Industry 4.0 is the next phase of digitalization in the manufacturing sector that is driven by factors including the proliferation of data volumes, growth of connectivity and computational power, and key advancements in manufacturing innovations. Although they are...
In recent years, additive manufacturing (AM) has created a buzz in industries across the world, promising a flexible and cost-effective alternative to traditional manufacturing. One such sector that AM has brought about key transformations is the aviation...
The past decade has been tumultuous for the global manufacturing sector. Large developing economies made their way into the first tier of manufacturing nations, a severe recession choked off demand, and there was a steep fall in manufacturing employment in advanced...
Manufacturing as we know it is going through a phase of unprecedented transformations. Several initiatives and efforts are in full swing to fundamentally transform the manufacturing sector and associated processes. These initiatives, although known by different names...
The globalization of businesses over the last decade and the manufacturing industry, in particular have made it imperative for executives and risk managers to reassess the risks facing their organizational processes and their supply chain activities. Effective supply...
What is lean product development? ‘Lean’ refers to any process improvement that substantially and sustainably improves the output of your system. Lean product development involves increasing the focus on using lean to meet the need for innovative solutions in the...
The U.S. manufacturing industry is facing unprecedented challenges. The sector stands at a critical point in its long history wherein the future of the big and small manufacturing companies will largely depend on how industry leaders view and react to the changing...
What is contract manufacturing? Contract manufacturing is often used interchangeably with the term ‘outsourcing.’ outsourcing is the technique of transferring portions of work to outside sources and suppliers, instead of undertaking the entire work within the company,...
Despite the rising challenges, top companies are keen on orchestrating the latest manufacturing industry trends into their business strategy. As a result of leveraging advanced manufacturing capabilities, manufacturers are benefiting from increased visibility into...
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