Predictions from June – July 2020
As COVID-19 continues to stress the majority of industries, manufacturing companies of all sizes are feeling the impact.
With the future of manufacturing looking increasingly digital, manufacturers are having to evaluate how to adapt and find success in a very different world.
The manufacturing industry across the board is seeing an even greater need for smart manufacturing operations and increased technological capabilities to maintain flexible and agile operations. Shifting customer demand and the need for faster production lines is putting pressure on manufacturers to prioritize automation.
Of course, it makes sense that companies with an established digital commerce footprint have been doing far better than manufacturers with only physical channels, which have largely been limited or even shut down. After the initial period of crisis management, manufacturing executives are now ready to look ahead for new digital opportunities.
3. “Twin It To Win It: How Digital Replicas Can Help Manufacturers Future-Proof Their Supply Chains”
In order to build increased agility, responsiveness, and resilience, manufacturing companies can explore the idea of “digital twins.” Digital twins act as virtual replicas of a physical product, equipment or process, and can give companies a greater understanding of their supply chain network. This helps manufacturers face future challenges with the ability to make good decisions and maximize productivity.
In this constantly evolving environment, organizations have to remain on their toes and adapt in the name of innovation and for their survival.