Key Trends Shaping The Future Of Manufacturing
With the amount of industries, materials and customers it services, the manufacturing world is a monumental economical entity. But like the raw materials it transforms into a purchasable items, the industry is evolving. It’s no longer a linear production line with a clear beginning and end, but an extended digital process with an amplified opportunity to service customers after the checkout line.
In PSFK’s newest study, The Future of Manufacturing, we’ve explored the ways that digital technologies are augmenting manufactures’ performance capabilities and customer service opportunities. The following are ten key trends that are influencing the manufacturing world of tomorrow.
Below is a snapshot of the insights provided in the Future of Manufacturing report. Click here to download the full free report, with expert insights, key scenarios and enabling technologies.
New visualization technologies allow manufacturers to build scaled models or simulate revisions to the production line process, all in a virtual space. These tools allow developers to revise digital solutions early in the development phase without the added cost or time associated with physical production.
Traditional supply chains make it difficult for development teams to incorporate feedback into R&D until after a product is finished, which can slow down time to product and unnecessarily waste resources. Thanks to cloud-connected platforms, developers are now able to seamlessly incorporate feedback from the marketplace into the design process.
Automated systems are turning away from siloed behavior towards intelligent processes that are supporting skilled labor in enabling at-scale personalization. Because manufactures are no longer limited by the economics associated with custom orders, the ability to offer quality, personalized products at a reasonable price is becoming the path to differentiation for a number of brands.
Actionable insights can now be drawn from IoT devices or cloud-connected software at the speed of business, giving key decision makers the ability to make meaningful operational adjustments in real time. Tech-enabled refinements encourage a continuous improvement methodology and allow for a quicker implementation of production line and staffing efficiency.
Multi-Task Production Lines
Manufacturers are shifting away from rigid production lines and opting for connected, data-sharing factories with equipment that is able to conduct a variety of tasks. This allows manufacturers to quickly adjust production capacity needed for custom orders, which can all be monitored and controlled through a centralized dashboard.
Real-time analytics and aggregate performance data inform manufacturers or third-party services of past and present conditions with the goal of accurately forecasting maintenance issues before they occur.
Real-time streaming devices and platforms are allowing employees to quickly disseminate visual information to coworkers in different departments or who are offsite. By allowing remote teammates to seamlessly share viewpoints with one another, manufacturers and suppliers can quickly accelerate the implementation of new ideas.
Transparent Supply Chains
Suppliers and manufacturers are leveraging data from connected solutions, such as RFID sensors and blockchain ledgers, that allow them to track the minute details of their entire supply chain—from sourcing of materials to factory production and warehouse distribution. This transparency not only ensures end-to-end product quality, but empowers operators to more quickly respond to potential issues throughout the manufacturing lifecycle.
New inbound and outbound logistics platforms provide manufacturers with insights and tools to discover cost-effective and efficient ways to move goods throughout all points of the supply chain.
Near Predictive Analytics
Rather than adopting a reactionary approach to operational planning, manufacturers are turning to aggregate data pools that allow production managers to forecast and predict trends that will affect inventory, staffing or production needs.
The 30+ page report includes:
- Insights into the evolving manufacturing landscape and how to prepare for increased supply chain pressure
- 5 forward thinking scenarios illustrating the digital landscape
- 10 trends shaping connected manufacturing
- Four industry disruptors influencing makers
- Actionable takeaways for business and information technology decision makers
In partnership with Microsoft, PSFK presents the Future Of Manufacturing report, an opportunity playbook that explores a new era of supply chain management and the technologies that enable faster, more agile manufacturing operations. Tune into psfk.com for a 10 week in-depth look at expert insights, key findings and detailed scenarios, or download the full report here.
PSFK’s CXI 2018 conference brings to life key trends in customer experience through talks and activations by pioneers at well known and new companies.
Steve is the co-founder and SVP of business operations for Estimote, a startup that is creating a new ecosystem of mobile applications utilizing iBeacon technology. Through its SDK, over 40,000 developers are creating applications that can sense an object’s ownership, location, temperature, motion and proximity to an Estimote sticker. Steve is a former programmer who, prior to Estimote, provided software and systems-level solutions to Apple and Google.
At PSFK 2017, Peloton Co-Founder and COO Tom Cortese discussed how the company aims to utilize the power of Web 2.0 to marry the comfort of home fitness to the high-energy engagement of celebrity-run classes.