Circular economy practices that prevent goods from going to landfills - by encouraging reuse or recycling - can help. However, these practices aren't always easy to implement. Brands are experimenting with Industry 4.0 technology that may streamline the circular approach.
Productivity issues, skill shortages and business project backlogs are the main reason that low-code solutions will make up 65 per cent of application development by 2024, according to Gartner.
The manufacturing sector seems to be experiencing delays and disruptions far more than other industries. Part of this is because of others' reliance on it, and another reason is the commonality of critical flaws within supply chains.
When manufacturers want to implement a new production line, they are examining all of the possible risks and scenario planning for every reasonable action that could either prevent or mitigate a risk if it materializes.
Addressing lost productivity is particularly critical in today's climate. Despite technological advancements and economic growth, manufacturing productivity has declined since 2010, likely for the first period in American history.
Strategic Sourcing is about investing in alternate sources and deep supply-based analytics to squeeze every available part out of the worldwide supply.
The American Welding Society estimates a 400,000-worker shortage by 2024. The urgent need for more welders and higher skill levels among welding personnel is widely known and accepted in the U.S. manufacturing industry.
By implementing intelligent processes, data processing enables the creation of strong manufacturing roadmaps, improves product quality, and influences end customer sentiments.
The manufacturing sector increasingly relies on factory automation to reach targets and keep quality levels high. However, no matter if a facility is fully or partially automated, there are essential safety practices to follow. Here are some of them.
Both autonomous manufacturing and hybrid autonomous manufacturing introduce a level of automation never seen before. The system does all the work, with machines and technology as a strong foundation, and people are relegated to monitoring and support.
While zero-emissions equipment and waste reduction strategies are crucial, sustainability is complex, involving far more factors than construction work itself. The manufacturers that produce building materials must also improve for the industry to become truly sustainable.
According to ABB, the power and automation company, the addition of a VSD can reduce energy consumption by as much as 60 per cent. This means that, if a 90-kW motor in continuous operation is combined with a VSD, financial savings can amass to over Â£9,000 per year.
While the refined copper market had a 142,000-ton surplus in 2020, experts predict that to fall to a 219,000-ton deficit by 2025. This shortage has already started to take effect and will have increasingly severe consequences as it continues.
Gartner found last year B2B buyers now only spend 17 percent of their time meeting with potential suppliers and vendors when deciding a purchase. Virtual selling via digital channels and commerce to price to quote (CPQ) techology is predominating.
Wondering how to solve supply chain problems? Leaders should ask these three questions to uncover supply chain strategy opportunities.
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Cutler authors more than 1000 feature articles annually regarding the manufacturing sector. Cutler has established special divisions including African manufacturing, Colombian manufacturing, Gen Z workforce, and Food & Beverage. Cutler was recently named the Global Supply Chain journalist of the year for the second time in a row. Over 5200 industry leaders follow Cutler on Twitter daily at @ThomasRCutler. Contact Cutler at firstname.lastname@example.org.