Columns

West

With embedded, data-centric security and dynamic data protection for CAD and PLM, Vera helps manufacturers secure designs, products and innovation throughout the supply chain.

Vera, a leader in data-centric security, is partnering with Autodesk and PTC, industry leaders in the global computer-aided design (CAD) market. Although manufacturers account for 12 percent of the total U.S. GDP and 80 percent of privately held patents, companies today still lack effective tools to control designs once shared with contractors, third parties or foreign suppliers. With embedded, always-on security that travels with the data, Vera offers the first solution that protects CAD files and data in product lifecycle management (PLM) systems with persistent security and control. With a 360-degree audit trail, dynamic permissions and a frictionless user experience, Vera is closing a critical data loss vector for manufacturers.    

“CAD and PLM solutions are the beating heart of innovation for thousands of companies and define billions of dollars in products and IP every year,” says Ajay Arora, CEO and co-founder of Vera. “Because of this, these designs are a rich target for IP theft that can result in untold millions of lost dollars. That stops today. While Autodesk and PTC are known for their excellent security, the problem has always been a complete lack of control once designs leave these systems or are shared with external partners. Now, Autodesk and PTC users worldwide can maintain total control over their designs and trade secrets throughout the supply chain.”

Tags: , ,

Technology

What’s New in Air Caster Technology?

By John Massenburg

The technology behind air casters has been around for decades, but its evolution in recent years explains why industry is looking more closely at air casters as a preferred mover of heavy loads. It may seem hard to believe that hovercraft technology, once closely associated with table air hockey games, has developed into a widely used and essential industrial tool. The fact is that the relatively small air caster, thanks to its technological upgrades and enhancements, has become a viable alternative to traditional load moving solutions such as wheels, rollers, rails and cranes because of its flexibility, ease of maneuvering and, perhaps most important, time and workforce efficiencies. 

The science behind air casters is relatively unchanged. A thin film of compressed air is created under the air caster providing almost friction free movement, in addition to inflation of the air caster element for lift.  These actions combine to provide a unique system capable of moving loads from 1,000 pounds to as much as 5,000 tons in a factory production environment. Unlike other traditional moving solutions, air casters are omnidirectional and flexible enough to complete equipment movement in nearly any location on the plant floor. By contrast, traditional load moving solutions require more personnel and time to adjust the move path and final location.

SouthPhoto

Girlstart gains a new donor, allowing it to continue building girls’ interest and engagement in the STEM fields.

In an effort to continue to support programs that encourage girls at an early age to embrace STEM-related subjects in school and to embolden them to pursue careers in technology, orderTalk Inc., a leading provider of restaurant online ordering software and services, has donated $5,000 to select Girlstart summer camps and after school programs nationwide. orderTalk’s donation demonstrates the importance of supporting STEM, which can have a big impact on manufacturing.

“As the CEO for a progressive digital ordering company that develops software for the restaurant industry, the demand for innovative food ordering solutions is exploding, and with it the need for qualified and talented employees,” says orderTalk CEO Patrick Eldon. “We need to recalibrate the gender imbalance in the computer programing and software development industries and the best way to do that is to continue to support, encourage and inspire students at a young age.”

Tags: , ,

NortheastPhoto3

UTRC unveils $60 million expanded innovation hub and announces additional $115 million for new research facilities.

United Technologies Research Center (UTRC), the global innovation arm of United Technologies Corp. (UTC), has a new and expanded $60 million state-of-the-art innovation hub on its East Hartford, Conn., campus.

This research and development facility has been designed to enhance global innovation at UTC and its businesses. The company also has two additional major investments planned for its East Hartford campus: a $75 million Additive Manufacturing Center of Excellence and a $40 million Engine Compressor Research facility.

The new innovation hub includes 185,000 square feet of new and renovated office and laboratory space. The $60 million build-out was enabled through a collaboration with the state of Connecticut through the historic 2014 Connecticut Aerospace Reinvestment Act. This investment enables UTRC to expand its core capabilities in advanced materials, measurement sciences, sensor technologies, environmental sciences, autonomous systems and human-collaborative robotics.

Midwest

The SME Education Foundation expands its efforts to bring students into the manufacturing industry with a new partnership in Michigan.

Shape Corp., a global Tier I automotive and industrial component supplier, is the latest manufacturer to join the growing list of companies partnering with the SME Education Foundation to expand its exemplary manufacturing education program for high school students. The foundation, Shape Corp. and Grand Haven Area Public Schools in Michigan will collaborate through SME’s Partnership Response In Manufacturing Education (PRIME®) initiative to develop and launch an advanced manufacturing education program at Grand Haven High School beginning in the 2018 academic year. 

