2020 continues to be a year of turbulent change. This is as true in the world of manufacturing as it is in the rest of society. Keeping up to date on manufacturing trends can help professionals in the industry understand how to succeed in these changing times. Here are a few of the most important trends to know about right now.
Much as it is with other fields, manufacturing is becoming dependent on data and technology. ERP software and KPIs make it easier for businesses to understand which of their processes work and which ones need to be abandoned.
However, it is just as important to understand how to make use of all the technologically advanced data that is available. Many of today’s online dashboards for the manufacturing industry can help. However, it is vitally important for decision makers to use this information to make impactful change in their organizations.
This change may involve anything from providing managers with enhanced training to finding a better way to automate processes. Regardless of the shape it takes, data-backed action is an important indicator of success for manufacturing organizations in 2020.
In a time when many individuals feel shut off from the larger world, businesses are relying on global relationships more than ever. Global affairs in the manufacturing industry are flourishing.
One example is a new strategic alliance between Microsoft Corp. and Hitachi Ltd. that spans multiple years and geographical areas. This alliance stands to add strength to both corporations and boost their manufacturing and logistics operations. Its main purpose is to allow both organizations to transform these industries in North America, Southeast Asia and Japan.
International alliances can help manufacturing organizations improve their processes in multiple ways. Having more resources or technology readily available and finding ways to reduce costs are two possibilities for growth.
Automation is taking the manufacturing world by storm, with robotically run production plants becoming a popular option for some companies. While they are still the minority, these plants are realizing increased production and decreased labor. In the meantime, small-scale automation is quickly becoming the standard within the industry.
With options such as nighttime automation and computer-run CNC machines, many manufacturers will find that a variety business challenges can be solved through automation. As with any other corporate decision, automation requires business leaders to incorporate it in a slow, strategic manner.
As computers and technology continue to advance, newer, faster and better opportunities for automation should present themselves. These may present new challenges as well as new advantages for decision makers in the industry.
Are you looking to learn even more about the latest updates in your industry? Do you want to be a more well-rounded professional? Business Watch Network is proud to offer engaging manufacturing webinars for those in the manufacturing field and other industries.