It will have to deliver on order fulfillment and tracking, secure payments, customer service management, and sales and marketing activity tracking while providing a 360° view of all your B2B and B2C customer interactions. A whopping 98% of organizations report that a single hour of downtime costs them over $100,000. It has evolved a lot since its inception. Here are the trends of manufacturing that will set your business apart in 2021. For many manufacturers, this presents an exciting opportunity. They are trends that show the vital role of technology in the supply chain, and how its use has â¦ Media Trends and Predictions 2021 provides a deep understanding of next yearâs media consumer, alongside the key media strategies designed to spark consumer-led economies back into growth. “Innovation is driving business growth, and technology is enabling manufacturers to evolve with an increasingly digital-first business landscape.”. Predictive analytics enables manufacturers to monitor equipment performance using any number of performance metrics and to automate the data collection process using IoT technology. 11 Trends That Will Dominate Manufacturing in 2021 by Martin Boggess Much has been said about Industry 4.0, and how it has revolutionized the manufacturing world by providing manufacturers with opportunities to utilize advanced tools and technologies throughout the product lifecycle. As part of its larger 2021 predictions guide, Forrester has released a list of five trends it believes will drive the smart manufacturing industry in the year to come.The COVID-19 pandemic led to a difficult year for manufacturing businesses in 2020, but those difficulties led to remarkable innovations and adaptations that Forrester said are likely to stick around in 2021. These days, manufacturers depend on 3D printing to support prototyping — a highly cost-effective way for product designers to test and troubleshoot new products — and to produce items on demand rather than have to manufacture and warehouse them. Therefore, it’s vitally important for manufacturers to ensure that all equipment functions at optimal performance levels — and many are turning to predictive analytics and predictive maintenance to do so. Midyear 2020 outlook: Understanding new manufacturing industry trends This year began with the manufacturing industry just starting to gain some momentum when the COVID-19 pandemic hit. According to a study from the MPI Group, nearly a third (31%) of production processes now incorporate smart devices and embedded intelligence. You can even conduct monitoring tests while equipment is in operation, which means there’s no loss of production due to equipment shutdown. When Kress was announced as the new Shapeways CEO in early 2018, Kerry noted, ... That is, the capability of additive manufacturing in the overall manufacturing workflow has been proven out. 92 Interested. It is said that humans revolve around the technology. With 2021 fast approaching, Hitachi expresses the requirement for manufacturing organisations to turn their attention away from industry 4.0 and look towards industry 5.0. With that in mind, letâs look at 5 manufacturing trends to watch in 2020: Wearable Technology. To start developing a forward-thinking strategy that incorporates these and other manufacturing trends, contact Hitachi Solutions today. Several exciting things are happening in the manufacturing industry, which not only ensures its survival, but predicts the industryâs further growth. The government is now planning to invest nearly USD 70 billion in building six new economic cities with business supportive regulations and modern infrastruâ¦ Share this event with your friends. IoT is (Still) THE Big Thing Hitachi Solutions, Ltd. 1994, 2020. The rise of the Internet of Things (IoT) in industrial applications has given way to the increased prevalence of wearable technology in the manufacturing industry. With 2021 fast approaching, Hitachi expresses the requirement for manufacturing organisations to turn their attention away from industry 4.0 and look towards industry 5.0. Dec 03, 2020 (The Expresswire) -- âFinal Report will add the analysis of the impact of COVID-19 on this industry." New business models: Can your company stay profitable and competitive in 2021? Hosted by. The aerospace and automotive manufacturing industries have already embraced 3-D. Near-sourcing, also known as local sourcing, is the process by which a business brings operations closer to where its finished product is sold; in manufacturing, it typically refers to the sourcing of raw materials from domestic suppliers. That is not because we didn’t try it; it’s because we had almost no base from which to build here in the U.S.”