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Autonomous Ships Market: Worth Observing Growing Popularity and Emerging Trends 2030

Facto Market Insights as of late distributed statistical surveying report on the worldwide Autonomous Ships Market (2021-2030) market to its assortment of statistical surveying reports. The exploration report covers point by point examination of market measuring and anticipating of the market covering the market drivers, challenges, opportunity investigation, and patterns, alongside different key bits of knowledge in the worldwide market. The examination report additionally incorporates the investigation of territorial producers and new market players, covering all the data reasonable for the customers to settle on essential business choices in the business.
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The report covers PESTLE examination and watchman's five powers investigation which exhibits the five powers including purchasers bartering power, providers haggling power, the danger of new participants, the danger of substitutes, and level of rivalry in the worldwide autonomous ships market. In the investigation, the system of watchman's five powers examination clarifies the technique for breaking down the opposition of the business covering the business structure and the degree of rivalry in the market. Along with this, the exploration report additionally covers current realities and figures identified with the macroeconomic patterns that are expected to affect the development of the general market.
Following are the Main Features of Global Autonomous Ships Market Report:
- Market Overview, Industry Development, Market Maturity, PESTLE Analysis, Value Chain Analysis
- Growth Drivers and Barriers, Market Trends & Market Opportunities
- Market Segments by Geographies and Countries
- Porter’s Five Forces Analysis & Trade Analysis
- Market Segment Trend and Forecast
- Market Forecast Analysis for 2021-2030
- Key Market Driving Factors
- Market Analysis and Recommendations
- Price Analysis
- Autonomous Ships Market Company Analysis: Company Market Share & Market Positioning, Company Profiling, Recent Industry Developments etc.
Market Segmentation:
The exploration offers an extensive investigation of worldwide autonomous ships market concerning following sub-markets:
By Level of Autonomy
o    Semi-autonomous
o    Fully-autonomous
By Ship Type
o    Commercial
o    Passenger
o    Defense
By Fuel Type
o    Carbon Neutral fuels
o    LNG
o    Electric Batteries
o    Heavy fuel Oil/Marine Engine Fuel
Regional Insights:
The report investigations the market by geologies for example North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Further, the regions are fragmented into the country and regional groupings:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa)
Competitive Landscape
The report includes profiles of leading companies in the global Autonomous Ships Market. Some of the key players profiled include:
ABB, ASV Global, Honeywell International, Kongsberg Gruppen, Marine Technologies LLC, Mitsui O.S.K. Lines, Northrop Grumman, Rolls-Royce, Ulstein Group ASA, and Wartsila.    Reasons to purchase the report:
- Identify possible investment areas based on a comprehensive trend analysis of the global autonomous ships market over the next few years.
- Gain in-depth knowledge of the underlying factors that drive demand for autonomous ships market and recognize the opportunities provided by them.
- Identify the major channels that drive the demand for autonomous ships market, offering a strong image of potential prospects that can be tapped, resulting in growth in revenue.
- Strengthen the business knowledge in terms of industry dynamics, demand drivers, and the latest technological advances among others.
- Channelize funds by concentrating on the ongoing initiatives pursued by the numerous countries in the global autonomous ships market.
About Us:
Facto Market Insights is one of the leading providers of market intelligence products and services. We offer reports on over 10+ industries and update our collection daily which helps our clients to access database of expert market insights on global industries, companies, products, and trends.
Our in-house research experts have a wealth of knowledge in their respective domains. With Facto Market Research, you always have the choice of getting customized report free of cost (upto 10%). Our support team will help you customize the report and scope as per your business needs. This ensures that you are making the right purchase decision.
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Understanding Locks With Master Key System & Why You Need Them?
