Those Who Do Not Prioritize Employee Protection Put Their Competitiveness at Risk
During the COVID-19 pandemic, it’s a natural reflex for companies to focus on cost savings. However, not providing proper protective measures for employees could create an even more significant financial burden on businesses.
Companies that pursue a savings strategy are putting their competitiveness at risk. Within the past four crisis-ridden months a lot has changed. The pandemic hit all sectors and companies, who were unprepared in March and April. Now, the cards have been re-shuffled and some businesses appear to be well-prepared.
All optimism is based on one condition: No second lockdown!
According to the latest forecast by the EU Commission, the economic recession in Europe in 2020 will be even worse than originally anticipated. In May, economic output in the EU was expected to fall by 7.4 percent. This has now been corrected to 8.3 percent.
Although there were already initial signs that the worst had been passed and that things were now starting to pick back up again, everything depended on the condition that no second wave of infection would materialize.
The protective measures that companies have implemented in recent weeks and months will decide whether a spike in cases happens as the economy opens back up. To put it bluntly, a second lockdown must be prevented by any means.
Waiting and seeing what happens is like playing the lottery
Recent weeks haven shown that companies with experience in agile processes and digital innovation have found it easier to identify and implement highly efficient solutions to this new challenge.
of the industrial companies that requested KINEXON SafeZone are pursuing Smart Factory projects and are characterised by a high degree of innovation.
On the other hand, companies that rely on the tactic of “wait and see” are also relying on the principle of hope during the coronavirus pandemic.
After all, one case of infection in a company can lead to millions of euros in damage within just a few weeks. Worse still, the damage to the company could be many times larger and more drawn-out than just a few weeks ago.
Anyone who interrupts the value chain is out quickly
At the beginning of the crisis, everyone was still in “the same boat.” In almost all industries, the value chain stood still and each participant had an understanding for others if delays occurred or performance failed because everyone knew, nobody could have seen this crisis coming.
But the free economy is a shark tank. The fast survive, the slow are left behind. If one company now brings the value chain to a standstill due to an infection, a replacement is available — in contrast to the beginning of the crisis.
Those who come to a coronavirus-induced lockdown now don’t just pause, they take several steps backwards.
This is because orders must then be won back by competitors, trust must be rebuilt, legal disputes may even be fought out and expiring financial support initiatives compensated.
What was considered a future technology in February has quickly been brought to the forefront
Fast action, real-time analysis and automation are three aspects that have now gained an importance through the concept of the Smart Factory. Before the pandemic, tech solutions like RTLS were mostly considered as a visionary technology to increase production. Now, the mindset has changed.
Companies have begun realizing that these kinds of technologies can help prepare for future challenges that are avoidable and could endanger the entire business. In other words, digitization is being accelerated by the pandemic.
We at KINEXON also notice it when talking to customers. Just a few months ago, topics such as automation of the material flow by means of real-time location, geolocation intelligence and state-of-the-art AMR control were treated as future topics. Now they receive the highest attention in the context of KINEXON SafeZone, our digital solution for contact warning and contact tracing.
of the companies requesting KINEXON SafeZone already use KINEXON RTLS or are interested in pilot projects
One winner is already known
In the end, we have to admit to ourselves that the true impact of COVID-19 on economic competition cannot be predicted, nor can the further course of the pandemic. Only one winner is certain: digitization.
Only digital tools provide us with the agility, transparency and speed to act and react. Whether it is the detection of a viral infection by a solution like SafeZone, changed process conditions via process mining or new working environments that have to be controlled remotely via RTLS, digitizations wins out.
Read the other articles of our“Impact Series” here:
- FINANCIAL RISKS:
“How KINEXON SafeZone Saves Money by Protecting Employees”
- SOCIAL RESPONSIBILITY:
“Why Companies Now Have a Particularly High Social Responsibility”
- STRESS AND ANXIETY:
“Coronavirus Anxiety: 5 Tips How Employees Feel Safer with KINEXON SafeZone”
- LEGAL ISSUES:
“Legal Implications of COVID-19: “One Should Think About the Worst Case Scenario”
Experience Tool Control and More at the Assembly Show!
The 10th annual Assembly Show is returning to Chicago in a month’s time, and were thrilled to be a Silver Sponsor of this year’s event! Thousands of attendees and exhibitors are coming together to showcase the latest and greatest in technology, equipment and products.
Key takeaways from IMTS 2022
IMTS 2022 — what a show for the future of manufacturing! The KINEXON team had an incredible time introducing our real-time location technology solutions to many of the over 95,000 attendees and exhibitors in Chicago at the biggest manufacturing trade show in the Western Hemisphere. Here are the 3 key themes we took away from IMTS.
Load Management: A Look Behind the Scenes at the Bundesliga Club With the Fewest Injuries
In the Bundesliga, 1. FC Union Berlin recently became the surprising leader. Union also impressed with another statistic recently: no team had fewer injury-related absences. Is that part of the secret of success?