. There’s no doubt that Industry 4.0 has enabled manufacturers to increase operational visibility, reduce costs, expedite production times, and deliver exceptional customer support. The government of Saudi Arabia is providing huge financial and administrative backing to the manufacturing sector. Manufacturing has been around for a long time. As a business owner, you have to understand the basics of manufacturing to gain an edge over your competitors. IoT-enabled devices make it possible for manufacturers to safely monitor equipment performance at a distance and identify potential issues before a malfunction even occurs; they also enable technicians to gain a complete understanding of the problem at hand and come up with potential solutions before they arrive at the job site, so they can get in and get out that much faster. Our midyear outlook focuses on three manufacturing industry trends to follow in the second half of 2020 as companies attempt to recover and thrive . The pandemic has caused significant disruption to the global supply chain, making it more challenging for manufacturers who source from other countries — China, in particular — to get a hold of materials. Trend #1: Adapt to new customer preferences MANUFACTURING IN 2021 Luckily, we also heard good news about the cyber security in manufacturing. Stuck in an endless cycle of traditional break/fix IT? Much has been said about Industry 4.0, and how it has revolutionized the manufacturing world by providing manufacturers with opportunities to utilize advanced tools and technologies throughout the product lifecycle. Learn more about Microsoft Dynamics 365 Customer Insights and AI to get the most value out of your c, Our Unified Framework drives innovation and accelerates growth, We share a passion for technology, innovation, and client satisfaction, Our pride in what we do is what drives the success of our projects, Technology strategists with humble beginnings, Transparent, honest, fair, and with integrity; that is the Hitachi way. COVID-19 has changed the world — and the manufacturing industry — as we know it. Employee Safety Becomes a Top Priority Take a look at the top trends and must-know statistics in the food manufacturing industry for 2021: Driven by Food Safety and Transparency. Manufacturing Global Magazine is the ‘Digital Community’ for the global Manufacturing industry. However, as 2021 rapidly approaches, it’s time to turn our attention away from Industry 4.0 and toward Industry 5.0. Depending on who you ask, Industry 5.0 is either on the immediate horizon, or it’s already here, its arrival accelerated by the onset of the COVID-19 pandemic. There is no better place to see the latest market trends than in Manufacturing Indonesia 2021. If you are new to manufacturing at this point, donât worry! Predictive Maintenance Keeps Production on Track High protein leguminous crops Tasting the Futureâs founder Mark Driscoll said there were a number of so-called ancient grains or orphan or forgotten crops that the food industry could be tapping to exploit demand for high protein leguminous crops. In the past, customers were often reluctant to explore touchless service options and instead preferred the convenience of having a technician come onsite to complete a repair. IoT, which entails the interconnection of unique devices within an existing internet infrastructure, has enabled manufacturers to make informed, strategic decisions using real-time data and achieve a wide variety of goals, including cost reduction, enhanced efficiency, improved safety, product innovation, and more. Now, due to COVID-19, more customers are open to this idea, enabling manufacturers to evaluate new processes and procedures with the long-term goal of making them permanent fixtures. 3D printing has also transformed the expensive and time-consuming process of tooling. Manufacturers must figure out where their products fall within this five-point scale and plan accordingly. The architecture, engineering, and construction (AEC) industry has historically been slow to change. How manufacturers can move toward added-value services, improving sustainability, and new channels to market. Manufacturing Trends for 2021 Oct 15, 2020. Innovation in manufacturing techniques - bioanalytical capabilities, cell line development, aseptic manufacturing, downstream/upstream Continuous biomanufacturing - significant support for this in the small molecule space, what are the challenges and opportunities in the large molecule arena Manufacturing Global Magazine covers smart manufacturing, digital factories, factory of the future, lean manufacturing, ERP, manufacturing technology, AI & Automation - connecting the world’s largest community of manufacturing and operational executives. We can expect both reshoring and near-sourcing to be leading trends heading into 2021, as manufacturers attempt to reduce or eliminate entirely dependencies on foreign materials. Manufacturing Global takes a look at the top 10 emerging trends in 2021. Manufacturers Plan Their COVID-19 Exit Strategy Nigeria may be out of recession by the first quarter of 2021, as projected by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, but analysts in KPMG Nigeria have stated that there are 10 macro trends that will determine the fate of the nationâs economy next year. Nothing beats seeing the products live, seeing is believing. As manufacturers continue to adapt to COVID-19 realities, they are realigning their organizations to quickly adapt, stay competitive, and remain focused. Although it might seem to the general public like something out of a science fiction novel, 3D printing has been a staple in additive manufacturing for almost 40 years. “COVID-19 has revealed the U.S. dependency on offshore manufacturing, especially China. 