Over 6% of total EU employment is linked to the automotive sector, and the sector’s turnover represents over 7% of EU Gross Domestic Product (GDP). At the same time, the automotive sector is a major private investor in research and development (R&D).
The use of industrial robots in factories around the world is accelerating at a high rate: 126 robots per 10,000 employees is the new average of global robot density in the manufacturing industries. This is nearly double the number in 2015 (2015: 66 units) according to the 2021 World Robot Report.
Business aviation leaders have pledged to achieve net-zero CO2 emissions by 2050 as they expanded on a set of bold climate commitments made a decade ago, marking the latest in a string of new sustainability announcements at their main event of the year.
The National Association of Manufacturers in the U.S. released its Manufacturers’ Outlook Survey for the fourth quarter of 2021, showing that manufacturers remain mostly optimistic in their economic outlook (86.8%, down from 87.5% in Q3) but are significantly concerned with issues such as inflation, hiring and potential tax increases targeting manufacturers.