Introduction
Predictions for Industrial manufacturers, 2023 risks being the year of “I told you so”. The global pandemic has caused supply chain disruptions that remain felt today. Government support for businesses and consumers in many countries has helped shield the industry from these disruptions, but subsidies are now almost non-existent. As a result, rising interest rates and the continued shortage of skilled labour. Combined with unresolved supply chain issues, will affect everyone but no more than the unprepared. Here’s how the best and the worst will fare through 2023 and beyond.
1 Smart Factory
The innovative factory concept is not new. And many organizations have made strides in obtaining higher frequency, higher resolution data about their production environments. However, in most cases, a significant opportunity remains untapped. The chance to employ smart factories covers two areas:
- Improve data capture and operational context to surface the information needed for better decisions.
- Deliver insights and information to more stakeholders in a more consumable way, precisely, active rather than passive presentation of impactful data when needed or even before.
2 Continued Supply Chain Disruption – Predictions for Industrial manufacturers
The broader connected enterprise scenario doubles when considering continued supply chain disruption. The need to be flexible, to effectively manage multiple sources of supply while managing overall profitability involves sharing information within the organization and upstream, fostering greater collaboration with suppliers. Of course, not all supply chains are created equal. So a single answer is unlikely to be optimal and may not even be feasible. A combined approach to document and transaction sharing is preferred: via organization-owned portals, vendor-owned portals, EDI. And other direct forms of data exchange.
Artificial Intelligence/Machine Learning can help understand whether a vendor’s performance is changing and whether that vendor’s performance is improving or deteriorating relative to its peers. A judgment based on which all supply chains face the same challenges. From there, it is easier to determine whether a particular supplier needs strengthening due to its critical nature or replacement over time if its long-term value is in question.
3 Skills Shortage
The skills shortage in Predictions for Industrial manufacturing will continue through 2023. While the global slowdown may ease some of the strain in labour markets, accessing the right skills in the right place will be an ongoing challenge. As part of the transition to a more intelligent factory. It will be essential to understand the skills of your employees. How they remain deployed and how you can increase the value of your employees through continuous learning. In addition, managers can improve worker efficiency and job satisfaction by automating and reducing non-value-added tasks assigned to workers.
4 Rise of Robotics – Predictions for Industrial manufacturers
Modular robotics, both in the physical world and in the data environment (through robotic process automation), is reaching levels of maturity that make it more accessible from a cost and complexity perspective. As the industry continues to focus on ease of implementation and continued use. The International Federation of Robotics reports 15% more operational industrial robots in 2021. With a typical increase of 14% per year over the past five years.
5 Increase in Cyberattacks
Looking at other engines in 2023, we are likely to see an increase in attempted cyberattacks to access critical data and deploy ransomware. Companies that have invested in a security. Alone or through third-party services, should take less risk, but no one should rest on their laurels.
6 Rise of Additive Predictions for Industrial Manufacturing
We expect to see more additive manufacturing, techniques that use computer-aided design (CAD) software or 3D object scanners to make products, in 2023, as speed, quality, and scale continue to improve. It will help resolve some of the issues in the previous topics. The adoption of 3D printing represents a significant shift in product design and thinking. Which can sometimes add too much uncertainty if other challenges reduce an organization’s risk appetite.
Conclusion
Predictions for Industrial As 2023 dawns, organizations that have already taken steps toward intelligent business applications and a holistic approach to transformation have more money and agility to adapt to today’s challenges. Conversely, organizations that choose not to take these first steps or are unable to do so will continue to find reactive solutions to problems.
Suppose 2023 is a recession year instead of battening down the hatches. In that case, companies should seize the opportunity to take the first step on a transformative journey toward more intelligent, more connected manufacturing.