Recent TRG blog posts

The APEJ region (Asia Pacific excluding Japan) is expected to spend US$125.4 billion on robotics in 2022, tripling the spending in 2017, with a compound annual growth rate (CAGR) of 25.7 per cent from 2018 through 2022. APEJ is currently the largest robotics market and poised to account for more than 62 per cent of the global robotics spending in 2022, according to the research firm IDC.

Innovation is a central component of the manufacturing industry. It can take many forms and address many functions. It can be a simple tactic for improving shop floor operations. It can be a concept for a new type of product or service. It can be a revolutionary approach that completely disrupts the way you do business.

For manufacturers, one of the top priorities is to maximise the machinery life cycle. As sudden machinery breakdowns can lead to downtime and expensive reparation. Consequently, manufacturing businesses have to look for a solution to reduce the maintenance cost and increase the equipment uptime and availability.

A digital twin is a virtual replica of a real (physical) object created by the data collected from sensors embedded in that object. The digital twin, therefore, provides a real-time digital representation of the object.

The development of the Industrial Machinery and Equipment Manufacturing industry is in the midst of being shaped by the emerging industry trends. Today’s manufacturers have to meet their customers’ expectation of providing unique capabilities, precise specifications and constant accuracy in their products. It's critical for industry professionals to work out a clear definition of what they are, how they will evolve, and how they can boost the company's operations both now and in the future. 

For a company located at a single site, the decision to upgrade or transition to a new financial management solution is relatively straightforward. Organisational systems and employees are all conveniently located under one roof, and the decision-making process is a linear journey.

Ishida, manufacturer of weighting, packing, and inspection equipment in Kyoto, Japan, had a mission to unite its domestic factories with international production bases. After installing Infor LN, a cloud ERP solution, without customisations, “we accomplished the seemingly impossible: process planning and shipping to meet the customer’s request within 2 days after specification decision.”

The customer is always right, and is always changing. Consumer-driven markets are facing pressure to introduce more products quicker and with more specialisations. Manufacturers must adapt. They must evolve processes quickly, efficiently, and cost-effectively. Meeting consumer demands is not a place for playing “catch up”. First to market with a product innovation often wins the market and dominates the mindshare of the buyer.

The Internet of Things is a world that connects people, data, processes, and physical things. Beyond the consumer realm, the IoT is creating a new paradigm in the business world. So, how will the IoT impact manufacturing?

The Factory of the Future isn’t some futuristic fantasy. It’s quickly becoming the new reality. And tech-savvy manufacturers are either on board or preparing for change. 40% of manufacturers believe that smart manufacturing and its foundational technology—the Internet of Things (IoT) — are within reach and that it’s the right time to invest.