Annual Meeting Provides Tools to Visualize the Future
Although the format for the 2020 VMA/VRC Annual Meeting was different, the fact the event was virtual allowed considerably more people to participate compared to last year—attendance jumped by 30% over 2019—and the enthusiasm was evident throughout the three-day event.
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Virtual Market Outlook Event Exceeds Expectations
By: Judy Tibbs, Editorial Consultant, VALVE Magazine
During the 2020 Market Outlook Workshop August 6 and 7, more than 140 people from across the U.S. and Canada gathered together via laptops and electronic devices to learn what economic experts predict may happen in the short and long term and how that could affect the valves and pumps industries, and to discuss what they were hearing. “The feedback to our first virtual event and overall participation was even better than we expected,” said Heather Rhoderick, CAE, president of Valve Manufacturers Association (VMA), which produced the event with the Hydraulic Institute (HI).
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Recommended Practices (RP) Changing Engineering and Supplying of Assemblies
The issue is that assemblies are not currently treated as “engineered” items — they are often produced by slapping the actuator on the old (or new) valve specified by the piping requirements without much understanding of the specifics of the interactions between valve and actuator connections through the drive train (coupling).
#actuators #controls
Implementing the Fourth Industrial Revolution
Many names have been given to the current state of technology in manufacturing including the Industrial Internet of Things (IIoT), the Fourth Industrial Revolution (4IR) and Industry 4.0.
#iiot #automation
2020 Market Outlook: Doing Business in an Unpredictable World
Swinging market conditions, political tensions and trade battles were top-of-mind for the economists and industry experts speaking at this year’s VMA Market Outlook Workshop, Aug. 8-9, 2019 in San Diego.
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Annual Meeting: Sandler Celebrated, New VMA Leaders Announced
Bill Sandler spent much of the 81st VMA/VRC annual meeting being surprised and honored for his 42 years of service to the association and the valve industry.
#maintenance-repair #VMAnews
Speakers Share Market Outlook for the Rest of 2019, 2020 and Beyond
Members attending the VMA Market Outlook Workshop, August 8-9 in San Diego, received good news and bad news about markets important to the valve industry, as well as recent overall economic conditions domestic and worldwide.
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MDM Mid-Year Economic Update: Slowing Growth for 2019
Though 2018 represented a strong year of revenue growth in most sectors, the second half of 2019 will likely show a downshift.
Mentoring in Manufacturing: A Program That Works
Michaela Stickley, assistant director of human resources at A.W.
#basics
Process Instrumentation and Automation Market to Grow at 4.4%
The process instrumentation and automation market in the United States, currently valued at $13.9 billion, is projected to grow at a compounded annual growth rate (CAGR) of 4.4% and reach a total of $17.3 billion in 2023, according to a market forecast published by the Measurement, Control & Automation Association (MCAA). The percentage increase over the five years is projected to be about 24%. The reported market value slightly exceeded the $13.6 billion projected for 2018 in the 2014 MCAA Market report.
#VMAnews #automation