Let’s just say what we’re all thinking: 2020 was rough. It threw pretty much every element of our lives into disarray, and we suddenly had to become experts at navigating a new way of working, schooling and socializing. It was disruptive, and it was challenging, but it was also transformative. While the past 12 months might have felt like 12 years, it’s time to look forward to what the future holds. If 2020 was the year of disruption, 2021 will be the year of mastering to change.
Manufacturers are masters of continuous improvement – methodical and measured. But what happens when the pace and magnitude of change render existing models of operation and improvement ineffective? That’s the question facing manufacturers in 2021, and it will force many manufacturers to implement new models and technologies faster and more extensively than ever before.
In the full article linked below, SeerPharma's business partner MasterControl explores the following key topics:
Acceleration Is the Name of the Game
The trend toward digitization isn’t new, however the events of 2020 forced many organizations to adopt digital solutions quicker than previously planned. According to a McKinsey survey of global executives, the pandemic has accelerated the digitization of customer and supply chain interactions and of internal operations by three to four years. And the share of digitally enabled products in their portfolios has accelerated by a shocking seven years.
Liberated Data Transforms Business
The abundance of data from connected sources, such as sensors, the internet of things (IoT), cloud technology and advanced analytics, means manufacturers are in a position to generate real-time insights and gain greater visibility into production, machine health and operator issues. Manufacturing intelligence has the potential to improve production from top to bottom, but manufacturers must reconcile how to access data from siloed environments.
Balanced Supply Chains Keep Production Humming
Recent upheaval in supply chains has presented an opportunity for manufacturers and supply chain managers to rethink their approach. This large-scale disruption has underscored the need for manufacturers and their partners to balance speed with quality and to build greater resilience.
New Workforce Realities Emerge from Disruption
Experts predict that 18 million U.S. workers will work remotely in the wake of the pandemic and that over 50% of factory work will be done remotely by 2024. And while a lot of attention gets paid to optimizing systems and machinery, manufacturers often overlook optimizing the processes that involve people.
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