Since Vietnam joined the International Coffee Organization (ICO), the coffee industry has experienced three crises, with the first occurring in 1991 when the ICO removed the quota system, causing the price of Arabica coffee to drop from US$4,000 per tonne to US$3,000 per tonne. The second happened in 2000 when the price of Robusta coffee dropped to US$400 per tonne, and the third took place last year when the price fell by between US$1,300 and US$1,400. Addressing this thorny issue, almost all coffee businesses have participated in e-commerce trading platforms, marketing the products in London and New York. Private firms have also moved to swiftly set up websites in order to sell their coffee products online, with on-demand home delivery services witnessing rapid growth. Aside from serving customers at coffee shops, take-away services have also been added to allow customers to increase the efficiency of doing business whilst simultaneously ensuring COVID-19 preventive measures … [Read more...] about Coffee industry seeks to weather COVID-19 crisis
Derek Ong, Electronic Industrial Software Solutions manager, Keysight Technologies Squeezing every last drop of productivity from invested manufacturing equipment on the factory floor was the goal, and hence a lot of focus was on downtime and throughput. Predictive maintenance and asset utilisation are important business outcomes from any successful Industry 4.0 implementation. Then COVID-19 happened. Other than the race to 5nm chips, 5G, and cloud computing, some sectors of the electronics manufacturing industry have seen a drastic drop in volume, leading to a surplus of production assets on the floor. For some, machines have idled. For others, COVID-19 has caused massive supply chain disruptions. The necessary steps taken by governments around the globe to manage and halt the spread of this epidemic, has restricted movement of factory employees and subsequently lowered productivity and output. The trade situation between the US and China has forced manufacturers to shuffle … [Read more...] about Manufacturing analytics in electronics industry – Pivot to quality in the “New Normal”
In the last decade .their investments in Vietnam swelled by an average of 13 percent a year. By the end of last year their total investment was only around $13 billion, not enough to put Thailand in the top five list, but still managed to have large market shares in several sectors by concentrating their investment in a handful of sectors. In the retail sector, some leading supermarket chains are controlled by two Thai companies, Central Group and TCC Group. Central Group, Thailand’s leading retailer, which belongs to the Chirathivat family, started off in Vietnam as a fashion merchandiser in 2012, distributing products from brands such as SuperSports, Crocs and New Balance. In 2015, it acquired a 49 percent stake in electronics retailer Nguyen Kim through its subsidiary Power Buy. In the same year, it bought out supermarket chain Lan Chi, which operates mainly in northern rural areas. In 2016, it bought supermarket chain Big C Vietnam from France's Casino Group for over $1 … [Read more...] about Which sectors in Vietnam are dominated by Thai companies?
ZURICH: ABB unveiled two additions to its robot family on Wednesday which the Swiss engineering company expects will tap into increased demand for automated production after the COVID-19 crisis. More companies in pharmaceuticals, logistics, electronics and food and beverage manufacturing want to use robots, ABB said, with investment set to increase as companies emerge from lockdowns. ABB, which saw a 90% surge in robot sales in China at the end of 2020, hopes the GoFa and SWIFTI collaborative robots - or cobots - can win orders from customers who have been forced to shut down during lockdowns or have struggled with ill workers. "Customers want to be independent of these fluctuations in future," said Sami Atiya, head of ABB's Robotics & Discrete Automation business. "The question of resilience has become fundamental," he told Reuters. "The pandemic has accelerated the mind-shift." The big advantage of robots - they don't catch coronavirus - has led to ABB supplying … [Read more...] about ABB’s robots to meet post pandemic demand for workforce that never gets sick
The United States has become increasingly reliant on imports of these goods - a potential national security and economic risk that the Biden administration hopes to address with the planned 100-day review and the possibility of increased domestic production, according to administration officials who insisted on anonymity to discuss the order. However, Biden will also look to work with international partners to ensure a stable and reliable supply chain. The order being signed Wednesday will include sectoral reviews to be completed within one year for defense, public health and biological preparedness, information communications technology, energy, transportation and food production. Over the past year, the fragility of vital supply chains has been revealed repeatedly. The coronavirus outbreak led to an initial shortage of masks, gloves and other protective medical equipment. Automakers in the United States and Europe are now dealing with a shortage of computer chips. … [Read more...] about Biden to order a review of US supply chains for vital goods