1. Those who wish to not just survive, but thrive, must leverage the latest technologies and trends. From a public safety perspective, it’s impractical, if not impossible, for field service technicians to show up on job sites on a moment’s notice; every work order must be meticulously planned well in advance. Those companies that find themselves in a position to hire will likely have their sights set on highly data-focused employees. Now, thanks to 3D printing, manufacturers can complete tooling onsite in just a matter of days; this has made 3D printing a fixture in the automotive and aerospace manufacturing industries in recent years. “IoT and predictive analytics are having a major impact on manufacturing, offering exciting new opportunities for connecting operations and transforming business processes,” said Michael Strand, Senior Vice President at Hitachi Solutions America. Manufacturing Global Magazine focuses on manufacturing news, key manufacturing interviews, manufacturing videos, the 'Factory of the Future Podcast' series along with an ever-expanding range of focused manufacturing white papers and webinars. Here are six hot trends with a solid ESG element for a tech-driven energy solution: ... including manufacturing and product use. Manufacturing Indonesia 2021: Reasons to Visit For instance, productivity in construction has only grown one percent annually over the [â¦] We’ve also seen manufacturers take a data-driven approach to ERP upgrades. From functionality and transparency to packaging and upcycled food, hereâs a breakdown of FoodBev Mediaâs top five food trend predictions for 2021. COVID-19 has brought renewed interest to IoT technology due to its remote monitoring and predictive maintenance capabilities. Looking ahead, manufacturers will likely continue to reevaluate their workforce based on shifts in demand. Developer Velocity: Empower Developers to be More Agile, Innovative, and Productive, Webinar: Customer Insights in a Day, Vietnam, news stories about mass layoffs and furloughs. In addition to basic safety precautions, such as enforcing social distancing measures on the production floor and ensuring that workers sanitize their workspace, manufacturers must closely and carefully monitor who enters and exits their facilities, and which individuals or equipment they interact with. The economies in many go-to offshoring countries have become stronger in recent years, leading to an increase in wages for their citizens. Are you? As a world leading Tech news provider, it is our duty to keep you updated with the latest trends of technologies.So, letâs have a look on the Latest technology trends 2021 will influence and impact our lives in coming future.. Read Also â Most Demanding Programming Languages in 2020 The year 2021 will witness many sectors, especially the manufacturing industries adopting 3-D technology. Join Julie Fraser, VP Research, Operations and Manufacturing for Tech-Clarity, and Mike Stein, Product Manager, Sage X3, as they discuss the outlook for 2021. Manufacturers Reevaluate Shoring & Sourcing Heading into 2021, we can expect to see a lot of forecasting around future revenue as manufacturers roll into recovery and adapt to the “new normal” — this will require manufacturers to readjust forecasts, assess impact to business, and determine where to retool, rescale, or draw back. These trends will not only help manufacturers remain resilient to future COVID-related disruption should other countries shut down a second time, they’ll also provide a much-needed boost to the U.S. economy. These tools now have more connectivity to every aspect of the extended enterprise, and with this increased connectivity comes more data. Everyone is needed and, therefore, we wanted to share these insights with you. These include implementation of the required infrastructure, construction of new industrial cities like Jubail and Yanbu, the establishment of SIDF (Saudi Industrial Development Fund) and other incentives which help industrialization. Regardless which viewpoint you subscribe to, there can be no doubt that manufacturers must continue to embrace change in order stay ahead of competitors and win market share in an ever-evolving industry. Where the fourth industrial revolution focused on using technology to optimize the means of production, the fifth is all about connecting man and machine — that is, collaboration between humans and smart systems. All rights reserved. 