FANUC breaks the world record for industrial robot production
Reaching this milestone is down to the FANUC R...
FANUC Europe now has an installed base of more than 400,000 robots, a new world record for the industry.
Reaching this milestone is down to the FANUC R-2000i and LR Mate series, which are the company’s highest selling robots, while the CR-35iA – a collaborative green robot – has attracted new attention of customers.
Collaborative robots have brought a number of benefits to the manufacturing plant floor floor, improving efficiencies and the welfare of human workers.
There’s also a demand for manufacturers to embrace the latest technologies in factories, especially in China. This has fuelled the production of industrial robots and has played a major role in doubling FANUC production over the last seven years.
Head of Marketing and Sales Coordination of FANUC Europe, Konrad Grohs said: “Today’s milestone underlines our position as the world’s leading global provider of factory automation and industrial robotics. We’re incredibly proud to have broken the world record and we believe this is testament to FANUC’s longstanding commitment to innovation, and continually pushing the boundaries of automation to increase productivity.
“Over the coming years, we will build on our rapid growth to help even more manufacturers across the world take advantage of the benefits that robotics and automation bring to their businesses. We believe that benefits of factory automation and robotisation will be better recognized also in European plants and will further increase the competitiveness of European industry.”
For more information, please visit: www.fanuc.eu
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.