Conventional control options may transition to include autonomous, self-optimizing and cyberphysical systems as the industrial internet of things matures, Dave Perkon writes. "If you can make every single asset in an industrial plant and every machine intelligent and autonomous, then you can add tremendous amounts of value to industrial companies," says Peter Martin of Schneider Electric.
Mitchell Metal Products reduced costs and increased production by moving a handle sub-assembly unit from Asia to the US, says CEO Tim Zimmerman. A consultant helped the company determine that, beyond cost issues, reshoring would allow for a capacity expansion that wasn't previously possible.
Manufacturers are using automated material handling systems more often to reduce costs and improve efficiency, writes Tom Schied of TD Equipment Finance. Keep in mind that the implementation process will involve hiccups and challenges no matter what is purchased, he writes.
Manufacturers can make workplaces safer, retain employees and reduce worker fatigue through the use of exoskeletons, asserts Joseph Hitt of the Wearable Robotics Association. Ford is using the EksoVest by Ekso Bionics to provide between 5 and 15 pounds of additional support per human arm.
Keep social media images and posts clean and sober, and don't badmouth previous employers if you want to win over recruiters. About 70% of companies check out candidates on social media, according to a Career Builder study, and the majority will drop a qualified candidate if their social pages raise red flags.
Lauren Berger founded Intern Queen Inc. in 2009 to connect young people with the internships and career opportunities of their dreams. Recently, Berger has been featured on "Today" and in The New York Times and Seventeen magazine, and on Friday, Jan. 12, she'll be speaking at Retail's Big Show Student Program. Learn more.
The highest-rated session from the 2017 Student Program at Retail's BIG Show is back. The Executive Mentor Experience, sponsored by American Express, is a popular session that puts students in roundtables with inspirational retail executives to ask their most burning questions and receive tips to be successful in retail. See participating companies.
Echo Polska Properties has invested $818 million in the M1 Polish shopping center portfolio, acquiring 12 retail centers in Poland. The investment consists of 4.8 million square feet of single-level properties that are 100% leased and grocery-anchored.
Country Fair Mall in Woodland, Calif., is only 30% leased, and J.C. Penney and Walmart are the main draws for customers. The city proposes demolishing much of the enclosed structure to make room for housing, retail and outdoor space, while owner Frank Zeng hopes to see it transformed to provide inexpensive space to small, local startups.
Laguna Village Investors has purchased Laguna Village, a 120,893-square-foot retail center near Sacramento, Calif., for $32.5 million. The 98%-leased property features a Regal Cinemas movie theater, a fitness center and retailers.