The much-anticipated 2020 new era did not get off to the flashy start we had hoped for in some countries, with manufacturing companies instead of seeing economic growth and prosperity, they have been struggling due to the negative effects of the COVID-19 pandemic, especially supply chain instability, transportation problems, worker shortages and inflation.

While the pandemic is a once-in-a-century REM543CG214AAA challenge for most manufacturing companies, it has forced many to adapt by accelerating their digital transformation efforts. Technologies such as cloud computing, robotic process automation, and low-code development are at the heart of this digital transformation, creating countless opportunities for manufacturing companies to explore new solutions.

The following list of seven global manufacturing trends in 2022 May reflect the real status quo to some extent.

1. Consumer-driven manufacturing

As with today’s pace of technological development, consumer demands change rapidly, making it difficult for manufacturing companies to quickly provide the products and services consumers want.

Today, the lowest customer expectations for manufacturing companies are same-day delivery, personalized products and services, and transparent delivery processes. However, if manufacturing companies want to differentiate their businesses and remain competitive on a global scale, they need to be highly agile and flexible, which is clearly not possible with traditional business models.

Consumer-driven manufacturing focuses on anticipating the needs of product users. But how REM543CG214AAA to predict? The answer is to integrate various new technologies and capabilities, such as data analytics, Internet of Things (IoT), artificial intelligence (AI), etc. into existing systems and software.

Manufacturing companies can implement strategies such as digital quality control, asset location monitoring, and automatic replenishment of materials to improve operational efficiency and get products to consumers faster. These technologies allow users and stakeholders to choose their own digital interactive experiences.

2. Stable and predictable supply chain

Manufacturing enterprises are in a period of constant fluctuations in market supply and demand. Deloitte, one of the world’s Big Four accounting firms, noted that most purchasing managers will continue to face systemic issues caused by high consumer demand, rising material and freight costs, and slow delivery.

Supply disruptions have become routine and costly. But many manufacturing companies are working on models that make supply chains and logistics more predictable. Replacing human labor with technologies such as AI, data analytics, and sensors can help supply chain managers identify patterns, predict purchasing needs, and better manage inventory. As Deloitte points out, “Digital supply networks and data analytics can help manufacturers take a more flexible, multi-tiered approach to unexpected REM543CG214AAA supply chain disruptions.”

3. Internet services

As technology enhances the operations of manufacturing companies, it is also transforming the services they provide to their customers.

Connected services are additional services provided by networked devices based on industrial products. “The business model in manufacturing is shifting to pay-per-use and pay-per-volume, where customers don’t pay for the actual product, but for the revenue it generates,” said Capgemini in its review of connected services for manufacturing.

Connected services bring endless possibilities, some of the most famous examples of which include:
• Vehicle telematics
• Remote control of equipment and machines
• Predictive maintenance
• Smart home solutions and automation

Connected services create a better experience for customers and also enable manufacturing companies to stand out from the competition. Manufacturing companies can collect data at every key point in the customer’s business, and then use this data to continuously improve the quality of products and related services. REM543CG214AAA Connected services also create a regular revenue stream and higher profit margins for manufacturing companies.