cost reduction, and supplier management.

Finally, consider what kind of financial state your business is in. What budget do you potentially have for selecting this procurement software? There are many factors to consider when determining this number: upfront costs, ongoing maintenance, and potential savings, to name a few.

Key Features to Hunt For

There are many procurement software out there, and each has its own unique array of features and benefits. If you want to get the most bang for your buck, seek out software that is all-encompassing and features order management, supplier management, contact management, and e-sourcing. Match your business needs with these software features and see what makes the most sense to invest in.

An important feature to consider, particularly for start-ups or small businesses, is scalability and flexibility in software. A reason why someone might want to use ProcureDesk instead of software like ProcurementExpress.com, for example, is because it is better equipped to accommodate changes in your business over a long period of time. If your business is well-established and doesn’t expect much future growth, though, you may not consider this factor.

Vendor Evaluation and Selection

When selecting your procurement software, it is important to first spend some time shopping around. Don’t jump onto the first option you see. Take the time to research and shortlist potential vendors based on their compatibility with your business. While everyone has their own set of criteria for a quality vendor, things like reputation, functionality, support, and pricing are all fairly universally considered.

A good way to see not only if a system works for you but also if a vendor is respectful and trustworthy is by requesting demos and trials of the software you’ve narrowed down to. More often than not, the vendor will allow this, and you can see firsthand whether or not the software is a good match for you and your business.

The Importance of Implementation

Once you finally have selected a procurement system for your business, one that you feel fulfills all of your business needs and is vendored by someone respectable, the next thing to consider is how you plan to implement this software. Implementation is an incredibly important, sometimes overlooked, step in successful software adoption.

A few things that are typically done when new software is being implemented are setting up a knowledgeable project team, setting a hard timeline for the implementation, and ensuring that the software has been fully tested and checked for potential errors before go-live occurs.

To take additional measures, provide user training to ensure that employees use the software effectively and maximize its benefits. In the months following implementation, be sure to provide ongoing support, whether that be through the form or technical support, or training updates. When these steps are utilized, continual success is nearly guaranteed.

Build The Best Business You Can

Though finding and using procurement software is a process that has quite a few initial moving parts and complex considerations, it is something that will be incredibly worthwhile in the long run for the efficiency of your business. The amount you’ll save in reduced costs and spending visibility will make this software pay for itself tenfold. Just be sure to conduct the proper research and take the time to slowly implement the change. Then, sit back and watch as your procurement processes improve exponentially!

Archives, Global Trade Daily, Market insight, Technology

Global Industrial Robotics Market Soars to Unprecedented Heights

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Projected to Surpass US$ 150 Billion Valuation by 2031 | More than 680 thousand Units Industrial robots Installed in 2022

The global industrial robotics market is expected to experience strong growth in the coming years, driven by increasing demand for automation, improvements in robotic technology, and the need to improve supply chain efficiency. The material handling segment is expected to be a key contributor to this growth, with the market projected to surpass US$150 billion by 2031. As e-commerce continues to grow, the demand for material handling robots is expected to increase, making it a critical area of focus for industrial robotics companies.

Global industrial robotics market generated revenue of US$ 18.2 billion in 2022 and is anticipated to reach the valuation of US$ 151.4 billion by 2031 at a CAGR of 27.2% over the course of forecast period, 2023–2031.

Industrial robots are playing an increasingly important role in a wide range of industries, from manufacturing and logistics to healthcare and the public sector. In its latest report on the market for industrial robots, Astute Analytica found that the global installed base of industrial robots will grew from 391.5 thousand units in 2019 to 690.9 thousand units by 2022. The analysis shows that the electronics/electrical equipment industry will continue to be the largest user of industrial robots, with an installed base of 177.2 thousand units by 2022. This is followed by the automotive and chemicals/pharmaceuticals industries, which are expected to have an installed base of 157.2 thousand units and 28.7 thousand units, respectively in 2022.

