H-E-B pilots Vuzix Basics Video
H-E-B, the Texas-based retailer – and one of the US’ top 15 largest, with a recorded US$24bn revenue – has piloted the Vuzix Basics Video.
Vuzix is a supplier of Smart-Glasses and Augmented Reality (AR) technology to both the consumer and enterprise markets.
The new technology allows so seamless setup, integrating the technology to operations efficiently.
The Vuzix Basic Video application provides noise-cancelling and high-quality audio, enhancing the smart glasses’ Augmented Reality, and making the technology suitable for noisy environments and operations.
“Daniel Estrada, Associate Team Leader at H-E-B, pulled the Vuzix M300 Smart Glasses out of the box and had them in productive use in a matter of minutes,” said Greg Flickinger, Group VP of Manufacturing Operations at H-E-B.
“The ability to leverage augmented reality on the plant floor will open the door to a game changing approach to technical education and knowledge transfer.”
“We’ve really just started to scratch the surface of all the ways we can drive value with the Vuzix M300 in our operations.”
The technology works towards providing operators with the correct data on demand, as well as allowing its users to work hands free.
“Vuzix Basics Video is built to work right out of the box: click, connect, collaborate,” stated Paul Boris, COO of Vuzix.
“The feedback we’ve received from H-E-B and other pilot customers validates the value proposition and that the ability to put the Vuzix M300 into productive use, quite literally in minutes, is transformational.”
More importantly, the immediate ROI and simplicity of deployment unlocks a flood of additional, high value use cases for our customers. We are excited to hear of H-E-B’s success, and are looking forward to expanding our relationship in the weeks and months ahead.”
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.