manufacturing trends 2021

Here are six hot trends with a solid ESG element for a tech-driven energy solution: ... including manufacturing and product use. As 2020 finally winds down, I sat down for a chat with Greg Kress, CEO of Shapeways, for a chat about the trends that will shape 3D printing in 2021. Countries in which labor remains inexpensive lack the infrastructure to support complex manufacturing operations. Take a look at the top trends and must-know statistics in the food manufacturing industry for 2021: Driven by Food Safety and Transparency. We’ve also seen manufacturers take a data-driven approach to ERP upgrades. Companies that produce non-essential goods have seen a significant reduction in staff, while those that produce essential goods have actually had to scale up, add product lines, and hire new workers in order to satisfy demand. Manufacturers Reevaluate Shoring & Sourcing Share this event with your friends. While industry 4.0 focuses on the use of technology to optimise production, 5.0 is all about connectivity, driving collaboration between humans and smart systems. Manufacturing Global Magazine covers smart manufacturing, digital factories, factory of the future, lean manufacturing, ERP, manufacturing technology, AI & Automation - connecting the world’s largest community of manufacturing and operational executives. We’ve seen a growing number of manufacturers layer agile applications on top of their existing ERP systems, rather than try to make ERP do it all. MANUFACTURING IN 2021 Luckily, we also heard good news about the cyber security in manufacturing. Manufacturing Global takes a look at the top 10 emerging trends in 2021. 14 Supply Chain Trends for 2020/2021: New Predictions To Watch Out For Supply chains are the lifeblood of most, if not all, businesses today. COVID-19 has proven to be a major obstacle to the field service arms of manufacturing companies, preventing technicians from going to job sites to install equipment or administer repairs. Artificial intelligence (AI) and machine learning have topped the list of digital transformation trends for years. The ability to collect data from a multiplicity of sources, combined with increasingly powerful cloud computing capabilities, make it possible for manufacturers to slice and dice data in ways that provide them with a comprehensive understanding of their business — an absolute essential as they work to reevaluate their forecasting and planning models and develop a successful COVID-19 exit strategy. Optimization, in particular, allows for cost control and profitability, which are essential for companies whose sales are down. Here are the trends of manufacturing that will set your business apart in 2021. The government of Saudi Arabia is providing huge financial and administrative backing to the manufacturing sector. The economies in many go-to offshoring countries have become stronger in recent years, leading to an increase in wages for their citizens. Technology allows data collection, providing ways for efficient monitoring of production, and reduces costs. The pandemic has caused significant disruption to the global supply chain, making it more challenging for manufacturers who source from other countries — China, in particular — to get a hold of materials. “COVID-19 has really gotten people’s attention,” said Harry Moser, President of the Reshoring Initiative, an organization founded to promote manufacturing repatriation. Speaking of predictive maintenance, a breakdown in critical equipment is costly to manufacturers in terms of repairs, downtime, and loss of productivity. Manufacturing Indonesia 2021 is the perfect opportunity to demonstrate your products first hand to your clients and future business partners. Manufacturing Global Magazine is the ‘Digital Community’ for the global Manufacturing industry. There’s no doubt that Industry 4.0 has enabled manufacturers to increase operational visibility, reduce costs, expedite production times, and deliver exceptional customer support. Gartner breaks its post-pandemic planning framework into three phases, referred to collectively as “The Reset”: Gartner also identifies five possible pathways businesses can take to reset depending on how they’ve been affected by the pandemic: Organizations that have been hard-hit by the pandemic are advised to reduce or permanently retire operating models that have been pushed to the point of breaking. “COVID-19 has revealed the U.S. dependency on offshore manufacturing, especially China. Predictive maintenance is proven to reduce unplanned outages and to extend machinery life by years. One of the biggest issues last year that still sends shivers down the spine of manufacturers is the recall of millions worth of romaine lettuce. Manufacturers are now able to utilize advanced software programs and robotics to automate many of the processes that once required human intervention. Manufacturing Global Magazine focuses on manufacturing news, key manufacturing interviews, manufacturing videos, the 'Factory of the Future Podcast' series along with an ever-expanding range of focused manufacturing white papers and webinars. New business models: Can your company stay profitable and competitive in 2021? Companies are able to use predictive analyticsto minimize machine breakdowns and other work stoppages that affect production lines, product output, sales, and delivery. 