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Honda Car India delivers joy with digital transformation

Honda has a long history of corporate excellence driven by an enduring philosophy of “joy.” It believes in creating joy for its customers when they buy, for its dealers when they sell, and for its associates and suppliers when they create.

Yamaichi Special Steel masters generative design

In the never-ending quest to create better products, the latest tool is a technology called “generative design” (GD). A GD algorithm receives high-level requirements as input and generates an optimal design as output.

Where is Manufacturing Tech Headed in 2021?

Manufacturing technology is constantly changing, both in terms of the types of products produced and the ways those products are made. As we ease into 2021, here are some interesting trends I’ve heard about.

Cottonwood Expands Into Industrial Financing

Cottonwood Group, a Los Angeles private equity real estate investment firm, announced the firm’s expansion into the industrial sector with two transactions totaling $80 million in combined value.

View Marketing as an Investment—Not an Expense

Peter Drucker, known as the father of modern management, was quoted in a 2006 article in Forbes as saying, “Because the purpose of business is to create a customer, the business enterprise has two—and only two—basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.”

Coping with Upheaval in the Supply Chain

Risk-management technology is beginning to help manufacturers cope with the supply-chain upheaval caused by the COVID-19 pandemic, said Thomas Derry, CEO of the Institute for Supply Management: “We are a lot better at managing risk than even 10 years ago.”

Embracing Digital Twins

The concept of the digital twin in A&D was born in the 1970s, when NASA began employing full-scale virtual mock-ups of space capsules to forecast the performance of machines in outer space.