The Asia-Pacific region is expected to be the biggest market for industrial robots, with an installed base of 504.8 million units in 2022. This is followed by Europe (97.1 million units) and North America (55.0 million units).

The research indicates that there is a growing trend towards more technologically advanced industries such as automotive and electronics, leading to an increased demand for industrial robots that can handle complex tasks. Additionally, there is an increasing popularity of collaborative robots designed to work safely alongside humans in industries like healthcare, retail, and logistics in the global industrial robotics market. Developing countries are also emerging as growth markets for industrial robots, as multinational companies set up manufacturing facilities, driving demand for robotic technologies. Astute Analytica forecasts that the prices of industrial robots will continue to decline as they become more widely adopted, as seen in the 20% price reduction between 2016 and 2021.

Over 680 thousand Units Industrial Robots Installed in 2022 in Global Industrial Robotics Market

According to the World Robotics report, industrial robot installations reached a record high of 680 thousand Units in 2022, at a CAGR of 38.9% from 2023-2031. Worldwide annual robot installations between 2015 and 2021 more than doubled. Asia remained the largest market for industrial robots, with China leading the pack by deploying 268,195 units, an increase of 51%.

Japan remained the second largest market with 47,182 units installed, followed by the US and Republic of Korea. Europe saw a 24% increase in installations, with Germany, Italy, and France being the top markets. In the Americas, robot installations increased by 31%, with the US leading the way with 34,987 units installed. The automotive industry remained the top adopter, but other industries such as metal and machinery, plastic and chemical products, and food and beverage saw significant increases in robot demand.

Material Handling Robots Poised to Dominate Global Industrial Robotics Market, Projected to Contribute Over 50% of Total Revenue by 2031

Material handling robots are expected to generate more than 50% of revenue in the global industrial robotics market by 2031. Material handling robots are used to move and transport materials in factories, warehouses, and distribution centers, and their increasing popularity is driven by the growing demand for automation and the need to improve efficiency in supply chain management. The adoption of material handling robots is also supported by advancements in technology, such as the development of collaborative robots that can work safely alongside humans and the integration of artificial intelligence and machine learning algorithms that enable robots to perform more complex tasks.

With the continued growth of e-commerce and the increasing demand for faster and more accurate order fulfillment, the industrial robotics market for material handling robots is expected to experience significant growth in the coming years, making it a key area of focus for industrial robotics companies.

According to the US Bureau of Labor Statistics, the employment of material handling workers is projected to grow 4% from 2019 to 2029, with an increasing demand for faster and more efficient warehouse and distribution center operations. The growing demand for automation is also driving the adoption of material handling robots. In addition, the International Federation of Robotics (IFR) reports that the sales of material handling robots increased by 6% in 2020, reaching a total of 100,000 units sold worldwide. The IFR also projects that the market for material handling robots will continue to grow in the coming years, with sales expected to reach 238,000 units by 2025.

Competitive Landscape: Top 10 Players to Hold More than 36% Revenue Share | Strong Inflow of Investment is Coming in the Industrial robotics market  

The market is highly competitive, with vendors offering a wide range of products and services. However, competition is intensifying, as new entrants are entering the market and established players are expanding their offerings. However, this can make it difficult for established robotic companies to keep up with the latest trends and technologies. Astute Analytica’s analysis of the competitive landscape shows that the leading vendors are ABB Limited, Fanuc Corporation, Mitsubishi Electric Corporation and Yaskawa Electric Corporation among others.

Top 10 players in the market held over 36% revenue share as they offer a comprehensive range of products and services. The report also provides an overview of the major trends affecting the industrial robots industry. These include the increasing adoption of collaborative robots, the growing demand for cloud-based solutions, and the rising popularity of artificial intelligence (AI) and machine learning technologies. In order to sustain the intensifying industrial robotics market, market players adopting various growth strategies.

