In What Way Can Manufacturers Improve Their Performance in 2020 and Beyond?

Due to the impact of the COVID-19 pandemic, businesses have started to embrace the concept of remote work, and the manufacturing sector is venturing into the age of unmanned operations. The implementation of digital advancements has become essential to overcome physical barriers and swiftly adapt business strategies to address present and future challenges. How can organizations adapt to the changing norms and sustain efficient operations while adhering to social distancing requirements for safety purposes? Here are three crucial aspects to take into account:

Digitalization of Crucial Business Operation Data

Throughout this pandemic, companies have gradually become more inclined towards digital transformation. While individuals are already communicating online through collaborative tools, machinery can also transmit real-time data or are capable of interacting with one another through digitalization. Data can now be stored not only on local servers but also on cloud platforms, enhancing accessibility. This enables production supervisors to receive and modify procedures promptly even when working remotely. Moreover, companies can analyze this data to guide and enhance processes such as boosting yield rates or reconfiguring manufacturing methods to enhance efficiency and profitability. (Discover more)

Remote Maintenance for Vital Machinery

In recent months, the global workforce has gradually adapted to the idea of remote work. Some business proprietors have already invested in autonomous production lines to ensure continuous operations. Nevertheless, concerns arise regarding critical machinery breakdowns, which could halt production. Previously, owners of expensive machinery would engage in maintenance agreements with manufacturers. However, the current situation with city closures might render these contracts ineffective. Amid lockdowns, manufacturers might be unable to conduct on-site maintenance. As a result, there is an increasing acceptance of remote maintenance services, which were previously underutilized. Maintenance technicians can now diagnose and resolve issues for clients in real-time remotely. Leveraging the Internet of Things (IoT) enables rapid restoration of crucial machinery without the need for physical presence. This not only reduces troubleshooting time but also safeguards employees from hazardous environments. (Discover more)

Integration Among Distributed Micro-supply Chains

The outbreak of COVID-19 has compelled businesses to urgently seek new suppliers. This could be due to suppliers shutting down or a surge in anti-globalism, prompting firms to seek alternative suppliers. The disruptions experienced by global supply chains may lead to the emergence of multinational micro-supply chains to mitigate risks. These micro-supply chains offer enhanced adaptability, enabling companies to swiftly reallocate resources, production, and logistics in response to disruptions and market changes. However, to establish a more flexible and robust supply chain, multiple micro-supply chains need to be developed and managed. This surge in demand for real-time information across micro-supply chains is crucial to obtain a holistic view of the entire supply chain. Armed with this information, companies can promptly adjust strategies, analyze accumulated data, and utilize artificial intelligence (AI) to simulate various production scenarios to identify the optimal course of action. (Discover more)