Taking a page from the video game industry to generate reoccurring revenue
If you play video games or have children that play modern-day video games, without even thinking about it, you are familiar with the video game industry’s revenue model. You are especially familiar if you are the one footing the bill for your or your children’s video game play. The old-fashioned business model for gaming has been the console model. Video game console manufacturers sell their gaming consoles usually at cost or very...
What really kills organizational productivity
I was sitting in a coffee shop on a Thursday afternoon when I overheard two gentlemen talking about work. Not so much about whether client X needed Y, solving a technical problem about a product, or even collaborating on a slide deck. They were deep in discussion about organizational behavior. They went over multiple email and phone communications where they dissected whether the sender was “testing” the receiver, had a...
Poor economic climate knocks warehouse construction
Warehouses added to the global building stock in 2023 down 35% compared with 2022. 26% of warehouses are expected to be automated by 2027, up from 18% in 2022 The Inflation Reduction Act, coupled with the trend toward near-shoring resulted in an uptick in durable manufacturing warehouses in Europe and North America As with many other sectors, the recent economic downturn has hit the warehouse construction sector hard. Updated...
150k Picking Robots to be installed by 2030… and we’re only scratching the surface
Substantial and accelerating growth is predicted for the robotic picking sector over the coming years, as labor costs rise, and the cost of robots fall. At Interact Analysis, we forecast there will be just over 150,000 picking robots installed by 2030, with annual shipments jumping from less than 2,000 in 2022 to just above 50,000 by the end of the decade. Demand for robotic picking is expected to pick up pace towards the end of the...
Why innovation should be more like Easter eggs
Every year in the spring, Amy B., a buyer for a large retail chain store, hosts an Easter egg decorating teambuilding party, where she and a bunch of her suppliers spend an entire afternoon coloring and bedazzling hard-boiled eggs. None of them bring their kids—they do this for the sheer pleasure of out-of-the-office bonding, creating interesting and attractive objects. The group is always amazed at the creativity of the resulting...
Technology forced changes
Technology changes have been talked about for the last ten years and probably more. Many of you have adopted newer technology by investing in new operating systems, CRM systems, marketing systems, and many apps to improve communication with customers, employees, and OEM personnel. And some of you have only made minor changes because of the cost involved and the lack of OEM suggestions that you do so. And some of you are just...
New Industrial Manufacturing downward trend continues with 110 planned Capital Projects for February 2023
IMI SalesLeads has announced the February 2023 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction, and significant equipment modernization projects. Research confirms 110 new projects in February as compared to 130 in January in the Industrial...
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