Never before have companies relied so heavily on their human assets for their competitive advantage. You need your best people to stay, regardless of economic ups and downs. By stay, we mean that your talented people have not just checked in, but are tuned in and turned on, as well. They are... Continue Reading
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Supply chain trends for 2021 include reshoring and e-commerce, says BDO survey. While optimism is returning to the economy, 83% of U.S.-based Chief Financial Officers (CFOs) expect their company to take up to a year to recover, according to the 2021 BDO Manufacturing CFO Outlook Survey. Of... Continue Reading
The pandemic has changed the business environment dramatically, both for B2C and B2B companies. Consumer behavior has shifted from in-store to online, and to a significant extent, it will not shift back. The flood of home deliveries has bankrupted scores of firms who traditionally relied on... Continue Reading
Integrated project delivery is focused on collaboration and increasing value. Integrated project delivery (IPD) started with healthcare projects and has now migrated to manufacturing. This design and construction delivery method incorporates Lean construction tools in an enhanced collaborative... Continue Reading
Manufacturers Must Be Industry 4.0 for Success, Researchers Say There has certainly been much promotion and a certain degree of hype over the so-called "Industry 4.0" initiative relative to advanced manufacturing techniques. But Industry 4.0 seems to be primarily about a collection of... Continue Reading
With so many jobs becoming remote due to the pandemic, people are moving out of urban areas. While this might be a positive move in some ways, it makes it harder to recruit for jobs that need to be done within the walls of a manufacturing facility. “In factories across the country, fixed... Continue Reading
WASHINGTON (Reuters) - Output at U.S. factories increased more than expected in January even as a shortage of semiconductors weighed on the production of motor vehicles, pointing to resilience in the manufacturing sector recovery. Manufacturing production rose 1.0% last month after gaining 0.9%... Continue Reading
Additive manufacturing is transforming manufacturing industries, especially aerospace. In addition to manufacturing intricate, durable parts that can be made no other way, AM can make a single part that replaces multiple parts in large assemblies, reducing weight and cost. Because AM can produce... Continue Reading
McKinsey Senior Partner, Katy George and others discuss the importance of addressing resilience in the next normal. Here’s how leading companies can build a business that’s ready for tomorrow. The global pandemic has put resiliency on the agenda of every company in the world. As they... Continue Reading
Emerging developments that will become a reality with machine learning as part of everyday operations. Technology advances, such as complex robotic systems and artificial intelligence (AI), transformed manufacturing over the past decade and driven what’s commonly called the Industry 4.0... Continue Reading
Eight questions to ask if you’re considering exoskeletons for your workers. Major corporations, such as Toyota, Ford, and Boeing, have begun adding exoskeletons to their operational toolbox over the last few years. They have gone deep; generously shared their learnings; and reported some... Continue Reading
General Motors wants to end production of all diesel- and gasoline-powered cars, trucks, and SUVs by 2035 and shift its entire new fleet to electric vehicles as part of a broader plan to become carbon neutral by 2040, the company said Thursday. The company plans to use 100% renewable energy to... Continue Reading