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How Emerging Technologies Impact Manufacturing Sector: Emerging Technologies: Are they Development or Disruption for Manufacturing Sector? Exponential technologies are disrupting workplaces, especially in the manufacturing sector. Robotic process automation (RPA), Artificial Intelligence (AI), Machine Learning, and Internet of Things (IOT) have clearly redefined the business models of manufacturing companies. Though in the past, people have been apprehensive about this human-robot collaboration to make headway on the factory floor, but more than that, it is a matter of keeping the workforce abreast of the times. The manufacturing sector is gearing up for networked factories where production lines, supply chains, quality control and design teams are integrated into a high-tech engine that offers actionable insights. Contrary to those who fear human jobs being lost to automation, the manufacturing industry will be propelled by AI-driven enhanced efficiency, agile production, and real-time decision making, allowing the workforce to focus more on innovation. Areas such as seeking new consumer insights and understanding product personalisation requirements will evolve into potentially specialised roles where people will be expected to oversee automated work flows to deliver a bespoke service or product. Though the Indian manufacturing sector has been a late entrant, they need to adapt to these changes. Experts in the industry say a different kind of skillset, which didn’t exist a decade back has become a prerequisite to march into a new future. The Future: The manufacturing sector is gearing towards reducing the digital talent gap and becoming future ready. The government is going deep on critical infrastructure, policy, regulatory, and skill-related issues and introducing reform that is spurting the growth of the sector and increasing career prospects. The Indian auto industry is one of the largest in the world responsible for nearly 7.1% of the country’s Gross Domestic Product (GDP). States such as Tamil Nadu and Maharashtra are viewed as the nation’s auto hubs that can attract young aspiring engineers. Globally, India occupies the 5th position in the food processing industry with increasing exports in grains, fresh produce, beverages, and dairy products. The sector’s ability to absorb excess labour from the agricultural sector is the driving force behind its importance. Similarly, the growth in sectors like telecom, consumer electronics, and IT has propelled the Indian electronics market, opening avenues for fresh graduates to kickstart their careers. It is now that candidates need to upskill themselves in line with the industry changes and strive to be more relevant to the evolving job demands. Daksh Tools is a leading manufacturer & supplier of precision sheet metal components, assemblies and sheet metal fabrications in India, offering the full range of subcontract engineering services.
Stamping Parts Fostered with a team of highly experienced professionals, we have been able to manufacture, export and supply Stamping Parts for over 45 years. These parts are extensively used in various applications for fitting and fixing purpose. The offered parts are designed and manufactured under the supervision our engineers by making use of supreme class sheet metal and cutting-edge technology as per the set market norms. To meet the exact need of our clients, we offer these Sheet Metal Parts in different specifications at an economical price range. Daksh Tools offers a wide range of Metal Stamping services from simple blanking tools to complex die stamping. We have an in-house designing and engineering of custom dies. We have the ability to stamp most materials including heat-resistant abrasive alloys, ferrous or non-ferrous alloys, and other exotic metals. We can prototype samples or small volume orders or long run cost effective stamping solutions, and manufacture your custom parts and components. We also provide a variety of value-added services including Degreasing, Packaging, Assembly/Sub-Assembly, and more. Signature Metal Stamping Capabilities Custom Stamped Metal Parts Existing Die Repair and Maintenance In-house Tool Design and Fabrication Metal Stamping Precision Metal Stamping Heat-resistant Metal Alloys, Ferrous, Nonferrous and Exotic Metals Stamping Dies Prototype Metal Stamping Short Run Stamping Value-Added Assembly Services Cleaning & Painting Heat Treat & Plating De-burring & Tumbling Features: Strong construction, Corrosion resistance, Accuracy, Custom fabrication