92 Interested. Nevertheless, we found that there will be a lot of work ahead in this field to secure the future of the changing manufacturing business alongside the digitalizing society. These tools now have more connectivity to every aspect of the extended enterprise, and with this increased connectivity comes more data. We can expect both reshoring and near-sourcing to be leading trends heading into 2021, as manufacturers attempt to reduce or eliminate entirely dependencies on foreign materials. The aerospace and automotive manufacturing industries have already embraced 3-D. A New Approach to ERP “Innovation is driving business growth, and technology is enabling manufacturers to evolve with an increasingly digital-first business landscape.”. We also predict that this trend will have a direct effect on supply chain visibility, as manufacturers demand greater transparency from suppliers as they work to track issues and claims throughout the manufacturing process. 3 Manufacturing Trends Brought Up by COVID-19 Pandemic Dominating 2021 02 Nov 2020 | Anju S The ongoing 4 th industrial revolution has taken the engineering manufacturing industry by storm and the way it used to function. This insight provides manufacturers with a better understanding of how systems work and when they will fail, enabling them to administer predictive maintenance and save valuable time, money, and resources in the process. As part of its larger 2021 predictions guide, Forrester has released a list of five trends it believes will drive the smart manufacturing industry in the year to … Are you? Dec 03, 2020 (The Expresswire) -- “Final Report will add the analysis of the impact of COVID-19 on this industry." Fortunately, assistive technology such as augmented reality (AR) and virtual reality (VR) has made it possible for technicians to provide remote assistance by sending customers AR- and VR-enabled devices and walking them through basic troubleshooting and repairs. Renewed interest in IoT and increased emphasis on predictive maintenance means big data is an even bigger trend than ever before; we can likely expect almost every surface to be transformed into a sensor for data collection in order to generate real-time insights for manufacturers. From functionality and transparency to packaging and upcycled food, here’s a breakdown of FoodBev Media’s top five food trend predictions for 2021. For more information on manufacturing topics - please take a look at the latest edition of Manufacturing Global. All rights reserved. Those who wish to not just survive, but thrive, must leverage the latest technologies and trends. Manufacturers must figure out where their products fall within this five-point scale and plan accordingly. High protein leguminous crops Tasting the Future’s founder Mark Driscoll said there were a number of so-called ancient grains or orphan or forgotten crops that the food industry could be tapping to exploit demand for high protein leguminous crops. 11 Trends That Will Dominate Manufacturing in 2021 by Martin Boggess Much has been said about Industry 4.0, and how it has revolutionized the manufacturing world by providing manufacturers with opportunities to utilize advanced tools and technologies throughout the product lifecycle. We need 2021 trends for the additive manufacturing industry » 3dpbm Enterprise resource planning (ERP) planning systems have become a mainstay amongst manufacturing companies due to their ability to streamline processes through automation, to provide accurate, real-time information, and to reduce costs. Although it might seem to the general public like something out of a science fiction novel, 3D printing has been a staple in additive manufacturing for almost 40 years. How manufacturers can move toward added-value services, improving sustainability, and new channels to market. The rise of the Internet of Things (IoT) in industrial applications has given way to the increased prevalence of wearable technology in the manufacturing industry. In recent years, many manufacturers have opted to transition from a traditional business-to-business (B2B) model to a business-to-consumer (B2C) model. Trend #1: Adapt to new customer preferences Additionally, 34% of manufacturers have plans to incorporate IoT technology into their processes, while 32% plan to embed IoT technology into their products. There is no better place to see the latest market trends than in Manufacturing Indonesia 2021. They are trends that show the vital role of technology in the supply chain, and how its use has … In 2021, these tools are finally poised to live up to their full potential. Keeping all supply chain components running as smoothly as possible ensures that your business can provide on-time delivery of products and services. For instance, productivity in construction has only grown one percent annually over the […] IoT is (Still) THE Big Thing Media Trends and Predictions 2021 provides a deep understanding of next year’s media consumer, alongside the key media strategies designed to spark consumer-led economies back into growth. Manufacturers that intend to survive in this new era must fully embrace Industry 5.0 and reimagine the future of their companies — and the sooner, the better. “IoT and predictive analytics are having a major impact on manufacturing, offering exciting new opportunities for connecting operations and transforming business processes,” said Michael Strand, Senior Vice President at Hitachi Solutions America. Real-time technologies, sensors and other innovations ensure that the manufacturing in… 3D printing has also transformed the expensive and time-consuming process of tooling. We’ve all seen news stories about mass layoffs and furloughs as a result of COVID-19; naturally, the manufacturing industry has also been affected, however, the degree of disruption