One of the biggest challenges facing manufacturing businesses today are issues related to the supply chain, the need for re-shoring and the ability to retain and retrain skilled workforce.
With the pandemic slowing production in China and much of Asia, businesses reliant on offshore production are still feeling the effects of lockdowns over the past two years. COVID related restrictions and density limits on workers means automation in the industry is increasing faster than ever. Shipping, too, continues to face delays with no signs of abating.
Over the past decade, the manufacturing industry is making the transition from growth to capital discipline. Hence, the need for digital solutions such as ERP systems, inventory management software and enterprise optimisation via prescriptive analytics – are just a few technology innovations that will help manufacturing companies deliver better outcomes and products.
Cognisium experts have extensive experience in the manufacturing sector and they can help you navigate the challenges this industry is facing.
Technology has always played an integral role within the manufacturing industry. From the design process to manufacturing and logistics, technology has helped the entire industry evolve. As demand increased, technological advancements in conjunction with low-wage workers primed countries like China and India to become the manufacturing hub of the world.
Over the years, advanced technologies such as robotics, nanotechnology, 3D printing, cloud computing, and the internet of things have fundamentally transformed the manufacturing process and industry.
Modern communication and other breakthrough technologies helped increase operational efficiency, strengthen relationships between stakeholders, as well as streamline the production process.