The world economy refers to an economic community or economic cooperation group formed by multiple countries to achieve preferential trade policies and realize common economic interests in response to fierce market competition.

The global economy at the beginning of 2020 was affected by the epidemic, and the global economy showed a downturn, which caused global concern.

The recent epidemic in Europe and the United States has gradually slowed down. Countries have begun to plan to gradually restart economic activities, which will help demand to recover and manufacturing activities in manufacturing will gradually increase.

Advanced manufacturing is the use of innovative technologies to improve products or production processes. Related technologies are called "advanced", "innovative" or "frontier". Advanced manufacturing technology is gradually maturing, integrating innovative technology into products and manufacturing processes to enhance competitiveness and increase value.

Additive manufacturing has a great future ahead of it. The current development of additive manufacturing has already surpassed the predictions made in studies carried out in previous years. Renowned research institutions such as ETH Zurich are convinced that 3D metal printing will become increasingly important in mechanical engineering and toolmaking.

Affected by the two major economies of the United States and China, global trade trends have subsided, and the Asian economy has also suffered greatly.

Additive manufacturing is playing an increasingly important role in the manufacturing industry and is mainly used in toolmaking and prototype construction.

In 2019, the global machine tool is facing a severe test, and the market prosperity is not ideal.

Smart machinery manufacturers must accelerate innovation, gain the policy resources of the production and innovation platform, develop the domestic industrial acceleration scale group, and the intelligent diagnosis maintenance system (IDMS), which has been successfully introduced into the innovative application of high-tech industries.

Today we are talking about CAD. Computer-aided design (CAD) is the use of computers (or workstations) to aid in the creation, modification, analysis, or optimization of a design.

An issue closely related to the smart factory debate concerns the position occupied by industrial production in overall social relationships; in other words, the relationship between factory and society, within which there is a new reflection on the relationship between factories and urban spaces, cities.

The global market for Packaging Machinery is projected to reach US$51.5 billion by 2025, driven by the economic value generated by packaging for industrial and consumer goods; and the growing interests in robotic packaging automation against a backdrop of growing competition in the Fast-Moving Consumer Goods (FMCG) industry and the ensuing pressure to accelerate time-to-market.

According to the International Economic Forecasting Agency, the global economic growth of this year (2020) is almost the same as the growth rate of 2019. However, the impact of the covid-19 may affect the economy of various countries in the short term and even impact the industrial supply chain. The current situation of the international economy and explain the possible influence factors of the recent development of the North American market, including the US-Canada-Mexico Agreement, the US-Japan Agreement, the US-China trade war, etc., and then the development of the supply chain changes explore the outlook for the North American market.

As discussed in Tech Trends 2019: Beyond the Digital Frontier, technology forces that are increasingly dependent on advanced connectivity capabilities also are reshaping enterprise architecture.

Japan is one of the leading countries in the machinery industry, with superb machinery manufacturing technology, and the output value of the machinery industry accounts for about half of Japan's overall manufacturing industry.

Taiwan's IBM announced that it has joined forces with a large domestic solution integrator (SI) to identify the pain points that are difficult to integrate between IT and OT in the manufacturing industry, and uses the IBM Smart Manufacturing 5C maturity model as the blueprint. Both parties will provide pre-introduction evaluation services, depending on needs. However, SI will provide OT and IT integration services, or IBM will provide more data-driven AI value-added services.

The U.S. government intends to impose taxes on American companies producing overseas, which should be moved back to the U.S. for domestic manufacturing.

A Bridgeport mill is a standard manual knee-type vertical milling machine. The reason that many people refer to a manual mill simply as a “Bridgeport” is that it’s one of the most famous brand names that’s found in most machine shops.

Africa is currently in a stage of explosive population growth. Currently, the entire African continent has a population of approximately 1 billion, and there will be 2 billion people by 2050. Compared with the fact that China’s surplus labor force is roughly exhausted, the African continent is a huge and attractive market for foreign investors.

Will the African market be the next manufacturing hub? African leaders call on Nigeria and African countries to strengthen manufacturing and regional supply chains.