Business News

APAC construction market to hit $14 trillion by 2021 predicts Frost & Sullivan

Frost & Sullivan’s recent analysis, Business Model Innovations in the Building Construction Industry, 2020, finds that the building construction value chain will shift from sequential (conventional value chain) to innovative business models with increased penetration of building construction technology. With rapid urbanisation and suburban development in Asia-Pacific (APAC), the construction market in the region is expected to reach $14 trillion by 2021 from $10 trillion in 2017. However, the market will be impacted by Covid-19. In a conservative scenario, there will be a long delay in the completion of projects in the commercial segment; in an aspirational scenario, there would be a short delay in the completion of ongoing projects until the Covid-19 pandemic subsides. “APAC is expected to witness an infrastructure and construction boom in the next five years with a healthy distribution of projects shared between the residential, industrial, and infrastructural segments,” said Wen Hui Liu, Energy & Environment Research Analyst at Frost & Sullivan. “Additionally, in this period, innovative business models such as vertical integration, anything-as-a-service (XaaS), and off-site construction will be impacting traditional building construction business in the region.” Advanced technologies such as AR/VR, 3D printing, automation and robotics are expected play a major role in combatting industry challenges such as declined productivity, workforce scarcity and site safety issues. The move to a more modern and digital environment will also play a positive role in addressing the gap of skilled workers. Liu added: “Besides advancement in technology, sustainability trends such as prefabrication construction, sustainable construction, and green building technology are likely to revolutionize the conventional way business is done in the building construction sector. Further, this trend will reduce carbon emission and gain new revenue streams from the conventional value chain.” To tap into the growth opportunities exposed by the innovative building construction industry, market […]

Mitsubishi Corporation: Initiation of “Technology Development for Para-xylene Production from CO2”

We, University of Toyama, Chiyoda Corporation, Nippon Steel Engineering Co., Ltd., Nippon Steel Corporation, HighChem Company Limited, and Mitsubishi Corporation (hereinafter collectively referred to as the “Group”) are pleased to announce that the Group has jointly applied for and been selected by NEDO(1) for “Development of Technologies for Carbon Recycling and Next-Generation Thermal Power Generation / Development of Technologies for CO2 Reduction and Utilization / Development of Technologies for CO2 Utilisation for Chemicals.” Summary:In order to cope with global climate change, it is necessary to address the issue of CO2 emissions from factories, power plants, and various emission sources while pursuing all possible technological options including carbon recycling technologies. “Roadmap for Carbon Recycling Technologies” formulated by METI(2) in June 2019 sets forth guidelines for utilisation of carbon recycling technologies for separating and collecting CO2 as resources and reusing it in the form of diverse carbon compounds for chemical materials or fuels. Against this backdrop, NEDO has launched a development project for the world’s most advanced technology for industrial para-xylene(3) production from CO2 to substitute existing fossil fuel-derived chemicals, and the Group has been selected as contractors for this commissioned project. Para-xylene is a particularly important basic compound in the production of PTA(4) which is a feedstock material for polyesters such as polyester fibers and plastic bottles. Due to its composition, it can be produced with a relatively small amount of hydrogen while fixing a large amount of CO2, compared to other compounds from carbon recycling. This is a theme with great potential from both economic and environmental perspectives. The global demand for para-xylene is approximately 49 million tons per year. Assuming that the feedstock for para-xylene of the current demand level is entirely converted from fossil fuels to CO2, theoretically 160 million tons of CO2 could be fixed in the […]

How to ride the wave of E-Commerce during and after Covid 19?

