How Manufacturers are embracing AR to Overcome Challenges
AREA member INFRASI has put together an invaluable easy to read resource on How Manufacturers are embracing AR to Overcome Challenges. It’s important to closely analyze these challenges of your business, from customer relationships to hiring employees to reshoring options and likely much more. Let’s look at nine manufacturing challenges that companies are expected to battle in the coming year.
Skilled labor gap
With a generation filled with skills entering retirement, the manufacturing industry is witnessing a looming labor shortage. As a result, manufacturers are struggling to find motivated, knowledgeable employees for the job.
The manufacturing industry is increasingly using the Internet of Things. A majority of firms either have already implemented the technology or are on the verge of implementing the Internet of Things machines. These smart machines assist companies in collecting useful information that can aid them in improving productivity and implementing predictive maintenance.
COVID-19 has shown us all that this is a critical time to explore the implementation of automation technologies (and all things Industry 4.0, including collaborative robotics, autonomous material movement, the internet of things, and artificial intelligence).
System age and usability
Today’s workers need an updated system. Internal users require updated systems that can assist them in better job performance. Updated systems offer flexibility, greater insight, and speed – permitting workers to perform their tasks more efficiently and effectively.
Growing with increasing demand
- Increasing capacity – having so much demand that you need to increase capacity can force choices, like moving to a new facility or expanding your existing facility.
- Demand-driven manufacturing – many manufacturers are just keeping up with work based on orders from existing customers, leaving little time or money to invest in other critical initiatives.
Trade war effects
Current trade wars affect all industry sectors. Manufacturing is not an exception since finished products and raw materials are sourced and sold across the globe. In the coming year, the industry is considering tactical changes to ease the impact of trade wars that are always heating up.
Supply chain visibility
There must be real-time, granular visibility within the entire supply chain. Manufacturers must be aware of every detail. They must know when products delay reaching the market. Being updated on such situations will give them an upper hand to adjust or rectify the problem.
Businesses are rethinking their global manufacturing strategies. Companies are motivated to participate in reshoring efforts due to rising foreign wages, rising tariffs, and reconsiderations of the total cost of ownership.
Responding to Covid-19
The effects of COVID-19 have impacted manufacturing, top to bottom. It’s hard, even with a business plan, to adequately address the unpredictable and rapid variables of the outbreak: quarantining, restricting travel options, closing schools, disrupting supply chains, etc.