Shape is dedicated to producing a talented future workforce, often participating in career-building events and industry activities to increase awareness of the opportunities within manufacturing. On an annual basis, Shape supports and hosts local West Michigan teams from the Future Prep’d program, which engages students in solving real business problems. Shape regularly participates in career exploration events, including Boomerang, MiCareerQuest and others. Students often tour Shape’s facilities, gaining an introduction to processes, products and the varying types of work that are needed for the business to succeed.   

“Shape has a long history of engagement with students, and we have partnered with numerous organizations to attract these young people to potential career opportunities in manufacturing,” says Mark White, president. “We are very excited about partnering with the SME Education Foundation and look forward to growing a great manufacturing education program in Grand Haven.”

Tags: , ,

Legal

Legal Considerations and Best Practices of Private-Equity Sales

By Bill Rosin

Over the past decade, the private-equity industry has expanded dramatically, more than doubling its assets under management to nearly $2.5 trillion in 2016. This remarkable growth has been fueled by a number of factors, including a favorable marketplace and an extended period of low interest rates. With economic conditions remaining conducive to growth, private equity firms and funds have found themselves not only in the black, but in the enviable position of looking to put more of that cash to good use. Consequently, they have become more aggressive about seeking out promising investment opportunities, and this has contributed to a growing trend of private businesses selling to private equity firms.

The surge in private-equity transactions has been evident in a wide range of different industries, from automotive to food services. The manufacturing sector is no exception. With private equity interest in private businesses perhaps at an all-time high, manufacturing executives and decision-makers would be wise to educate themselves about the various considerations and consequences that should be taken into account when negotiating these deals. Understanding the legal and logistical landscape of private equity deals is an important first step toward preserving leverage and maximizing returns if a sale moves forward.

Industry40

It’s the future of manufacturing as we know it. Here’s what operations executives need to know to ride the wave of innovation to survive and thrive. By Terri Hiskey

There is a lot of buzz around the various technology enablers of Industry 4.0. But, viewing Industry 4.0 as a technology initiative is a mistake. Why? Because Industry 4.0 is more than this—it’s the future of manufacturing as we know it.

Industry 4.0 facilitates fundamental improvements to the industrial processes involved in manufacturing, engineering, material usage, asset performance and management, and supply chain and lifecycle management. It is not just about improved performance and efficiency; it’s also about enhancing agility, flexibility and speed-to-market when designing and launching new products and services.

It also gives organizations something even more powerful—the means to navigate change. This is crucial at a time when manufacturers are reinventing their business models to focus on value-added services, and/or entering new geographic and adjacent market segments.

Exporting

The American Middle Market Can Use Insurance to Grow and Mitigate Risk

By Marcos Lopez

In today’s global economy, businesses need to expand beyond their geographical confines in order to organically grow.

Within the United States, approximately 99 percent of businesses are companies that have less than 500 employees, and studies have shown that economic uncertainty is the No. 1 concern for these middle-market businesses. Now more than ever, we face an ever-changing domestic and economic environment, and because of this, managing future risk has become a key initiative for business leaders. While it may seem like 2008 is long behind us – a time when 200,000 businesses closed their doors – we’re still in a very turbulent economy with a lot of unknowns. The only known is that non-payment of trade or bankruptcy can and does routinely occur. In 2016 alone, tens of thousands of businesses failed. Many of your customers, vendors and clients might have been among them. No company, sector or industry is resistant to this. The risk of buyers defaulting on debt will always be present. Take the United Kingdom, for example. Few experts or major financial companies predicted Brexit would occur — and that’s exactly what’s looming. Now one of the world’s leading financial hubs is working to restructure everything, starting with trade agreements, in order to continue to import and export as they were.

mt 19 2A

Check out our latest Edition!

 

staci blog mt2

Contact Us

Manufacturing Today Magazine
150 N. Michigan Ave., Suite 900
Chicago, IL 60601

  312.676.1100
  312.676.1101

Click here for a full list of contacts.

Latest Edition

Spread The Love

Testimonials

"The article Manufacturing Today wrote about us was spot-on. It was a pleasure working with them from interview to published article and everything was as promised.” – Jennifer Brozek, inside sales, Koyo Machinery USA Inc.

Click here for more testimonials.

Back To Top