IQReport January 15, 2021
U.S. Manufacturing Strengthens
The Institute for Supply Management's (ISM) gauge of factory activity rose from 57.5% in November to 60.7% in December—beating market expectations.
December now marks seven months of continuous growth, and the strongest growth rate since August of 2018, for the manufacturing sector. Manufacturing continues to show strong signs of recovering from the effects of the COVID-19 pandemic and the global economic slowdown that began in 2020. Manufacturing activity saw improvements in new orders (67.9% vs. 57.5%), production (64.8% vs. 60.8%), and employment (51.5% vs. 48.4%).
Preparing Supply Chains to Overcome Uncertainty
THE COVID-19 pandemic has laid bare many of the long-standing vulnerabilities and risks lurking in organizations' supply chains. In some cases, it has caused companies to take a hard look at their processes and their business models. In others, it has opened new opportunities for innovation, growth, and competitive advantage.
Overall, it has demonstrated the power of interconnected, digital supply networks (DSNs) to enable organizations to anticipate, sense, and respond to unexpected changes and minimize their impacts.
A recent Deloitte article offers insights and guidance on how organizations can revisit their supply chain strategies in light of all they have learned during the pandemic and prioritize the capabilities they expect to require going forward to thrive in this new normal.
Don't Miss the DELMIAworks Keynote at 3DEXPERIENCE WORLD
3DEXPERIENCE World agenda is now live. Check out the line-up of DELMIAworks product sessions and keynote. Be sure to join the DELMIAworks leadership team on Wednesday, February 10th at 8:45 am - 9:30 am PST to learn more about:
- DELMIAworks Business Updates and What's on the Horizon for 2021 from CEO, Cheri Williams
- DELMIAworks Product Updates
- DELMIAworks & 3DEXPERIENCE Works
- Customer of the Year Announcement
Remember, REGISTRATION is FREE! REGISTER NOW.
The Future of Smart Manufacturing Starts with Connected Workers
Smart manufacturing is entering a new phase in 2021 – one where manufacturers compete against each other based on how productive they can enable their people to be. Remote working technologies, improvements in real-time monitoring, and production systems sharing a common database are the foundation.
A recent article, Why The Future of Smart Manufacturing Starts with Connected Workers, highlights how enabling workers and teams with the tools they need to excel while enabling shop floor operations to transition from one manufacturing process to another is the essence of smart manufacturing today. Read the complete article.
Manufacturing 2021: The Year of the Connected Worker
As manufacturers move into 2021, the smart manufacturing technologies that enabled business continuity in 2020 will continue to play a central role in driving greater agility, improving productivity, and increasing profits in the new year.
Manufacturers will expand focus and investments on solutions that will:
- Increase worker productivity
- Improve time-to-market and preserve margins
- Support waste reduction and sustainability initiatives
- Provide greater visibility from the shop floor to the back office
DOWNLOAD THE WHITEPAPER, Provide greater visibility from the shop floor to the back office. DOWNLOAD NOW!