With worldwide supply chain challenges impacting almost every aspect of our daily lives, the need for manufacturers to focus on driving efficiencies has never been greater. The rapid advancements in Artificial Intelligence (AI) and Internet of Things (IoT) have paved the way for transformative changes across industries. AI and IoT are already revolutionizing the manufacturing […]
Speira, a major aluminium producer in Europe, announced in March 2023 that it would close down its German facility in Rheinwerk this year due to high energy prices and market uncertainty. The company had already reduced the plant’s capacity by 50% in September 2022 in response to surging power prices. Speira plans to focus exclusively […]
The Ukraine-Russia geopolitical crisis has resulted in sanctions imposed by Western countries on Russia and has driven various effects on India’s trade. Both imports and exports from Russia have been negatively impacted. Still, specific sectors have greatly benefited from the situation, specifically raw materials that are crucial for Russian industry but have been sanctioned by […]