The Covid-19 pandemic has brought about changes to our businesses. How can you continue to move your business moving forward by adopting effective E-commerce strategies during and post COVID-19? E-commerce will be the leading driver of changes to your businesses. As such, the CEBIT ASEAN Thailand Webinar Series – July Edition brings you our “Free to Attend’ webinar “How can you ride the wave of E-Commerce during and after Covid 19?” to help you learn about: AI & IOT technologies for your retail business Omni-channel supply chain innovations for your business The trends and future of digital payments for your business Thailand E-Commerce Landscape – online shopping behaviors Scale up your e-commerce business during Covid-19 with logistics solutions Listen, Learn and Share with our FIVE regional e-commerce experts on their views and perspectives from their respective markets Join us for our next webinar: “CEBIT ASEAN Thailand Webinar Series: July 2020” E-Commerce Day How can you ride the wave of E-Commerce during and after COVID 19? FRIDAY , 24 JULY 2020 // 14.00 – 16.20 HRS (BANGKOK TIME) DOWNLOAD AGENDA JOIN FREE WEBINAR Our Speakers Post-COVID-19 Retail New Technology and Big Data : POPSQUARE AND ITS SMART SHOP PLATFORM (conducted in English) Mr. Francis Kwok, CEO & Co-Founder of Popsquare Ltd., Representative from Hong Kong E-Commerce Business Association Crossborder Omni-Channel Supply Chain Innovation for COVID-19: Excellent Solution for Leading Brand to Win Business in the New Retail Era (conducted in English) Mr. Terry Chan, Founder & CEO, JUSTT GROUP, Founder & Chairman, Hong Kong eCommerce Supply Chain Association (HKeCSC), Adjunct Lecturer, The University of Hong Kong, Mentor, Hong Kong Science & Technology Park, Former GM 3PL, Lazada (Alibaba Group) Post COVID-19: The future of digital payments (conducted in English) […]

Next-generation sorter for supply chain automation

The Körber Crossbelt Sorter empowers businesses to create truly unified automation solutions to excel in today’s increasingly complex supply chain landscape. Supply chains must handle more products, more suppliers and fulfill through various channels. Consumer expectations for choice, convenience and speed add to this complexity. To maintain a competitive edge, businesses need automation technologies to handle the evolving challenges of ecommerce and fast-moving consumer goods (FMCG). “Körber has the goal of strategically aligning supply chain technologies and expertise to the needs of customers and the industry,” says Stephan Gӧttsche, chief executive officer at Körber Supply Chain – Automation. “The Körber Crossbelt Sorter exemplifies this. One in three companies still manages supply chain processes manually. This is one of many initiatives we are taking to expand our portfolio and capitaliSe on our 30+ years of expertise in system integration to design automation systems for today and tomorrow’s demands.” The Crossbelt Sorter seamlessly integrates with any materials handling equipment (MHE) to create unified automation systems. Be it conveyors, shuttles, or beyond, the Crossbelt Sorter uniquely links the MHE of different functional areas – receiving, storage, multi-stage picking, or dispatch. Hence, the Crossbelt Sorter dynamically distributes goods based on any criteria to the proper destination at any stage in the process. Furthermore, the sorter’s modular design enables quick and simple integration with the existing system landscape. The result is a higher level of automation, enabling shorter reaction times, increased efficiency and higher throughput. Examples of success include transport of up to 14,000 containers per hour, carrier changeovers in only 10 minutes, and conveying speeds of 1.8 m/s. “Conquering today’s supply chain complexities requires higher levels of automation,” said Pieter Feenstra, chief sales officer for Körber Supply Chain – Automation. “Intelligently linking different material handling components is necessary to excel in today’s market. Körber […]

The Myth of Chinese Capitalism: The Worker, the Factory, and the Future of the World

-by Dexter Roberts The untold story of how restrictive policies are preventing China from becoming the world’s largest economy. Dexter Roberts lived in Beijing for two decades working as a reporter on economics, business and politics for Bloomberg Businessweek. In The Myth of Chinese Capitalism, Roberts explores the reality behind today’s financially-ascendant China and pulls the curtain back on how the Chinese manufacturing machine is actually powered. He focuses on two places: the village of Binghuacun in the province of Guizhou, one of China’s poorest regions that sends the highest proportion of its youth away to become migrants; and Dongguan, China’s most infamous factory town located in Guangdong, home to both the largest number of migrant workers and the country’s biggest manufacturing base. Within these two towns and the people that move between them, Roberts focuses on the story of the Mo family, former farmers-turned-migrant-workers who are struggling to make a living in a fast-changing country that relegates one-half of its people to second-class status via household registration, land tenure policies and inequality in education and health care systems. In The Myth of Chinese Capitalism, Dexter Roberts brings to life the problems that China and its people face today as they attempt to overcome a divisive system that poses a serious challenge to the country’s future development. In so doing, Roberts paints a boot-on-the-ground cautionary picture of China for a world now held in its financial thrall.