Have you ever opened the main door of your house but forgotten where the garage door key is? Or left for a vacation and realized that you forgot to give the gardeners a key to your house? Even if these specific situations may not have happened to you, everybody has at some point in their life lost a key for a specific place, or room, or appliance. Easy solutions to losing keys are by having locks with the master key system in your house. This article will explain what locks with the master key system are and how they can benefit you. What Is a Master Key System? Locks with a master key system can use a selected number of keys to open multiple refitted doors. This key plan allows individual easy access to all places within the premises of a home. For example, if the housekeeper has a key to the main door, they can also use the same key to unlock the garage. A lock with a master key system helps save the cost associated with replacing locks due to misplaced keys and helps maintain better control over the house as the number of keys in circulation greatly reduces. The master key system can be especially beneficial in emergencies. How Does the System Work? Let's take a housekeeper's example to better understand how locks with a master key system would work. First, a "master key" is made to open all the locks within a house and access all doors within the premises. Before understanding the detailed process of the master key, you must know that any key that works on two or more locks is called a master key. Well, when it comes to the look and design of the master key, then it looks like any other key, but the differentiating factor is the cuts on it, or it is stamped as “GGM” or “GM” or “A”. Another notable point about the master key is that you can easily duplicate it like any other key. Usually, tiny pins, coded by different colors, sizes, and shapes, are inserted into the cylinders as per the codes assigned to that cylinder. But when it comes to the master key, it will work when the lock cylinders have master pins in them. When these master pins line up in the key and lock, it turns freely, so the lock opens. Features: Most master key systems offer the following services and have the features listed below: ● A lock with a master key system is usually tailor-made for the specific requirements of individual clients so you can find the one that fits your needs perfectly. ● These keys find a multitude of uses. It can be used in various establishments like buildings, office compounds, houses, residential areas, commercial complexes, etc. ● Most locks with the master key system are flexible and change according to the dynamic requirements of the establishment. ● Using the master key also reduced the number of keys in circulation helps decrease the cost of key replacements. ● Most locks with master key systems use cloud-coded key clips for designated areas to avoid confusion and increase efficiency. Conclusion- There are many benefits of getting locks with a master key system. You can save time, money, and effort on finding keys and planning a system for its circulation by outsourcing this to specific service providers. Your requirements and type of space can be specific, and locks with a master key system will find a way to suit your needs perfectly.
Giới Thiệu Về Siemens Industry Mall
SIEMENSIMlà từ viết tắt của cụm từ tiếng anh “SIEMENS INDUSTRY MALL” – được chúng tôi tạm dịch là “TRUNG TÂM MUA SẮM SẢN PHẨM CÔNG NGHIỆP HÃNG SIEMENS“. Qua tên gọi đã thể hiện được siemensim.com là đơn vị cung cấp các giải pháp, dịch vụ và sản phẩm công nghiệp mang thương hiệu của hãng Siemens. Ngoài ra, siemensim.com còn được biết đến từ các quý khách hàng với nhiều tên gọi khác trên thị trường như: đại diện / đại lý / nhà cung cấp / nhà phân phối chính thức Siemens tại Việt Nam. 1. Điều khiển công nghiệp Cung cấp các thiết bị điều khiển công nghiệp có phạm vi lựa chọn siêu rộng nhằm đáp ứng được hầu hết các quy mô, mức độ điều khiển trong các máy móc, dây chuyền, hệ thống ở các nhà máy và các khu công nghiệp. Các hệ thống điều khiển điển hình như: LOGO! Logic Module, SIMATIC S7-1200, SIMATIC S7-1500, SIMATIC S7-300, SIMATIC S7-400, SIMATIC ET 200SP, SIMATIC ET 200S, SIMATIC ET 200Pro. Ngoài ra, còn có các thiết bị điều khiển chuyên dụng khác dành cho các hệ thống: HVAC, BMS, EMS, DCS. PCS, MES, .v.v. 2. Truyền thông công nghiệp Cung cấp các thiết bị mạng công nghiệp, mạng truyền thông công nghiệp (IIoT): thiết bị chuyển mạch công nghiệp (Industrial Ethernet Switch), bộ định tuyến công nghiệp (Industrial Router), bộ phát sóng không dây công nghiệp, bộ chuyển đổi giao thức công nghiệp (Industrial Gateway), bộ chuyển đổi đa phương tiện công nghiệp (Industrial Media Converter), serial device server, injector, .v.v. 3. Bộ nguồn công nghiệp Cung cấp các bộ chuyển đổi nguồn công nghiệp với điện áp đầu vào 1 Pha (100-240 VAC) / 3 Pha (400-500 VAC) / DC (110-300 VDC, 14-60 VDC) sang điện áp đầu ra: 5 VDC / 12 VDC / 15 VDC / 24 VDC / 36 VDC / 48 VDC với cường độ dòng điện đầu ra: 0.6 A / 1.3 A / 2 A / 2.1 A / 2.5 A / 3 A / 3.1 A / 3.5 A / 3.7 A / 4 A / 4.1 A / 5 A / 6.5 A / 7 A / 8 A / 8.3 A / 10 A / 12 A / 13 A / 14 A / 20 A / 40 A / .v.v. 4. Máy tính công nghiệp Cung cấp các loại máy tính công nghiệp như: máy tính công nghiệp lắp tủ rack (Rack PC); máy tính công nghiệp để bàn, lắp tủ điều khiển, nhỏ gọn (Box PC); máy tính công nghiệp tích hợp màn hình cảm ứng (Panel PC) / máy tính công nghiệp All-in-One; máy tính công nghiệp mini, máy tính nhúng công nghiệp không quạt. Có sẵn: máy tính bảng công nghiệp; laptop công nghiệp và các tùy chọn màn hình máy tính công nghiệp. 5. Màn hình công nghiệp Cung cấp các loại màn hình công nghiệp như: màn hình điều khiển và giám sát trực tiếp giữ người và máy (màn hình HMI), màn hình phắng công nghiệp (màn hình IFP), màn hình mỏng công nghiệp cho các ứng dụng máy khách (màn hình ITC) với đầy đủ các phiên bản (không cảm ứng, cảm ứng đơn điểm, cảm ứng đa điểm). 