A US Bankruptcy Court judge has granted Hanjin Shipping's request to sell its stake in container terminal operator Total Terminals International. Hanjin will sell its share to Mediterranean Shipping for $78 million.
Electrical distributors must differentiate themselves from competitors by showing customers why their value-added services save money on a daily basis, says Glenn Goedecke of Mayer Electric Supply Co. "If distributors don't invest in their businesses, they will stop growing and they will die," Goedecke said.
Rich Hunter outlines five areas where work-flow automation can help improve customer relationships, including service-level tracking and routing of support requests.
Computerized maintenance management systems have upfront costs in terms of software and employee training, but the long-term effects can be worth it, writes Paul Lachance of Smartware Group. CMMS can reduce downtime, cut costs and make product tracking more efficient.
Demco Automation is expanding its facility for producing its automation assembly systems, crediting an increase in US manufacturing for the demand. The company's clients span industries, including a guitar maker and Lockheed Martin.
Companies are finding some success in digitizing their supply chains, but they need to do more to understand how to respond to what the data tells them, Luca Urciuoli writes. "There is a lack of well-developed rules to help organizations decide when alerts should be issued and how enterprises should react to such messages," Urciuoli writes.
The industrial internet of things is opening the door to the Digital Twin, "an exact digital replica of the physical machine built with artificial intelligence algorithms that allow it to see, think and act just like human beings do," writes Colin Parris of GE Global Research. This advancement could change how workers plan their time while unlocking trillions of dollars in growth opportunities, Parris argues.
Companies should look to help information technology and operational technology functions work better together, as the industrial internet of things enables data-sharing between functions from both groups. There are multiple ways to organize your team for maximizing such cooperation.
Easy ways to save on energy consumption at a manufacturing site include checking equipment placement and assessing water usage and lighting efficiency. Also look at the thermal envelope, since "an airtight envelope isn't just important to reduce energy costs -- it keeps out pollutants and helps prevent cross-contamination," writes Todd Allsup.
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