Mercedes-Benz and NVIDIA to build software-defined computing architecture for automated driving

Mercedes-Benz, one of the largest manufacturers of premium passenger cars, and NVIDIA, the global leader in accelerated computing, plan to enter into a cooperation to create a revolutionary in-vehicle computing system and AI computing infrastructure. Starting in 2024, this will be rolled out across the fleet of next-generation Mercedes-Benz vehicles, enabling them with upgradable automated driving functions. Working together, the companies plan to develop the most sophisticated and advanced computing architecture ever deployed in an automobile. The new software-defined architecture will be built on the NVIDIA DRIVE platform and will be standard in Mercedes-Benz’s next-generation fleet, enabling state-of-the-art automated driving functionalities. A primary feature will be the ability to automate driving of regular routes from address to address. In addition, there will be numerous future safety and convenience applications. Customers will be able to purchase and add capabilities, software applications and subscription services through over-the-air software updates during the life of the car. A new computing architecture Automated driving functions in future Mercedes-Benz cars will be powered by the next-generation NVIDIA DRIVE platform. The computer system-on-a-chip, called NVIDIA Orin, is based on the recently announced NVIDIA Ampere supercomputing architecture. The NVIDIA DRIVE platform includes a full system software stack designed for automated driving AI applications. NVIDIA and Mercedes-Benz will jointly develop the AI and automated vehicle applications that include SAE level 2 and 3, as well as automated parking functions (up to level 4). The new system’s state-of-the-art capabilities will be harnessed with a total focus on safety. As the technology and regulatory framework develop, it will be possible for every car to be updated over the air to enable new automated driving functions. Convenience as well as other safety features will also be available. To develop the new models, both companies will be utilising NVIDIA DRIVE Infrastructure solutions to […]

OnRobot intelligent screwdriver for fast and easy deployment

The new OnRobot Screwdriver can be deployed and redeployed for different applications in minutes, with built-in smart features—including precise torque and embedded axis control—that simplify programming and drive productivity, quality, and ROI The screwdriver allows manufacturers to automate a wide range of assembly processes quickly, easily, and flexibly. This provides welcome relief for manufacturers who are eager to automate repetitive, unergonomic, and often inconsistent manual screwdriving processes, but who struggle to integrate and program typical piecemeal screwdriving systems. Programming the screwdriver is as easy as entering the appropriate screw length and torque value into the user interface that is integrated into the teach pendant of any leading robot. With precise torque control and embedded axis, the screwdriver automatically calculates the speed and force required for consistent, accurate screwdriving. The Screwdriver can detect incorrect screw length, which can help improve overall quality and reduce scrap. With the Screwdriver’s unique “z-axis,” screws are retracted inside the tool and driven automatically once the robot arm moves into position, which reduces robot arm movement and additional programming. Screws up to 35mm long are retracted completely inside the Screwdriver when moving until the screwdriving process is safely initiated, enhancing its collaborative capabilities. The Screwdriver can handle a wide range of screw sizes and lengths, from 1.6mm to 6mm diameter, and up to 50mm long. With its simple programming and easily exchangeable bit system, the Screwdriver can be quickly changed over to a different screw size, length or product line in minutes, which minimizes downtime and improves productivity. “This is one of our most advanced products to date,” says CEO of OnRobot, Enrico Krog Iversen. “We’ve designed an automated screwdriving tool that simplifies a highly complex process for our users, making it cost-effective and easy for manufacturers to see fast results in terms of higher uptime, […]

