Latest news with #Manufacturing
Yahoo
5 hours ago
- Business
- Yahoo
Invisalign maker Align Technology cuts annual revenue forecast on weak demand
(Reuters) -Teeth aligner maker Align Technology on Monday cut its annual revenue growth forecast as macroeconomic uncertainties weighed on demand for its dental products, sending the company's shares about 30% lower in extended trading. The company, which makes Invisalign teeth aligners and other dental products, now expects 2025 revenue growth to be flat to slightly up from 2024, compared with its earlier forecast range of 3.5% to 5.5%. "Recent dental industry surveys for the second quarter suggest there was less overall patient traffic, fewer orthodontic case starts, and patient hesitation toward elective procedures," President and CEO Joe Hogan said in a statement. "As we begin the third quarter and plan for the remainder of the year, our outlook anticipates the potential continued economic uncertainty and spending hesitancy that impacted demand for our clear aligners and new iTero scanner systems in the second quarter." The company said it expects to realign certain business groups and reduce its global workforce, but did not give details on the job cuts. It also plans to optimize its manufacturing footprint by increasing automation and regionalize manufacturing to be closer to its customers, the company said. It expects to incur one-time charges of about $150 million to $170 million in the second half of 2025. Align Technology reported revenue of $1.01 billion, down 1.6% from last year and below analysts' estimates of $1.06 billion, according to data compiled by LSEG. The Tempe, Arizona-based company, expects its third-quarter revenue to range between $965 million to $985 million, the mid-point of which was below analysts' estimates of $1.04 billion. On an adjusted basis, the company earned $2.49 per share for the quarter ended March 31, compared with estimates of $2.57 per share.
Globe and Mail
10 hours ago
- Business
- Globe and Mail
Global Lift Tables Market to Reach USD 1.85 Billion by 2030, Growing at a CAGR of 6.41%
"Global Lift Tables Market Research by Arizton" Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2025–2030. The global lift tables market is projected to reach USD 1.85 billion by 2030, growing at a CAGR of 6.41% during 2024–2030, according to the latest report by Arizton Advisory & Intelligence. North America remains the largest regional market, holding over 37% share, while Asia-Pacific is set to record the fastest growth, driven by expanding manufacturing, warehousing, and smart automation trends. Report Summary: Market Size (2030): USD 1.85 Billion Market Size (2024): USD 1.27 Billion CAGR (2024-2030): 6.41% HISTORIC YEAR: 2021-2023 BASE YEAR: 2024 FORECAST YEAR: 2025-2030 LARGEST REGION (2024): North America FASTEST-GROWING REGION: APAC MARKET SEGMENTATION: Power Source, Mechanism, Application, Load Capacity, and Geography Lift Tables Market Trends 2025: Custom, Mobile, Smart, and Electric Solutions Drive Growth Increasing Demand for Customizable and Mobile Solutions: Manufacturers are investing in customizable lift table solutions to meet diverse industry needs. Adjustable heights, specialized platforms, and application-specific features help handle oversized loads and integrate smoothly with conveyor systems. For instance, Copperloy's ergonomic lift and tilt tables, with capacities from 900 to 4,500 Kgs, are designed for varied sectors. Meanwhile, the rising preference for mobile lift tables adds flexibility to material handling. Equipped with casters and multiple power options, manual, battery or electric, these tables streamline transport, stock replenishment, and workstation setup, enhancing efficiency while reducing manual strain. Integration with IoT and Smart Systems (Industry 4.0 & 5.0) The industry is investing heavily in smart automation, incorporating IoT sensors, predictive maintenance, and real-time monitoring systems. These technologies can reduce downtime by up to 80% and facilitate remote monitoring. Future developments will include AI and machine learning to enhance decision-making, aligning with the human-centric and sustainable principles of Industry 5.0. Consequently, lift tables are evolving into integrated components of warehouse management systems, necessitating robust R&D and cybersecurity measures. Transition from Hydraulic to Electric Lift Systems The global lift table market is moving fast from traditional hydraulic systems to electric and hybrid designs, as industries demand higher efficiency, precision, and sustainability. Electric lift tables cut energy costs by up to 50%, offer millimeter-accurate control, and eliminate fluid leaks, making them ideal for clean, automated environments. While hydraulic units still serve heavy-duty needs, new electro-hydraulic hybrids combine robust lifting power with advanced electric controls, meeting Industry 4.0 and green compliance goals. Manufacturers are actively investing in these modern systems to align with evolving industrial automation and clean material handling trends. Lift Tables Market News Advance Lifts, Inc. introduced Package Lifts for transporting pallets and luggage and an Electric Straddle Lift with adjustable heights. Bishamon Industries Corp. launched the "EZ-Off" series with a rotating platform for improved ergonomics and mobile hydraulic lifts with capacities up to 1,000 kg. They are also developing AGV-compatible lift tables. Copperloy unveiled a new heavy-duty portable loading dock platform and redesigned its corporate website. Southworth Products initiated the "Swift Lift 1" program, promising expedited delivery for popular hydraulic lift tables. In April 2024, One Equity Partners acquired Ballymore Safety Products, enhancing Lift Products, Inc. with new investment. Oshkosh Corporation acquired AUSA, enhancing JLG's product offerings, and expanded its range by acquiring Italian crawler-lift manufacturer Hinowa. Bolzoni Auramo formed a strategic merger, establishing a leading manufacturer of material handling attachments through collaboration with the Finnish entity Auramo. North America Emerges as Key Growth Hub, Secures 37% of Global Lift Tables Market North America leads the global lift tables market with a dominant share of over 37%, driven by robust demand across the US and Canada. Industries spanning manufacturing, e-commerce, and logistics continue to invest in lift tables to boost workplace safety, enhance ergonomics, and streamline material handling processes. These