  • Boston Dynamics was acquired by Hyundai Motor Group for $1.1 billion in June 2021,
  • Embark Trucks: While not strictly an industrial robot, Embark Trucks is developing autonomous trucking technology that uses robotics and AI to improve safety and efficiency in the logistics industry. It raised $75 million in a funding round led by Tiger Global Management in June 2021.
  • Locus Robotics: The startup provides autonomous mobile robots for warehouse fulfillment. It raised $150 million in a funding round led by Tiger Global Management in September 2021.
  • Righthand Robotics raised $23 million in a funding round led by Menlo Ventures in 2020.
  • GreyOrange: This startup provides AI-powered robots for warehouse automation. It raised $140 million in funding in 2019 from investors including Mithril Capital and Blume Ventures.
  • Sarcos Robotics: This startup develops exoskeletons and other robotics systems for industrial and military applications in the global industrial robotics market. It raised $40 million in a funding round led by Rotor Capital in October 2020.
  • Berkshire Grey: The startup provides intelligent robotic systems for order fulfillment and supply chain optimization. It raised $263 million in a SPAC merger with Revolution Acceleration Acquisition Corp in Jan 2020.

Some of the Top Market Players Are:

  • ABB Limited
  • DAIHEN Corporation
  • Denso Corporation
  • Epson America Incorporated
  • Fanuc Corporation
  • Kawasaki Heavy Industries Limited
  • Kobe Steel, Limited
  • Kuka AG
  • Mitsubishi Electric Corporation
  • Yaskawa Electric Corporation
  • Other Prominent Players
IA SUN labor Automation Group Highlights Innovative Corrugated Converting Solutions at CCE International beckhoff
Archives, Global Trade Daily, Technology, United states news

Beckhoff USA Posts $134 M Revenue in 2022, Continues Relentless Growth Trajectory

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The trailblazer in New Automation Technology boosted sales by 33.4% in the U.S. while increasing market share, adding talent and expanding office footprint

Beckhoff Automation LLC generated impressive results in 2022, growing revenue to $134 million in the U.S., a remarkable increase of 33.4% over the previous year. Beckhoff’s strategic growth goes beyond the impressive sales figures – it crossed over into company footprint expansions and growing the U.S. team to 218 employees. President Kevin Barker attributes the successes to the growing awareness of PC-based automation benefits among technology leaders and continued digital transformation efforts at Beckhoff USA.

Beckhoff has already helped transform many of its customers’ businesses by implementing adaptive automation technologies in the field. Numerous adaptive manufacturing applications featuring the XPlanar “flying motion” system and the eXtended Transport System (XTS) took shape throughout the U.S. in 2022. The announcement of emerging technologies like the MX-System for cabinetless machine design and the new modular robot ATRO confirms Beckhoff’s relentless commitment to innovation and delivering cutting-edge automation technology.

Beckhoff USA continues the charge to deliver exceptional customer experiences by focusing on a strategic digital transformation. The company has invested in new business software and systems to enhance all areas, from sales and marketing to operations and customer support. Installation of a new automated storage and retrieval system (AS/RS), which began in late 2022, will further shorten lead and shipping times upon completion in mid-2023. Beckhoff achieved a 50% increase in local inventory in 2022 to buffer global supply chain challenges and is working to add another 50% increase in 2023.

To support this growth, Beckhoff USA expanded its executive team. In the sales organization, Beckhoff promoted Jake Schieffer to Vice President of Sales, Steve Boelte to Regional Director – Central, Don Shanklin to Regional Director – Sales and Process Improvement, and David Emory to Director of Strategic Sales, overseeing strategic industry efforts and the Beckhoff Integrator Group in the U.S. Heading up the technical team, Beckhoff tapped Daymon Thompson as Director of Product Management, Matt Lecheler as Director of Application Engineering, and new hire Kevin Manton as Director of Engineering.

Dedicated to mentoring and empowering young engineers, Beckhoff USA expanded its internship offering and doubled the program in 2022. After the program, Beckhoff hired 66% of the interns. This trend will continue as the company again doubles the number of interns in the program for 2023. The Associate Application Consultant position is another exciting opportunity launching at Beckhoff USA this year. As a part of this new program, recently graduated engineers will learn on the job and take on challenges in multiple departments at the automation leader’s offices across the U.S.

