Manufacturing industry trends to expect in 2022
- Manufacturing is a key industry of the economy worldwide.
- In 2020, the manufacturing sector in the USA accounted for almost 11 percent of the GDP.
- Manufacturers must innovate at a fast pace to stay alive in an evolving world.
- Focus on meeting consumer needs through product development and innovation.
- Employing new technologies.
- Make consumer voice a priority.
Streamlined supply chains
- Meet demand through more consistent and streamlined supply chains.
- Maximize capacity by fully utilizing the production space.
- Enable tracking the product in real-time during production and delivery.
- Simplify customer experiences across different channels.
- Consumers engagement with brands
- Deepening relationships with customers
- Optimize smart factories, powered by interconnected machines, sensors, and software applications
- Delivering real-time information on product status.
- Proactively identify problems and react quickly.
Industry 4.0 and the digital economy
- Shifting from traditional manufacturing to Industry 4.0 or the digital economy.
- Embracing new technologies like robotics, machine learning, cloud network, and augmented reality.
- Creating products that are safe for employees, consumers, communities, and the environment.
- Automate assembly lines without human workers using software or mechanical robots.
- Lower labor costs.
- Boost production efficiency.
- To predict business outcomes, improve decision-making, predictive maintenance and product development.
- Reveal hidden insights.
Technically advanced workforce
- Recruit a technically advanced workforce to implement Industry 4.0 technologies.
- Skilled workforce with science, technology, engineering, and mathematics (STEM) skills.
Reduce carbon footprints
- Recycle, re-use, and sustainability.
- Shift toward Eco-friendly practices and renewable energy sources to conserve resources and reduce costs.