Industrial Products and Manufacturing 2023 Trends
by brianghannam | Jan 10, 2023 | Brian Ghannam, Technology
As the manufacturing industry continues to face challenges due to the emergence of new supply chain models, such as direct-to-consumer and in-sourcing, it’s becoming more critical that organizations rethink their software ecosystem. This blog contains the various trends a몭ecting the manufacturing industry in 2023
Demand for Better Work Conditions
Due to the current state of the economy, many people are looking for better work conditions in manufacturing. This is why many companies are implementing new programs and policies to improve their employee experience These include higher pay, 몭exible work hours, and wellness programs. Besides attracting new talent, these programs aim to retain the existing workforce and improve employees’ work-life balance
Industrial IoT Visibility
The Industrial Internet of Things (IIoT) will be a leading technology trend for the next few years. Due to the emergence and evolution of new use cases, IoT is expected to continue to be a signi몭cant factor in the manufacturing industry
Through the IIoT, manufacturers can make informed decisions and improve e몭ciency by monitoring and controlling their devices. This technology has allowed them to achieve various goals, such as reducing costs and enhancing safety.
The Arrival of Predictive Resolution
In the early stages, manufacturers are starting to adopt predictive resolution, which is a process that involves analyzing and resolving issues related to equipment performance. This concept goes beyond traditional predictive maintenance and provides technicians with a deeper understanding of the root cause of their problems.
Predictive resolution can improve the e몭ciency of a manufacturing facility by allowing technicians to identify and resolve issues on the 몭rst try. It can also help reduce costs and improve the 몭rst-time 몭x rate
Supply Chain Solutions
Due to the increasing number of companies choosing to outsource their ful몭llment needs, some manufacturers are also choosing to acquire logistics 몭rms instead of relying on third-party providers This eliminates the need for them to spend a lot of money on maintaining and improving their supply chain.
The traditional multi-channel sales model is also starting to shift Instead of having a multi-level distribution channel, manufacturers are now focusing on a direct-toconsumer model This eliminates the middleman and allows them to control their pricing and brand image.