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?
It is a formula as old as business itself – the bribe, the backhander that greases the wheels of commerce. Rolls-Royce has recently learned to its great cost, however, that nowadays it is also a ticket to massive fines and reputational damage.
When big meets small, slow meets fast and old meets young there are bound to be culture clashes. Nevertheless, ‘David and Goliath’ collaborations can and do bring many benefits to both parties. Dr Frank Tietze from the University of Cambridge’s Institute for Manufacturing explores strategies that enable established companies and start-ups avoid the pitfalls and reap the rewards of cooperation.
Supply chain technology is evolving to combine disparate streams of readily available data to enable active, dynamic decision-making that reduces network latency, boosts competitiveness, increases supply chain resiliency and protects profit margins. Fabrizio Brasca reports.
Increased investment in research and development (R&D) by business is crucial if university research is to be transformed into successful commercial products, according to the latest Science and Technology Committee report.