Technology is progressing at an exponential rate. New devices and equipment are emerging faster than ever.
Manufacturers who embrace these changes not only streamline operations but also enhance the customer experience. Companies who adapt to the ever-evolving landscape can accomplish work more efficiently and effectively than those who choose to remain stagnant.
As an entrepreneur looking for a new manufacturer in the coming year, you should find a company who can keep up with these burgeoning technologies.
Here are the top manufacturing trends that you should look out for next year:
1. Internet of Things (IoT)
The Internet of Things refers to a network of devices, home appliances, software, and so on. These interconnected systems can interact with each other as well as exchange data without the need for human-to-computer or human-to-human interaction.
Automation can be applied to inventory management, monitoring of production flow, and facility management. In doing so, manufacturers can improve productivity and reduce or even eliminate human error. As an entrepreneur, you don’t have to worry about delays as manufacturers who leverage IoT are able to proactively fix equipment before it even breaks down.
If you work with a manufacturer who automates operations, you can expect your business supply chain to progress smoothly and achieve more impressive results.
2. Blockchain
While blockchain’s full potential is yet to be realized, it’s expected to disrupt the manufacturing industry and several others in the coming years.
Manufacturers have complex systems that often make accountability and transparency challenging. That’s where blockchain technologies come in. They can improve the supply chain and enhance data management.
Let’s say you are an automaker who launched a brand-new car with faulty parts. Of course, that would lead to costly repairs and recalls. However, you can significantly reduce labor costs and save time with blockchain. Manufacturers who embrace blockchain technologies enable you to trace suppliers effortlessly. That means you can dodge what would’ve been a very costly mistake.
3. Omni-Channel Sales
Companies who implement an omni-channel approach to commerce can provide their clients with a seamless shopping experience across online and offline channels. Instead of emailing back and forth before selling or buying something, you can practice self-service.
Omni-channel technologies enable you to find and purchase the parts and materials you need without having to deal directly with the manufacturer. You can save a lot of time and energy with companies who operate this way.
4. Augmented Reality
Manufacturers handle new sets of assembly instructions every now and then. Instead of going over PDFs or paper documents, manufacturers can use augmented reality glasses on their assembly lines. Workers can see instructions hands-free while they are hard at work.
That means they can improve productivity, reduce the time needed to complete a job, and eliminate mistakes.
If you want to take your business to the next level, choose a manufacturer who utilizes these burgeoning technologies to deliver better service. They should give you a competitive advantage in the coming years.