Smart technologies are becoming increasingly ubiquitous in our day to day lives. From smartphones to smart homes, the dramatic increase in power and sophistication of technology is opening up new technological frontiers and promising endless possibilities for the development of many different industries, particularly manufacturing.
Britain’s steelmakers are warning against the potential damage to legitimate UK exports to the United States from being caught up in US protectionist measures to counter the dumping of cheap Chinese steel.
The important role connected technologies play in safeguarding manufacturing resilience has been highlighted with the global predictive maintenance market set to grow exponentially over the next five years.
Contrary to popular speculation that robots could take British jobs, new data exclusively shared with The Manufacturer has revealed that the majority of industry professionals (63.3%) have never witnessed job losses as a result of the introduction of robots or automated processes.
Recent forecasts (Hatch Consulting Group) estimate that global demand for steel could grow by a third – nearly 500m tons – by 2030, mainly driven by construction, infrastructure, automotive, energy and capital goods. So why do we hear so much negative news about this vital industry, and how can it return to profitability?