The covid-19 pandemic has caused fundamental shifts that will accelerate innovation in the present and future. Inevitable changes, such as workplace flexibility or the transition to online commerce channels, have been accelerated as businesses struggle to handle the difficulties posed by the "new normal."
Fremont, CA: Supply chain leaders whose operations are strained by the current environment can help boost organizational resilience by adopting the smart factory. This innovative, all-encompassing solution improves supply chain capabilities through artificial intelligence, the Internet of Things, and robotics.
Before the pandemic, businesses recognized the smart factory as a crucial competitive difference and began to invest appropriately.
Another survey found that, amid the epidemic, 62 percent of CEOs are maintaining smart factory investments, investing 20 percent more to such efforts than the previous year. In addition, 75% of manufacturing leaders in the United States are concerned about the continued impact of COVID-19 and the economic slowdown on operations, while 72 percent are anxious about fulfilling profitability targets.
If not, that mood will persist, if not grow, as the United States recovers and returns to routine. These technologies are crucial in the context of the epidemic, but they can also deliver advantages for years to come. Robotics and networked sensors provide analytical insights, lowering maintenance and warranty costs by anticipating critical operational concerns. Furthermore, enhancing human work with machine intelligence enables firms to improve and simplify processes to use worker time and talents better. Overall, these modifications have shown to be financially beneficial while also increasing employee happiness.
Transitioning from Defense to Offensive
Intelligent manufacturing technologies are a wise investment. However, no two intelligent factories are the same. Each has its own set of technological and operational requirements and opportunities.
Brilliant factory success necessitates the participation and knowledge of others, from designing a strategic way ahead to securing the essential technological solutions.
Uncertainty abounds, and many people attempt to respond with the appropriate strategy and confidence. But merely surviving isn't enough. Supply chain executives will begin to transition from defense to offensive at the opportune time in this crisis.
Supply chain executives will begin to transition from defense to offensive at the opportune time in this crisis. The intelligent factory provides the potential to explore agility through new business models, goods, or services – investments that will pay off in a world of continuously shifting demand.
It's a wise investment for companies trying to mold the "new normal" and position themselves to gain a competitive edge across global supply chains. We've learned one thing during this pandemic: it's never too early to start planning for survival in the aftermath.