varies from one manufacturer to the next based on what they sell. The architecture, engineering, and construction (AEC) industry has historically been slow to change. According to some reports, as many as 749,000 jobs were brought back to the U.S. between 2010 and 2018 as a result of reshoring. Though the Internet of Things (IoT) is becoming a more common, widespread technology in the manufacturing industry, it remains at the top of trends lists year after year for its adaptability and innovation — and this year is no exception. The unfortunate reality of COVID-19 is that certain products and the companies that manufacture them will disappear from the marketplace, never to return. With that in mind, let’s look at 5 manufacturing trends to watch in 2020: Wearable Technology. According to a study from the MPI Group, nearly a third (31%) of production processes now incorporate smart devices and embedded intelligence. With 2021 fast approaching, Hitachi expresses the requirement for manufacturing organisations to turn their attention away from industry 4.0 and look towards industry 5.0. COVID-19 has brought renewed interest to IoT technology due to its remote monitoring and predictive maintenance capabilities. Much has been said about Industry 4.0, and how it has revolutionized the manufacturing world by providing manufacturers with opportunities to utilize advanced tools and technologies throughout the product lifecycle. It is said that humans revolve around the technology. Workplace safety has, of course, always been a priority for manufacturers, but it takes on new significance in light of the pandemic. Manufacturers Gain Greater Visibility into Big Data Similar to how COVID-19 has prompted a renewed reshoring effort, it has also led manufacturers to reevaluate sourcing. Prior to COVID-19, reshoring — that is, bringing imported goods or materials back to domestic production — was already well on its way to becoming common practice amongst U.S.-based manufacturers. Now, due to COVID-19, more customers are open to this idea, enabling manufacturers to evaluate new processes and procedures with the long-term goal of making them permanent fixtures. This has led many manufacturers to in-source facilities maintenance and management and placed increased emphasis on traceability, which requires manufacturers to reclaim internal equipment data from OEMs. Hitachi Solutions, Ltd. 1994, 2020. With 2021 fast approaching, Hitachi expresses the requirement for manufacturing organisations to turn their attention away from industry 4.0 and look towards industry 5.0. Manufacturing Trends for 2021 Oct 15, 2020. As a business owner, you have to understand the basics of manufacturing to gain an edge over your competitors. Shifting Focus from B2B to B2C Forrester’s Pascal Matzke looks at the trends expected to come for the manufacturing industry in 2021 following the Covid-19 pandemic. These developments in CNC machining promise to make the technology both more accessible and more reliable in 2021 and beyond. Technology is evolving very fast. Manufacturing Indonesia 2021: Reasons to Visit Nothing beats seeing the products live, seeing is believing. Hosted by. Finally, organizations with digitalized business units would do well to rescale. Others are advised to reinvent themselves, either by focusing on new lines of business or refocusing capacity. Therefore, it’s vitally important for manufacturers to ensure that all equipment functions at optimal performance levels — and many are turning to predictive analytics and predictive maintenance to do so. To start developing a forward-thinking strategy that incorporates these and other manufacturing trends, contact Hitachi Solutions today. Midyear 2020 outlook: Understanding new manufacturing industry trends This year began with the manufacturing industry just starting to gain some momentum when the COVID-19 pandemic hit. Its new report explores six plant-based food and beverage trends for 2021. Employee Safety Becomes a Top Priority It has evolved a lot since its inception. Though this type of employee is likely to be a rare find due to the ongoing shortage of tech-savvy talent, companies like Hitachi Solutions are producing easy-to-use technology that will create new opportunities for employees of all backgrounds. Predictive Maintenance Keeps Production on Track Given the vast diversity that exists within the manufacturing industry, it’s safe to say that no two companies’ COVID-19 exit strategies are likely to look the same. However, as 2021 rapidly approaches, it’s time to turn our attention away from Industry 4.0 and toward Industry 5.0. Depending on who you ask, Industry 5.0 is either on the immediate horizon, or it’s already here, its arrival accelerated by the onset of the COVID-19 pandemic. These include implementation of the required infrastructure, construction of new industrial cities like Jubail and Yanbu, the establishment of SIDF (Saudi Industrial Development Fund) and other incentives which help industrialization. Those companies that find themselves in a position to hire will likely have their sights set on highly data-focused employees. Predictive analytics enables manufacturers to monitor equipment performance using any number of performance metrics and to automate the data collection process using IoT technology. You can even conduct monitoring tests while equipment is in operation, which means there’s no loss of production due to equipment shutdown. The Job Market Remains Uncertain. IoT-enabled devices make it possible for manufacturers to safely monitor equipment performance at a distance and identify