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Caterpillar Profit Falls on Lower Demand

Caterpillar Inc., the maker of mining trucks and heavy equipment, today reported a lower second-quarter profit after dealers reduced inventory amid slumping demand.

In China, and world over, it will soon be all about adroitly adjusting on the fly

The concepts Industry 4.0 in Europe, Made in China 2025 and smart manufacturing in the U.S. “all share a common goal—to create cyber-physical systems to innovate in manufacturing,” IDC's Bob Parker said at Dassault Systèmes’ recent Manufacturing in the Age of Experience event. “And it’s really dependent on a set of new technologies like IoT (the Internet of Things) and artificial intelligence (AI).”