As a result of global disruptions caused by the coronavirus pandemic, a new opportunity may exist for North American manufacturers. A recent article from Thomasnet examines how global conditions are causing a locational shift of many production and sourcing operations and how that shift is beneficial to some manufacturers.
Causes of Reshoring
Historically, the major cause …
Strong company leadership is a key component of successful lean manufacturing operations. That said, developing strong leadership is a difficult task. A recent article from Industry Week examines the benefits of people-centric leadership (PCL) and offers the following tips for developing PCL within your manufacturing organization:
Introspection – Encourage your company’s leaders to focus their …
In the wake of the coronavirus crisis, many manufacturers need to reevaluate their pricing models. In a recent article from Industry Week, author Stephan Liozu suggests a two-part plan for transitioning to a better pricing model.
Cost-Based Pricing Improvements
First, manufacturers should focus on improving their current cost-based pricing system. Liozu suggests working towards a more …
This article discusses the crossroads that the agricultural industry finds itself in throughout 2020. Although conditional farming is yielding constant results, a change in mindset is challenging the industry. Sustainability has become a hot topic in multiple industries, and agriculture is no exception. From restoring soil health to diversifying farmland, these trends are sure …
This article highlights how the world is in dire need of innovative solutions across many different industries due to the recent digitalization spike and global pandemic. For example, COVID-19 emphasized the need for 5G connectivity in the States. Additionally, trends such as additive manufacturing, data analytics, the Internet of things, and the use of …
This article discusses some of the data surrounding surveys that went out towards the start of the pandemic as well as how the pandemic has actually impacted the manufacturing industry. For example, many jobs cannot be conducted remotely, and therefore have been eliminated or significantly changed. Additionally, this link outlines some of the best …
As we venture along in 2020, specific trends within the agricultural industry continue to catch the expert’s eyes. In a year that was full of uncertainty, having an idea of what the rest of the year may look like can go a long way in terms of getting your business/farm prepared. Specifically, animal vaccines, …
U.S. manufacturers are pushing lawmakers to reverse a provision in the 2017 tax law that will force companies to write down research and development expenditures starting in 2022. Businesses and experts are concerned that if the policy is not reversed soon, U.S. competitiveness in manufacturing will be further diminished, as tax incentives to keep …
This article contains a link to a slideshow and brief overview of what the manufacturing and tech industries will look like in the next decade. Within these industries, it is crucial to prepare for both the short and long term future of your company. Being aware of trends such as wearable technology, the role …
This article discusses how the manufacturing industry is constantly changing due to Ever-changing and advancing technologies. Topics such as human-machine interaction, advanced engineering, analytics, and computer power are all outlined within this article.
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