6. Phần mềm công nghiệp Cung cấp các loại phần mềm công nghiệp như: phần mềm lập trình và cấu hình; phần mềm vận hành và giám sát; phần mềm quản lý và theo dõi; phần mềm thu thập và xử lý dữ liệu, phần mềm mô phỏng, phần mềm thiết kế, phần mềm sản xuất, .v.v. Một số phần mềm tiêu biểu như: phần mềm SCADA, phần mềm STEP 7, phần mềm WinCC (WinCC Basic, WinCC Comfort, WinCC Unified, WinCC Advanced, WinCC Professional, WinCC Unified Runtime, WinCC Runtime Advanced, WinCC Runtime Professional, .v.v.). SIEMENSIM.COM là đơn vị cung cấp các giải pháp, dịch vụ và sản phẩm công nghiệp mang thương hiệu Siemens. Ngoài ra, chúng tôi còn được biết đến với nhiều tên gọi khác trên thị trường như: đại diện / đại lý / nhà cung cấp / nhà phân phối chính thức của Siemens tại Việt Nam. Địa chỉ: Tầng 7, Toà nhà văn phòng T14 Khu Đô Thị Vinhomes, 458 Minh Khai, Khu đô thị Times City, Hai Bà Trưng, Hà Nội 100000 Tel: +84 395595133 Email: siemens@siemensim.com Website: www.siemensim.com
Significant COVID-19 Impact on Footwear Sole Material in Chemical and Material Industry
COVID-19 Impact on Footwear Sole Material in Chemical and Material Industry INTRODUCTION Footwear designs have continuously upgraded with the advance techniques for improvement of comfort and performance of the shoes in daily routine or specialized sports applications. In footwear, the sole of footwear is very important part as sole have to face the external environment. The sole of footwear helps to protect the feet from injury during work or performing physical activities. In 1800 wood was used for manufacturing of sole. As the time passed the demand of more rubber sole shoe was increased as it was cost effective and also more comfortable in wearing for longer duration. Sandals of leather were also introduced in 1900 which was accepted globally. The leather straps were joined with the rubber sole to manufacture the footwear. The footwear of leather and wood were heavy which cannot be weared for longer duration. So light weight material was started to be used for the manufacturing of sole of footwear. In 19th century, outsole of footwear has been changed in materials. Leather has been the traditional soling material, after 1980 only about 5% of shoes have leather soles. Now, most of soles are made of rubber or plastics, which are classed as synthetics rubber. Polyurethane is one of them that become most popular soling material for footwear. Sole material is the kind of material which is used for the manufacturing of different kinds of sole according to the application of shoe. Sole material are the kind of material which are resistant to putrefaction and enzymatic destruction and after repeated wetting-drying cycles returns back to its former soft characteristics due which material is used in the manufacturing of sole for footwear. Shoe soles are made from a variety of different materials which includes rubber, leather, polyurethane and other bio-compounds. Sole material is also used for manufacturing of inner sole which is softer than the outsole. Sole of a shoe is also known as outsole which is bottom part of the shoe. More of the times outsole comes in direct contact with the ground. Footwear sole is made up of soling materials such as: Polyurethane Polyurethane is a type of polymer which is composed of organic units which are joined by carbamate links. Polyurethanes are kind of thermosetting polymers which do not melt when heated on high temperature. Polyurethane is of different types which are methylene diisocyanate (MDI), toluene diisocyanate (TDI) and polyols. Rubber Rubber is kind of elastic substance which is obtained from exudations of certain tropical plants which is natural rubber. Rubber products are also derived from petroleum and natural gas which is called as synthetic rubber. Bio-Compounds Bio-compounds are materials which are made of several cells and other structures of organisms are known as bio chemicals compounds. In bio-compounds carbon compounds are important which make the material light weight. Several materials are being used in the production of footwear sole which can provide high comfort and light weight shoe. Different types of shoes are being used for different application due to which different materials are being used in the production of footwear sole. Polyurethanes as a soling material is comprise of almost limitless chemical formulation combinations which give designers and manufacturers freedom to create innovative designs according to the application of the shoe. The soft inner sole is more in demand among women fashionable footwear and daily wears and also for kids due to lightweight and super soft sole material which is more used in the footwear. COVID-19 IMPACT ON FOOTWEAR SOLE MATERIAL MARKET Corona virus was started from the China country and now has reached to every corner of the word. The COVID-19 has larger impact on different industries due to which the growth of the business and world is recovering in very steady pace. The pandemic have hit the economy very hard world wide as the lockdown was imposed in all the regions which have made the situation challenging for all sector for growth and also the developing actives will be done in the stager manner. No sector was immune from the effect of the COVID-19 as all the manufactures of the footwear sole material in the regions have faced the ups and down in the business due to the COVID-19 situation and unable to forecast the demand of the footwear in the market. The demand for the footwear sole material has fallen in the industries due to the lower production of the footwear in the global market. The export and import of the footwear sole material in different countries have fallen down due to the pandemic situation created by COVID-19. The big brands or manufactures are producing at 25%-30% of their full capacity as demand of the footwear has fallen in the market. Government has imposed the lockdown rules in the entire region due to which people are setting at their home. The