Will Manufacturing be India’s Future? Post US Presidential Elections 2016, Rising protectionism and Automation have emerged as the biggest challenges for emerging markets like India and China. Economics experts say that it is the time for India to switch from Manufacturing to the Services sector which can drive the Indian economy to the pinnacle of success. How Manufacturing Can Benefit the Agricultural Sector? Agriculture, which currently employs nearly 45% of the workforce, is obviously not to be neglected. The point, instead, is that those currently deriving their incomes from agriculture would greatly benefit from accelerated growth in manufacturing. • Nearly 50% of India’s farms are less than half a hectare, a size too small to yield adequate living standard for a family of five. Owners of these farms will benefit directly if one or more of their family members found good jobs in manufacturing and services. Those continuing to cultivate will benefit from increased land per farmer as some farmers migrate to manufacturing and services. • Dynamic services sectors such as: Software and Finance generate relatively few jobs. Tourism, Transportation, and Construction hold greater promise but their growth is highly dependent on the performance of the Manufacturing Sector. For example: Transportation sector flourishes when manufacturing sector generates demands for its services. Likewise, tourism and construction are spurred by higher incomes generated by manufacturing. Can Manufacturing Sector Create Sufficient Jobs? Two arguments have been offered recently in support of a negative answer to this question: rising protectionism around the world and automation. • The First argument says that when South Korea, Taiwan, and China transformed, markets were relatively open. Therefore, these countries could take advantage of scale economies in manufacturing by exporting their products in large volumes. The same option is not available today due to rising protectionism around the world. • The Trade tensions, especially between the United States and China, the global economy is far more open today than in the days when South Korea and Taiwan transformed. Indeed, it remains more open than even during the 1990s and the early 2000s when China transformed. Much of the liberalisation under the Uruguay Round Agreement was implemented between 1995 and 2005 and remains intact. • The Second argument, automation, says that with advances in technology, manufacturing is becoming highly automated and it will move back to the developed countries. This argument too has been grossly overstated. It is true that automation is on the increase and perhaps at a faster pace than in the past. Yet, many tasks remain far from being automated at the technical level while many others, though technically feasible, are commercially unviable. The Global Scenario: The Global Market in Merchandise exports worth US $15 Trillion today. The share of India in these exports is only 1.6% compared with 12% of China. Even if the export market were to shrink by one or two trillion dollars in the coming years, India could more than double its exports by raising its share in the world market to 5%. This is not an infeasible proposition: China’s share in the world exports as recently as 2000 was only 4%. Rising Automation Across the Globe: • Nothing illustrates the limits of automation better than the efforts by Adidas to automate the manufacturing of sneakers. At the end of 2015, the company had opened its first high-tech speed factory in Germany, which produces sneakers using intelligent robotics technology. More recently, it has opened a shoe factory that uses 3D printing technology. • According to Mr. Kasper Rorsted, CEO of Adidas, “full automation of sneaker manufacturing is unlikely in the next 5 to 10 years. Currently, Adidas produces only 1, 000, 000 out of its total production of 360, 000, 000 pairs in automated factories. When asked whether manufacturing is poised to return to the United States and Europe, Rorsted says, “I do not believe, and it is a complete illusion to believe, that manufacturing can go back to Europe in terms of volume.” He adds that – “despite political interest in the United States to bring back manufacturing, it is financially “very illogical” and unlikely to happen. What is true of shoe manufacturing is even truer of apparel, where we are still to see the appearance of the first factory that automates manufacturing as much as the German Adidas factory has done for shoes. And the global apparel market is huge. Think of apparel demand in Asia alone, which has a population of 4.6 billion. And with its high and rising wages, even China will soon begin to satisfy much of its apparel demand from imports. Nations that manage to capture this market will create vast numbers of good jobs for their citizens. India can scarcely afford to pass on that opportunity.” Content courtesy: Power2SME
