Bosch Rexroth and Azura Engineering enter into systems integrator partnership
The new partnership will give Azura access to the full range of Bosch Rexroth Mobile Electronic hardware, including controllers, displays, sensors, joysticks and software know-how, which will enable Azura to offer a comprehensive electronic control solution to customers.
Azura Engineering is one of the UK’s leading vehicle electronics development companies, specialising in telematics, data-logging, vehicle gateways and diagnostics solutions, for a wide range of vehicles from passenger cars, through to commercial vehicles and industrial mobile plan. Customers include Bentley, Aston Martin, Ford, JCB and Navistar.
The new partnership will enable Azura to expand its product range into the off-highway market which is already an area of expertise for Bosch Rexroth. The company’s mobile electronics equipment is already widely used in demanding on and off highway applications to monitor and control various vehicle systems, including hydraulic and associated body and chassis systems.
Nick Mobbs, a Mobile Electronics Specialist at Bosch Rexroth, said: "Bosch Rexroth and Azura Engineering have worked together closely in the past on several projects requiring our mobile electronics hardware and their telematics systems. This new partnership, the first of its kind for Bosch Rexroth’s mobile electronics division, takes our relationship a step further and allows Azura to access our full range of products, enabling them to provide comprehensive solutions to multiple industry sectors.“
Neil Lyon, Director at Azura Engineering, concluded: "We have developed our telematics products to interface with Bosch Rexroth hardware which provides us with a full remote diagnostics capability. This formal partnership will enable us to fully develop our vehicle solutions to provide a control system with all the assoicated mobile electronics and the added ability to provide an integrated telematics solution.“
IMF: Variants Can Still Hurt Manufacturing Recovery
After a year of on-and-off manufacturing in the US, UK, and the eurozone, demand for goods surged early last week. Factories set growth records in April and May, suppliers started to recover, and US crude hit its highest price point since pre-COVID. As vaccination efforts immunise much of the US and UK populations, manufacturers are now able to fully ramp up their supply chains. In fact, GDP growth could approach double-digits by 2022.
Now, the ISM productivity measure has surpassed the 50-point mark that separates industry expansion from contraction. Since U.S. president Biden passed his US$1.9tn stimulus package and the UK purchasing managers index (PMI) increased to 65.6, both sides of the Atlantic are facing a much-welcomed manufacturing recovery.
Lingering Concerns Over COVID
Even as Spain, France, Italy, and Germany race to catch up, and mining companies pushed the FTSE 100 index of list shares to a monthly high of 7,129, some say that UK and US markets still suffer from a lack of confidence in raw material supplies. Yes, the Dow Jones has made up its 19,173-point crash of March 2020, and MSCI’s global stock index is at an all-time high.
Yet manufacturers around the world realise that these wins will be short-lived until pandemic supply chain bottlenecks are solved. If we keep the status quo, consumers will pay the price. In April, inflation in Germany reached 2.4%, and across the EU’s 19 member countries, overall prices have increased at an unusual pace. Some ask: Is this true recovery?
IMF: Current Boom Could Falter
Even as Elon Musk tweeted about chip shortages forcing Tesla to raise its prices, UK mining demand skyrocketed; housing markets lifted; and the pound sterling gained value. The International Monetary Fund (IMF), however, cautioned that manufacturing recovery won’t last long if COVID mutates into forms our vaccinations can’t touch. Kristalina Georgieva, Washington’s IMF director, noted that fewer than 1% of African citizens have been vaccinated: “Worldwide access to vaccines offers the best hope for stopping the coronavirus pandemic, saving lives, and securing a broad-based economic recovery”.
Across the globe, manufacturing companies are keeping a watchful eye on new developments in the spread of COVID. Though US FDA officials don’t think we’ll have to “start at square one” with new vaccines, the March 2021 World Economic Outlook states that “high uncertainty” surrounds the projected 6% global growth. Continued manufacturing success will in large part depend on “the path of the pandemic, the effectiveness of policy support, and the evolution of financial conditions”.
Mathias Cormann, secretary-general of the Organisation for Economic Co-Operation and Development (OECD) concurred—without global immunisation, the estimated economic boom expected by 2025 could go kaput. “We need to...pursue an all-out effort to reach the entire world population”, Australia’s finance minister added. US$50bn to end COVID across the world, they imply, is a small investment to restart our economies.