demand for the light weight sole material in the footwear have fallen down in pandemic no physical activities were going on which lower the demand for sport shoes in different games and physical activities. Different types of footwear sole are used in different type of footwear functionality. Due to lockdown in several manufactures activities were on halt, the demand of footwear has fallen down in the industries due to which the demand for footwear sole materials have decline. The cascading effect of the spread of the corona virus can also be seen on the foot wear industry. Footwear industry have also have to face the pandemic situation which created by the COVID-19. The production in the footwear industry has been on halt due to the lock down and shortage of the labor in the factory. The virus is taking a massive toll in the economic front, shutting down businesses, curbing international travel and impacting production lines of major global businesses. On evaluating footwear industry in the countries, the major brands have shut down their stores, and some of them have also delayed their new collection release which has lowered the demand for the footwear sole material in the market. FIGURE 1 NEW PRODUCT INTRODUCTION RATE (2019 –2020) From the above diagram we can interpret that the introduction of the new footwear models in 2020 was fallen down as in 2019 introduction of athletics shoes and sneakers was 11.00% which fall to 4.15% in 2020. In 2019 introduction of boots was 3.00% which fall to 5.00% in 2020. In 2019 introduction of heeled shoes was 12.00% which fall to 5.00% in 2020. With the decline in the introduction of new products in the market will have negative impact on the demand for footwear sole material in the market. IMPACT ON RELATED INDUSTRY OF FOOTWEAR SOLE MATERIAL IMPACT ON FOOTWEAR INDUSTRY According to experts of World Footwear, global footwear consumption is expected to fall by 22.5% in pandemic year. In Europe, demand of footwear declined by 27%, in North America demand of footwear is declined by 21%, and in Asia-Pacific demand of footwear is declined by 20%. The revenue of the foot wear industry has fallen down by 10%-15% in the pandemic situation as the import and export of the footwear have been declined. The demand of the footwear on all distribution channels have declined globally due to which manufactures have to face the challenge of the stock clearance. Footwear companies such as Adidas and Puma are also experiencing major effects due to the coronavirus headwinds. Most of the branded stores have been closed in the virus-driven countries. The big brands have lost the sales of USD 50 million to USD 60 million due to the outbreak. Other luxury labels are predicting serious blows to their sales too. With the falling sales of the footwear in the market have lower the demand of different footwear sole material which have impacted the global footwear sole material market. STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE Manufacturers of footwear sole material market have to face many difficulties due to halt in the industries which leads to low demand of footwear for all end-user segment which resulted into low demand of footwear sole material in market. The demand of footwear sole material is more in athletic shoes and also in daily wear flip-flops in the end-user segment which helped the manufacturers to earn profits from the stock as the demand for the light weight flip flops and sandals which people wear on daily basis have increased on larger extent. Manufacturers have also taken strategic decision to cover the losses which occurred due to COVID-19. Several OEMs and manufacturing industry have collaborated together and started production. In addition, fulfilling the demand of footwear sole material in the different countries manufactures are helping each other financially in business. IMPACT ON THE RAW MATERIAL PRICE Synthetic rubber is used in the manufacturing of the sole of the footwear. With decline in the demand of the footwear which resulted in decline in synthetic rubber footwear sole material during the COVID-19. Synthetic rubber footwear sole material is more used in the footwear industry as to fold and cut due to the property of flexibility which increases its demand in the footwear industry. Due to COVID–19, prices of footwear sole material are adversely affected as the downfall in demand of footwear in various industries. FIGURE 2 PRICE OF SYNTHETIC RUBBER (JANUARY 2020 –JULY 2020)(USD) From the above diagram we can infer that the price of the synthetic rubber is falling on constant rate due to the fall in the demand by the automotive, tire and footwear industry. The price of the synthetic rubber in January 2020 was 201.80 USD which fell to 192.00 USD in the month of April 2020 when the lockdown had increased the production activity have fallen down due to which the demand of the synthetic rubber have fallen down. In the month of May 2020 the price was 190.10 USD which again fell to 184.10 USD in the month of July 2020. CONCLUSION In 2020, COVID-19 has bad impact on the demand of footwear products due to which demand of footwear sole material product have fallen down. The demand of sports shoes, casual shoes have fallen down in all end-user segments which includes men, women and kids which resulted in low demand in footwear sole material in global market. The manufactures were able to earn revenue through the sale of footwear sole material for flip flops in the market during COVID-19. With the increase in sports and recreation activities and also with lifting of lockdown, the demand of different type of shoes in different industry will increase which will have positive impact on the demand of the footwear which is expected to boost the global footwear sole material market. Import and export of raw material and finished product of footwear products with other nations will help to boost global footwear sole material market in near future.