Leading Entrepreneurial Success Today-How to Ensure Your Small Business Survives: Whilst booming with young entrepreneurs and start-ups, 90% of small businesses in India fail, according to a study by IBM. Arguably the driving force behind the country’s economic growth, and flourishing amidst a challenging environment, the MSME sector in India has experienced several highs and lows in the last few years. One contributing factor to this is that, even today, SMEs are set up by entrepreneurs with innovative products or services, but with little or no knowledge of running a business. Other reasons include lack of skilled workforce, funding and poor business ethics, amongst others. Some factors that can contribute to the success of your MSME, are as below: • Market Analysis: Market research should not be done as a one-off activity while launching a business. With the constant change in the micro and macro ecosystem, it is imperative to continuously analyse these factors to avoid acting on out-of-date information. As a business grows, the competitor base also proportionately grows, and a market-leading offer might lose its USP over time. Furthermore, it’s also key to understand the product lifecycle to maximise overall profitability. Developing an in-depth understanding of the customer behaviour will help the product offering to remain relevant. Regular communication with customers, suppliers and other business partners are importance sources of market information. • New Avenues for Business: While entrepreneurs manage to fund their operations, what remains lacking is the ability to scale. Most businesses have extremely limited expansion plans. It is crucial to keep expanding the business- whether in terms of product offering, or tapping into newer markets. With the onset of ecommerce in India, it is now easier than ever to tap into new markets and grow the business on an international scale. • Innovation & Development: Entrepreneurs should also look at integrating digital advancements as a means to evolve from traditional approach to develop new products and services. R& D has a significant role to play when it comes to improving organisational efficiencies, in terms of reduced costs and integration of the latest digital technologies in their R& D to speed up the manufacturing processes. Constant innovation also allows for regular product improvement, as well as new product development, which allows for the business to stay relevant. Conclusively, every entrepreneur needs to work around the hurdles that block their path of growth, and make the most of opportunities to create a sustainable growth model for their MSME. Source:
As the world’s fastest growing economy, the Indian business ecosystem has surpassed China to become the 6th largest economy in the financial year 2017-18, and this growth can be accredited to large industries in the country. The manufacturing industry accounts for 26% of India’s Gross Domestic Product (GDP) and employs 22% of the total workforce. However, contribution from the manufacturing sector to India’s GDP has remained stagnant at around 16% for the past 25 years. As India goes through a multitude of changes in the economy, the aim is set to transform India into a global manufacturing hub. With MSMEs being the largest employers in India, providing employment to 110.9 million people, it is crucial for India to tap the potential of the MSME segment. The MSME segment is in dire need of a level playing field, with not only great policies and campaigns but also with proper implementation of those policies. Fueled by the backbone of the Indian economy - MSMEs, the Indian manufacturing sector attributes to one-third of the total GDP of the country. Along with that, India is expected to have the youngest demographic in the world with 64% of the population in the working age group by 2020. This demographic, powered with a boost in the economy holds the potential to give the country an unprecedented edge, and could add a significant 2% to the GDP growth rate, making it an extremely fertile environment for entrepreneurship. Constraints such as high cost of credit, low access to new technology, inadequate infrastructure facilities, and lack of access to international markets have factored in the growth stagnancy. For the Indian ecosystem to push the growth of the MSME sector, the following steps need to be undertaken: Access To Finance The present market conditions do not provide enough opportunities for the MSME sector for raising low cost funds. To improve the flow of credit, it is imperative to develop low cost financing solutions. A transparent credit rating system, simplification of processes to access finance and interest rate subvention are some steps that can be taken for this. Enhancing Market Access For MSMEs To withstand the onslaught of competition from large enterprises within local and international markets, MSMEs need to be able to respond quickly to evolving innovation and technology advancements. In order to sustain and further amplify the sector’s contribution towards employment