Business News

Discover the Nutraceuticals Industry at Vitafoods Asia

Visitors to the upcoming Vitafoods Asia Exhibition and Conference in Singapore, 11-12 September 2018, will discover a rich learning environment to discover all aspects of the development and application of nutraceuticals, through to product positioning, branding and marketing, inclusive of how to overcome regulatory challenges in various markets. Health care spending in the Asia-Pacific region is anticipated to double by 2050, opening opportunities to market alternative remedies and fortified foods. Across Asia, and especially in China and India, increased disposable income, coupled with ageing populations, are impacting the prevalence of lifestyle-related diseases, along with blood pressure, diabetes, or cardiac diseases. Inadequate nutrition, due to busy lifestyles, and the high cost of healthcare are also factors. Joint health, gut health, bone health and weight management are expected to be future demand drivers. Asia Pacific is now the largest regional market for dietary supplements and vitamins. Malaysia and India for instance, are grappling with the impact of rapid urbanisation on the diet. Demand functional, hearty-healthy foods, for example, is rising. Aside from products developed in Western societies, across the region, consumers are buying products that are enriched with locally-sourced compounds and functional ingredients like probiotics, fibre, calcium or vitamin E; herbs such as tongkat ali and ginseng; along with cultured milk drinks; probiotic yogurts; and cereals that are fortified with fibre; plus, Omega-3 fortified eggs. Vitafoods Asia showcases key suppliers of such ingredients and raw materials that are used in functional foods. Alongside these suppliers, visitors to the exhibition can source contract manufacturers and private labellers, as well as finished goods manufacturers. To tackle alertness and reduce calorie consumption, as well as hydrate with performance additives, athletes and gym enthusiasts in countries like China and India are driving demand for nutrition through functional beverages. Energy drinks, sports drinks & nutraceutical drinks are the fastest […]

How to have a good Fourth Industrial Revolution

Trees, please: Take a break from technology. To encourage people to examine the impact of technology on our lives, the artist Lauren McCarthy decided to try to become a human version of amazon.com’s smart home intelligence device Alexa. McCarthy installed a network of remote-controlled smart devices, from cameras and microphones to light switches and appliances, and invited volunteers to stay in her home. Then she tried to anticipate and respond to their needs – like making a bowl of popcorn when she guessed they were hungry—instead of just responding to commands like Alexa does. Get-Lauren touches on common anxieties, starting with the questions of what humans can offer that machines cannot, and what control each of us has over our future and even who we are. “By allowing these devices in, we outsource the formation of our identity to a virtual assistant whose values are programmed by a small, homogenous group of developers,” McCarthy wrote. The Fourth Industrial Revolution has ushered in new technologies that are changing where and how many of us work, what we buy and how we buy it, what we learn and what we delegate to our devices, and how we connect with each other. It’s easy for even tech-savvy individuals to feel that we are helpless in face of these tectonic shifts. What can a single person do? What power does anyone have amid massive social and economic changes? What is within our control and how do we adapt to what is out of our hands? Simply asking those questions is a good start toward managing technology instead of letting it control us. Seeking to understand the changes underway helps us to feel that we are doing something instead of facing complete uncertainty. Assessing how we use technology in the workplace, home, and community helps […]

First Pacific Patrol Boat launched

The first of 21 Guardian Class Pacific Patrol Boats to be designed and built by Austal has been launched. The launch of the first vessel comes just two years after the contract was awarded to the Australian shipbuilder. The first vessel is now scheduled for delivery to Papua New Guinea in late October 2018. The launch of the first Pacific Patrol Boat is a milestone for Austal, with the Pacific Patrol Boat Replacement (PPB-R) program marking the company’s first steel ship program. “Austal is proud to be delivering the PPB-R program for the Commonwealth. This is the first steel ship program we have managed and we are doing so on time and on budget,” Austal chief executive David Singleton said. “It is a testament to the skills, experience and management of the Austal PPB-R team that the first vessel has met its project milestones for design and build, on schedule. The overall construction program is well underway, with vessels two and three in build and the fourth vessel commencing construction in June.” Singleton said the program will support 200 direct jobs at Austal and 200 indirect jobs in the broader Australian industry in a program that now extends out to late 2023. This employment is in addition to several hundred jobs at Austal created by a number of large commercial export contracts currently under construction and planned for construction at the Henderson shipyard. “We are already working on export opportunities leveraging off the Pacific Patrol Boats, which will assist Australia to sustain its sovereign naval shipbuilding industry. Austal has already delivered over 40 patrol boats to international customers around the world,” Singleton said. The Pacific Patrol Boat contract was awarded to Austal in May 2016, worth $305 million for the original 19 vessels and associated in service support, with a […]