Significant COVID-19 Impact on Wealth Management in the Information, Communication, and Technology (ICT) Sector
COVID-19 Impact on Wealth Management in the Information, Communication, and Technology (ICT) Sector ANALYSIS ON IMPACT OF COVID-19 The pandemic originated from China and spread to all over the world, so far 218 countries and territories, and 2 international conveyances have been affected with COVID-19, U.S. being on the top with cases reaching about 34.5 million, followed by India, Brazil, and then by many European countries such as Russia, France, Italy, and others. The COVID-19 cases reached big named countries with strong dominance in the global market which had adversely affected the economy globally. The spread of the Coronavirus has led to the global recession, many companies were shut down and several manufacturing facilities were put on hold. There had been disruptions in the supply chain of many industries due to restrictions in logistics and the closing of manufacturing facilities. In addition, the slowdown in the economy has lowered the spending capability of individuals and people are saving money for emergencies. The World Bank stated that the global economy is expected to reduce by 5.2% in 2020. Emerging market and developing economies (EMDEs) are expected to decrease by 2.5% and the economic activity in advanced economies may get reduced by 7% in 2020. U.S. witnessed a decline of 4.8% on an annualized basis in the first quarter of Q1-2020. In addition, the slowdown in the economy has also lowered the spending capability of individuals and people are saving money for emergencies. The Latin American region is affected by COVID-19 in both human and economic terms. The IMF World Economic Outlook stated a decrease of 8.1% in the GDP of Latin America in 2020. However, the situation has improved significantly and the market is recovering from the fall. Companies are taking several measures to overcome such scenarios and more regulations are being incorporated. Wealth management is an investment advisory service that combines other financial services for addressing the needs of affluent clients. Using a consultative process, the advisor gleans information about the client’s wants and specific situation and then tailors a personalized strategy that uses a range of financial products and services. Wealth management can encompass all parts of a person’s financial life. Instead of attempting to integrate pieces of advice and various products from multiple professionals, high-net-worth individuals may be more likely to benefit from an integrated approach. In this method, a wealth manager coordinates the services needed to manage their clients’ assets, along with creating a strategic plan for their current and future needs, whether it is will and trust services or business succession plans. As the world was confronted by the COVID-19 pandemic, economic, social, and political challenges quickly became apparent across the globe. These abrupt circumstances affected both investors and wealth management firms. IMPACT ON DEMAND AND SUPPLY CHAIN, AND LONG TERM STRATEGIES ADOPTED BY MANUFACTURERS The pandemic is bound to bring new trends in the market such as an increase in digitalization. The companies require taking strategic decisions to sustain their development in this pandemic crisis. Companies have cut short the capital expenditure to maintain their financial conditions, in addition, they also need to set the sales projection to limit their offerings and avoid any extra spending. Companies need to innovate and develop technologies according to the changing trends of society. The pandemic has boosted the growth in digitalization and this has increased the requirement of wealth management on the digital platform. Critical business workflows are being digitized to enable changes in both client behavior and accommodate field personnel working remotely. Numerous organizations are shifting their focus toward digital platforms to make their business tasks simpler. It is seen that 89% of all companies have already adopted a digital-first business strategy or plan to do so and 70% of companies either have a digital transformation strategy in place or are working on one. The increasing growth in digitalization will boost the market of wealth management during the pandemic. Moreover, in 2020, the numbers of ultra-high net worth individuals, which are generally defined as those having investable assets of more than USD 30 million, grew by 24% worldwide, the fastest rate of increase since 2003. The increase in number created a huge opportunity for growth for the global wealth management market. The market players are now taking many strategic decisions to gain their market share and profit after COVID-19. Passive investing has dominated during the recent record-length bull market, active management poses advantages during volatile and turbulent times, and the firms that transform people, process technology within their equity platforms could be better positioned to grow assets. With the shifts to virtual business practices, many wealth managers have aggressively reached out to their clients by phone to make it a ‘moment that matters’ and build further goodwill through human touch. The services which are provided by the market are now shifted towards