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manufacturing industry

Curated Insights on the Manufacturing Industry from Infiniti’s Industry Experts

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 the manufacturing employment in advanced economies. Despite this, manufacturing remains critically important to both the developing and the advanced world. The changing nature of the manufacturing sector means that old responses are no longer sufficient to sustain. While manufacturing remains crucial to support economic stability in both developing and advanced economies, business leaders and policy makers must keep track of the pulse of the sector to identify opportunities and challenges coming their way. We have curated some articles from Infiniti’s thought leaders about how the manufacturing environment is changing and what business leaders must do to adapt.

Key forces that will drive growth in the future of manufacturing in Europe

Europe’s manufacturing industry will play a significant role in building a sustained and competitive economy. The manufacturing sector currently accounts for nearly 15% of Europe’s GDP and will play a significant role in their long-term economic development. According to industry experts at Infiniti, factors including nearshoring in eastern Europe, carbon neutral manufacturing processes, and the rise of industry 4.0 will play a pivotal role in driving the future of manufacturing. Read the article for more insights.

A guide to effectively tackle your manufacturing overhead costs

The current scenario in the US manufacturing sector is much different from what it has been for over the past two decades. As output growth in the US manufacturing industry has been largely concentrated on a few industries such as electronics, pharmaceuticals, and aerospace, there has been a considerable fall in labor share of US GDP. The US manufacturing industry must now focus on positioning themselves to leverage existing opportunities and prepare to compete in the future rather than making attempts to recreate the past or maintain status quo. Gain expert opinion on how companies in the US manufacturing industry can tackle their excessive overhead costs on this blog.

Top manufacturing industry trends

Manufacturing companies around the globe are increasingly exploring radically new ways of creating and capturing value. Furthermore, with the changing demand of consumers, manufacturing will no longer be limited to producing physical products alone, it will largely revolve around personalization and customization. The new age industrial revolution also termed as industry 4.0 is powered by innovative technologies such as smart manufacturing, robotics, artificial intelligence and the Internet of Things (IoT). These technologies are expected to be major driving forces in the future of manufacturing. In this blog, industry experts at Infiniti provide comprehensive insights on the top manufacturing industry trends that you must watch out for.

FAQs on smart manufacturing

Smart manufacturing is one of the most trending topics among manufacturing experts right now. Smart manufacturing is a powerful force with the potential to restructure the existing competitive landscape and produce a new set of market leaders. In this blog, experts at Infiniti answer four key questions relating to smart manufacturing and how it is transforming the manufacturing landscape as we know it.

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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 such as industry 4.0 in the west to manufacturing innovation 3.0 in the east, they all stand to have a common pursuit – smart manufacturing. A fully-connected manufacturing business where machines, devices, and people work seamlessly, sharing and acting on information in real-time is vital for manufacturers to pull off a successful changeover to smart manufacturing.

The global push for smart manufacturing is underway, creating a pool of growth opportunities for manufacturers. Smart manufacturing techniques offer several opportunities for companies in the manufacturing industry to improve their operations by providing greater connectivity across the manufacturing facility and the ability to act on production intelligence. However, while some agile manufacturers have embraced smart manufacturing fully and are reaping the benefits already, most still have much work ahead of them. According to experts at Infiniti, less than 15% of manufacturing companies around the globe have successfully implemented a strategy to apply Internet of Things (IoT) technologies to their production processes. Experts at Infiniti explain how companies in the manufacturing sector can go about smartly implementing smart manufacturing in their organizations.

Learn more about how Infiniti’s solutions can help stay updated with the latest manufacturing industry trends and challenges.

Improve quality and productivity

Quality management and kaizen techniques can only provide limited outcomes when the information relied on are limited and not available in real-time. Manufacturers are leveraging embedded equipment intelligence to monitor most product specifications in real-time, either from a customer or regulatory perspective. Apart from this, they’re using this intelligence to address product defects and variations, verify whether quality goals are met, and improve customer satisfaction. Embedded intelligence, when used to improve control and transparency of manufacturing processes creates new opportunities to improve productivity. For instance, operators on the plant floor are analyzing real-time production data to uncover hidden inefficiencies and ensure faster implementation of changes. Managers and logistics professionals are leveraging smart manufacturing technologies to deliver critical data including forecasts and schedules to suppliers, while also monitoring delivery performances at the supply chain level.