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Archives, Global Trade Daily, Market insight

Digital Commerce Platform Market Expanding at an Impressive CAGR of 12.6% between 2022-2029

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The digital commerce platform market is bound to display phenomenal growth with a CAGR of 12.6% at a global level and is estimated to surge from a valuation of US$ 3.41 Bn in 2022 to US$ 7.85 Bn by 2029.

In 2021, digital commerce platforms accounted for a 35% share of the global e-commerce market. According to the Future Market Analysis, the surge in the adoption of intelligent virtual store design solutions for seamless business encourages companies to implement online commerce platforms. The global digital commerce platform market has grown drastically, owing to increased customer digital literacy.

As per FMI analytical studies, the variation between the BPS values observed in the digital commerce platform market in H1, 2022 – Outlook over H1, 2022 Projected reflects a spike of 40 units. Moreover, compared to H1, 2021, the market is expected to propel by 27 BPS in H1 -2022. Businesses are effectively leveraging cloud-based and on-premises digital commerce solutions to sustain their businesses as the COVID-19 pandemic intensifies.

Key Takeaways

  • Over the last few years, digital commerce platforms have proven to have a positive impact resulting in acquiring a large customer basis, allowing service providers and retailers to increase sales and influence existing trends.
  • To streamline business processes, big data analytics has been widely used over the years. In the retail analytics market and e-Commerce market, data analytics applications are growing at an exponential rate due to ascertaining profits, losses, and purchases, and attracting a large number of customers based on their purchasing behavior.
  • The global digital commerce platform market has witnessed opulent growth, attributed to widening digital literacy among customers across the globe. With the spectacular surge in digitalization, demand for virtual platforms for easy business conduct is driving companies to encourage online commerce platforms.
  • The Covid pandemic intensified the use of digital commerce platforms at an exponential rate as businesses are effectively leveraging on-premises and cloud-based digital commerce solutions to sustain their businesses. Moreover, growth is likely to perpetuate even in the post-pandemic scenario.
  • A major application is in designing recommendation engines. Digital commerce platforms have proven highly useful in garnering massive customer bases, thus helping retailers and service providers expand their sales and dictate existing trends.
  • The historical period of 2014 to 2021 witnessed impressive growth in the digital commerce platform market with a surging CAGR of 12.2%. The market is anticipated to rise at a CAGR of 12.6% from 2022 to 2029.

Competitive Landscape

Shopify Inc., SAP SE, Oracle Corporation, Magento Commerce, Salesforce.com Inc., Big Commerce, WooCommerce, Sitecore, Kentico Software, and Unilog Content Solutions Pvt Ltd. are some of the key companies profiled in the full version of the report.

Business entities are leveraging digital commerce platforms to further virtual learning programs to better equip employees for future uncertainties. As the global virtual space expands, business entities are scrambling to incorporate the most advanced digital commerce software within their scope of operations. Compelling solution providers to constantly launch new products equipped with contemporary advancements.

More Insights into the Digital Commerce Platform Market

North America is anticipated to dominate the global digital commerce platform market, owing to the deep internet penetration and access to smart devices. As per estimations, around 70% of households have multiple streaming subscription services in the U.S.

The surge in demand for software maintenance, generation of green spaces for key vendors, and implementation services are on the rise in the U.S. A large existing base of digital media users and growing usage of smartphones is fueling the growth of the market in the U.S.

The East Asia digital commerce platform market is expected to portray to highlight lucrative growth opportunities in the digital commerce platform market. China comprises the world’s largest manufacturing hub with over 600 million internet users. Hence bolstering growth in the market.

Rise in shifting consumer preferences due to the increased use of digital commerce platforms by the urban population, the digital commerce platform market in China is growing at a rapid pace.

