Senior executives seek answers to questions like - Can I make my supply chain agile; Can I do online RFPs and supplier management. Can I run my factories remotely? Can I ensure social distancing on the factory floor by reducing the number of people on the factory floor?
The COVID-19 pandemic has exposed the fragility of long, complex supply chains. It has also shown how reliant many US and European companies are on the overseas supply of critical items, bringing to the fore a long-debated issue-are we ready to reshore?
It has been over 6 months without any in person events. With that in mind we are putting together a special feature article for the fall to highlight some of the new products and services our partners have rolled out during that time.
Global organisations are turning to multi-sourcing and regional supply chains; COVID-19 has accelerated a rethink of supply chains, prioritising flexibility and robustness; Domestic politics and geopolitics impact supply chains as Brexit, elections and rival superpowers clash.
Many industrial leaders were encouraged to find the use of manufacturing executions systems (MESs) and plant data repositories (Historians) reduced the challenge of maintaining effective control of production from afar.
New Orders and Production Growing; Employment Contracting; Supplier Deliveries Slowing at Faster Rate; Backlog Growing; Raw Materials Inventories Contracting; Customers' Inventories Too Low; Prices Increasing; Exports and Imports Growing
Forward, Toward a New Normal - A transitional playbook for resuming manufacturing operations in the [hopefully soon to be post] Covid-19 Era
As companies and their workforces emerge from their forced coronavirus hiatus, a clear picture of a "new normal" for the manufacturing business and its employees remains elusive, with only hazy possibilities and vague pathways forward.
COVID-19 is still a problem, but with a little luck and a lot of hope, industries are close to reopening. While we see a break in the clouds, no one is quite sure what the road to recovery really means.
2020 State of Manufacturing Report Finds Severe Levels of COVID-19 Disruption, Clear Industry Commitment to Digital Transformation
Hundreds of senior decision makers in healthcare, robotics, and other industries report damaging COVID-19 impact, focus on digital transformation, and emphasis on building supply chain resilience through agility
• Exceptional ROI expected for companies who have embraced digital technologies amid COVID-19 • New normal will include hybrid models of digital technology with physical activity • COVID-19 has resulted in unprecedented levels of global collaboration
Supported by an integrated ecosystem, the technologies are composed of augmented reality, rapid application development, autonomous robots, digital simulation, and additive manufacturing.
Put simply, vertical integration is a strategic structure which means that a company owns the supply chain for its products or services. Fundamentally, this is considered to be important as it implies a certain and robust degree of control over operations.
While the global covid19 pandemic seems to be fading into the annals of history, the next crisis loomed large before the last one could begin to fade away into obscurity. What do these two most recent crises in the US demonstrate to the manufacturing world?
Smith College Team From Massachusetts Wins CoVent-19 Challenge to Design New Ventilator for Developing World
-"We came into this not knowing anything about ventilators," SmithVent team lead says -Top 3 teams from over 200 submissions win on-demand 3D printing services from Stratasys
Read to know how the many process manufacturing businesses around the world impacted by COVID-19 can bounce back.
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