Market Moves: Manufacturing - Nov 18th, 2023
 
 
How the UAW, AI, and automakers are preparing for what's next.
Market Moves: Manufacturing | View online
 
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November 18, 2023
From the Editor

Hello and welcome back to Market Moves Manufacturing, a biweekly newsletter covering the latest news from Endeavor Business Media brands. In this edition, we start by diving into the aftermath of the UAW strike ending and what the future holds for plant investments.

With ChatGPT’s first birthday around the corner, we’ll also take a look at AI’s role in evolving manufacturing on the factory floor and the opportunities (and risks) it presents for IoT.   

If you’re interested in expanding your horizons further, consider subscribing to the other Market Moves on cybersecurity, strategy, energy, and more right here.

With big wins from Ford, Stellantis and General Motors in its new tentative contracts, the United Auto Workers sets its sights on Toyota and Tesla.
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From IndustryWeek
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In addition to wage increases, a faster track to top wages for newer workers and retiree benefits, the UAW won investment guarantees from Detroit's automakers in recent contract talks.
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Process manufacturers in 2023 have an abundance of digital systems. But are they truly a success for workers on the line? Do they truly connect people, data and assets to give you a 360 degree view of plant activity? Where does MES fit into this?

From Automation World
https://img.officer.com/files/base/ebm/automationworld/image/2023/10/dreamstime_l_259863073.653fc6cdb1b1f.png?auto=format%2Ccompress&w=320
The reason could be in how they're implemented. Adopting the sprint implementation strategy from software developers may be the remedy.
From Smart Industry
https://img.smartindustry.com/files/base/ebm/smartindustry/image/2023/11/16x9/dreamstime_m_269561257.6545169f43a1c.png?auto=format%2Ccompress&w=320
Manufacturers must go beyond overall equipment effectiveness dashboards to improve asset health and process yields, throughput, and sustainability.
https://img.smartindustry.com/files/base/ebm/smartindustry/image/2023/11/16x9/dreamstime_m_296235012.654971e36b703.png?auto=format%2Ccompress&w=320
The tech world and industrial IT and OT are abuzz over the possibilities of generative AI, which is nascent and still coming into use and thus must be approached with caution for its applications in digital transformation.
From Plant Services
https://img.plantservices.com/files/base/ebm/plantservices/image/2023/11/Industrial_instrumentation_is_rife_with_innovation.654bf983ddd4a.png?auto=format%2Ccompress&w=320
Sheila Kennedy says novel monitoring and measurement solutions increase accuracy and operational efficiency.
From Electronic Design
https://img.electronicdesign.com/files/base/ebm/electronicdesign/image/2023/11/6553ce2934aaf6001edd5fa1-evcharging_dreamstime_l_116265799.png?auto=format%2Ccompress&w=320
Microchip is expanding its Automotive Technology Center in Detroit to focus more on EV power electronics. In this Q&A, Electronic Design talks with two company representatives about the project.
From American Machinist
https://img.americanmachinist.com/files/base/ebm/americanmachinist/image/2023/11/NironMagnetics_IronNitride_magnet_promo.654c451a83d2b.png?auto=format%2Ccompress&w=320
The automakers are seeking alternatives for the permanent magnets used in EV motors due to the cost and supply-chain problems surrounding the critical materials needed to produce them – and a Minnesota business is commercializing a possible solution.

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