Industry Insights & Trends

AI in B2B manufacturing and distribution

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There were ten facts identified about cobots, robotics, AI in supply chains, self-driving vehicles in manufacturing, and digital twins. Some interesting data points are that by 2020, cobots are expected to be operating about 150,000 bots, and 50 percent of mature supply chains will have started using AI. More information can be found below.

  • By 2020, cobots (collaborative robots) are expecting a market surge of around $3 billion and 150,000 in-use units.
  • Cobots accounted for approximately five percent of the world’s industrial robot sales back in 2016.
  • Epson Robots, Kawasaki, and Nachi-Fujikoshi are three of the top industrial robotics companies headquartered in the US.
  • Robotics and AI in manufacturing has been identified by the National Counterintelligence and Security Center (NCSC) as an “area under threat from foreign espionage”
  • AI provides contextual intelligence to supply chains that helps they reduce costs and improve inventory management.
  • Three significant areas for AI in supply chain application would be predictive analytics for demand forecasting, AI for warehouse management, and chatbots in procurement.
  • A company named Seegrid makes autonomous pallet jacks, forklifts, and other factory vehicles.
  • Otto Motors launched the first AI self-driving forklift truck in 2018.
  • Digital twins are a simulation of a real-world system that allows product designers to test product variations quickly and easily.
  • Four digital twin manufacturing application are engineering, design customization, production, and operations.
GLENN TREVOR
Glenn is the Lead Operations Research Analyst at Simple Manifestation with experience in research, statistical data analysis and interview techniques. A holder of degree in Economics. A true specialist in quantitative and qualitative research.

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