generation, exports and manufacturing capabilities, MSMEs need to be provided with better market access. Access To Infrastructure MSMEs can benefit from improved infrastructural facilities in terms of economies of scales. Government programs can be introduced for integrated workspaces with the objective of establishing clusters, with facilities such as power plants, training centers and processing units available to all MSME units. Furthermore, as a consequence of expanding markets, advanced technological expertise is required for manufacturing. Provision of proper tools, skilled labour and modern technology support, which require high investments, can be developed on a cluster basis. This development process needs to be supplemented with common effluent treatment plants, proper water supply distribution, design centers and ample captive power. Conclusively, it is clear that with access to better infrastructure, enhanced markets, and proper financial solutions, along with other factors, the MSME segment has a large scope to grow and boost the GDP of India, thereby making it a true global economic powerhouse in the manufacturing sector. Source:
Ford Predicts the 7 Trends of 2019: Ford has released its 7th Annual Trends Report, an analysis of worldwide consumer behavior based on interviews with more than 13, 000 people across 14 different countries. According to the company, these surveys don't just look at behavior toward automobiles, but rather the factors that drive behavioral changes. For example, Ford found that 87% of people think that technology is the biggest driver of change, and 79% believe that technology creates positive change — it doesn’t, however, cover the 21% of people that must think technology is a force for evil. About 70% of respondents believed that humans should have a mandatory break from devices, and nearly half (45%) of all respondents admitted that they envy people who can "disconnect." According to Ford, here are seven trends that will make an impact in 2019: 1. Tech Divide — As I said before, 87% of adults think that technology is the biggest driver of change. However, 46% of Gen Z respondents (that's the crop after millennials) fear that technology is trying to get in their heads. Speaking of millennials, nearly 70% (69%) would like to undo some of the behavioral changes they have experienced as a result of technology. Before you turn your nose up at the meddling kids, 53% of baby boomers felt the same way — that technology has changed them. 57% of millennials and 46% of Gen Xers think that artificial intelligence (AI) will be stronger than the human mind within 10 years. 44% of all women and 37% of all men surveyed admitted that they were afraid of AI, and even more people (48% of men, 39% of women) admitted that they don't really understand it. 2. Digital Detox — Just put down the phone. It sounds easy enough — and 45% of people are jealous of those who can actually do it — but 39% of Gen Z and millennials admitted that they were addicted to social media. A quarter of the same groups said that they would rather lose their ability to smell than give up their devices. 3. Reclaiming Control — In the past year, 84% of all adults have taken "small steps" to improve their lives, and all but 8% have stuck to their guns. Basically, researchers found that people want to and can improve as long as they don't bite off more than they can chew. 4. Many Faces of Me — Ford's study found that identity isn't set, but rather dependant on our circumstances and environment. More than 50% of millennials and Gen Z admitted that they were more outgoing on social media. Only 17% of boomers admitted the same. 84% of all adults said that people sugarcoat their lives on social media. A shocking 74% of Gen Z respondents think that people are fighting to stay relevant. 5: Life's Work — Ford's findings reaffirmed that the work-life balance for employees is changing. For example, more than 60% of all respondents think that companies should reward employees for using all of their vacation time. 77% think that companies don't do enough to accommodate working parents. 84% believe that diverse opinions lead to positive change. 6: Eco-Momentum — People are willing to make changes as long as they know that they would make a difference. About 56% of U.S. adults would change the way they eat if they thought it would help the planet, which is dead last when compared to the 13 other countries polled. The same is true when it comes to the number of people who consider the environmental costs of each purchase — again, the U.S. respondents came in dead last. 7: Easy Street — Finally, Ford wanted to know how technology is changing transportation. 67% of all people think technology makes the commute less stressful. 43% of people in the U.S. think that self-driving cars will be safer than humans driving cars.
