Manufacturing Technology In the New Year
Technological innovations are having an explosive impact in the manufacturing sector. A recent article from Industry Week makes some predictions for the direction of manufacturing technology in 2020. Additive Manufacturing (AM) – This refers to technology such as 3D printing, where materials are joined together, usually layer by layer, to create new objects. Advances in […]
Industry 4.0: What You Need to Know
The value of the Industry 4.0 market is predicted to exceed $150 billion within the next five years—so what do you need to know about it? A recent article from Industrial Machinery Digest offers an overview of the technologies it includes. 5G Connectivity – This is the fastest and most reliable wireless network to date. […]
What Manufacturing Will Look Like In 2020
What does this year hold for the manufacturing industry? A recent article from Manufacturing Business Technology makes three key predictions about what will impact the industry most in 2020. 5G-Connected Manufacturing Devices – The incidence of 5G connectivity between manufacturing devices is predicted to skyrocket in 2020. This type of connection is lightning fast and […]
Tips for Creating a Strong Family Enterprise
Family business isn’t the same as it used to be. In the past, the most common model was for a family to focus on one business together. These days, families are more likely to branch out beyond their legacy business, working together to support one another in new ventures. A recent article for Industry Week […]
Using Data to Your Advantage During a Downturn
With experts reporting that the manufacturing industry is headed toward recession, what can you, as a manufacturer, do to mitigate the upcoming damage? In a recent article for Forbes, Louis Columbus discusses how manufacturers can employ a data-driven strategy to achieve growth, despite uncertainties. Columbus recommends that manufacturers try the following methods: Improve their aftermarket […]
Navigating Growth in the Face of Uncertainty
Operating a manufacturing company in the midst of a trade war is tough. In a recent article for Industry Week, authors Jeff Jorge and Brian Simpson offer some tips for continuing to pursue manufacturing growth despite economic uncertainty. They recommend the following: Pursue supply chain partners in countries not involved in the trade war. Search […]