European League of Football and KINEXON Launch Partnership
In cooperation with the European League of Football, KINEXON’s LPS system will be used for live player tracking in American Football at the upcoming Championship Game in Klagenfurt. The European League of Football also aims to further enhance the fan experience with live stats at the highest level.
Why you need RTLS solutions on your assembly lines
Precision, quality, and speed are key factors for fast-paced manufacturing industries. In the automotive industry alone, a production stop of just a minute can cost tens of thousands of dollars, and automated tool control is a powerful solution to address challenges in automotive assembly. This is the second part of a three-part series exploring the potential of automated tool control for the automotive industry, based on an interview Assembly Magazine conducted with KINEXON. In the second part of the series, we outline why RTLS solutions are the clear choice for the automotive industry. Enjoy the read and stay tuned throughout the series for valuable insights on all things tool control.
Official Match Balls With Integrated Tracking Sensor - What Do They Deliver That No Other Technology Can?
To take a very close look at every action on the pitch, field or court in professional sports, data collection nowadays relies on countless technologies. In the midst of all these, there are new players: official match balls with an integrated tracking sensors for live tracking. FIFA has tested this technology extensively. The result: Balls with tracking sensors offer exclusive added value.
Understanding Women-Specific Requirements in Professional Sports
Regardless of your sex, athletes deserve the same treatment; but in this case, equality means to differentiate in the ways athletes need to be trained to perform at their best.
We closed our season-kickoff webinar series with a topic that’s particularly important to us right now — namely, what specific requirements do women have?
The Impact of Ball Data on Physical, Tactical, and Technical Performance Evaluation
In combination with player tracking, the measured physical load and athletic performance of players can be evaluated in context of football-specific situations. Thus, it is possible to also assess tactical and technical data in comprehensive context. Some examples: How fast does a player run with the ball? How is a team controlling space? What’s the shot speed?
3 Key Features of Automated Container Management
No production or logistics operations function without the extensive use of containers or load carriers. Manufacturers rely on thousands of containers to push materials and products through the supply chain. When a single container arrives at its destination late, at the wrong cycle, or carrying the wrong materials, it can bring the production line process to a standstill. Automated container management solutions overcome this challenge and benefit the entire intralogistics and assembly process — by guaranteeing an optimized and efficient material supply.
Your 5 Step Guide to Automation with Location Data
WHY AUTOMATE? For leading automotive supplier Continental, the driving reasons behind their push for a smart factory included cost savings and increased efficiency, two far-reaching business-critical metrics. First and foremost, Continental wanted to automate and optimize repetitive manual processes and routines to increase production speed and quality. They identified the handling of material across their production as a key area for improvement.
Optimizing Order Processing in Production and Intralogistics
Navigating orders successfully and accurately through complex production and intralogistics processes is no small feat. Today, more often than not, orders and materials get lost in transit, don’t get processed through all necessary steps, wait in buffer and storage areas for too long, or just don’t get to their intended workstation in time. This creates inefficiencies in areas such as assembly, quality control, and inventory management, just to name a few. And despite this being both a major efficiency as well as a productivity challenge, many manufacturers don’t have accurate data about their processes as well as their bottlenecks. This is where automated order management solutions come in.
Why you need tool tracking in the automotive industry
Precision, quality, and speed are key factors for fast-paced manufacturing industries. In the automotive industry alone, a production stop of just a minute can cost tens of thousands of dollars, and automated tool control is a powerful solution to address challenges in automotive assembly. This is the first part of a three-part series exploring the potential of automated tool control for the automotive industry, based on an interview Assembly Magazine conducted with KINEXON. In the first part of the series, we focus on understanding the why of tool tracking in the automotive industry. Enjoy the read and stay tuned throughout the series for valuable insights on all things tool control.
Ball Tracking: From Subjective Impressions to Objective Measures
As the world’s only tracking provider to offer sensor technology that can be integrated into official football & handball match balls, KINEXON is able to provide real-time positions and inertial data (impacts and spin rate) of the ball with accuracy down to the centimeter. This automated ball tracking and analytics by KINEXON transforms subjective impressions to objective measures.
How to Return to Action After Pregnancy
Return to play is usually associated with a comeback from injury. Hardly anybody used to talk about the road back after pregnancy. That perception is shifting. More and more female athletes choose to give birth during their careers and make their experiences public. Plus, player and performance tracking can function as an essential tool for female athletes during their journey to return to action. KINEXON aims to give needed support.
Manufacture more with less at IMTS with KINEXON
After nearly two years of virtual meetings, the industry-leading IMTS and its co-located Hannover Messe USA are events you won’t want to miss. With over 2,000 exhibitor booths and an expected 100,000+ attendees from 115 different countries coming to Chicago, IL from September 12 – 17, the show promises to bring together the best and brightest in manufacturing. Our team of IoT experts from KINEXON will be at the show to help you harness the power of industrial process automation.