The Interview: FARO

Spokesperson: CHEW Beow Kwan, Product Marketing Associate Manager, Asia Pacific, FARO Technologies. Please tell us what BuildIT Construction is all about? The BuildIT Construction software leverages on FARO’s cutting-edge 3D metrology capability. FARO is to first to offer this fully integrated building lifecycle Quality Assurance (QA) and Quality Control (QC) management tool empowering construction professionals to continuously evaluate projects with real time comparisons against CAD designs using 3D scan data. The software from FARO uniquely enables laser scanner users to perform immediate, real-time build and verify analysis throughout the entire project, and facilitates a new level of cost management and operational efficiency. BuildIT Construction can be fully integrated with 3D data collected from FARO Focus Laser Scanners, optimised for the FARO TracerM Laser Projector for placement and layout of structural components and is compatible with the FARO Laser Tracker for prefabricated modular positioning. It can also be used seamlessly with other third-party hardware. Where do you see this software being used most? Application areas that will benefit most from the BuildIT Construction software include Architecture, Civil Engineering/Surveying, Construction, Facility Management, Historical Preservation, and Mechanical, Electrical and Plumbing (MEP). AEC professionals will find the software useful for: ⁃ Verifying accuracy of scan data to design models ⁃ Detecting incorrect placement or missing features such as walls, columns, beams, pipes, etc. ⁃ Performing important measurements accurately and quickly ⁃ Inspecting construction for adherence to building standards ⁃ Verifying shifts and movements within structural performance over time with 4D analysis ⁃ Performing real time monitoring of adjacent structures throughout the project lifecycle Is there a lot of construction underway across ASEAN? Prospects for construction in the ASEAN region is generally bright. According to the Global Construction 2030 Report , the ASEAN construction market is expected to exceed US$1 trillion by 2030, with growth […]

Technicians using computer in server room

The promise of the edge and IIoT in Asia’s manufacturing industry

Dave Laurello, CEO, Stratus. To remain competitive in today’s always-on world, organisations require near-instant access to data and resources. That’s where the edge comes into play: the place where computing occurs, in between the data centre and the cloud. In Singapore and Asia, edge computing poses a great opportunity to enable improved real-time decision-making – especially in Asia’s booming manufacturing sector. In a rapidly growing industry, the Industrial Internet of Things (IIoT) is lighting the way for a highly automated future. The IIoT refers to a combination of intelligent computers and devices that enable instant data sharing and automated processes in industrial manufacturing. The IIoT is set to revolutionise manufacturing by providing accessibility to large amounts of data at far greater speeds. According to a report by Boston Consulting Group, Five Profiles That Explain China’s Consumer Economy, GDP growth in China, the world’s second largest economy, has slowed from more than 10% in 2010 to around 7% in 2017. To remain competitive, Asian economies – once reliant upon low-cost labour and exports – are under pressure to adopt smarter technologies, such as robotics and the IIoT. Going forward, it is predicted that smart technologies and IIoT networks will allow industrial organisations to break open data silos and connect people, data and processes like never before, from the factory floor to executive offices. Automation and the future of manufacturing – So where does edge computing fit into all of this? The promise of edge computing in industrial environments means switching into the right device in near real-time to drive faster decision making. For this to work, the edge device and its embedded software, edge servers, gateways and cloud infrastructure must be up-and-running correctly at all times. According to a recent report by ARC Advisory Group, Is IIot Living on The Edge In […]

Delivering enterprise Robotic Process Automation (RPA)

Fujitsu Limited and Blue Prism Group PLC will be working closely together to deliver Blue Prism’s market leading Robotic Process Automation(RPA)(1) offering to enterprise clients across a wide range of industries. With the acceleration of digital transformation in recent years, the use of RPA has drawn attention in the context of automating processes to achieve improvements in productivity and quality of service. As Proof of Concept (PoC) and full-scale RPA deployments gain traction and wide scale adoption, Fujitsu and Blue Prism have agreed to collaborate to meet this demand. Through this collaboration, the companies intend to support the creation of a framework for customers in Europe, North America, Japan and beyond to launch, operate and entrench, and grow their RPA-related activities. They will do this by applying Fujitsu’s AI and other cutting-edge technologies to Blue Prism RPA software through joint planning, proposals, and proof of concept creation for solutions, building on Blue Prism’s proven record of delivering large-scale enterprise systems around the world. Blue Prism was named one of MIT Tech Review’s 50 Smartest Companies for 2017, as well as being the winner of the 2017 UK Tech awards. The company has also been recognized by Everest Research as an RPA market leader in their PEAK Matrix Assessment report in 2018. Billions of transactions and hundreds of millions of hours of work are executed on Blue Prism robots for renowned companies. (1) Robotic process automation (RPA) Software can automate and improve the efficiency of white-collar processes, in particular, by substituting software robots for defined tasks that were previously done by people. It has also been called digital labour, because it can execute processes as a supplement to people.

Can North Korea open for business?

It’s early days. It was a momentous occasion the meeting between Kim Jong Un and Moon Jae In and here’s hoping for better times for the divided Koreas – to become as one or at least open North Korea to become a more open society. If the change comes about then it can be the difference between the light being on and the light being off. A light – an opening up of their society and markets and the freedom to trade throughout Asia and the world in the future. Why not think like this? Let us change the perception that the kingdom with a mark against it can’t change. That they can be part of a brighter future and that it doesn’t all have to do with the United States. This needs to be the positive message we can all be part of. So, let’s take small steps…let’s not get ahead of ourselves. Let us consider that in the future North Korea can be part of each of our company’s business negotiations through trade, creating opportunities for that country as part of a positive, go-ahead Korea.