solutions play a vital role in reducing manual lifting and repetitive strain, cutting the risk of musculoskeletal injuries while elevating productivity. A notable trend shaping the market is the rapid adoption of smart, connected lift tables. Companies are integrating IoT-enabled controls, robotics, and automated guided vehicles (AGVs) to create safer, more efficient workflows in line with Industry 4.0 goals. Additionally, the shift from hydraulic to electric lift systems is gaining momentum, favored for their precision, quiet operation, and reduced environmental impact, further cementing North America's leadership in advanced material handling solutions. Key Vendors Advance Lifts, Inc. Bishamon Industries Corp. Copperloy Terex Corporation (Genie Industries) Oshkosh Corporation (JLG Industries) Lange Lift Company Lift Products, Inc. Premier Handling Solutions Southworth International Group Other Prominent Vendors Autoquip Corporation Econo Lift Limited EdmoLift AB Lift-Tech Materials Movement Marco Lift (Ningbo) Co. Pentalift Equipment Corp. PFlow Industries, Inc. Presto Lifts, Inc. Vestil Manufacturing Corp. Key Contenders: ADE-WERK GmbH Büter Hebetechnik Bolzoni Auramo Crown Equipment Corporation Haulotte Group Linamar Corporation (Skyjack) Jinan MORN Technology Okudaya Giken Co. (OPK) Stertil-Koni Market Segmentation & Forecasts By Power Source Hydraulic Lift Tables Electric Lift Tables Manual Lift Tables Pneumatic Lift Tables By Mechanism Scissor Screw/Spindle Chain & Sprocket Articulated Others By Application Manufacturing & Production Warehousing & Logistics Automotive & Aerospace Construction Healthcare Others By Load Capacity Heavy-duty Medium-duty Light-duty By Geography North America US Canada Europe Germany UK France Italy Spain APAC China Japan India South Korea Australia Latin America Brazil Argentina Mexico Middle East & Africa Turkey Saudi Arabia South Africa Other Related Reports that Might be of Your Business Requirement Global Tablet POS Systems Market - Focused Insights 2025-2030 Global Stair Lifts Market - Focused Insights 2024-2029 What Key Findings Will Our Research Analysis Reveal? Which region dominates the global lift table market? How big is the global lift tables market? What is the growth rate of the global lift tables market? Who are the major players in the global lift tables market? What are the key trends in the global lift tables market? Why Arizton? 100% Customer Satisfaction 24x7 availability – we are always there when you need us 200+ Fortune 500 Companies trust Arizton's report 80% of our reports are exclusive and first in the industry 100% more data and analysis 1500+ reports published till date Post-Purchase Benefit 1hr of free analyst discussion 10% off on customization About Us: Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Express Tribune
3 days ago
- Express Tribune
Gutka sales continue amidst police complicity
For any illegal activity, be it extortion, theft, or drug smuggling, strict enforcement of laws through the police is crucial to delineate the boundary between acceptable and deviant behaviours. However, when the law enforcers themselves are complicit in the crimes, little can be done to fix society. Recently, the Inspector General (IG) Sindh Police issued a circular to all divisional and district police officers, expressing concern over the widespread addiction to gutka among police personnel and instructing the initiation of rehabilitation efforts. The circular called for action against those who failed to comply, including potential dismissal from service. Syed Atif Ali, a resident of New Karachi, felt that the sale of gutka in the city was impossible without the complicity of local police. "Gutka is freely available at shops and paan stalls, and even Indian gutka is sold in the city," said Ali. Gul Muhammad Baloch, a social activist working in Karachi's Baldia Town, opined that although gutka was banned by the law, it was not yet perceived as a social evil. "As a result, its use remains common in homes and neighborhoods. Adults consume gutka in front of children, while people offer it to each other at social gatherings. Gutka should be recognized as a social vice. For this, an effective public awareness campaign should be launched with the involvement of schools, mosques, and community organizations," stressed Baloch. According to a report published by the World Health Organization (WHO), Pakistan ranks highest among countries in the Eastern Mediterranean region for the use of smokeless tobacco, which includes gutka, paan, betel nut (chhalia), and naswar. This widespread usage has contributed to a dangerous rise in cases of oral cancer, which has become the second most common cancer after breast cancer in Pakistan. Karachi is the most affected city in terms of the number of cases of oral cancer, with the majority of gutka users belonging to the lower middle-class areas of the city. The WHO report further claimed that after paan, gutka was the second most commonly used form of chewable tobacco in Karachi. Although the preparation, sale, and use of gutka is legally banned under the Sindh Prohibition of Preparation, Manufacturing, Storage, Sale and Use of Gutka and Manpuri Act, 2019, the law appears to be ineffective in practice. Even though a special task force consisting of police officials from various departments was established in March last year, its impact has been limited. Taha Ahmed Khan, Deputy Parliamentary Leader of MQM-Pakistan in the Sindh Assembly, revealed that the Sindh Assembly had passed a law against gutka however, there has been no meaningful enforcement. "It seems that there is no government presence in Karachi and the city is being run by mafias, including the water mafia, builder mafia, hydrant mafia, and gutka mafia," said Khan. Sadia Javed, a member of the Sindh Assembly from the Pakistan People's Party (PPP) and spokesperson for the Sindh government, claimed that the Sindh government was considering amending the law to impose stricter penalties against the sale of gutka. "Tackling major gutka dealers is essential for curbing its spread. IG Sindh Police is personally monitoring the issue," said Javed. The Express Tribune attempted to contact Superintendent of Police (SP) Samiullah Soomro, a member of the task force, to inquire about the number of offenders arrested and punished over the past one year, however, he did not respond. Similarly, Sindh Police spokesperson Syed Saad Ali was also sent several questions via WhatsApp but he too did not send a reply.