14 Supply Chain Trends for 2020/2021: New Predictions To Watch Out For Supply chains are the lifeblood of most, if not all, businesses today. This article discusses and acknowledges how industry 4.0 has allowed âmanufacturers to increase operational visibility, reduce costs, expedite production times, and deliver exceptional customer support.â However, as we quickly move towards 2021, it is time to start looking at industry 5.0. In 2021, these tools are finally poised to live up to their full potential. Prior to COVID-19, reshoring — that is, bringing imported goods or materials back to domestic production — was already well on its way to becoming common practice amongst U.S.-based manufacturers. Artificial intelligence (AI) and machine learning have topped the list of digital transformation trends for years. This has led many manufacturers to in-source facilities maintenance and management and placed increased emphasis on traceability, which requires manufacturers to reclaim internal equipment data from OEMs. […] As the pandemic shows, we can suddenly be in the impossible position of not having enough critical supplies. According to some reports, as many as 749,000 jobs were brought back to the U.S. between 2010 and 2018 as a result of reshoring. While industry 4.0 focuses on the use of technology to optimise production, 5.0 is all about connectivity, driving collaboration between humans and smart systems. The B2C model boasts a number of appealing benefits, including: To effectively sell direct to consumers you’ll need to select a platform for your eCommerce operations that supports both your B2B and B2C sales platforms. “COVID-19 has really gotten people’s attention,” said Harry Moser, President of the Reshoring Initiative, an organization founded to promote manufacturing repatriation. Manufacturing Indonesia 2021 is the perfect opportunity to demonstrate your products first hand to your clients and future business partners. Keeping all supply chain components running as smoothly as possible ensures that your business can provide on-time delivery of products and services. The Committee on Visionary Manufacturing Challenges was established by the National Research Council's Board on Manufacturing and Engineering Design to identify the major challenges that will face manufacturing enterprises in 2020 and the enabling technologies to address these challenges. Predictive maintenance is proven to reduce unplanned outages and to extend machinery life by years. Historically, it took months for manufacturers to create the molds, jigs, and fixtures necessary for the mass production of heavy equipment, and many manufacturers depended on the support of tooling companies headquartered overseas. (Photo : Predicting 2021 Trends in the CNC Machining Industry) ... Below are four more CNC trends likely to emerge in 2021. Gartner breaks its post-pandemic planning framework into three phases, referred to collectively as “The Reset”: Gartner also identifies five possible pathways businesses can take to reset depending on how they’ve been affected by the pandemic: Organizations that have been hard-hit by the pandemic are advised to reduce or permanently retire operating models that have been pushed to the point of breaking. It almost goes without saying that employee safety is a — if not the — leading trend for manufacturers heading into 2021. Renewed interest in IoT and increased emphasis on predictive maintenance means big data is an even bigger trend than ever before; we can likely expect almost every surface to be transformed into a sensor for data collection in order to generate real-time insights for manufacturers. This approach enables manufacturers to move data forward, consolidate around modern data platforms, and build tangent functions on top of their existing data model without having to perform a full replacement or make any significant changes to their existing ERP, resulting in a faster time to value. Finally, organizations with digitalized business units would do well to rescale. In our new report âTop 2021 Trends: Architecture, Engineering, and Construction,â industry experts shed light on 15 trends that are going to shape the industry in 2021 and beyond. Additionally, 34% of manufacturers have plans to incorporate IoT technology into their processes, while 32% plan to embed IoT technology into their products. One of the biggest issues last year that still sends shivers down the spine of manufacturers is the recall of millions worth of romaine lettuce. Though this type of employee is likely to be a rare find due to the ongoing shortage of tech-savvy talent, companies like Hitachi Solutions are producing easy-to-use technology that will create new opportunities for employees of all backgrounds. Technology allows data collection, providing ways for efficient monitoring of production, and