Transplants pull even with Detroit 3 in 2017 and are expected to top them this year amid rising exports.
It’s the latest milestone in the steady rise of the so-called transplant automakers at the expense of the Detroit 3.
After opening several large plants in recent years – and with more under construction in the U.S. and Mexico – the transplants are expected to account for more than half of North American auto production for the first time in 2018.
Read more about this from Auto News here.
The robotics industry is well into a multi-year expansion in both unit sales and overall robot capabilities. Consequently, the return on investment (ROI) is easier to reach. Add to that the trend in robots becoming less expensive and we’re set to see continued robot growth through 2018 and beyond.
The employment environment is also favoring robots. In many areas of North America, we’re at virtually full employment. During labor scarcity, robots can help with low-skill manufacturing or logistics tasks. Also, as robots become easier to configure, companies can deploy robotics without having to hire highly skilled control programmers.
Cost is a huge factor in convincing manufacturers and warehouse managers to try robots. In 2018, investment will be less expensive, and the return will come more quickly.
“Companies using robots are realizing better and faster return on investments, and I think that’s why the robotics is growing rapidly. We will break records this year as we have every year since the end of the great recession,” Bob Doyle, director of communications at Association for Advancing Automation, told Design News. “Robots are less expensive. companies are using smaller robots that are cheaper. That includes collaborative robots as well as other small robots that are not as collaborative.”
Read more of this article here.
A new feature for us here at Key Industries is to help all our foreign owned manufacturing companies be aware of changing conditions in the volatile foreign currency markets. We have attached a picture here showing the exchange rate between the US Dollar and Japanese Yen from August the 10th. You will notice the Exchange rate for one day and from 1 month. This slide shows a dramatic decline in the Yen vs the Dollar this move will result in items being purchased from Japan being more expensive. The second slide show the consensus of all US Banks and they have been predicting the exchange rate to be 113.00 Yen to Dollar. You can see they are way off and they predict the 4th quarter to be 115! This is way off from what it is currently and where it appears to be going. The tensions between North Korea and America seems to be fueling this drop in Yen. As a major supplier to the Japanese Automotive Manufacturing Sector, Key Industries has the experience and knowledge to help our customers make the best buying decision today and even in the future.
Contact us to learn more.