Marketing trends are always dynamic, and the manufacturing industry must adapt to this change. However, with the pandemic hitting a global scale, more industries are moving toward greener options for production and business.
Let’s explore the top manufacturing trends that are changing the facet of both small and big companies.
Insight 2022 and onwards
- Digitalization: Digital technology is on its optimum boom! Industry 4.0 is bringing transformational results to the manufacturing sectors. There are avenues open for plants and industries (big or small) to maximize their manufacturing possibilities. This way, you can plan to optimize the real-time production capacity by reducing the maintenance and repairs.
Software solutions are turning complementary to hardware and machine operations. Digital solutions help streamline the process, and data analysis eventually improves productivity and efficiency.
- Sustainability: The biggest cry with the present climate change in the manufacturing industry is to create a sustainable business that supports natural resources. With global warming putting pressure on the planet and creating irreversible damage – it is becoming the responsibility of the dwellers to act fast and act now.
Several manufacturing companies are taking pragmatic steps to lower CO2 emissions and increase the usage of natural resources. Lesser pressure on the environment and opting for sustainable options is one of the latest trends in manufacturing.
- Diversification: Gone are the days when the word diversity was related to any cultural affair or community activity anymore. Diversification of work culture, where several companies and industry sectors pitch in together to churn a range of skills and expertise. Business is not just making or delivering products anymore – it’s beyond that. Talents and skills from diverse backgrounds merge to generate revenue full of innovation and results from teamwork.
More than one country works on any project, and this speaks a lot about the trend changing every day not just in manufacturing but in every field of business.
- AI (Artificial Intelligence): AI is bringing revolution to different industries and not just manufacturing. An algorithm generates from AI that supports the IT system to independently learn, adapt and convert into an experience. AI has immense potential in the automation of manufacturing that pumps the business. Several companies are adapting to AI technology to boost the overall operations of the plant and assist in enhancing productivity.
Other crucial transformations are happening in manufacturing sectors – shifting from B2B to B2C model, improving the customer engagement and purchase experience, and dynamic supply chaise trends. Apart from these, diversifying the workforce is another trend that companies are considering in their efforts to build resiliency. There will be a shift in roles with robotics and automation gaining prominence. Furthermore, companies will focus on improving and developing the skills of their employees. Thus, skills development and learning will not stop, and a continuous learning process will prevail to ensure better rates of employee retention. Also, companies will rethink their operations model to move toward low carbon manufacturing systems.