reduces costs. Shifting Focus from B2B to B2C While industry 4.0 focuses on the use of technology to optimise production, 5.0 is all about connectivity, driving collaboration between humans and smart systems. We’ve all seen news stories about mass layoffs and furloughs as a result of COVID-19; naturally, the manufacturing industry has also been affected, however, the degree of disruption varies from one manufacturer to the next based on what they sell. We need 2021 trends for the additive manufacturing industry » 3dpbm Given the vast diversity that exists within the manufacturing industry, it’s safe to say that no two companies’ COVID-19 exit strategies are likely to look the same. Speaking of predictive maintenance, a breakdown in critical equipment is costly to manufacturers in terms of repairs, downtime, and loss of productivity. In the end, customers and field service technicians benefit from the reduced risk of exposure, and manufacturers benefit from exploring new lines of business. Those manufacturers that do manage to survive will have had their strategy slate wiped clean, meaning there’s no time like the present to start planning a pandemic exit strategy. 3D Printing Makes Production Faster & Cheaper Countries in which labor remains inexpensive lack the infrastructure to support complex manufacturing operations. Companies that produce non-essential goods have seen a significant reduction in staff, while those that produce essential goods have actually had to scale up, add product lines, and hire new workers in order to satisfy demand. The unfortunate reality of COVID-19 is that certain products and the companies that manufacture them will disappear from the marketplace, never to return. Though the Internet of Things (IoT) is becoming a more common, widespread technology in the manufacturing industry, it remains at the top of trends lists year after year for its adaptability and innovation — and this year is no exception. “Depending on who you ask, Industry 5.0 is either on the immediate horizon, or it’s already here, its arrival accelerated by the onset of the COVID-19 pandemic,” commented Hitachi. These developments in CNC machining promise to make the technology both more accessible and more reliable in 2021 and beyond. That said, COVID-19 has fundamentally changed the way in which manufacturers engage with and utilize their ERP systems. Manufacturers that intend to survive in this new era must fully embrace Industry 5.0 and reimagine the future of their companies — and the sooner, the better. The ability to collect data from a multiplicity of sources, combined with increasingly powerful cloud computing capabilities, make it possible for manufacturers to slice and dice data in ways that provide them with a comprehensive understanding of their business — an absolute essential as they work to reevaluate their forecasting and planning models and develop a successful COVID-19 exit strategy. Manufacturers are now able to utilize advanced software programs and robotics to automate many of the processes that once required human intervention. COVID-19 has proven to be a major obstacle to the field service arms of manufacturing companies, preventing technicians from going to job sites to install equipment or administer repairs. Energy has been more of a challenge than a trend. Others are advised to reinvent themselves, either by focusing on new lines of business or refocusing capacity. Similar to how COVID-19 has prompted a renewed reshoring effort, it has also led manufacturers to reevaluate sourcing. The Job Market Remains Uncertain. 5 Trends for Industry 4.0: The Factory of the Future (2021 and beyondâ¦) Philipp H. F. Wallner, Industry Manager â Industrial Automation & Machinery, MathWorks Nov 21, 2020 As part of its larger 2021 predictions guide, Forrester has released a list of five trends it believes will drive the smart manufacturing industry in the year to â¦ For more information on manufacturing topics - please take a look at the latest edition of Manufacturing Global. Real-time technologies, sensors and other innovations ensure that the manufacturing inâ¦ The year 2020 is getting to a close (âbout time) and itâs time to start looking at what our 2021 trends analysis holds for the additive manufacturing industry. Optimization, in particular, allows for cost control and profitability, which are essential for companies whose sales are down. Manufacturing as a Service Will Continue Gaining Popularity. Fortunately, assistive technology such as augmented reality (AR) and virtual reality (VR) has made it possible for technicians to provide remote assistance by sending customers AR- and VR-enabled devices and walking them through basic troubleshooting and repairs. We’ve seen a growing number of manufacturers layer agile applications on top of their existing ERP systems, rather than try to make ERP do it all. Technology is evolving very fast. This has prompted many manufacturers