The world has never experienced a labor shortage quite like the one we are experiencing. According to the Bureau of Labor Statistics, employment growth will average .3 over the next decade; however, labor participation will drop from 62.2% to 60.4%.
Automation is coming, whether or not we get on board. Most executives do not want to be the guinea pig for new technology as they cannot afford disruption and risk.
Medtech companies’ focus on supply chain resiliency and mitigating supply chain risk has increased over the last few years as the pandemic triggered extended lead times, delays, and rising costs.
Table of Contents What is All the Hoopla Over ChatGPT? What are the Uses of AI in Manufacturing? AI Uses in Logistics Is AI Good or Bad? Who Certifies the Certifiers? Should Manufacturers and Distributors Pursue AI? How Does AI Relate to ERP? What is All the Hoopla Over [...]
Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc., shares her thoughts on 3D printing.
According to Statista Research Department, the global market for robots is expected to grow at a compound annual growth rate of around 26% to reach close to $210 billion by 2025. For example, according to Automation World, almost 45% of respondents currently use robots in their assembly and manufacturing [...]
The more technology we use, the more we need a high level of engagement with people. As John Naisbitt, the preeminent social forecaster of our time and the author of the #1 New York Times bestseller Megatrends, said, "High tech. High touch." He was absolutely correct. The more [...]
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 [...]
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 [...]
I was recently quoted throughout an article in SelectHub "Manufacturing Trends: Leveraging Software and Tech to Maintain a Competitive Edge", and so it has been top of mind. Software and technology will be cornerstone to success as we emerge from the coronavirus pandemic. For example, according to the [...]
