A study affirms what SCMR has been forecasting for some time now. Supply chain managers can’t begin too early on technological upgrade to accommodate the “new economy.”
The 2016 Industrial Manufacturing Trends Report, published by PwC, asserts that investments in technology are “essential” for the growth of the U.S.manufacturing sector. According to the report, making strategic investments is one key to growth, particularly in fast-evolving industries.
Innovation is building a “data-driven factory of the future with robotics, augmented reality, 3D printing, Internet of Things and other technologies, creating an environment of higher productivity and reduced costs,” the report said.
The report added that many of the technological innovations used in manufacturing today will be commonplace within the next 5 to 10 years, meaning that manufacturing executives “must lead with an eye toward that reality, and not merely the current bottom line.”
SC
MR
Latest Supply Chain News
- What options do you really have? Shaping the supply chain resilience funnel
- Nexus suppliers: Hidden anchors of resilience in decentralized supply chains
- Developing the next generation of supply chain leaders: Is higher education serving the needs of the marketplace?
- The value proposition: Bridging the skills gap between the SCM degree and the workplace
- Lead time economics: What semiconductor supply chains reveal about strategic planning
- More News
Latest Podcast
Explore
Topics
Latest Supply Chain News
- Coordinating AI-enabled supply chain operations
- The hidden supply chain risk no dashboard shows
- CSCOs need plant leaders to close the manufacturing transformation gap
- AI is reshaping the last meter of delivery
- Last-mile delivery success begins before the driver arrives
- The Digital Supply Chain Imperative: From Visibility to Execution
- More latest news
Latest Resources
About the Author
Patrick Burnson, Executive Editor
Patrick is a widely-published writer and editor specializing in international trade, global logistics, and supply chain management. He is based in San Francisco, where he provides a Pacific Rim perspective on industry trends and forecasts. He may be reached at his downtown office: [email protected].
Follow SCMR on social media.
@SupplyChainManagementReview on Facebook
@SCMR on Twitter
SCMR on Linkedin
Subscribe
Supply Chain Management Review delivers the best industry content.
Editors’ Picks