Enhancing decision-making process

Manufacturers must consider upgrading their existing technologies in order to attain next-gen productivity. This involves reconciling dissimilar data sources with the current IT systems, extracting the data from smart manufacturing technologies, and then converting that data into actionable insights. Manufacturers that have adhered to these steps and armed themselves with better information are using it to optimize their assets, improve their responsiveness to changing customer demands, refine workflows, and reduce inventory holding.

There is an increasing need for for agile production, operational efficiency, and control in the manufacturing industry. Get in touch with our experts to learn how our solutions can help your organization keep up with the changing market dynamics.

Safeguard against threats

Availability of larger data sets and more connection points can introduce greater risk to manufacturing companies in the forms of internal and external threats. Cyber attackers are looking beyond corporate servers to target operations technologies, while decades-old devices and controls of companies in the manufacturing sector can be more susceptible to breaches through both malicious attacks and unintentional employee actions. No single security technology or methodology will suffice in this complex threat landscape. Instead, manufacturers must use a comprehensive, defense-in-depth approach that establishes security safeguards at different layers to stop threats on multiple fronts. Robust and secure network infrastructure should be built on standard and unmodified Ethernet, which has become the industry preference for security purposes.

Safe, compliant, and reliable operations

An ongoing concern for most manufacturers is to achieving safe, compliant, and reliable operations, and smart manufacturing technologies provide new opportunities for dealing with some of these age-old challenges. Common opportunities provided by smart manufacturing will include replacing obsolete and isolated automation systems that have exceeded their life spans, are difficult to connect and are no longer supported by their manufacturers. However, manufacturers also should define new requirements based on past performance in areas such as employee injuries, machinery downtime, and work stoppages.

Learn more about Infiniti’s solutions for companies in the manufacturing industry

Recent Posts

Segmentation Analysis Helps a Renowned Auto Accessories Store Effectively Position their Product Portfolio for the Latin American Market

While venturing into new markets, it is of utmost importance for any auto accessories store to analyze the appropriate customers with similar wants and needs. To design an effective market strategy and identify the potential target segment, leading auto accessories stores are advocating the need for a robust segmentation analysis. Through an effective customer segmentation analysis, businesses in the auto accessories space can direct their marketing efforts towards specific customer demographics. Furthermore, segmentation analysis helps businesses to offer a personalized customer experience for transforming customer satisfaction into brand loyalty.IR_Brochure

To establish their presence in the auto accessories space, leading providers are approaching Infiniti Research. Infiniti’s segmentation analysis experts help businesses analyze and organize customers data into meaningful insights to build robust strategies for targeting the right audiences. Also, with the help of segmentation analysis, leading auto accessories providers can allocate the resources effectively and gain better ROI.

The Business Challenge

A renowned auto accessories store with a considerable number of branches spread across the globe was facing predicaments positioning their product portfolios in the Latin American market. The client further wanted to segment the market and analyze each segment separately. Furthermore, the client wanted to understand the market landscape in terms of the competitors, their product positioning and devise effective strategies to gain a competitive advantage within the market segment.

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Our Approach

To maximize profitability and leverage the use of resources in an effective manner, the client approached Infiniti Research. With years of expertise in offerings a plethora of services, the analysts carried out a qualitative research comprising of interviews to improve the end user’s experience with the product. Furthermore, to understand the market potential, the client further crafted a dashboard by collating information from various proprietary sources such as paid industry databases, company presentations, and media platforms.

Benefits of Segmentation Analysis Solution:

  • Effectively defined markets and allocated resources accordingly
  • Identified the target groups and aggressively marketed to these segments
  • Identified potential opportunities in the market and devised an effective go-to-market strategy
  • Assessed the customer behavior in terms of the customer loyalty and customer affinity
  • Efficiently tailored products, services, and pricing to meets the needs of segments

Benefits of Our Integrated Approach

With the help of this segmentation analysis study, the client gained actionable insights into their customer base including the most and the least profitable customers. The engagement also helped the client understand the preferences of the target audience and effectively allocate resources. Also, the client was able to assess the buying characteristics of the customers in terms of the marketing and the sales channels and devised an effective go-to-market approach.

A must-read case study for strategy experts and decision makers looking to develop an understanding of the automotive industry.
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