May 16, 2020

Google's New Driverless Car Potentially Changes the Future of Automotive Manufacturing

Driverless cars
road safety
Automotive industry
2 min
Google's car has cartoon characteristics
Google is turning its hand to automotive manufacturing and could well revolutionise the way cars are made in the future, by removing pedals and steering...

Google is turning its hand to automotive manufacturing and could well revolutionise the way cars are made in the future, by removing pedals and steering wheels.

At the end of May it publicised its latest driverless car prototype in its blog, a machine which looks as if it has come straight from a cartoon or toy set but one which houses the latest technology of its kind.

The aim of Google’s project is to create a car which “shoulders the entire burden of driving”, saving busy working people time and freeing them up to enjoy leisure time without worrying about whether they will fail a breathalyser.

The work done by pushing pedals and steering will be carried out by cutting edge software and sensors, removing human error and ultimately making the roads a safer place, Google says.

Safety was the first priority the technology giant considered when conceptualising the driverless car – its sensors can cover blind spots, detect faraway objects (two football fields in all directions), and has a speed cap, the first of which is 25 mph.

The interior is simple and designed for learning. It simply contains two sears, a small baggage space and a screen with the route mapped out. 

Google said it plans to build around 100 prototype vehicles by the end of summer 2014, with a mid-term goal of running a pilot scheme in California with the next two years. Watch the video to find out more about how the car works. 

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Jun 8, 2021

IMF: Variants Can Still Hurt Manufacturing Recovery

Elise Leise
3 min
The International Monetary Fund (IMF) claims that while markets are rising and manufacturing is coming back, it’ll push for global immunisation

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.

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