cloud platform which is very easy and flexible to use. Integrated AI and automation enable faster portfolio development aligned with customer’s expectations. This automation will be significantly used to build a portfolio for the customers which will be another strategic decision taken by the company. With the adoption and shifting the business to virtual practices, wealth managers have aggressively reached out to their clients by phone to for making a deal and build further goodwill. The distribution channel will much change for the market after the COVID-19 pandemic and this is why many companies are looking to launch their apps and online services to cater to the clients which is also a part of the strategic decision of the companies to maintain the growth of the company. Many firms may reprioritize capital allocation plans and many look for possible mergers and acquisitions for business survival and sustenance. The COVID-19 pandemic has affected the market but the services are now shifted towards cloud platform which is very easy and flexible to use. The COVID-19 has affected the supply of wealth management services as the income of the people were affected has decreased due to the pandemic. The comprehensive wealth management services were affected and the supply chain has also got affected. The players are now trying to position themselves to thrive in the next normal. The investors saw a drop in their portfolios and were given initial market drops. CONCLUSION Pandemic has taken a toll on every aspect of life, including the global economy. With the significant downfalls in many sectors, a collaborative effort of government, industry players, and consumers can win the fight against COVID-19. It continues to inflict the world with appalling economic and social dilemmas, capable enough to leave severe backlash on the economy for the next several years. The first wave had already inflicted severe blows to the population as well as the economy. The currently experiencing second wave is expected to be more disastrous not only to the masses but also to ICT markets. As the industry slowly emerges from the crises and the next normal takes hold, the success of the wealth management firms will depend on their ability to use the crises to accelerate their digital transformation and embrace a more flexible wealth management operating model. Client interaction will change, whether by choice or necessity. Digital enablement will likely continue to be leveraged to meet business and customer needs while how and where employees work and are supervised has already changed. The wealth management companies are accommodating mobile working and flexible working schedules to maintain the operational continuity which will run the business. The companies are trying to regain their share by every means, as these firms will also likely to tap on the data and analytics to learn more about potential customers which will ultimately increase their customer base. Hence, the companies are now adopting new distribution solutions after COVID-19 which will gradually help them to increase their portfolio and services and maintain their operations in the market. Some firms may start to consider mergers or deals as the environment becomes more challenging. This will benefit the companies by generating a profit and making the supply chain stronger. Southeast Asian consumers are hungry to access wealth services via apps and online. This means many wealth relationship interactions can be shifted to apps enabling low-cost services which will also help in business continuity.
Warehouse Robotics Market With COVID-19 Impact Analysis
[268 Pages Report] The global warehouse robotics market size is expected to be USD 4.7 Billion in 2021 to USD 9.1 Billion by 2026, at a CAGR of 14.0%. Warehouse robotics are used to automate different warehouse functions, such as transportation, picking and placing, packaging, and palletizing and de-palletizing. The use of warehouse robots reduces the need for human intervention and increases the efficiency of warehouse operations. They find applications in various industries, such as e-commerce, automotive, electrical & electronics, food & beverage, and pharmaceutical. https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128876258 COVID-19 Impact on the Global Warehouse Robotics market The outbreak and widespread of the COVID-19 pandemic has highly impacted the supply chains and accelerated the adoption of robots in warehouses and manufacturing facilities. 2020 was a crucial year for e-commerce companies, retailers, grocers, and package handling logistics providers. The outbreak of the pandemic significantly accelerated the need for automation, which was steadily growing in the pre-COVID-19 period. The growth of the market for fixed types of robots was mainly affected by the pandemic, however, the mobile robot market is expected to witness healthy growth in the post-pandemic period. Online distribution during the pandemic crisis has shifted to a higher gear, as other retail channels have witnessed a slowdown in operations. Leading warehouse operators are now required to move more products while maintaining social distancing guidelines. This, in turn, is expected to create an opportunity for warehouse automation. Warehouse Robotics Market Dynamics Driver: