As I wrote in this month's Brushware magazine (page 20), manufacturing is trending to digital. We were already on this path the last few years, and it accelerated 5 fold during COVID. According to the Hackett Group, 77% of companies have strengthened their commitments to digital transformation [...]
Although much is in doubt as we go into 2021, there is one area that is certain. Manufacturing, supply chain and technology will be prominent, essential and progressive. According to Bloomberg, an Institute for Supply Management gauge of factory activity unexpectedly increased to 60.7 from 57.5. To support vaccine [...]
According to the Hackett Group, 77% of companies have strengthened their commitment to digital transformation due to the COVID crisis. In fact, they are not only strengthening their commitment, but the pace of adoption is increasing. A McKinsey survey found that the pandemic has significantly accelerated the pace of [...]
Clients on the fast-track with technology advancements are surpassing the competition during COVID and are likely to speed by them post COVID. This is the topic of a special report I contributed to that was published by Compass magazine "Agility in a crisis: Manufacturers equipped with virtual-experience technologies stepped [...]
If it isn't already, your end-to-end supply chain must be part of your strategy discussions. I was recently featured at SAP's SAPPHIRE NOW Coverage global conference on supply chain since it is such a timely topic. Interest has been heightened as supply chain challenges intensify throughout the world. Minimally, we should [...]
According to 99 Firms, B2B e-commerce will hit $1.8 trillion by 2023. They have also stated that over 80% of B2B buyers visit a website before making a purchasing decision.
With COVID, the rise of e-commerce, and the pressures of profitability, Industry 4.0 and the digitization of the supply chain is accelerating. What was on track for 2030 prior to COVID should be expedited to 2021 or 2022 to keep pace with needs.
Technology is a tricky topic. On one hand, almost everyone has put technology and ERP implementations on hold due to concerns about COVID impacts and to conserve cash. On the other hand, it is the best time to gain employees' attention and focus to upgrade technology to scale the business, create a superior customer experience and deliver bottom line results.
While leading a panel "Building Resiliency in the Supply Chain" with gurus from Georgia Tech, the leading experts in global logistics and associated research, several intriguing concepts arose.
I’ll be talking more and more about the digital transformation as it will impact every client in a substantial way. Recently I met with a significant, regional CPA firm’s manufacturing and technology experts.
