Commodity prices continued to surge in December, with energy commodities spiking 15% and non-energy commodities jumping 4,7%.
There is a lot of buzz surrounding industrial analytics, artificial intelligence (AI) and machine learning (ML). However, companies are not limited to taking large and costly decisions when it comes to exploring the possibilities.
Globally, purchases of imported iron ore totaled US144.5 billion in 2019. Overall, the value of iron ore imports for all importing countries increased by an average 58.1% since 2015 when iron ore purchases were valued at $91.4 billion. Year over year, the value of iron ore imports accelerated by 23.6% from 2018 to 2019.
The packaging industry is no stranger to robotics, having implemented robots long before the digital revolution. Though packaging robots may not be anything new, the COVID-19 pandemic has put renewed emphasis on their utility. The use of robotics in COVID has proved how integral these machines are to the industry's success.
Worldwide exports of electricity-powered automobiles were worth a total US$25.7 billion in 2019. That dollar amount reflects a 207.4% increase from $8.4 billion in 2017 and a 123.1% gain since 2018.
Commodity prices rose sharply in November, with energy commodities up 6,4% and non-energy commodities up 4,4%.
As barriers between human activities and robotic capabilities diminish — moving beyond the fenced activities of last-generation industrial robots — new collaboration and workflow models are bringing humans and robots together in industry.