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Archives, Global Logistics, Global Trade Daily, Technology, Trucking

Self-Healing Trucks and 3 Other Innovations Set to Change Supply Chain Operations

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Global supply chains have struggled with labor shortages, material deficiencies, lack of transparency, safety hazards and many other challenges in the last few years. Modern problems require modern solutions. 

Self-healing commercial trucks and these three additional innovations could revolutionize operations and get the economy back on track.

The Science Behind Self-Healing Trucks

Self-healing materials traditionally consisted of small single-use capsules with healing agents inside, but new technology has emerged that can repair itself multiple times. It works through 3D vascular networks like a plant’s root system, sending the healing agent throughout the network to continuously repair damage.

Despite this recent advancement, it has proven difficult to create metals with self-healing properties due to their unique chemical composition. That’s why engineers are focusing all their efforts on polymer research. Self-healing polymers make it possible to create vehicles that can repair scratches, dents and other minor forms of damage.

Recent research on polymers has yielded promising results. They can heal rapidly and regain their previous properties, allowing vehicles to look and perform the same after being damaged. A unique intrinsic polymer can also repair itself automatically without any external influence.

Along with polymers, elastomer composites have also made self-healing cars possible. Elastomers consist of self-healing liquid metals that have proven effective in repairing small electronics. Engineers are working on applying elastomers to the two primary vehicle metals, steel and aluminum.

Self-Healing Truck Applications

These developments are encouraging, but supply chains have yet to see any self-healing truck applications on a wide scale. However, other industries can provide a glimpse of what these vehicles could do. For example, researchers are looking into self-healing polymer coatings for space and deep sea exploration, which are more dangerous environments.

If self-healing coatings can work in such extreme settings, it stands to reason they would be successful in commercial applications. Some have specific roles, such as corrosion protection or scratch resistance. Auto manufacturers could also incorporate these coatings into the existing polyamide compounds in engine covers, air bag containers and many other car parts.

Two other potential applications could be revolutionary: paint and rubber. Fixing paint scratches and blemishes can be expensive and time-consuming, costing up to $3,500 for professional repairs. Adding a self-healing polymer to the paint can help it withstand those scratches and blemishes, minimizing downtime and keeping fleet trucks on the road.

In 2017, researchers at Harvard University developed a self-healing rubber compound by combining covalent and reversible bonds. The result was a strong, flexible and transparent molecular rope that could repair itself and remain in good condition by evenly distributing damage.

Rubber tires typically crack or puncture because too much stress has built up at one small point. Spreading out the pressure makes the rubber much less likely to break under extreme stress. Adding self-healing rubber to commercial vehicles would reduce flats, accidents and delays.

Self-healing roads could be another application with a huge impact on supply chains and society. There is already an official patent for self-healing concrete that uses bacteria-induced calcite precipitation to fill cracks and prevent potholes. 

Other Innovative Supply Chain Technologies

Self-healing vehicles have great potential and get most of the spotlight because of their interesting applications, but other technologies could be equally important in the coming years. Here are three more innovations making waves.

Electronic Control Units

ECUs are a collection of small computers and sensors that can transfer information anywhere worldwide. Along with self-healing technology, they can help commercial vehicles become more independent and efficient. Fleet trucks have seen a major increase in ECUs in the last two decades, bringing people many small steps closer to autonomous vehicles.

As fleets implement more ECUs, each essential vehicle function will be under constant automated supervision. Remote diagnostics will get smarter, and so will the trucks. Once supply chain leaders master ECU technology, the next step toward autonomous cars will be to install multiple parts that can perform the same task when the original is damaged.

As of 2023, the highest level of vehicle automation that manufacturers have reached is Level 4 – high driving automation. Driverless taxis, automated public transportation and other commercial vehicles with limited applications fall under this category. They don’t need a human driver and can stop themselves if a system failure occurs. However, this technology is still in its infancy and is not ready for widespread adoption across the supply chain.