Sheet Metal Stamping Parts: Sheet metal stamping, a guide for beginners- A short and easy guide for beginners through the world of sheet metal stamping. Sheet metal stamping is used to transform flat metal sheets in specific shapes. Stamping of sheet metal is a process based on permanent deformation by cold forming to produce a variety of complex three-dimensional shapes. Tensile forces with high ratio of surface area carry out the process to thickness. The stamping of sheet metals is very common: this is the reason why many objects in your house are the result of a metal stamping process. An example? The metal parts of your automatic coffee machine, your pots and many components of your car. Let's see both the process and the functioning of the sheet metal stamping. Sheet metal stamping: the processes In sheet metal stamping processes are included a wide variety of associated operations: Metal blanking: sheet blanking on iron, aluminum, copper, brass and special alloys is carried out with punching and matrixes. Sheet metal deep-drawing: which can turn flat metal sheet transforming it into metal components such as cylinders, hemispherical caps, or finished products such as pots and pans or other kinds of containers. Sheet metal bending: used to obtain semi-finished products through the pressure exerted by the mold during the metal working. Sheet metal punching: achieved by using automatic CNC machines and standard or special punches and tools, is performed on iron, stainless steel, aluminum, copper, brass and special alloys. Metal threading: used to fix together two or more metal parts. Sheet metal laser cutting: performed using numerical control machines, capable of achieving the precision cutting standards foreseen during the design & engineering phase. As you can see, there’re many processes linked to sheet metal stamping; these are the main processes involved to manufacture metal parts in all industries fields: automotive, household appliances, medical, logistic and plant system sectors and infinite others. Sheet metal stamping: the functioning There’re two types of sheet metal stamping presses: hydraulic and mechanic; both use “dies” to manufacture stamped parts. The entire “die” consists in a male and female part, which work in opposition: the upperpart of the die is set on the first half of the press the second half is fixed on the lower half of the press. When the mechanical or hydraulic press is activated, the flat sheet metal, which stands between the die, reaches the desired shape. The result is always a solution which lets to produce large quantities of metal parts with affordable costs and an excellent level of precision.
Amid Global Trade War, Indian Govt. is Adopting Diversified Steel Export Policy: Conventionally, Indian steel producers undertake exports when it is difficult to market more volume in the domestic market or the external market offers relatively higher realisation. The Two Scenarios: In the first case, it is known as exportable surplus and there is no conscious effort to create a permanent destination to be explored and nurtured for future shipments and due to the inevitable nature of the exports having been undertaken to clear the inventories, the efforts to negotiate a better deal are also absent. In the second case, which is a rarity as high global prices always result in higher domestic prices, a need is felt to look for a stable destination that would offer long-time prospects with a scope for negotiating a better deal which contributes to export of value-added steel, establish a competitive supply chain and ensuring business with large institutional buyers and reputed agents. The multilateral trading pattern as the above simplistic version of the market mechanism indicates has undergone significant changes giving way to bilateral treaties, free trade agreements, and pacts amongst a block of countries. Is World Trade Organisation Losing its Significance? Objective Behind the Formation: WTO (formerly GATT) that was formed in 1990s with a laudable objective of promoting free and fair trade and framed guidelines and policies to arrest predatory pricing via anti-dumping (AD) and countervailing duties (CVD), the subsidies offered by various countries to the indigenous industries, safeguarding the interest of countries affected by sudden surge in imports and declaring policies against tariff and non-tariff barriers, played its role quite effectively during the last two decades. The Reasons for the Declining Importance of WTO: For the last 6 years, the role of WTO had visibly weakened with the signing of more than 350 bilateral agreements and a plethora of AD/CVD cases. Since 2017, the world steel trade had a paradigm shift with President Donald Trump’s emergence as the protector of the US’ economic interests and the country continued to come out with all bilateral or regional treaties (Trans-Pacific Partnership, NAFTA renamed as USMCA, among others). The Dispute Settlement Body of WTO has literally lost its relevance, although India has approached it for finding a solution to the unilateral announcement of duty hike on steel and aluminium by the US. Argentina, Australia, Brazil, and South Korea have entered into quota arrangement with the US to get access to around 25-28 MT of annual imports. China has retaliated with enhanced duties on imports from the US which is in all probability going ahead with duty hike at the end of 90 days’ deadline. India has expressed its willingness to negotiate with the US before retaliating against duty hike. While the US market has created a stiff barrier to