Rising demand for high-quality, affordable products has put pressure on manufacturers to optimize their processes. Let’s explore some of the leading solutions that have transformed the industry.
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In today’s globalized, competitive marketplace, being able to leverage technology solutions to deliver faster turnaround times and achieve economies of scale can mean the difference between success and irrelevancy.
87% of the hours spent on activities performed by workers in production occupations are automatable.
With the cost of human labor now 15% higher than the cost of robotic labor, having a mixed environment equipped with automation and “cobots” could pay off in the long run.
The global market for 3D printing and services is expected to reach $50 billion by 2025.
How will 3D printing directly impact manufacturers?
It enables companies to create low-cost prototypes with higher precision. It also supports:
When companies have greater visibility into sales, inventory and departmental metrics, it’s easier to stay aligned to business goals and find areas of improvement.
Additional benefits of data management software and storage solutions:
Manufacturers need to be able to communicate with their partners, suppliers and teammates anytime, anywhere — from the warehouse to factory.
41% of business decision-makers say ensuring security of data in dispersed environments is a top concern.
Specifically, manufacturing is the 3rd most vulnerable business sector to cyberattacks.
But nearly 30% of all network attacks can be prevented with the addition of better security reviews and controls.
The industry may have as many as 2.4 million jobs to fill between now and 2028.
Why? There’s a shortage in skill sets for the technology trends listed above.
Investing in training opportunities around both emerging trends and traditional expertise can help increase talent attraction and retention.
And fewer errors, greater productivity and lower turnover may lead to long-term cost savings.