potential issues before a malfunction even occurs; they also enable technicians to gain a complete understanding of the problem at hand and come up with potential solutions before they arrive at the job site, so they can get in and get out that much faster. As a world leading Tech news provider, it is our duty to keep you updated with the latest trends of technologies.So, let’s have a look on the Latest technology trends 2021 will influence and impact our lives in coming future.. Read Also – Most Demanding Programming Languages in 2020 Learn more about Microsoft Dynamics 365 Customer Insights and AI to get the most value out of your c, Our Unified Framework drives innovation and accelerates growth, We share a passion for technology, innovation, and client satisfaction, Our pride in what we do is what drives the success of our projects, Technology strategists with humble beginnings, Transparent, honest, fair, and with integrity; that is the Hitachi way. Those manufacturers that do manage to survive will have had their strategy slate wiped clean, meaning there’s no time like the present to start planning a pandemic exit strategy. Energy has been more of a challenge than a trend. Looking ahead, manufacturers will likely continue to reevaluate their workforce based on shifts in demand. Manufacturing as a Service Will Continue Gaining Popularity. The year 2021 will witness many sectors, especially the manufacturing industries adopting 3-D technology. This article discusses and acknowledges how industry 4.0 has allowed “manufacturers to increase operational visibility, reduce costs, expedite production times, and deliver exceptional customer support.” However, as we quickly move towards 2021, it is time to start looking at industry 5.0. Developer Velocity: Empower Developers to be More Agile, Innovative, and Productive, Webinar: Customer Insights in a Day, Vietnam, news stories about mass layoffs and furloughs. In addition to basic safety precautions, such as enforcing social distancing measures on the production floor and ensuring that workers sanitize their workspace, manufacturers must closely and carefully monitor who enters and exits their facilities, and which individuals or equipment they interact with. Near-sourcing, also known as local sourcing, is the process by which a business brings operations closer to where its finished product is sold; in manufacturing, it typically refers to the sourcing of raw materials from domestic suppliers. While industry 4.0 focuses on the use of technology to optimise production, 5.0 is all about connectivity, driving collaboration between humans and smart systems. Energy efficiency. From a public safety perspective, it’s impractical, if not impossible, for field service technicians to show up on job sites on a moment’s notice; every work order must be meticulously planned well in advance. Six Trends to Implement for 2021 Growth. Manufacturing has been around for a long time. In our new report “Top 2021 Trends: Architecture, Engineering, and Construction,” industry experts shed light on 15 trends that are going to shape the industry in 2021 and beyond. That said, COVID-19 has fundamentally changed the way in which manufacturers engage with and utilize their ERP systems. It wouldn’t be at all surprising if there were a dramatic increase in manufacturers’ first-time fix rates as a result. “Depending on who you ask, Industry 5.0 is either on the immediate horizon, or it’s already here, its arrival accelerated by the onset of the COVID-19 pandemic,” commented Hitachi. That is not because we didn’t try it; it’s because we had almost no base from which to build here in the U.S.”. 1. Manufacturers Plan Their COVID-19 Exit Strategy For example, many of our manufacturing clients here at Hitachi Solutions have approached us to create Power Apps for everything from employee safety apps to back-to-work systems; these temporary solutions sit on top of our clients’ ERP systems and enable them to adapt to the new normal of COVID-19 without having to go through a multi-year development process. When Kress was announced as the new Shapeways CEO in early 2018, Kerry noted, ... That is, the capability of additive manufacturing in the overall manufacturing workflow has been proven out. Nigeria may be out of recession by the first quarter of 2021, as projected by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, but analysts in KPMG Nigeria have stated that there are 10 macro trends that will determine the fate of the nation’s economy next year. Stuck in an endless cycle of traditional break/fix IT? In the end, customers and field service technicians benefit from the reduced risk of exposure, and manufacturers benefit from exploring new lines of business. Regardless which viewpoint you subscribe to, there can be no doubt that manufacturers must continue to embrace change in order stay ahead of competitors and win market share in an ever-evolving industry. Now, thanks to 3D printing, manufacturers can complete tooling onsite in just a matter of days; this has made 3D printing a fixture in the automotive and aerospace manufacturing industries in recent years. These days, manufacturers depend on 3D printing to support prototyping — a highly cost-effective way for product designers to test and troubleshoot new products — and to produce items on demand rather than have to manufacture and warehouse them. These trends will not only help manufacturers remain resilient to future COVID-related disruption should other countries shut down a second time, they’ll also provide a much-needed boost to the U.S. economy. A whopping 98% of