to diversify sourcing by adopting a “China, Plus One” strategy or near-sourcing. This insight provides manufacturers with a better understanding of how systems work and when they will fail, enabling them to administer predictive maintenance and save valuable time, money, and resources in the process. Six Trends to Implement for 2021 Growth. In recent years, many manufacturers have opted to transition from a traditional business-to-business (B2B) model to a business-to-consumer (B2C) model. As 2020 finally winds down, I sat down for a chat with Greg Kress, CEO of Shapeways, for a chat about the trends that will shape 3D printing in 2021. This renewed focus on employee safety even extends as far as field service; in order to minimize contact, technicians will need to be more prepared for each job so that they can quickly complete open work orders. BizClik Media Limited is a dynamic and disruptive global digital media company aimed at bringing business and industry executives up to date with the latest news, information and digital reports looking at the technology and digital transformations of the world leading companies and executive decision makers. Home; Supply Chain; 7 Supply Chain Trends to Watch in 2021. Those that have had to reduce their workforce have turned to IoT automation and product line and factory process optimization in an attempt to keep things as close to business as usual. Manufacturers Gain Greater Visibility into Big Data Organizations thrown into chaos due to sudden surges in demand can expect demand to return to pre-pandemic levels in the near future. Companies are able to use predictive analyticsto minimize machine breakdowns and other work stoppages that affect production lines, product output, sales, and delivery. A New Approach to ERP Collect and leverage all data and information in the organization, Design solutions from the user’s perspective that promote engagement, Unify business applications, supply chain, and internal operations, Create a culture that fosters and develops big ideas at any level, Transform how your employees, customers, and partners work together, Transition from on-prem or hybrid to platform as a service, Fuel productivity and profitability with data and connected supply chains, Achieve more with solutions built for financial services, Transform member and patient experience and optimize business, Transform agent and policyholder experience and drive growth, End-to-end solutions for today's manufacturers, Reimagine retail by delivering a frictionless customer journey, Selecting The Right Managed Services For Your Business, Prioritize your cloud enablement objectives from applications to data, Unleash the power of your apps with automation and more, Transform your internal processes using intelligent business applications, Purpose-built, designed by experts, powered by the Microsoft Cloud, Work together, get more done, protect and secure your company information, Partnering to deliver holistic solutions across the entire Microsoft stack, Ebooks, webinars, offers, customer stories, there's something for everyone, Impactful blogs on the topics you want to read about, Knowledge from our delivery experts across our solution areas. Workplace safety has, of course, always been a priority for manufacturers, but it takes on new significance in light of the pandemic. Energy efficiency. Its new report explores six plant-based food and beverage trends for 2021. VR & AR Support Touchless Service Model Enterprise resource planning (ERP) planning systems have become a mainstay amongst manufacturing companies due to their ability to streamline processes through automation, to provide accurate, real-time information, and to reduce costs. Nevertheless, we found that there will be a lot of work ahead in this field to secure the future of the changing manufacturing business alongside the digitalizing society. It wouldn’t be at all surprising if there were a dramatic increase in manufacturers’ first-time fix rates as a result. We also predict that this trend will have a direct effect on supply chain visibility, as manufacturers demand greater transparency from suppliers as they work to track issues and claims throughout the manufacturing process. Forresterâs Pascal Matzke looks at the trends expected to come for the manufacturing industry in 2021 following the Covid-19 pandemic. For example, many of our manufacturing clients here at Hitachi Solutions have approached us to create Power Apps for everything from employee safety apps to back-to-work systems; these temporary solutions sit on top of our clients’ ERP systems and enable them to adapt to the new normal of COVID-19 without having to go through a multi-year development process. 3 Manufacturing Trends Brought Up by COVID-19 Pandemic Dominating 2021 02 Nov 2020 | Anju S The ongoing 4 th industrial revolution has taken the engineering manufacturing industry by storm and the way it used to function.