CNH Industrial is making great strides in delivering on its Ag Tech roadmap. It has achieved progress in precision technology space at a two-day event. It took place in Phoenix, Arizona, USA.
“Our Tech Day will show the world how CNH Industrial is leveraging our great iron to develop and deploy technology that simplifies and enhances operations, provides insightful data, and utilizes alternative power solutions all to sustainably advance farming,” said Scott W Wine, CEO, CNH Industrial. “Raven’s significant contributions to this effort will also be on full display – demonstrating how we have incorporated their capabilities and accelerated our technology offering to create customer solutions that drive efficiency and profitability.”
CNH Industrial’s full year 2022 agriculture net sales are expected to include an estimated $900 million contribution coming exclusively from precision technology components. It forecast a 10-15% annual growth rate across the next two to three years and are aggressively pursuing an estimated $1 billion in 2023 net sales contribution from such components. Precision technology components include technology contained in whole goods, retrofit components, and Raven third-party sales.
The morning saw CNH Industrial’s leaders and technical experts review its Ag Tech innovations with a specific focus on precision technology through automation, autonomy and connected platform technologies. Raven is accelerating its autonomy program and enhancing tech stack capabilities to deliver solutions faster.
The demand to reduce emissions and address the evolving energy crisis intensifies our drive to find new ways to power our iron. CNH Industrial is a first mover in alternative fuels and electrification for agriculture. This event saw them unveil world firsts for liquefied natural gas – generated from captured methane – and electrification in farming. They play a key role in our sustainability journey to set and reach science-based reduction targets.
