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ProMat Keynote Day 2: Smart machines to transform industry and jobs U.S. Roadmap for Material Handling & Logistics: Version 2.0 released today ProMat 2017 expands into two halls; ready to hold record number of exhibitors, attendees ProMat Show Preview 2017 Despite signs of progress, Federal Railroad Administration calls PTC implementation ‘uneven’ More Events News Unwrapping the Hidden Value of a Parcel System The growth in e-commerce sales and omni-channel distribution has forced more shippers to re-evaluate the way they handle parcel shipments. All Resources The new breed of intelligent machines that are core to Industry 4.0 will eliminate waste in supply chains and enable new business models, but industry also needs to think about how smart machines will disrupt jobs, said Markus Lorenz, partner and managing director at Boston Consulting Group, Tuesday’s keynote presenter. An expert on Industry 4.0—the fourth industrial revolution concept that takes in smart, connected machines and the Internet of Things (IoT)—Lorenz explained how machines like cranes at ocean ports are becoming smart enough to weigh containers as they are loaded and optimize load balancing, leading to fuel savings for ocean freight companies, and a loading-as-a-service business model for crane manufacturers. Similarly, smart machines such as autonomous picking robots are leading to change in warehousing, Lorenz said, in part by using sensors and vision technologies to be able to do things like see and sense which produce is freshest, and quickly pick and sort items to ensure retailers get fresh goods. IoT-based monitoring of food shipments and smarter machines in production plants can help eliminate much of the product loss in the food industry, Lorenz said. Using IoT sensing, he said, “You can basically see what happens to your products once they leave the factory.” Lorenz said it is clear that intelligent machines will lead to […]