Manufacturing Magazine November 2020 | Page 67

their operations footprints and operating models and supply bases . Companies are re-assessing their supply strategies and determining whether they have sufficient redundancy and diversity in their supply base . Companies are contemplating regionalising , reshoring and nearshoring . As companies consider reshoring , they will have to rely on automation in order to offset higher labour rates . Companies are also investing in smart supply chain control towers to better understand customer buying patterns and proactively identity disruptions and bottlenecks .
What do you believe are any future trends that could play a more influential role in manufacturing over the coming years ?
The future of manufacturing will likely focus on anything that improves agility , speed , resilience and sustainability — and the name of the game will be to do it at scale . Overarching the continued adoption of digital technologies will be the dominant trend . We are expecting continued learning and adoption of AI and ML to improve learning and drive realtime root cause corrective action . With advancements in analytics and
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