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COVID 19 has bought the manufacturing activity to stand still and will leave a lasting impression in the manufacturing landscape. It has exposed the weaknesses in the global supply chain and thrown the questions around the same.\u00c2\u00a0<\/span><\/p>\n With reduced spending and plummeting oil prices, how soon the manufacturing companies can bounce back depends on government spending and also how individual companies adapt to the challenges. Here is a quick overview of the impact and potential trends in manufacturing post the crisis and how partnering with trusted <\/span>servicios de transformaci\u00f3n digital<\/span> can help.<\/span><\/p>\n Impact of COVID-19 on manufacturing<\/b><\/p>\n According to a survey report from <\/span>NAM.org<\/span><\/a>, COVID has already started to grapple the manufacturers with many expecting potential consequences in the future.\u00c2\u00a0<\/span><\/p>\n The survey further reveals:<\/span><\/p>\n The impact is well across the sections of the industry and it is going to present some challenges & opportunities to move forward.\u00c2\u00a0<\/span><\/p>\n Some of the major challenges the industry has to take on.\u00c2\u00a0<\/span><\/p>\n Here\u00e2€™s a positive note of<\/span> insight<\/span><\/a> from Romil Bahl, president, and CEO, KORE on the current pandemic and its impact.<\/span><\/p>\n \u00e2€œWe see manufacturing, among many industries, emerging from this pandemic more resilient and more innovative. This is the time where creativity, embracing technology, and outside-the-box thinking is called upon in ways that we couldn\u00e2€™t have imagined prior to this experience. IoT will be there hand-in-hand to connect autonomous devices and sensors, identify supply gaps and prevent shortages with rich data to help manufacturers manage, deploy, and scale to keep their organization as productive as possible.\u00e2€<\/span><\/p>\n Key trends in Manufacturing\u00c2\u00a0 industries post COVID crisis<\/b><\/p>\n These are some trends we predict, some of them are already there but COVID 19 would expedite the rate of adoption.\u00c2\u00a0<\/span><\/p>\n Reshoring to cut down on offshoring risk<\/b><\/p>\n A major challenge for most manufacturing companies across the globe is they\u00e2€™re too reliant on the manufacturing hubs from other parts of the world. The COVID-19 impact has clearly necessitated that the leveraging manufacturing hubs for producing materials for the country from outside the country will not during volatile situations like this as most borders are sealed and literally no transportation existing between countries.\u00c2\u00a0<\/span><\/p>\n Companies\/Industries would start looking for having end to end supply chains<\/a> within their regions to navigate uncertainty.\u00c2\u00a0<\/span><\/p>\n Manufacturing renaissance through Robots<\/b><\/p>\n As COVID \u00e2€“ 19 threw the spanners in global supply chain models, companies in developed countries might shift their focus to Lights Out Factory \u00e2€“ Robots. While this might not happen immediately, this might accelerate the investment in Robots.\u00c2\u00a0\u00c2\u00a0<\/span><\/p>\n\n
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