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Sales of US cotton-harvesting machinery to China increase by 4,000 percent

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Sales of US-manufactured cotton-harvesting machinery to China have increased by 4,000 percent, according to a report on the South China Morning Post website.

The news outlet says its own analysis shows that the increase in April of this year was “more than 4,000 percent” when compared with the same month last year.

The main reason for the dramatic increases, says the SCMP, is the possible threat of US sanctions against China which might make it impossible to import hi-tech goods. [Read more…] about Sales of US cotton-harvesting machinery to China increase by 4,000 percent

Top Ways to Find Houses for Buying

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Looking for the best home requires dedication and a lot of perseverance. With the help of technology and the online platform, it also takes a lot of creativity to know the right places to search in.

There are traditional and modern options you should try to look for the best house for buying.

The best one you should settle for is the best among all of the options you see. You can only do this if you have the right avenue, resources, and information. The top ways to find the best properties will help you get that dream house of yours. [Read more…] about Top Ways to Find Houses for Buying

ThyssenKrupp sells its elevator business for more than $17 billion

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Giant industrial conglomerate ThyssenKrupp says it has successfully completed the sale of its elevator business, marking a further important milestone in the transformation of the company.

The transaction closed after all the responsible authorities had approved the sale to a bidding consortium led by Advent International and Cinven.

ThyssenKrupp had reached an agreement with the consortium on the purchase of the elevator business earlier this year. With the closing, the company has received the contractually agreed purchase price, which was reported to be $17.2 billion. [Read more…] about ThyssenKrupp sells its elevator business for more than $17 billion

The Robots Are Here to Stay: How Automation is Affecting Global Business

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Robots are shaking up different aspects of the modern business world. Deloitte’s 3rd Annual Robotics Survey suggested that the implementation of robotic process automation (RPA) in organisations is in the rise.

Robotic Process Automation? What Is It?

Simply known simply as RPA, it is the use of robotics systems on computers or robots to support the processing of data, and thereby, making such data processing more effective.

RPA also comes with programs that prevent the need for human hands or humans to perform rule-based tasks that are mostly repetitive. Thus, RPA also leads to very time-efficient processes. [Read more…] about The Robots Are Here to Stay: How Automation is Affecting Global Business

Rozum Café develops collaborative robotic system for coffee-making and serving

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Rozum Robotics has developed a collaborative robotic system for coffee-making and serving, calling it Rozum Café. (See video below.)

The labor shortage is a common challenge in manufacturing. Human-robot collaboration is a promising solution to this problem.

Production lines, where a human and a robot can work shoulder by shoulder, unite robotic efficiency and human creativity. [Read more…] about Rozum Café develops collaborative robotic system for coffee-making and serving

Toyota boss calls for transformation as profit plunges 74 percent

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The president of automotive giant Toyota has called for the transformation of company amid a 74 percent decrease in profit, mostly as a result of the coronavirus pandemic.

Toyota this week has reported a profit of approximately $1.5 billion for the most recent quarter, which is down from more than $6 billion in the same quarter the previous year.

Japanese news outlet Asahi Shimbun reports that Toyota ’s sales went in “all markets”, with the company warning that huge uncertainties remain over the pandemic. [Read more…] about Toyota boss calls for transformation as profit plunges 74 percent

US targets Chinese tech giants for bans and sales

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The United States is targeting a range of Chinese-owned tech giants for bans or sales in a bid to put pressure on its economic rival.

The administration of President Donald Trump appears to be conflating “national security” issues with economic measures which it believes are fair while others consider protectionist.

Trump has signed executive orders which may see the sale within 45 days of video-sharing app TikTok to Microsoft. Another app in the administration’s bad books is WeChat, according to the South China Morning Post. [Read more…] about US targets Chinese tech giants for bans and sales

2 Tools to Help Automate Your Sales Process

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Back in the day, sales representatives used to spend all day in the field, exploring leads, looking for potential clients and, well, selling.

Now, a sales rep spends less time in the field and more time completing tedious tasks and non-sales activities.

Further on, research suggests that now, sales reps only spend one-third of their day actually making sales, while the other two-thirds are spent on manual tasks such as writing emails, scheduling meetings, prospecting leads and entering data into the computer. [Read more…] about 2 Tools to Help Automate Your Sales Process

Desperate Chinese manufacturers resorting to ‘street vendor’ tactics

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Desperate Chinese manufacturers are resorting to “street vendor” tactics in order to survive amid the economic devastation caused by the coronavirus pandemic.

In the past, street vendors were targeted by the police and Communist government and shut down wherever they were found, even if they were licensed.

The thinking was that street vendors were a blight on urban landscapes and hampered regeneration programmes. [Read more…] about Desperate Chinese manufacturers resorting to ‘street vendor’ tactics

Hyundai Robotics partners with Hyundai E&C to develop construction robots

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Hyundai Robotics is partnering with Hyundai Engineering & Construction to develop construction robots.

Hyundai, a South Korean company, is a giant of the global industrial landscape and each of its business units is larger than most companies anywhere.

Newly established business unit Hyundai Robotics is claimed to be South Korea’s leading industrial robot producer, while Hyundai E&C is major construction company which was establish 73 years ago. [Read more…] about Hyundai Robotics partners with Hyundai E&C to develop construction robots