Vricon Precision 3D Registration (P3DR) available

Vricon unveiled the next in a series of GEOINT solutions — Vricon Precision 3D Registration (P3DR) — at the year’s GEOINT 2018 Symposium in Tampa, Fla. Vricon P3DR is a software suite designed to automatically georegister imagery, regardless of collection platform, against the most accurate 3D geospatial foundation available, The Globe in 3D. P3DR can be implemented as a real-time processing workflow for imagery feeds without the need for GPS location, heading information, or ground control points. While we’ve always been able to perform georegistration of individual data sets using 3D models as an accurate foundation, Vricon P3DR takes this capability to a whole new level. Users now have multiple options for where and when they can automatically georegister their FMV or other imagery sources in real-time and at an enterprise scale. Precisely locating geospatial data from different sources is a persistent challenge for the geospatial community. Imagery data is collected at different times, on different platforms, and with different look angles, sensor characteristics, and raw pointing accuracies. High-off-nadir Full Motion Video (FMV) is particularly challenging, given the relatively narrow field of view, high resolution, and often poor initial pointing accuracy of the sensors. All of these complexities yield data sets that are significantly misaligned with each other and the real world. The alignment is often off by tens or even hundreds of meters. As a result, users are unable to automatically correlate multi-sensor data, making it difficult to fully leverage collection assets on critical targets. This also creates additional work for analysts, who spend hours trying to align various image sources. Vricon P3DR software — enabled by Vricon’s Globe in 3D — provides a way to quickly and accurately georegister data anywhere on the globe. Vricon P3DR provides critical accuracy enhancements to other ISR sources, enabling GEOINT data to be used to […]

Three game-changers for the manufacturing industry in 2018

Antony Bourne IoT being built into the product design, manufacturers adopting a more service-centric business model, and 3D-printing reaching the tipping point of realizing business benefits on a large scale. These are the three game-changing predictions that Antony Bourne, IFS Global Industry Director of Industrial and High-tech Manufacturing outlines for 2018. 1) By the end of 2018, over 50 percent of manufacturers will be building IoT technology into the design phase of their products. In 2018, IoT will take a decisive step forward in its evolution. If we once thought of IoT as a product’s nervous system, this year will see it grow from picking up signals at the periphery to being the brain of the product, constantly sending, receiving, growing and gathering information, from the center of the product throughout its lifetime, and in the process enabling new services and revenue streams. Manufacturing is undoubtedly heavily impacted by IoT today. According to Global Market Insights, IoT in the manufacturing market was valued at over US$ 20 billion in 2016 and will grow at more than 20 percent up to 2024. Current IoT investments that are unique to the manufacturing environment are taking place in three major initiatives: Smart manufacturing to increase production output, product quality, or operations and workforce safety as well as lower resource consumption Connected products to impact product performance, including collecting detailed information on products in the field, remote diagnostics and remote maintenance Connected supply chains to increase visibility and coordination in the supply chain, tracking assets or inventory for more efficient supply chain execution We will see IoT included as a part of the design process in all three of these IoT initiatives. Manufacturers are realizing that by engineering IoT technology into products and equipment already in the design process, you can monitor not only […]

Konecranes strengthens its bulk handling presence in Japan

Konecranes Gottwald Model 4 Mobile Harbor Cranes handling bulk material. A similar crane will handle coal and coconut husk in the Japanese Port of Miike. Konecranes is supplying an eco-efficient, diesel-electric Gottwald Model 4 Mobile Harbour Crane to Miike Port Logistics (MPL). MPL will begin to operate the crane – which was ordered via Chikuho Seisakusho Co., Ltd. (CS) – at the end of 2018 at its terminal in the Port of Miike. The machine will be dedicated to bulk handling, mainly of coal and coconut husk. MPL has been operating a smaller Konecranes Gottwald Mobile Harbor Crane since 2006. This crane has been handling different types of cargo, including bulk, with a motor grab. Miike’s new mobile harbor crane will replace an ageing bulk gantry crane. Makoto Aso, President, CS, explains: “Bulk handling technology from Konecranes has proven to be very productive and reliable at many terminals around the world. MPL has been very impressed by the performance of their Konecranes cargo handling equipment to date. It was logical to opt for a Konecranes Gottwald Mobile Harbor Crane in order to further expand our bulk handling activities.” Holger Schauer, Regional Sales Manager, Konecranes Port Solutions, says: “We are pleased that the fleet of Konecranes Gottwald Mobile Harbor Cranes at Japanese terminals is growing. Since 2003, we have delivered one Model 2 and nine HMK 170 E mobile harbor cranes, the predecessor of Model 2, to nine terminals around the country. The new crane will be the first Model 4 mobile harbor crane to be operated in Japan.” The four-rope grab crane has a maximum lifting capacity of 95 tons, an outreach of up to 46 metres and a high-performance grab curve. To meet the special requirements in Japan, Konecranes will deliver the crane with an additional overload indicator.

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