Yahoo
24-07-2025
- Business
- Yahoo
Mid-Atlantic Manufacturing Contraction Surprisingly Deepens, Richmond Fed Survey Shows
Manufacturing contraction in the US Mid-Atlantic region unexpectedly deepened in July amid weakness Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
23-07-2025
- Business
- Economic Times
ADB trims FY26 growth forecast to 6.5% on baseline US duty impact
The Asian Development Bank (ADB) has slightly lowered India's growth forecast for FY26 to 6.5%, citing US tariffs and policy uncertainty. Despite this, India remains a fast-growing major economy, supported by strong consumption and a revival in rural demand. The RBI also projects 6.5% GDP growth for FY26, while ADB anticipates improvement to 6.7% in FY27 with rising investments. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: The Asian Development Bank (ADB) on Wednesday lowered India's growth forecast for FY26 to 6.5% from 6.7% citing the impact of baseline tariffs imposed by the United States and impact of policy uncertainty on the downgrade, India continues to be one of the fastest growing major economies globally. The Reserve Bank of India (RBI) also projected India's gross domestic product (GDP) growth at 6.5% for FY26 from 6.7% earlier. The Indian economy grew by 6.5% in to the July Asian Development Outlook 2025, domestic economic activity remains resilient, supported by strong consumption, particularly from a revival in rural demand. "Services and agriculture sectors are expected to be key drivers of growth, the latter supported by a forecast of above-normal monsoon rains," it Manufacturing and Services Purchasing Managers' Index (PMI) indicates stronger performance in India in the first quarter of this fiscal year, compared to other economies in the Asia Pacific also noted that India's fiscal position remains healthy, aided by higher-than-expected dividends from the RBI. The central government is on track to meet its fiscal deficit reduction comparison, growth projections for China, the largest economy in the region, are unchanged at 4.7% in 2025 and 4.3% in 2026. "Policy stimulus for consumption and industrial activity is expected to offset continuing property market weakness and softening exports," the ADB South Asia, ADB revised the 2025 growth forecast down to 5.9% from 6% estimated in the April outlook."Asia and the Pacific has weathered an increasingly challenging external environment this year. But the economic outlook has weakened amid intensifying risks and global uncertainty," said Albert Park, ADB chief economist. "Economies in the region should continue strengthening their fundamentals and promoting open trade and regional integration to support investment, employment, and growth," he ahead, India's GDP growth is expected to improve to 6.7% in FY27 driven by rising investments, under the assumption of improved policy clarity and favourable financial conditions, following recent monetary easing. "The baseline expectations of lower crude oil prices will also support economic activity in FY2025 and FY2026," said the June, the RBI's monetary policy committee (MPC) cut the repo rate by 50 basis points to 5.5% and reduced cash reserve ratio by 100 bps to 3%, adding ₹2.5 lakh crore in liquidity into the banking next MPC meeting is scheduled for the first week of also revised its inflation forecast for India to 3.8% in FY26 from 4.3% estimated earlier, "reflecting faster-than-expected decline in food prices due to better agricultural production."India Ratings and Research (Ind-Ra) Wednesday revised India's growth forecast for FY26 to 6.3% from the previous estimate of 6.6%, due to tariff hikes by the US and a weaker investment climate. The Indian economy is facing both headwinds and tailwinds."Major headwinds are uncertain global scenario from the unilateral tariff hikes by the US for all countries and weaker-than-expected investment climate," said DK Pant, chief economist and head public finance at Ind-Ra."The major tailwinds are monetary easing, faster-than-expected inflation decline, and likely above-normal rainfall in 2025," he added.