Self-healing technology and ECUs can work hand in hand to keep commercial vehicles on the road despite minor setbacks. Although completely autonomous cars might still be far away, these two advancements are big steps in the right direction.

Geospatial Technology

With material shortages and delivery delays plaguing the global supply chain, close monitoring has never been more important. Geospatial monitoring with GIS and GPS systems enables fleet managers to constantly supervise each vehicle, identify disruptions and mitigate them before they cause delays.

GPS also simplifies supply chains by helping managers identify the optimal drop-off and pickup locations, leading to quicker deliveries and lower shipping costs. Businesses can easily map their entire supply chains and find the best suppliers with the fastest routes. They can even monitor changing traffic patterns and other potential causes for delays.

Geospatial technology also plays a role in inventory management. Warehouse managers can see which units are ready for delivery and which vehicles would make the fastest delivery time. Remote geospatial sensors can also use their insights to predict buying surges and other supply chain trends, helping managers stay ahead of the curve.

Blockchain

Blockchain technology consists of decentralized, immutable digital ledgers that ensure complete transparency during online transactions. Nobody can change blockchain records once they are finalized. This technology started as a platform for cryptocurrency exchanges but can play the same role and improve visibility along supply chains. 

Blockchain records are ideal for establishing trust, traceability and continuity in supply chain management. During the height of the pandemic, hospitals in Britain used blockchain to secure vaccine shipments when people needed them most. This technology can bring the same value to other industries and products as it expands.

Strengthening Supply Chains One Innovation at a Time

The aftershock of COVID-19 is still apparent throughout the supply chain. Industry leaders face an uphill battle but can slowly strengthen it one innovation at a time. Self-healing trucks, ECUs, geospatial technology and blockchain are four such innovations. Look for them to play more important roles in the coming years.

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Archives, Global Trade Daily, United States news

On National Beer Day, New Data Show Tariffs on Aluminum Have Cost the U.S. Beverage Industry Nearly $1.9 Billion

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New data reveal that aluminum tariffs continue to drive up costs for American businesses and are a tax on hardworking American families. In the five years since Section 232 tariffs on aluminum were imposed, the American beverage industry has paid more than $1.893 billion in taxes.

There are more than 6,600 breweries in the United States, supporting more than two million American jobs and contributing more than $331 billion to the U.S. economy. Brewers and beverage producers pay a higher price for aluminum because rolling mills and smelters include tariffs in their prices — regardless of whether the metal is subject to Section 232 tariffs. Paying a tariff-laden price on all aluminum drives up costs for producers and makes consumer goods more expensive.

The research conducted by HARBOR Aluminum on behalf of the Beer Institute found that the U.S. beverage industry paid $1.893 billion in Section 232 tariffs on 9.042 million metric tons of aluminum since their implementation. Of that amount, only $126 million (7 percent) went to the U.S. Treasury. HARBOR Aluminum estimates U.S. rolling mills, U.S. smelters and Canadian smelters received $1.767 billion (93 percent) of the total by charging end-users – such as U.S. brewers – a tariff-burdened price regardless of whether the metal was meant to be tariffed based on its content or origin.

Last July, the CEOs of America’s biggest brewers sent a letter to President Biden calling on him to repeal Section 232 tariffs on aluminum. They said, “tariffs reverberate throughout the supply chain, raising production costs for aluminum end-users and ultimately impacting consumer prices.”

Imported primary aluminum and cansheet are critical to the U.S. beer industry as more than 74 percent of all beer produced in the United States is packaged in aluminum cans and bottles. In 2020, brewers bought more than 41 billion aluminum cans and bottles, making aluminum the single most significant input cost in American beer manufacturing.

The Beer Institute is a national trade association for the American brewing industry, representing brewers, beer importers and industry suppliers—an industry that supports more than 2 million jobs and provides more than $331 billion to the American economy. First founded in 1862 as the U.S. Brewers Association, the Beer Institute is committed today to developing sound public policy and to the values of civic duty and personal responsibility.