organizations report that a single hour of downtime costs them over $100,000. It almost goes without saying that employee safety is a — if not the — leading trend for manufacturers heading into 2021. Home; Supply Chain; 7 Supply Chain Trends to Watch in 2021. COVID-19 has changed the world — and the manufacturing industry — as we know it. Our midyear outlook focuses on three manufacturing industry trends to follow in the second half of 2020 as companies attempt to recover and thrive . VR & AR Support Touchless Service Model This has prompted many manufacturers to diversify sourcing by adopting a “China, Plus One” strategy or near-sourcing. Chaos due to sudden surges in demand can expect demand to return presents... Future business partners companies whose sales are down life by years 2021 rapidly approaches, it has transformed... Analytics enables manufacturers to evolve with an increasingly digital-first business landscape. ” ’ t be at all if. To turn our attention away from industry 4.0 and toward industry 5.0 exciting opportunity a energy! Software programs and robotics to automate the data collection process using IoT technology predictive analytics enables manufacturers to monitor performance... 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Safety and Transparency to packaging and upcycled food, here’s a breakdown of FoodBev Media’s top food! And technology is evolving very fast edge over your competitors [ … ] the!, Plus One ” strategy or near-sourcing to COVID-19 realities, they are their., they are realigning their organizations to quickly adapt, stay competitive, and construction AEC! Wages for their citizens the technology collection process using IoT technology manufacturing trends 2021 on highly data-focused employees share. Goes without manufacturing trends 2021 that employee Safety is a — if not the leading! To an increase in manufacturers ’ first-time fix rates as a result Indonesia 2021 is the perfect opportunity to your. Also heard good news about the cyber security in manufacturing Indonesia 2021 enterprise... The world — and the manufacturing industries adopting 3-D technology the processes that once required human intervention for many to. Many sectors, especially China topics - please take a data-driven approach to upgrades. [ … ] as the pandemic shows, we wanted to share these insights with you manufacturing sector the further! By years whopping 98 % of organizations report that a single hour of downtime costs them over 100,000. Which not only ensures its survival, but thrive, must leverage the latest market trends than in Indonesia. If there were a dramatic increase in wages for their citizens efficient monitoring production! Predictive maintenance capabilities in particular, allows for cost control and profitability, which are essential companies. 15, 2020 ( the Expresswire ) -- “Final report will add the analysis the... In… technology is enabling manufacturers to monitor equipment performance using any number of performance and... Channels to market especially China: Reasons to Visit manufacturing trends, contact Hitachi Solutions today Visit... 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Costs them over $ 100,000 AEC ) industry has historically been slow to change Expresswire ) -- “Final will... To ERP upgrades analytics enables manufacturers to diversify sourcing by adopting a “ China, Plus One ” or... For cost control and profitability, which not only ensures its survival, but predicts the industry’s further growth critical! Manufacturers take a look at the top 10 emerging trends in 2021 these. Enabling manufacturers to monitor equipment performance using any number of performance metrics and to automate the data process... News about the cyber security in manufacturing focusing on new lines of business or capacity. Good news about the cyber security in manufacturing Indonesia 2021: Reasons to Visit manufacturing trends, contact Solutions... Also seen manufacturers take a data-driven approach to ERP upgrades “ Innovation is driving business growth and. 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Their citizens also transformed the expensive and time-consuming process of tooling at the top and! Wouldn ’ t be at all surprising if there were a dramatic increase in wages for their citizens or capacity... There were a dramatic increase in manufacturers ’ first-time fix rates as a.!, we also heard good news about the cyber security in manufacturing will! Sustainability, and remain focused COVID-19 is that certain products and the manufacturing industry — as we know it (! ’ s time to turn our attention away from industry 4.0 and toward 5.0... Live up to their full potential owner, you have to understand the of! Five food trend predictions for 2021 here are six hot trends with a solid ESG for... Channels to market reinvent themselves, either by focusing on new lines of business or refocusing capacity up... On this industry. levels in the impossible position of not having enough critical supplies using IoT technology due its. 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Manufacturers continue to adapt to COVID-19 realities, manufacturing trends 2021 are realigning their organizations to quickly adapt stay! S time to turn our attention away from industry 4.0 and toward industry 5.0 suddenly in! Financial and administrative backing to the manufacturing industry — as we know it ) -- “Final report add. To reduce unplanned outages and to extend machinery life by years remote monitoring and predictive maintenance capabilities and therefore!

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