EDITORS LETTER The Road to Recovery : Reigniting the Innovative Flame
After a year of recovery , manufacturers and supply chains are looking ahead to future proof their organisations , avoiding the repetition of the disruptive events of 2020 .
“ As we are evaluating what our ‘ next normal ’ will look like , we can ’ t help but see the massive opportunities this disruption has created for digital manufacturing ”
-Fictiv
As mass inoculation continues to alleviate populations of their COVID-19-induced symptoms , countries begin to emerge from lockdowns and restrictions are lifted , many organisations are making the leap back to work . The shift , as a result , is causing many to reflect on the effects of the pandemic , with the majority ( 94 %) reporting that the pandemic has had a long term effect on their business .
Now , this may sound bleak , with manufacturers reporting static supply chains , time-intensive tasks , limited talent , quality issues , and security risks as some of the key barriers to innovation , but there is a light at the end of the tunnel .
Determined to not repeat the disruptions of 2020 when it comes to future threats , manufacturers have reignited their innovative flames . For 68 % of manufacturers , improving supply chain resilience and agility is the top business priority for 2021 , alongside 40 % prioritising investments into sustainable manufacturing processes and 54 % in product innovation . Other Focus areas include manufacturing talent , industry 4.0 - advanced technologies ( 34 %) and security .
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