Although Manufacturing Declined, the Smart are Planning for a Renaissance
According to the ISM, "The Manufacturing PMI", a measure of manufacturing activity, registered at 48.5% in June, which is a decline from 48.7% in May.
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.
The Minimum Wage Hike, Cocoa Shortages, Egg Inflation & Impacts
California's minimum wage went up to $20/hr. for fast food restaurants with at least 60 locations nationwide that do not make bread. This law is causing widespread unintended consequences. For example, Fosters Freeze in Lemoore closed suddenly after the wage hike. Mod 5 Pizza is closing five locations.
Supply Chain Shortages Remain a Concern: Strategies for Success
Manufacturers wish they left supply chain shortages behind after the pandemic, but they remain top of mind. Concerns remain. According to KPMG, “71% of global companies highlight raw material costs as their number one supply chain threat for 2023.”
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%.
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.
The Global Supply Chain Life After Globalization
Companies went global for the past few decades with a gusto to save labor costs. The pandemic jolted many Executives eyes open to the risks in the global supply chain. Suddenly, companies were reevaluating their global footprint with an eye to cost, risk (supply chain, geopolitical, etc.), customer performance, etc.
Tech in the Supply Chain
Lisa Anderson was interviewed by Douglas Squirrel of the Squirrel Squadron on LinkedIn Live about technology in manufacturing and the supply chain.