Proximity sensing, alerting and contact tracing software launched

Timely solution helps customers implement comprehensive reopening strategies. Zebra Technologies Corporation has launched Zebra MotionWorks Proximity. The solution offers proximity sensing with user-level alerting and contact tracing to enable employers to help protect their employees’ health while in the work environment. Governments around the world have issued guidelines requiring employers to develop and implement appropriate policies such as, but not limited to, social distancing, contact tracing and disinfection. Zebra’s MotionWorks Proximity solution meets the requirements outlined in the guidelines and the needs of many enterprises looking for a viable option to enhance their reopening strategies. “The health and safety of our employees has been our utmost priority and Zebra stands firm in protecting our front-line workers and those returning to the offices,” said Fang-How, Lim, Regional Director for Southeast Asia, Zebra Technologies. “Various teams across our company came together to define, develop and deploy a proximity tracing, alerting and contact tracing solution within one of our largest distribution facilities. It is currently available for our customers to deploy and protect their employees working in manufacturing and warehouse environments.” Zebra’s solution provides proximity and contact tracing insights, dashboards and reports to employers as well as individual proximity alerts for the employees. The data is tied to an employee ID or anonymised user ID, allowing for actionable insights by the employer while allowing for the privacy of individuals, unlike other public contact tracing solutions. Accurate, automated contact tracing can help companies quickly identify exposed employees for testing, potentially limiting widespread facility closures. Leveraging Bluetooth Low-Energy (BLE) and WiFi, the software solution is hosted in the cloud, implemented quickly and managed remotely by Zebra, eliminating on-site professional services. It doesn’t require new infrastructure and can be leveraged on existing supported Zebra Android devices or new devices available in different form factors and price […]

Gage ideal for these times

The accurate 3D portable coordinate, measurement machine the Faro Gage, is. ideal for small and medium-sized businesses performing high-accuracy tasks. The Gage is the most intuitive, ergonomic, and versatile articulated portable FaroArm, enabling machine shops to perform their most demanding 3D inspections in record time. The all-in-one-solution also reduces calibration costs and minimises clutter, replacing traditional hand tools such as calipers, micrometers, and height gauges, while providing 20 percent more reach than the previous-generation Gage arm. Lightweight and portable but with the precision of a lab instrument and the ruggedness of a shop floor device, the Gage sets up in seconds, reduces inspection time, and delivers quality results with exceptional flexibility, resulting in increased speed and productivity. When it comes to measurement equipment value; accuracy, portability, speed and affordability matter, Too often machine shops rely on expensive and hard-to-use fixed CMMs that take up valuable floor space or a multitude of hand tools that slow down the process. The Gage eliminates these inefficiencies. As a result, inspection bottlenecks are greatly reduced, measurement accuracy is improved, and operator variability is significantly minimised. As the world begins emerging from the Covid-19 pandemic, the value proposition for such a product could not be clearer. While global industry is presently suppressed, economists predict a robust recovery by Q3 and Q4. That means that many machine shops now operating at half speed will rapidly ramp up production. Demand will surge and products will require fast-tracked release. The Gage achieves this aim by improving efficiency and productivity. That efficiency begins with setup. A universal quick mount ensures compatibility with a variety of mounting options that allows it to be set up anywhere, including on-machine. A simple 2-button design, 6-point articulation and built-in counterbalance deliver exceptional ease of use and fatigue-free operation. Its […]

NetFoundry announces game-changing partnership with dtac

NetFoundry, leaders in cloud-native networking, has announced that it is entering a partnership with one of South Asia’s leading telecom operators, dtac. Together the companies are introducing a new network service to the industry: SmartConnect. dtac today serves millions of customers in Southern Asia addressing their business networking and cloud connectivity needs. dtac has built a robust and fully redundant network that runs on 90% fibre. They are the first and only operator to deploy TDD & Massive MiMo, strengthening their position as the most advanced operator in Thailand for 5G readiness. SmartConnect is set to put dtac on course to become the leader of 5G and cloud transformation in Thailand through NaaS, Infrastructure as a Service and its IoT and SaaS applications. The partnership in particular is set to focus on a game-changing outlook on NaaS which will combine service bundling with cloud and connectivity to increase the value proposition substantially. Furthermore, dtac’s influence in the telecom sector will be significantly enhanced by utilising NetFoundry’s global partnership with Amazon Web Services, Google and Azure by progressing the way in which service users can access and operate within the cloud. “dtac’s capacities and solutions are enabling the seamless communication modern workers need to operate at a new ‘normal’, – particularly in light of COVID-19 – enabled by a reliable and secure network. Our new partnership with NetFoundry will make this possible and boost our 5G capabilities to new levels. With SmartConnect our networks are quicker, safer and easier to operate than ever before” said Rajiv Bawa, Chief Business Officer of dtac. “With the launch of dtac smart connect services, our first priority will be to give the “remote worker enablement “ a new face via this next generation solution for the enterprises & SME of Thailand market who are struggling […]

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