Energy commodities continued to surge in April adding 5,4% to March’s 3,3% increase.
Robotics end of arm tools (EOAT) deployed in various industrial sectors have witnessed drastic transformations vis-à-vis technology advancements and customer demand for greater levels of productivity.
Amounting to 6% of the worldwide value of all export products, global crude oil shipments totaled an estimated US$1.147 trillion for 2018. That dollar figure reflects a -18.8% decline since 2014 but a 34.3% increase from 2017 to 2018.
By 2025, over 4 million commercial robots will be installed in over 50,000 warehouses, up from just under 4,000 robotic warehouses in 2018, according to ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies.
Researchers are applying one of the first uses of deep learning -- the technology computers use to intelligently perform tasks such as recognizing language and driving autonomous vehicles -- to the field of materials science.
Energy commodities rebounded 3,3% in March, while non-energy commodities dropped 0,3%.
Although hybrid-electric cars are becoming commonplace, similar technology applied to airplanes comes with significantly different challenges. Aerospace engineers are addressing some of them toward the development of a more sustainable alternative to fossil fuels to power airplanes.