Everything from pandemic production pivots to Suez Canal blockages shows the unpredictability of supply and demand. Unanticipated impacts to manufacturing processes are imminent, but there are three key considerations to mitigate the impact on business operations:
We have reached a tipping point to reengineer our end-to-end supply chains. Resilience across the entire value chain is critical. You must have the systems in place and ensure there is no over-dependence on any one partner, country, or region.
Cloud-native supply chain solutions for wholesale distributors, specialty retailers, and discrete manufacturers are critical because each is stuck in the financial quicksand of inventory decisions. Refining pricing strategies are required to achieve financial goals.
While keeping a budget in mind is necessary for any business decision, there are places you shouldn't cut corners-and that is especially true for PCB and electronic manufacturing.
The challenges facing the manufacturing industry are many. And as the current health crisis continues, the future is an unknown landscape. To survive and ultimately thrive, companies must increase profitability, supply chain resilience, and embrace new technologies.
COVID has accelerated the B2B eCommerce digital transformation. B2B buyers five years ago are diametrically different from today's buyers. B2B buyers in the next decade will morph in ways which cannot be imagined today.
Today a growing number of robust plastic and metal 3D printing technologies exist with the accuracy and repeatability required for use in end-use part and component production, and the palette of materials is extensive.
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?
In the wake of the global COVID-19 supply chain nightmares, additive manufacturing has significant implications for improving supply chain resiliency for many manufacturing companies. This is especially the case for companies using a just-in-time methodology.
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.
Supply chain visibility and diversification have become top priorities for manufacturers, retailers and logistic providers. Today, they are faced with challenges they never expected, but - luckily - they are using new technologies to solve them.
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.
Getting everything you can out of your technology and processes has never been more critical. In supply chain management and logistics, there is a new way to streamline your operations.
Procurement Technology - What it Can and Cannot Replace in a Manufacturer's Journey Towards Supply Chain Resilience and Agility
This article reviews the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis.
To truly maximize IIoT, manufacturers need a single solution that supports scalable-IIoT deployments and creates a collaborative environment that's data-driven and provides transparency across the entire production process.
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INTERWIRE will bring you back to the future of wire making with an Industry 4.0 theme. Automation, AI, robotics, data analytics, and machine learning affect the way wire is made and how well companies compete on the world stage. Ready or not, change has arrived. You are invited to INTERWIRE to explore what is imminent, what is here to stay, and what these changes mean for your plant, personnel, and production goals. Visit often for developing details on the industry 4.0 Pavilion, speakers, conference sessions, production demos, exhbits, and an inspiring new format.