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Caterpillar Sees Profit Jump, Warns Of Supply Chain Stress

Caterpillar Sees Profit Jump, Warns Of Supply Chain Stress
04/29/21 AT 11:05 AM
Caterpillar reported strong profits Thursday but highlighted potential supply chain problems as a risk and said there were still too many uncertainties to provide a full-year profit forecast.
The industrial giant scored better-than-expected results in the first quarter, highlighting strong construction industry demand, especially in China.
Executives also said they were bullish on the resources segment due to greater need for metals for electric cars and other items seeing increased demand. Caterpillar manufactures machinery for the construction, resource and energy industries.
There are positive signs in a number of our end markets, said Chief Executive Jim Umpleby, who added that the company is monitoring the ongoing shortage of semiconductors, as well as raw materials. ....

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Caterpillar Sees 'Better' 2021 As 4Q Earnings Drop

Caterpillar Sees Better 2021 As 4Q Earnings Drop
01/29/21 AT 9:56 AM
Caterpillar reported a drop in fourth-quarter and annual profits Friday on broadly lower sales amid the pandemic, but said it expects an improving 2021 with global economic recovery.
The industrial giant, which manufacturers and sells equipment for the mining, construction and energy industries, sees a better 2021 after the hit from the coronavirus weighed on results last year, Chief Executive Jim Umpleby said on a conference call with analysts.
However, Caterpillar did not reinstate annual projections. The company withdrew its forecast in March amid the upheaval of the pandemic.
We do expect 2021 to be better, said Umpleby, adding that the trajectory of the coronavirus remained a wild card, along with the effectiveness of the vaccine rollout. ....

Jim Umpleby , Chief Executive Jim Umpleby , ஜிம் ஊம்பிலெபி , தலைமை நிர்வாகி ஜிம் ஊம்பிலெபி ,

Butler on wheels, robot cutting salad: How COVID sped automation

Butler on wheels, robot cutting salad: How COVID sped automation
sentinelsource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sentinelsource.com Daily Mail and Mail on Sunday newspapers.

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Increased Pandemic Automation Fuels Workforce Anxiety

Increased Pandemic Automation Fuels Workforce Anxiety
The COVID-19 health crisis has undoubtedly pushed companies toward automated processes and robotic systems. As the vaccine is rolled out, some worry workers may be permanently displaced as health restrictions loosen
by Olivia Rockeman, James Attwood and Joe Deaux, Bloomberg News
/
December 17, 2020
Refraction AI in Ann Arbor has developed an autonomous delivery robot. The first generation Rev1 sits at a red light in Kerrytown while on a mission Wednesday, Jan. 15, 2020 to deliver sandwiches in downtown Ann Arbor. (Mandi Wright/Detroit Free Press/TNS)
TNS
(TNS) For decades, the attitude of unions and their advocates to increased automation could be summed up in one word: no. They feared that every time a machine was slipped into the workflow, a laborer lost a job. ....

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Unions Worry Uptick in Automated Jobs Will Go Beyond Pandemic

Unions Worry Uptick in Automated Jobs Will Go Beyond Pandemic
To maintain productivity and safety, some jobs are installing robot coworkers. Labor unions worry that the robots will continue to occupy jobs after the pandemic ends while others say they will free up workers for other positions.
Olivia Rockeman, James Attwood and Joe Deaux, Bloomberg News
|
December 17, 2020
| Analysis
(TNS) For decades, the attitude of unions and their advocates to increased automation could be summed up in one word: no. They feared that every time a machine was slipped into the workflow, a laborer lost a job.
The COVID-19 pandemic has forced a small but significant shift in that calculation. Because human contact spreads the disease, some machines are now viewed not exclusively as the workers’ enemy but also as their protector. That has accelerated the use of robots this year in a way no one expects to ....

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