Despite 2023 being a challenging year for manufacturers, global manufacturing output is set to achieve a compound annual growth rate of 3% between now and 2027 according to technology insight business Interact Analysis. From digitalization and demand forecasting to economic uncertainty and emissions targets, 2023 presented several challenges for the manufacturing industry. However, these difficulties also provided opportunities for manufacturers to innovate and increase their competitiveness as the industry transforms. Today's Medical Developments Magazine | Helen Blomqvist | #Manufacturing
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[Five Mega Trends Nidec is facing] To realize industrial innovation which makes humankinds’ lives better, it is necessary to solve global issues such as environmental issues. At Nidec, we regard individual global issues we are facing as “mega trends,” and we act to solve them. Please watch this video to know more details!
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💡What are the significant trends shaping the manufacturing industry in 2024? This article from Global Trade Magazine forecasts the key trends to watch out for. The article outlines the pivotal trends to shape the industry in 2024, offering valuable foresight into emerging opportunities and challenges. What do you think of these trends? https://lnkd.in/g7Yiq2ii #Manufacturing #IndustryForecast #2024Trends
The Biggest Manufacturing Industry Trends Heading Into 2024
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Founder & CEO at Makersite | Proponent of Data-Driven Ecodesign & AI-Driven Digital Twins | NetZero Advocate
#ICYMI: New research commissioned by Makersite with Forrester reveals a staggering 69% of advanced manufacturers strongly agree that their ability to learn how to build high-performance, cost-effective, and sustainable products will create a significant competitive advantage. In stark contrast, only 14% of novices share this sentiment. This statistic underscores the pivotal role that continuous learning and innovation play in today's dynamic manufacturing landscape. As technology evolves and consumer expectations soar, staying ahead of the sustainability curve is no longer a luxury but a necessity. https://bit.ly/3Ugppbj
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One of the many things that makes me proud about working at PA is how we bring innovation to life - not just demonstrating the latest technologies, but showing organizations the practical steps to realize their value and positive human impact. In this article, my colleagues in our advanced manufacturing team, show how to balance innovation with practicality to create resilient and sustainable manufacturing operations. #AdvancedManufacturing #Innovation
Mixing innovation and practicality in advanced manufacturing
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The materials industry plays a key role in driving technology forward, but manufacturers often overlook innovation tactics that would help them invent new products. Our R&D Innovation Performance Study found that the materials industry is trailing other sectors in deployment of common best practices. Explore the findings to unlock opportunities for your materials business: https://hubs.la/Q02tn3lT0 #materialsindustry #innovationstrategy
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It is undeniable that 2023 has been a transformative year for the Australian manufacturing sector as it navigates through numerous challenges throughout the year. This year, the industrial landscape saw many ups and downs and witnessed evolving technologies, stronger sustainability imperatives, and a greater demand for resilience. As we step into 2024, it’s time to revisit the key trends that shaped the industry and explore how we can better prepare for the new year. #AustralianManufacturing https://lnkd.in/gd9rHdE7
Manufacturing wrapped up: Trends that shaped the industry in 2023 - Australian Manufacturing
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𝗗𝗿𝗶𝘃𝗶𝗻𝗴 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝘄𝗶𝘁𝗵 𝗥𝗲𝗰𝘆𝗰𝗹𝗲𝗱 𝗣𝗹𝗮𝘀𝘁𝗶𝗰𝘀 In the past couple of years, the world of recycled plastics has evolved significantly, offering exciting opportunities to use them in advanced applications, including medical devices. Leveraging rPlastics in your products not only drives innovation but also supports sustainability. Here are key steps to maximise their use: 𝗠𝗼𝘃𝗲 𝗕𝗲𝘆𝗼𝗻𝗱 𝗦𝗽𝗲𝗰𝘀: Simply asking buyers for materials with certain specifications isn't enough. 𝗣𝗿𝗲𝗰𝗶𝘀𝗲𝗹𝘆 𝗗𝗲𝗳𝗶𝗻𝗲 𝗬𝗼𝘂𝗿 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲: Understand your specific needs and the problem you aim to solve. 𝗠𝗮𝘀𝘁𝗲𝗿 𝗦𝘂𝗽𝗽𝗹𝗶𝗲𝗿 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Speak the language of suppliers to articulate your requirements clearly and provide actionable feedback. 𝗖𝗵𝗼𝗼𝘀𝗲 𝘁𝗵𝗲 𝗥𝗶𝗴𝗵𝘁 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀: Identify suppliers who have the capabilities and willingness to collaborate closely with you. Let's reshape the industry together! Share your rPlastic success stories below.
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S/4HANA Cloud I RISE with SAP I SAP Architecture I Business Transformation I Change Management I Leadership
🚀 Embracing Industry 5.0 is not just an option—it's a game-changer for SME manufacturers! 🌟 Industry 5.0 combines human creativity and decision-making with the efficiency and precision of advanced technologies. This powerful synergy not only boosts productivity but also enhances sustainability and resilience. Discover how adopting these cutting-edge practices can transform your manufacturing processes and drive innovation. Read more 🌐🔧 #Industry5 #Manufacturing #Innovation https://lnkd.in/gFvpiHEH
Embracing Industry 5.0 is a game changer for SME manufacturers
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𝐓𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐢𝐬 𝐛𝐫𝐢𝐠𝐡𝐭, 𝐰𝐢𝐭𝐡 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐭 𝐢𝐭𝐬 𝐜𝐨𝐫𝐞! ♻️ From reducing energy consumption to minimising waste, the industry is undergoing a transformative shift towards eco-friendly practices. 🔍 Sustainable Manufacturing: With growing environmental concerns, sustainable manufacturing practices are more crucial than ever. Companies are investing in energy-efficient technologies, waste reduction strategies, and eco-friendly processes to minimise their carbon footprint and protect our planet. 💡 Digital Twin Technology: Digital twins are revolutionising manufacturing by creating virtual replicas of physical assets and processes. By simulating real-world scenarios, manufacturers can optimise performance, predict maintenance needs, and make data-driven decisions for greater efficiency and sustainability. 🔄 Reshoring and Nearshoring: The COVID-19 pandemic underscored the importance of resilient supply chains. Many businesses are reshoring or nearshoring their manufacturing operations to mitigate risks and reduce reliance on global supply networks, leading to shorter lead times and decreased environmental impact. 🌍 Customisation and Personalisation: Consumer demand for customised products is driving a shift towards flexible manufacturing processes. Mass customisation technologies enable manufacturers to meet individual preferences while minimising waste and maximising efficiency. Join us in embracing the future of sustainable manufacturing! What sustainable initiatives is your company implementing? Share your thoughts in the comments below! 💚 #Sustainability #Manufacturing #Innovation #FutureOfWork
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Commercial Lead SAP PU - Northern Europe at T-Systems | SAP | Cloud | Strategy | Transformations | Migrations | Hosting
🚀 Embracing Industry 5.0 is not just an option—it's a game-changer for SME manufacturers! 🌟 Industry 5.0 combines human creativity and decision-making with the efficiency and precision of advanced technologies. This powerful synergy not only boosts productivity but also enhances sustainability and resilience. Discover how adopting these cutting-edge practices can transform your manufacturing processes and drive innovation. Read more 🌐🔧 #Industry5 #Manufacturing #Innovation https://lnkd.in/ew4KRHKw
Embracing Industry 5.0 is a game changer for SME manufacturers
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