Expanding e-commerce industry The e-commerce industry has evolved at a tremendous pace. E-commerce companies hold large volumes of products in their warehouses to cater to the increasing incoming demand through online shopping platforms. Thus, they are constantly looking for various economical ways to reduce their order delivery times. Robotic systems have emerged as a comprehensive solution and are gaining popularity among e-commerce companies to handle order fulfillment processes efficiently. Companies are increasingly using robotic systems in their warehouses to ensure rapid delivery of orders. A warehouse robot offers flexible material movement, traceability and improves the worker’s safety. The leading players in the e-commerce industry, such as Alibaba Group Holding Ltd., DHL, and Flipkart India Pvt. Ltd., have started using robots to automate their warehouse operations. The UK has one of the most mature e-commerce markets in the world, which is witnessing high adoption of warehouse robots. Companies such as Ocado and DHL are making high investments in the deployment of robotic systems in the UK. As per our analysis, the global e-commerce market has grown at a rate of 30% between 2019 and 2020, owing to the outbreak of the COVID-19 pandemic. The increasing demand for robots in the rapidly growing e-commerce industry is expected to drive the growth of the warehouse robotics market. Restraint: High set up cost High capital is required to set up and install warehouse robots. An average cost of a mobile robot varies from USD 25,000 to USD 100,000, whereas the average cost of a fixed robot ranges from USD 40,000 to USD 400,000. The high costs of these robots hamper their adoption, which, as a result, affects the growth of the warehouse robotics market. Furthermore, the warehouse operators need to redesign their warehouse layouts to support the warehouse robotics system to carry out their operations efficiently. While designing a new layout, companies need to focus on key aspects such as the safety of workers, space utilization, and easy accessibility to items. Opportunity: Integration of Industry 4.0 with warehouse robots Industry 4.0 aims at creating an operational environment in which people and robots can work together. It also allows robots to receive specific instructions and respond to the environment around them. Industry 4.0 enables warehousing facilities to adapt to significant changes in their business. Furthermore, the integration of Industry 4.0 and warehouse robotics systems enables effective communication between warehouse operations. This increased coordination between warehouse systems is helping warehouse operators to perform time-critical and high-velocity operations at a lower cost in the highly demanding and continuously evolving ecosystem. It is also allowing companies to perform a wide range of tasks, such as processing customized orders and high-speed delivery of products. Challenge: Concerns regarding cybersecurity Industry 4.0 connects production processes to the outside world, including collaborative robots. Connected processes are vulnerable to rising cybersecurity risks. Robots can be vulnerable if they are not integrated with updated software. Inadequate network administration can be a risk for connected robotics and lead to industrial espionage, malware installations, or automated attacks. Security, data privacy, technology, infrastructure and process upgrades, and interoperability are areas of concern before robotic systems in IIoT can reach their full potential. A major concern for IIoT is interoperability between devices and machines or devices and robots that use different protocols and have different architectures. To fulfill the complex demands for IIoT, the market players would require significant research and development (R&D), innovation, and investments. AMRs to dominate the market during the forecast period The warehouse robotics market for AMRs is expected to dominate and exhibit the highest CAGR during the forecast period. The increasing preference for e-commerce shopping platforms and the growing need for enhancing the efficiency of warehouses have led companies to focus on automation of operations. Besides, the increasing affordability and return on investment (ROI) are expected to drive the growth of the market. Flexibility and efficiency have become primary differentiators in the e-commerce fulfillment market as retailers and logistic companies are struggling to cope up with fluctuating demands, seasonal peaks, and rising delivery expectations. Mobile robotic systems offer high operational flexibility. In addition, the advancements in artificial intelligence, deep learning, and robotic mechanics are increasing their capabilities.  E-commerce vertical is expected to witness the fastest growth during the forecast period E-commerce trends are influencing the warehousing, manufacturing, and logistics industries, indicating that it is becoming increasingly important for these industries to optimize and develop automated solutions. The growing demand for quick order supply to customers in an accurate and undamaged form, increasing competition in the e-commerce industry, and rapid rise in online shopping are the key factors expected to drive the growth of the warehouse robotics market for the e-commerce industry.
