Category Archives: Podcast

Swarfcast Ep. 6 – The Mind of an Auctioneer with Robert Levy

By Lloyd Graff

Scroll down to listen to the podcast interview with Robert Levy.

In today’s podcast we interviewed Robert Levy, longtime industrial auctioneer and owner of Robert Levy Associates, a firm that consults with companies looking to monetize their industrial assets.

Robert joined his family auction business, Norman Levy Associates, in 1980 but only had the opportunity to work with his father for three years. He and his brother continued to grow the company until finally selling it to DoveBid (now GoIndustry DoveBid) in 2000 for $30 million. He stayed on the board of directors at DoveBid but then parted ways four years later, dissatisfied with the direction of the company, which many unhappy former Norman Levy Associates employees had already quit.

At the end of the interview Robert said, “I’ve been in the business 40 years and I’ve been in three companies, and I would still like to be in the one I was at originally.” It was an interesting comment, but my bet is that Robert doesn’t regret his life’s journey from stand to stand.

Robert Levy of Robert Levy Associates, Inc.

Sometimes you have to burn down the old to grow and thrive, and if nothing else just survive. Sometimes the clear choice is to sell out to a competitor or private equity firm. Or, you hire someone like Robert to help liquidate your assets that are not giving you what you need anymore. Then go build something new and great.

You still get to keep your fond memories of the past.

Question: Does bidding in an auction excite you or make you crazy?

Share this post

Swarfcast Ep. 5 – Esben Østergaard of Universal Robots

By Noah and Lloyd Graff

Scroll down below the blog to listen to the podcast interview with Esben Østergaard.

Today’s Swarfcast is an interview Noah and I recently conducted with Esben Østergaard, founder and chief technology officer of Universal Robots, a Danish firm that sold out in 2015 to automation conglomerate Teradyne for $285 million.

Esben started the company on a shoestring with his partners in 2005. They struggled to build a viable prototype and then luckily found an investor who believed in their idea of a compact, inexpensive robot that was easily programmed by factory floor workers. The robot was intended to be used as a tool for a person, or “cobot.” It was not intended to be used as stand-alone automation like traditional robots developed for giant automotive plants, doing work around the clock on the same job year after year.

Esben got into robots as a child, developing his first crude robot to solve a problem for his father who was working as an engineer building the water system in Seibu City in the Philippines. At the time, his father’s staff was using dogs and piglets to carry cables through the pipes, but the animals proved unreliable and ornery. Esben developed a battery powered robot made from Legos to pull the cables though, which beat chasing dogs around the project.

In the senior year of his Masters Degree studies, Esben and a team of other students developed a robot soccer team which ultimately won a World Championship in the event. Later he studied and worked in Los Angeles and Japan, but eventually returned to the University of Southern Denmark for graduate work and a teaching position.

His passion was to start a company to bring about his vision of a low cost but exceptional robotic arm that would aid people on the factory floor, rather than replace them.

In 2008, with the company starving for the cash needed to develop the distribution and sales to reach the 25 units per month break even point, they found an investor.

Esben Østergaard of Universal Robots

Esben is delighted by the creative ways people are using his cobots, which most people can learn to program in a free 88-minute online course. Universal Robots are giving massages, being used in hospitals for rehab, and landing airplanes as co-pilots. They have even found their way into movies as villains. “You don’t even have to dress them up,” Esben says.

We asked him if he felt that robots would ultimately replace many people in the work force. He said that many companies who have bought Universal Robots actually end up hiring more people because their businesses grow.

Esben said that he sees the definition of “work” constantly evolving. He said that if a person from a hundred years ago saw a modern office she would not be able to identify a single person working. History has shown that people are driven to work, but they must keep adapting and constantly reeducating themselves as technology advances.

Question: Are you afraid a robot will take your job?

Share this post

Swarfcast Ep. 4 – Our Family Treasure Hunting Business

By Noah Graff

Listen to the podcast with the player below.

In today’s podcast Lloyd Graff and his son Noah delve into their family used machine tool biz… er treasure hunting business. They discuss how Noah came to work at Today’s Machining World and Graff-Pinkert, what it’s like working together and basic alchemy.

Question: Would you like being in business with a family member?

Share this post

Swarfcast Ep. 3 – Part 2 of Miles Free Interview

By Noah Graff

Miles Free, Director of Research and Technology at the Precision Machined Products Association, opines on electric cars, economic patriotism and how American machine shops have evolved to thrive in today’s economy.

Question: Are tariffs aimed at China economic patriotism or a tool for the enemy?

Listen to Swarfcast in the player below.

Honda Assembly Plant in Liberty OH   (Dayton Daily News)

 

 

Share this post

Swarfcast Ep. 2 – Talking Tariffs with Miles Free

By Noah Graff

Listen to Swarfcast in the player below.

In Episode #2 of Swarfcast, Today’s Machining World’s podcast, Noah interviewed Miles Free of the PMPA (Precision Machined Products Association). Free is one of the world’s foremost authorities on the steel trade. They discussed how the recently implemented tariffs on raw materials into the United States affect the U.S. precision machining industry.

In the interview Free equated harsh raw material tariffs to economic sanctions on imports that the United States would inflict on an enemy like Russia or Iran.

If you want to learn about Trump’s new tariffs listen to this interview!

This interview was conducted in April, so at times Free will refer to tariffs as a potential threat rather than a current one.

Question: How are tariffs affecting your business?

Share this post

Ep. 1 – TMW Launches Swarfcast

By Noah Graff

Listen to Swarfcast in the player below.
At long last, Swarfcast, Today’s Machining World’s podcast, is up!

Swarfcast centers around similar topics that readers have enjoyed in Today’s Machining World during its first 18 years. Wow, that’s awhile.

Each week, Lloyd and Noah Graff will interview colorful people who will give their take on the machining business and a whole array of topics that we think our readers (and now listeners) may find interesting.

In the first episode, Noah interviews Lloyd (his dad). Lloyd reflects on the last 60-some years of his life—as a 12-year-old kid submitting articles to Readers Digest, to trying out for the Chicago Cubs, to owning a used machine tool company and a magazine.

Share this post