INDUSTRY INSIDER | April 11, 2024

Bobcat Company Named to Fast Company’s 2024 Most Innovative Companies List

Original Source:FocusOn Equipment Rentals & Retailers

Bobcat Company (Bobcat), a global equipment, innovation and worksite solutions brand, has been recognized as one of Fast Company’s 2024 Most Innovative Companies. The Most Innovative Companies honor places Bobcat in the spotlight among other organizations that are transforming industries and shaping society.

“With innovation being at the core of our legacy, Bobcat is driving the industry forward reaching new heights,” said Joel Honeyman, Doosan Bobcat vice president of global innovation. “We believe that embracing technology and innovation is vital to long-term success, and we are thrilled to be recognized on Fast Company’s Most Innovative Companies list.”

Since 1958, Bobcat has been looking forward in all aspects of its business to transform how the world works, builds cities and supports communities for a more sustainable future.

Advancing Manufacturing for Efficiency and Precision

Bobcat is recognized in Fast Company’s Most Innovative Companies’ manufacturing awards category. Bobcat has advanced its manufacturing facilities—both in terms of its footprint and the technology within its many global locations.

Recent updates to its facilities have included a $9.3 million automated press system in its Gwinner, N.D., manufacturing facility; technology in its Statesville, N.C., facility that streamlines component inspection; and a new robotic forming press in its Johnson Creek, Wis., location that minimizes operators’ manual labor while improving precision.

All of these advancements have led to improved efficiencies, greater precision and more ergonomic worksites for its employees.

Inventions for the Job Site of Tomorrow

With a focus on innovation, Bobcat is paving the way for electrification and autonomy in equipment design and development. Since 2022, the brand has launched several industry-first machines, including the all-electric T7X compact track loader, the all-electric concept S7X skid-steer loader, and the fully electric and autonomous concept pair of loaders, the RogueX and the RogueX2.

These new machines have garnered many new patents and patents pending, signifying how Bobcat is defining a new work experience while bringing sustainable solutions to the marketplace.

Recognition, Optimism in Moving the World Forward

This year’s Most Innovative Companies program showcases 58 industry categories—with manufacturing, health, climate, energy and AI among its popular categories. A panel of Fast Company editors and writers identified the companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world.

“Our list of the Most Innovative Companies is both a comprehensive look at the innovation economy and a snapshot of the business trends that defined the year,” said Fast Company editor-in-chief Brendan Vaughan. “We saw extraordinary innovation across the board in 2023, but we also saw a handful of clear patterns: the growing footprint and impact of AI, the triumphant return of live events, and great leaps forward in climate tech. We face daunting challenges on many fronts, but the solutions we celebrate in MIC give me plenty of hope about the future.”