Global consumers willing to pay more for British manufactured products
A report released by Barclays Corporate Banking indicates that 39% of global consumers would be more likely to purchase products produced in the UK.
The report, dubbed Brand Britain: Export Opportunities for UK Businesses, notes that Asia and the Middle East are the most likely, conveying more interest in Brand Britain, and the association with quality.
Out of the 8,060 people surveyed, 67% Indian people, 62% people from the UAE, and 61% of Chinese people were more inclined.
The Barclays research also suggested that the dedication to British manufactured products was strongest with young people, with almost half (48%) said they would be more likely to purchase.
The majority of young people in China, between the ages of 25-34, were more interested in British made commodities, at 73%.
People with the over 55 age group, however, were less likely to be encouraged by British production, at only 24%.
The survey, which questioned people from eight markets – France, Germany, Republic of Ireland, India, China, UAE, the US, and South Africa – noted that food, fashion, and cars were the most popular products from the UK.
22% of consumers would be more willing to purchase food knowing it was from Britain.
Cars received 10% interest, with 9% of the group encouraged by British exported clothing, matching with 9% of people more likely to purchase British alcohol.
Fluent.ai x BSH: Voice Automating the Assembly Line
Fluent.ai has deployed its voice recognition solutions in one of BSH’s German factories. BSH leads the market in producing connected appliances—its brands include Bosch, Siemens, Gaggenau, NEFF, and Thermador, and with this new partnership, the company intends to cut transition time in its assembly lines.
According to BSH, voice automation will yield 75-100% efficiency gains—but it’s the collaboration between the two companies that stands out. ‘After considering 11 companies for this partnership, we chose Fluent.ai because of their key competitive differentiators’, explained Ion Hauer, Venture Partner at BSH Startup Kitchen.
What Sets Fluent.ai Apart?
After seven years of research, the company developed a wide range of artificial intelligence (AI) software products to help original equipment manufacturers (OEM) expand their services. Three key aspects stood out to BSH, which operates across the world and in unique factory environments.
- Robust noise controls. The system can operate even in loud conditions.
- Low latency. The AI understands commands quickly and accurately.
- Multilingual support. BSH can expand the automation to any of its 50+ country operations.
How Voice Automation Works
Instead of pressing buttons, BSH factory workers will now be able to speak into a headset fitted with Fluent.ai’s voice recognition technology. After uttering a WakeWord, workers can use a command to start assembly line movement. As the technology is hands-free, workers benefit from less physical strain, which will both reduce employee fatigue and boost line production.
‘Implementing Fluent’s technology has already improved efficiencies within our factory, with initial implementation of the solution cutting down the transition time from four seconds to one and a half”, said Markus Maier, Project Lead at the BSH factory. ‘In the long run, the production time savings will be invaluable’.
Future Global Adoption
In the coming years, BSH and Fluent.ai will continue to push for artificial intelligence on factory lines, pursuing efficiency, ergonomics, and a healthy work environment. ‘We started with Fluent.ai on one factory assembly line, moved to three, and [are now] considering rolling the technology out worldwide’, said Maier.
Said Probal Lala, Fluent.ai’s CEO: ‘We are thrilled to be working with BSH, a company at the forefront of innovation. Seeing your solution out in the real world is incredibly rewarding, and we look forward to continuing and growing our collaboration’.