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...
How to Successfully Navigate Through the Transition to Smart Manufacturing
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...
US Manufacturing Industry: How to Improve Scalability and Compete in Future
The US manufacturing industry is quite different from what it was probably a decade or two ago. The erosion of American manufacturing companies has contributed to approximately two-thirds of the fall in the labor share of US GDP. This is primarily due to the fact that...
Critical Challenges facing small manufacturing companies in the U.S.
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...
Top European Manufacturing Industry Challenges to Look Out For in 2019
manufacturing industry challenges
Drilling Down the Workforce Management Challenges in the Manufacturing Sector
The manufacturing industry in the U.S. has made impressive strides in the past couple of years. The country has witnessed a rise in public awareness about the modern manufacturing industry, an increase in jobs returning to the country, and also the advent of new...
Why are Top Manufacturers Moving to Contract Manufacturing?
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,...
Manufacturing Industry Trends: What’s New in 2019?
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...
Top 3 Challenges Facing the Manufacturing Industry and Ways to Tackle Them
Leading players in the manufacturing industry are confronting uncertainties in the face of digitization and new customer expectations. The manufacturing industry is one of the important wealth-generating sectors of the global economy and accounts for a significant...