“Even though manufacturing is one of the most highly automated industries globally, there is still significant automation potential within the four walls of manufacturing sites, as well as in related functional areas such as supply chain and procurement,” according to research by McKinsey. In fact, their research found that, globally, 64 percent of working hours spent on manufacturing-related activities are automatable.
The Research and Development Tax Credit was implemented in 1981 and in 2015 it became a permanent part of the US tax code when the Protecting Americans from Tax Hikes (PATH) Act was signed into law. Greg Knarr, writing in Industry Week, calls it “our government’s primary incentive to reward businesses for driving industry progress and for keeping technical jobs on U.S. shores.”
This year’s International Manufacturing Technology Show, September 10-15 in Chicago, was the largest yet, with 2,563 exhibiting companies and 129,415 people registered. We enjoyed this fun opportunity to talk with exhibitors, watch demonstrations, and learn about trends to watch in manufacturing and automation.
Purchasing custom automation equipment is unlike most other capital equipment expenditures. Capital equipment purchases are often standard “catalog” items that have been researched, developed, optimized and sold over a long period of time. These off-the-shelf products are typically designed to accommodate a wide variety of customers. The purchase experience is predictable: buy, receive, plug in, and use for the lifetime of the equipment.
When you think of robots, you might picture a vaguely humanlike machine marching around in a futuristic setting or perhaps you think of a massive arm swirling around objects on an assembly line. A new generation of robots has come on the scene and is growing in numbers and capabilities. First developed by General Motors in the mid-1990’s, collaborative robots, also called
Manufacturing is an integral part of the American story. We love to hear about the hard-working, proud craftsman of the past who stretched the boundaries of what was thought possible. We see the things they built and are amazed. We appreciate how American manufacturing has evolved over the last century as new opportunities and challenges have come along. And we like to imagine where it will go in the future.