Manufacturing world is not immune from trends, and they are usually started as a result of technological advancements. Business owners should be aware of those developments, because they may be shaping the future of manufacturing and machining industry. The impact may be significant both on customers and businesses. Pandemic put employee and customer safety into focus on continuous improvement initiatives. Supply chain is now focusing more on physically close sources. On the other hand, the IoT means we are globally connected more than ever before.
- It has been a trend on the rise in manufacturing to help get workers with the proper equipment and technology that allows them to collaborate from a distance.
- Predictive maintenance is very valuable for companies because it provides lower costs, less failures and less downtime.
- Adopting predictive maintenance that is successful is difficult because it requires manufacturers to collect and work with specific variables.
“While an efficient rollout of an effective vaccine for COVID-19 would bode well for an eventual return to normalcy for the manufacturing industry, the impact of such a rollout won’t be felt for some time.”