More Strikes & Disruptions: Prepare to Thrive: Create a Resilient Supply Chain
There has been a plethora of strikes, potential strikes and disruptions in the last few years. In fact, the threat of strikes has made its way through the supply chain.
Taking Advantage of Automation in the Supply Chain
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%.
Supporting Medtech’s Growth: Scaling & Mitigating Risk in the Supply Chain
The medical device market is expected to grow by almost $178 billion from 2023 to 2027 according to Technavio. Moreover, a Fortune Business Insights Analysis estimates the market to reach $799 billion by 2030. With such significant growth, manufacturing and supply chains must scale and mitigate risk to ensure supplies to customers and patients.
Industrial Robotics for Manufacturing & Supply Chain Success
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.
Leveraging ERP and supply chain technologies for a diverse customer experience
Enterprise resource planning systems, CRMs and other tech such as RFID, barcoding, customer and supplier portals, blockchain, IoT, and GPS tracking all support this goal.
Manufacturing Trends: Maintaining A Competitive Edge – SelectHub
Pay alone will not suffice. In our experience, the most important priority to retaining top talent is company culture and leadership.
Automate, Digitize, and Thrive in the Supply Chain
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%.
Supply Chain Automation is Changing the Landscape
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.
Manufacturing and Supply Chain Technologies: From 3D Printing to AI
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.
Leap Forward and Leverage ERP & Supply Chain Technologies
ERP and related technologies should only be a priority if you want to grow and succeed for decades to come. If not, it will be the same as if you said you wanted to stick with the horse and buggy instead of leaping into a Ford.