As automation and digitization transform manufacturing, the demand for top talent has never been greater. In this Supply Chain Byte, discover why skilled professionals are essential to thriving in a high-tech future—and how to attract and retain the talent your business needs.
Wishing family, friends, clients, and colleagues a Happy Thanksgiving!
Every Supply Chain Byte delivers concise, impactful insights on the latest supply chain changes, strategies and trends—all in under 90 seconds. Stay ahead with quick updates that keep you informed in a rapidly evolving landscape.
Volatility, uncertainty, complexity, and ambiguity (VUCA) have plagued medtech’s supply chain since the pandemic. Drug shortages last year hit their highest levels in a decade, with 99% of hospital and health system pharmacists experiencing medicinal dearths, according to an American Society of Health System Pharmacists (ASHP) survey.
According to the WorldMetrics.org report, 89% of manufacturers believe automation is key to increasing productivity. More importantly to increasing profitable growth, the report also finds that automation reduces manufacturing lead time by 75%.
Supply chain is in a state of volatility, uncertainty, complexity, and ambiguity (VUCA). Whether you look at the impacts related to wars and chokepoints throughout the world, the uncertain economy and resulting backlogs, or the uncertainty of the reliability of key sources of supply [...]
Innovation is essential to thriving in today's volatile business environment. Drawing on lessons from QC Manufacturing and real-world experience, Lisa Anderson explains how innovation in people, culture, processes, and products drives growth, profitability, resilience, and long-term success.
Manufacturers should work to reduce materials, energy consumption, and inefficiencies to improve their carbon footprint and achieve the triple bottom line.
There are around 3 million industrial robots in use worldwide, and the market is expected to grow to $45 billion by 2028. At a minimum, robots can perform routine tasks with consistent quality. At a maximum, robots will be a strategic advantage to your business. It is no wonder clients are implementing them at a fast pace and investing widely.
According to a study by Deloitte and The Manufacturing Institute, 2 million jobs could go unfilled in the sector by 2030. The cost in 2030 alone could potentially total $1 Trillion.
