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.
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.
What is All the Hoopla Over ChatGPT? If you haven't been living under a rock, you've heard about ChatGPT and other AI (artificial intelligence) competitors such as Google's Bard and Elon Musk's AI platform. Everyone has gotten into the conversation, from marketing professionals to tech experts to people like [...]
To prepare for a segment on Bloomberg to talk about the state of logistics that will air with their interview of Deutsche Post DHL Group CFO Melanie Kreis (which will air on Chief Future Officer on Oct 5th), I did a deep dive on package shipping and related logistics systems.
Manufacturers utilize less than 20% of the full functionality of their ERP systems. But the key question is, why does it matter? In today’s inflationary and supply chain disrupted business environment, manufacturers need to automate and digitize to ‘do more with less’ and thrive during these volatile times. One important way to achieve this goal is to further leverage your ERP system where it will make a difference.
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 technological transformation is occurring at an unprecedented pace. What was expected to happen by 2035 is in process now. Industry 4.0 has taken manufacturing and supply chain by storm. Executives are realizing that they must upgrade their technological infrastructure to thrive in 2021. Which technologies are gaining momentum [...]
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 [...]
