Search
Close this search box.

The Manufacturing Industry Is Evolving amid the Pandemic

2020 was such a tumultuous year for various industries around the world. The global pandemic brought about by the COVID-19 crisis was the main culprit. Due to lockdowns and restricted movements, several businesses were forced to shut down temporarily, while others had to close for good. 

But as the pandemic has been more than a year, it appears that some industries have managed to survive. Surprisingly, the manufacturing industry is one of them. In fact, a 2020 Manufacturing and Distribution survey shows a significant or modest business profit among companies despite the pandemic. Along with this is the fact that new and emerging trends have become apparent during the global crisis.

That said, here’s how the manufacturing industry is evolving in the midst of the pandemic:

1. Localized Production

This year, expect the manufacturing industry to have a shift to localized production. This trend has long been true for the agricultural sector. However, this shift is seen happening in the manufacturing industry due to the pandemic restrictions. Companies try to avoid the threats of the global supply chain and lean towards getting supplies in the locality instead. 

If your business deals with manufacturing supplies such as lumber, metals, rubber, stones, clay, and textiles, it’s best to construct a local plant. While you’re at it, obtain local supplies and invest in tools and equipment such as an industrial air compressor, pneumatic system, CIP system, and pumps.

2. Digital Transformation and Advanced Technology

The global pandemic has forced businesses to have digital transformation. Due to the restrictions, companies have to rely on digital resources. This is particularly true for the manufacturing industry as well. 

Manufacturers have to use the internet for their sales and marketing. They also take advantage of automation and cloud computing for their inventory. Even the utilization of sensors and robotics drives manufacturing companies to have more efficient production and quality products.

If you manufacture and supply materials or products, it’s about time to consider a digital transformation for your business. Take advantage of digitalization and modern technology to augment your bottom line.

3. Resilient Supply Chain

A supply chain is vital in most businesses, especially in the manufacturing industry. Unfortunately, the year 2020 was quite challenging for the manufacturers. They had a hard time procuring the materials they needed for their business operations.

But as these manufacturing companies have surpassed the year, they have found ways to ensure a resilient supply chain. These strategic ways include utilizing local suppliers, multi-sourcing, monitoring supply chains using AI, and 3D printing for manufacturing supplies.

If you’re running a manufacturing business, consider one or some of these strategic ways to have a robust supply chain.

4. Workforce Investment

It appears that the use of advanced technologies such as automation is replacing humans. However, a recent report shows that automation isn’t replacing humans. It is actually creating new work opportunities for them. 

As you grow and expand your manufacturing business, you have to invest in your workforce. This means getting people to work in your factory or warehouse to run your pieces of machinery and using advanced technologies for your business. 

Sure, the need for more workforce might have halted for now due to the pandemic. But expect this workforce trend to boom in the coming years. During the post-pandemic period, you might need more people for your manufacturing business than ever before.

5. Sustainability

Sustainability has been all the rage in the world of business in recent years. This is the practice of running a business without negatively affecting the environment. In fact, going ‘green’ has been in the vocabulary of several companies in various industries. 

Sustainability applies to the manufacturing industry all the more. Why? The industry accounts for 54 percent of the global energy consumption and 20 percent of global emissions. As such, you have the responsibility to take care of the environment while manufacturing products and supplies. 

If you’re running a manufacturing business, find practical means to preserve the environment without compromising your bottom line. Some strategic ways include recycling materials, reusing and repurposing items, switching to renewable energy sources, and reducing waste.

There’s no sign of stopping and slowing down for the manufacturing industry. With localized production to resilient supply chain down to sustainability, expect the industry to survive and thrive. If you run a business in the manufacturing industry, consider these new and emerging trends and incorporate some of them into your business. Ultimately, you’ll be amazed at how these will help your business grow and flourish in the long run!

 

 

About the Author:

Share:

Facebook
Twitter
Pinterest
LinkedIn

Trending

Slide 1 Heading
Lorem ipsum dolor sit amet consectetur adipiscing elit dolor
Click Here
Slide 2 Heading
Lorem ipsum dolor sit amet consectetur adipiscing elit dolor
Click Here
Slide 3 Heading
Lorem ipsum dolor sit amet consectetur adipiscing elit dolor
Click Here
Previous slide
Next slide

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.

Related Posts

b2b mobile ecommerce

How B2B Mobile Ecommerce Services Can Help Your Company

In today’s fast-paced digital landscape, the implementation of B2B mobile ecommerce services is not just an option but a necessity. Companies across various industries, including those specializing in land packages, adhesive coating manufacturers, and paving contractors, are realizing the immense benefits that these tools provide. With mobile ecommerce, businesses can streamline operations, enhance customer interactions,

Why You Should Start a Process Server Company

Starting a process server company presents an excellent opportunity for those interested in the legal field and business ownership. The role of process servers is crucial in the legal system, as they ensure that legal documents such as subpoenas, summonses, and complaints are delivered accurately and in a timely manner. By launching a process server

How Has Mill Lining Been Innovated Over the Years?

Mill lining technology has seen significant advancements over the years, transforming how grinding mills operate in industries like mining, cement, and mineral processing. These innovations have been driven by the need for more durable, efficient, and cost-effective solutions to protect mill shells and enhance grinding performance. One of the most notable innovations is the development

small businesses online

What All Small Businesses Online Need to Succeed

In today’s digital era, establishing and running a successful online business requires precise strategies and careful planning. Small businesses online face unique challenges and opportunities that require a fresh perspective compared to traditional brick-and-mortar stores. To thrive, these businesses must not only attract potential customers but also build lasting relationships with them. From mastering website

Scroll to Top