Archive for category Industry
Material Handling Industry History
Materials Handling Industry has matured as never before. Ever since the industrial revolution started, goods needed to be transported at a larger scale. These transports and movement of goods and materials have become the material handling industry, a mature industry which has anchored in all corners of the globe and has
The Industry Definition
By definition, this optimization business is the movement, protection, control and storage of goods before, during and after the production or manufacturing process. But also includes the handling of goods during distribution to end consumers and even during the consumption and the disposal part of the end product. Every little handling falls within the handling industry.
The logistics industry highly relies on the material handling industry and in many ways is intertwined with this industry as well. The tow industries go hand in hand in order to let the supply chain process go as fluently as possible.
A Little Industrial History
This management business has been around ever since humans have been trading goods. Once trading and manufacturing started to happen at a larger scale more efficient systems needed to be developed and brought into place. Equipment and optimization are constantly evolving to facilitate the demand of goods.
The industrial revolution was sparked of in Great Britain in the early 18th century when the first commercially viable steam engines entered the manufacturing, mining, agricultural and transport processes. These inventions and contraptions were shipped all over the world to increase production volumes and the industrialization of the world became a fact. The material handling industry developed along side. Read the rest of this entry »
Product Lifecycle Management Solution to Auto Industry Challenges
Executive Summary
The global economy has been turbulent for the last couple of years but the automotive industry, in particular, has been encountering the most challenging environment. Market dynamics are changing rapidly, thus forcing the auto makers to change their business strategies and to implement them successfully in order to stay competitive. Auto parts makers are further squeezed as they need to satisfy more diverse product requirements with low room for errors in a relatively much shorter time span. As radical technological trends are inevitable, harnessing this opportunity will enable companies with innovative products to gain market share.
The following key trends have been shaping the auto industry:
Auto-crisis: The latest crisis led to excess inventory and massive debt accrual for a number of big automakers in the US and Europe. At the same time, strong growth and a healthy economic outlook in BRIC nations has helped their local companies make headway into local as well as international markets. The financial landscape is forcing the big auto companies in the US, Europe and Japan to rapidly shift their strategy and to innovate faster in order to compete with the Asian auto and auto part makers.
Globalization: The opening of the international trade boundaries has helped companies expand into new growing markets such as Asia; however, it adds to the complexity of satisfying different types of local customer requirements making auto development complexity increase manifold. Read the rest of this entry »
Why the Beauty Industry Hates Men (Part V): The Beauty Industry and Missed Opportunities
The Beauty Industry and Missed Opportunities: Lessons from the IT Sector and The Writing on the Wall.
In business, we’ve all played the “if I only knew then what I know now…” game. And yes, most – if not all – of us would lunge at the opportunity to jump into a time machine and emerge at the fabled right place at the right time: say, just before a wild stock market surge, or just as valuably, right before an impending crash.
But of all of the “if I only knew then what I know now” ponderings, the ones that are the most painful – the ones that keep us up at night, lamenting not just what might have been, but what should have been – are the opportunities that we let slip right through our very own fingers.
Those are the opportunities that sting the longest and cut the deepest, because in hindsight we see, with tragic clarity, that they were actually designed for us. Those opportunities came knocking at our door, and all we really needed to do was turn the doorknob, let them in, and reap the life-changing rewards.
But for a variety of reasons – call it destiny, bad luck, or anything else – we missed it. And so the knocking stopped, the door remained closed, and the opportunity went elsewhere.
Top Missed Opportunities (and Blunders) in Tech History Read the rest of this entry »