imports from other countries, EU has identified major exporting nations like China, Brazil, Turkey, Vietnam, Ukraine, India, Indonesia, Mexico, Thailand to serve safeguard duties on selected product categories. Slumping Global Market Size: The above facts establish that global trade is currently replete with significant route barriers and steel exports now require more detailed planning on the impact of concluding the export deal on the viability of the importing country’s domestic industries. As the global market size is getting squeezed, the export penetration is becoming all the more strenuous. India could export 6.4 MT of steel in the first 9 months of the current fiscal which is 29.1% lower than last year. It is noteworthy that Nepal, Italy, UAE, Belgium, Vietnam, Indonesia, Malaysia, Spain, and Sri Lanka have emerged as the major export destinations totalling around 44% of total steel exports. Around 76% of steel exports from India comprised of HRC, Coated products and TMT/Wire Rods and Semis (Billets). Alloy and SS exports comprise 7.6% share in total steel exports during April-December 2018. The total finished steel exports comprised of only 8.4% of the total crude steel production in the country. This may be compared to a much higher share of exports out of total crude steel production by Japan (36%), Turkey (44%), Ukraine (71%), South Korea (44%), Brazil (44.5%), Russia (44%), Germany (61%), Italy (76%), France (95%) and China (9%). Japan has exported a total volume of 33.7 MT of steel during the first 11 months of 2018. China, the largest steel exporter has exported around 63.78 MT of steel during January-November 2018 which is, however, comprised of only 7.4% of CS production. It is no wonder that diverted exports by South Korea, Japan, and China from the US due to tariff hike have found access to the Indian market. These countries are therefore the maximum beneficiaries of a growing Indian steel market. The current market realisation in the Indian domestic market offers a still higher return as compared to the ruling global steel prices and therefore the urge to exports is not there. Judging from the trend of investment-led infrastructure demand and gradual rise in manufacturing sector in the country and subdued growth in demand in the regions other than the US and the EU (blocked partially or fully) , it is apparent that domestic steel prices would continue to move at a higher pitch compared to global price level in the coming months. Under such circumstances, it is pertinent that all related export activities (selecting the product wise destinations, fixing the supply chain modalities including hedging, price futures analysis) must be undertaken on a regular basis by Indian steel producers so that switching from domestic to exports at a short notice becomes easy and smooth. Close monitoring of the import trends (imports at 6.7 MT in the first 9 months is only 1.6% lower than last year making India a net importer) is also necessary. Content Courtesy: power2sme Daksh Tools is a leading manufacturer & supplier of precision sheet metal components, assemblies and sheet metal fabrications in India, offering the full range of subcontract engineering services.
How Metal 3D Printing is ‘Dramatically’ Changing the Industry: In the last few years, metal 3D printing has become increasingly popular. And rightfully so: each material offers a unique combination of practical and aesthetic properties to suit a variety of products, be it prototypes, miniatures, jewelry, functional parts or even kitchenware. One reason metal 3D printing has become such a hot topic is that parts can be serially 3D printed for mass production. In fact, some parts created with metal 3D printing are already just as good, if not better, than those manufactured by traditional methods. In traditional manufacturing, making metal and plastic objects can be a wasteful process. Plenty of chunky parts are produced and surplus material used. When aircraft makers manufacture metal parts, up to 90% of the material is cut away. 3D printing metal parts uses less energy and reduces waste to a minimum. And finished 3D printed products can be up to 60% lighter than their machined counterparts. The aviation industry alone saves billions of dollars through this weight reduction, mainly due to fuel. Although you can’t technically print with pure metal on your desktop machine, there are a number of metal-filled plastic filaments that provide a metallic aesthetic to your prints. THE LATEST IN METAL 3D PRINTING TECHNOLOGY Before we get into the basics of metal 3D printing, let’s take a glance at the latest innovations in this expansive field. Over the past couple of years, a number on new players have emerged, transforming the landscape of the traditional metal 3D printer. Although metal 3D printing is not quite at the consumer level, the technology has taken many strides. What once was confined to industrial-sized and expensive machines is now becoming accessible to small-to-medium businesses. Content Credit: Daksh Tools is a leading manufacturer & supplier of precision sheet metal components, assemblies and sheet metal fabrications in India, offering the full range of subcontract engineering services. Daksh Tools is a specialist company providing services in all aspects of precision sheet metal profiling, metal forming, precision sheet metal fabrication, and assembly work. We specialize in developing tools and manufacturing custom fabrications as per customer’s specifications in metals such as Mild Steel, Galvanized Steel, Stainless Steel, and Aluminum & Copper.