Uploaded on Apr 18, 2023
Many experts have come out with numerous predictions on the trends that are going to be dominant in the manufacturing sector. Not everything that has been forecast has become a fact!
Top Trends In Manufacturing
Top Trends In Manufacturing
Lavy Johnson
Writer at current-trends-now.com,
creates content for
latest consumer and business trends.
Many experts have come out with numerous predictions on the trends that are going
to be dominant in the manufacturing sector. Not everything that has been forecast
has become a fact!
But yes! There are several trends that have become integral elements of the
manufacturing industry. These, in fact, are key facets that all manufacturers need to
make note of, while planning business operations for subsequent ten years. While a
regular person is pre-occupied with the changes in the service based technology
industry, the changes in the manufacturing industry have not been widely noticed.
This particular write-up would briefly elaborate on few of the major trends in
manufacturing that are pretty much obvious today.
The future is Industry 4.0
By making a mention of “Industry 4.0”, reference is made to the trend where, data
exchange and automation is heavily being relied upon, by manufacturing sector.
This is no longer on the fringe but getting increasingly more mainstream in
adoption by the reputed manufacturing organizations. Installation of robots and
enabling the teaming-up of people and robots are things that organizations cannot
afford to ignore!
IOT (Internet of Things)
There is an incessant increase in the number of manufacturing plants that depend on
IOT. With IOT, there is linking of several devices in the organization. This is highly
useful for realization of objectives such as enhanced safety, decline in costs,
safeguard against non-compliance issues and manufacture of innovative products,
etc.
Younger business leaders
One more prediction is that, persons born during the last two decades of previous
century shall now become the business leaders. They are going to take over the
mantle from their seniors and operate as leaders of numerous prominent
organizations.
Blockchain technology
Many factories have now chosen the Blockchain technology, which has put them in
a position of power that is without a precedent! The sophistication of the technology
is such that, organizations are not going to be impeded in tracking all elements of
supply chain and promptly rectify any issues. This improved transparency, other
than reducing costs, will address the all-important facet of security, as well.
Direct interaction with customers
Well, there is a speedy rise in the manufacturing units that are opting to sell their
offerings directly to customers. For this purpose, they are relying on diverse e-
commerce platforms. Due to the direct interaction, it’s become possible for sellers
to carry out transactions very fast. Additionally, manufacturers are able to develop
customer database, which will be very helpful for future.
VR (Virtual Reality) and AR (Augmented Reality)
Modifying products during the stage of design has now become an entirely
uncomplicated matter, with advent of VR and AR technologies. The technologies
are also greatly assisting workers, for execution of different tasks. Providing
training to workers lacking the required skill has become simple, too.
Eco-friendly manufacturing processes
The manufacturing industry has started to go with eco-friendly processes. ID
Fan Due to this, the flow of product is not restricted to just one direction, it is in
both ways; materials that are recyclable are again being to put into use. This,
apart from being a good environmentally-friendly practice, is cost-effective, as
well.
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