In an era defined by unprecedented global connectivity and rapid technological advancement, the manufacturing sector continues to serve as a catalyst for economic growth and innovation. Against this backdrop, the narratives featured in this edition of the newsletter are related to Italian companies’ strategic expansion in North America and their need to forge new collaborations when trying to…
New machines are becoming smarter as they combine mechanical, electronic and digital technologies. This hybrid world is transforming manufacturing and the way people work. Transformation is the theme of Machines Italia magazine Vol. XV: Transforming How We Work, One Machine At A Time available online at the link below: https://www.old.machinesitalia.org/magazineHelping to restore the global…
AI is expected to have a significant impact on the U.S. manufacturing sector. According to a KPMG report, AI technology will have different impacts and will grow according to industry needs. For example, 21 percent of industrial manufacturing executives expect AI to impact product design, development, and engineering, while 21 percent expect it to impact maintenance operations and 15 percent…
The European Union, and its members, have launched an unprecedented action to address the difficulties and hardships resulting from the Pandemic. This action is known as the European Union Recovery Instrument (EURI) also known as Next Generation EU, and is worth €750 billion (half in the form of grants, the other half, as low interest loans).
The Italian Recovery and Resilience Plan (RRP)…
2,500 companies, over 160 thousand employees and more than Euro 100 billion in total revenues. These are some of the key figures of the Italian automotive industry which ranks 6th in Europe and 19th in the world for production, and 4th in Europe and 9th in the world for sales. 65% of motor vehicles manufactured in Italy are sold abroad. The automotive industry has played and continues to…
Covid-19 has affected everyone and did not spare the manufacturing industry. Surprisingly, however, many companies have adapted to these changing circumstances realizing that evolution is and always has been the only constant in their line of business.
Mexico, with a territorial extension of more than 1.9 million km2, is the fourteenth largest country, and is strategically positioned as a gateway…
Covid-19 has affected the whole world and it did not spare the manufacturing industry. However, surprisingly, many companies have adapted to these changing circumstances by understanding that evolution is and always has been the only constant in their line of business.
Mexico, with a land mass of over 1.9 million km2, is the fourteenth largest country in size, and is strategically positioned as a…
//i2.res.24o.it/images2010/Editrice/ILSOLE24ORE/ILSOLE24ORE/2020/04/05/Primo Piano/ImmaginiWeb/Ritagli/AdobeStock_331974047-kkcG--1020x533 [at] IlSole24Ore-Web.jpeg" style="opacity: 0.9; width: 650px; height: 340px; margin: 10px; float: left;" />As a result of the spread of the new coronavirus (COVID-19), the outlook for 2020 presented at the beginning of the year is outdated: an exogenous…
Due to the spread of the novel coronavirus or COVID-19, the outlook for 2020 set out at the beginning of the year is now moot. An exogenous shock is hitting the USA and the global economy as a whole to an unknown extent. What is special about the new economic crisis is that there have been simultaneous supply and demand shocks which have commanded not only a reduction in jobs, output, and…
The new version of USMCA, (U.S.- Mexico - Canada Agreement), the trade agreement that once ratified is expected to replace NAFTA, was approved by the U.S. parliament in early December and unveiled during a meeting between the heads of state of the three signatory countries in Mexico City.
The revised text of the agreement contains several amendments from the first draft circulated in November…