Shopify Blog - July 10, 2024

1. Honeywell to Acquire Air Products' Liquefied Natural Gas Process Technology and Equipment Business

Honeywell has announced its acquisition of Air Products' liquefied natural gas (LNG) process technology and equipment business. This move aims to expand Honeywell's energy transition solutions and services. The acquisition will enhance Honeywell's capabilities in the LNG sector, supporting the global energy transition.

2. Top Trends in Industrial Automation Impacting Manufacturing

The latest trends in industrial automation are reshaping the manufacturing industry. Key trends include the rise of collaborative robots (cobots), artificial intelligence (AI) and machine learning, the Internet of Things (IoT), digital twins, and augmented reality (AR) and virtual reality (VR). These advancements are driving increased efficiency, productivity, and competitiveness in manufacturing.

3. Evolution of Automation in Manufacturing

The history of automation in manufacturing spans centuries, from the use of water wheels and windmills to the Industrial Revolution and the adoption of electrification and industrial controllers. The evolution continues with the integration of computers, robotics, and AI, significantly improving efficiency and productivity.

4. Harnessing Automation for a Future That Works

A report by McKinsey highlights the potential of automation to improve productivity and economic growth. Advances in robotics, AI, and machine learning are expected to raise productivity growth globally by 0.8 to 1.4 percent annually. While automation may replace some jobs, it will also create new opportunities and enhance performance in various industries.

5. Top 10 Articles in Industrial Automation

A collection of top articles on industrial automation covers various aspects, including the impact of automation on manufacturing, the role of AI and IoT, and the evolution of automation technologies. These articles provide insights into the current state and future directions of industrial automation.