Significant Impact of COVID-19 on Bulk Material Handling System in Semiconductors & Electronics Industry
COVID-19 Impact on Bulk Material Handling System in Semiconductors and Electronics Industry The lockdown situation during the COVID-19 pandemic has highly impacted the global economy. Most of the governments from different countries imposed a lockdown to break the chain of coronavirus spread. All companies related to various industries have been shut down except a few dealing with COVID-19 operations such as pharmaceutical, essential goods and services and the food industry. As a result of the COVID-19 crisis, many bulk material handling companies throughout the world have had to either temporarily close or reduce their workforces to prevent the spread of the virus. Through worldwide shortages of goods, it soon was apparent how important the world’s manufacturing and warehouse productivity is to the economy. In the bulk material handling system market, the business impact eventually proved to be less severe than first anticipated once lockdowns and restrictions were lifted. Nevertheless, the limited access to customers’ sites affected both capital and aftermarket sales of suppliers throughout the year. The COVID-19 pandemic highlighted that automation is needed for supply chains to increase efficiency. During the recent period, very few percent of supply chains felt fully prepared for the coronavirus impact. However, the bulk material handling industry can develop this situation with innovation, automation and perseverance. AFTERMATH OF GLOBAL BULK MATERIAL HANDLING SYSTEM MARKET COVID-19 pandemic affected a wide range of industries, from small to large manufacturing companies. It hampered the worldwide demand for solutions in the bulk material handling system market up to a certain extent. Limited workforce and operational restrictions negatively affected the product development life cycle. But at later stages, when lockdown restrictions were lifted, demand got stable up to a certain point. The companies developed different strategies and technologies specific to tackle problems that occurred because of the COVID-19 pandemic. For instance, · Daifuku Co., Ltd., a material handling company, stated some measures and strategies to overcome the challenges faced during the COVID-19 pandemic in their annual report 2020. To prevent the spread of COVID-19 and maintain distance from one another required a new approach to service activities for systems post-delivery. Accordingly, they are working hard to use the Internet of Things (IoT), artificial intelligence (AI) and information and communications technology (ICT) to establish material handling systems that never stop or that will be able to recover immediately even if blocked. They will continue to support stable operations of customer facilities by introducing new technologies and services, including remote operation, while ensuring the lives, safety and health of employees and their families. Likewise, many companies have started introducing new technologies and methodologies in the COVID-19 situation to remain better positioned in the market. Losses during this period can be overcome in the future by taking this slowdown to redesign and refresh the business processes and logistics operations. OPPORTUNITIES FOR THE MARKET IN COVID-19 SITUATION Market players have an opportunity to upgrade their operations and prospective for the betterment of their companies. Automation is the key to success in this unpredictable world. Different crises, labour shortages, natural disasters impact a lot on every industry. So being one step ahead of time and understanding the market well will ensure the success of the market player. In this COVID-19 pandemic, many companies adopted process automation and customization as an opportunity to survive and grow. Some of the instances are mentioned below: § Automation to overcome labor shortage: Though recent events have worsened the labor gap, the labor shortage is not new for many industries, as more workers retire and skills requirements increase. Automation offers solutions to some of these problems. Automated Process Equipment Corporation provides solutions and services for bulk material handling companies to overcome labor shortages during this pandemic situation. Super sack handling, accurate measuring, automatic routing, easily reprogrammable controls and electronic record keeping are solutions that will improve automation and reduce the dependency on the massive number of laborers. § Customized Solutions for Booming Market: KWS Manufacturing Company Ltd. partnered up with Coperion K-Tron to provide the solution for the world’s most significant high-density polyethylene and polypropylene suppliers, which is used in consumer and industrial goods ranging from plastic bags and bottles to N95 medical masks and face shields. Due to the increased demand for polyethylene and polypropylene, expanding the client’s extrusion line required new loss-in-weight additive feeders and a mixing screw conveyor. KWS and Coperion K-Tron sales and engineering teams collaborated to ensure the extrusion line expansion would be successful. IMPACT ON SUPPLY AND DEMAND COVID-19 has disrupted the supply chain on a global scale. International trade restrictions and customs regulations resulted in longer wait times and a lack of capacity for long-haul deliverables. During this pandemic, the demand for bulk material handling solutions decreased because of the limited access to customers’ sites. This affected both capital and aftermarket sales throughout the year. Most of the companies faced challenges in managing on-time project completion and order deliveries. However, many companies took this to redesign their operation and logistic models with digital capabilities to increase operational efficiency and effectiveness in such a period. For instance, · ThyssenKrupp AG Company adopted the digitization of their business processes and supply chains in 2019-2020. Their focus was on the introduction of automation solutions which included the new mobile app “Paperless”. This app allowed digitizing day-to-day processes in warehouses such as bookings, preparation of work schedules and material identification. It also created the conditions for using other automation solutions, such as driverless transportation systems, to be used in a new state-of-the-art logistics center for ThyssenKrupp Schulte. Such positive changes and automation in the supply chain will enable the companies to emerge stronger and supply chains that are more resilient to future disruptions. CONCLUSION The global bulk material handling system market suffered losses during the recent period because of COVID-19’s negative impact on global demand and supply chains. Yearly sales for the market-related products got hampered due to limited access to customer’s sites. But relaxation in lockdown regulations after few months helped the market to somewhat come back on track. However, many companies started building new technologies to overcome supply chain problems in pandemic situations. They adopted digitization and automation in day-to-day business processes and supply chains. Although it will take some more time for companies to come back on track, this period made everyone realize the need for up-gradation in many business aspects.
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