Posted By Paul Tate, June 28, 2016
When the world woke up last Friday morning, news that the U.K. had voted to leave the European Union after more than 40 years sent shock waves through the world’s political elite, global currency and stock markets, and company boardrooms.
Over the last few days the U.K. currency has gone into free fall, at one point hitting a 30-year low against the dollar; stock markets have trembled, not only in London but across Europe, the U.S., and Asia; British Prime Minister David Cameron, who had campaigned to remain in the EU, has resigned; major banking institutions like HSBC have announced potential plans to move thousands of staff out of the U.K. to European locations; Standard & Poor's and Fitch both downgraded their U.K. credit ratings; Moody’s has dropped its outlook on U.K. debt to negative; and warnings of protracted economic doom have hit the world’s headlines.
As a result, the future for the U.K. economy, and the rest of Europe, now looks highly uncertain. What’s more, any sense of real ‘certainty’ is unlikely to return soon.
In an effort to provide some clarity in the midst of the confusion, here are 10 things that manufacturers should know about when trying to assess the future of manufacturing in the U.K., and some of the potential implications of BREXIT on their businesses. Read More →
The British vote to leave the European Union is a reaction to a perceived lack of sovereignty, frustration with the EU's ability to deal with various crises, immigration, and even globalization. At a societal level, it raises questions about the balance between the individual and the group. Read More →
The Obama Administration has announced the creation of a Smart Manufacturing Innovation Institute which, in cooperation with the U.S. Department of Energy, will focus on accelerating the development of smart sensors, data analytics, and advanced control systems for manufacturing. Read More →
When the top winners of the 12th annual Manufacturing Leadership Awards were unveiled at a gala celebration on June 8, one thing became quite clear: The digital transformation that the Manufacturing 4.0 era promises is much more than a theory or a metaphor. Manufacturing leaders across a wide range of markets—from automotive to high technology—are becoming more efficient, more agile, and delivering more customer value by embracing the convergence of physical and cyber systems. Read More →
Why are large manufacturers investing in digitizing their product innovation, supply chain, and production processes? Many would say they recognize the need to respond to rapidly-rising customer expectations by becoming more data-driven and more agile. Read More →
In the Manufacturing 4.0 era, navigating the cyber security waters ahead will not simple, and it must not be thought of as an IT problem, Anthony King, Chief Information Security Officer Director, IT Security Operations/Governance, Risk and Compliance at Raytheon Missile Systems, told attendees at the 12th annual Manufacturing Leadership Summit in Carlsbad, CA. Read More →
The journey to Manufacturing 4.0 is going to be a rocky road unless industrial companies and international bodies act swiftly to deliver useable interoperability standards that allow modular, plug-and-produce, integrated production lines to become a rapid reality. Read More →
As Manufacturing 4.0 takes place in their organizations, manufacturing leaders must get better and collaborating, communicating, making data-driven decisions, and even thinking of ways to use new digitally-enabled processes and business models to drive revenues, a panel of leadership experts said at today’s 12th annual Manufacturing Leadership Summit in Carlsbad, CA. Read More →
Since 1950, 88% of all Fortune 500 companies have disappeared, victims of competitive challenges that they did not anticipate or respond to. Today, the transition to Manufacturing 4.0 is likely to prove rewarding for some manufacturers and cataclysmic for others. As a result manufacturing leaders now more than ever must take care to build and properly guide their own “personal energy capacity” in order to drive new business model and organizational transformation, said Lowinn Kibbey, Global Head of Johnson & Johnson’s Human Performance Institute, speaking today at the 12th annual Manufacturing Leadership Summit in Carlsbad, CA. Read More →
Industry is about to experience more change, across more aspects of the business of manufacturing, and in a shorter time than perhaps any period of transition in the history of manufacturing. Read More →