As factories and processes become increasingly digitalized, the threat of a cyberattack is growing. With hacking regularly making the headlines — think back to 2017’s WannaCry ransomware attack — you would assume that manufacturers had put safeguarding measures in place to prevent a similar threat from disrupting their operations. However, government research has found that this isn’t exactly the case.
Datawright Blog: Latest Industry Insights
With markets becoming even more competitive and boundaries blurring further, being a manufacturer is no longer as simple as making things. The industry as a whole is in the midst of a servitization transformation, as manufacturers venture into the services field — a space that was traditionally reserved for specialist service providers.
As a manufacturer, you’ll already understand the importance of your warehouse within your business. As the place where raw materials arrive and are stored, as well as where finished products are kept before shipment, your warehouse is a hub of activity. Without effective warehouse management, your entire set-up could descend into chaos — with disastrous consequences for your supply chain.
The UK’s automotive manufacturing industry has an annual turnover of £69.5 billion, contributing £15.5 billion to the economy. Over 30 vehicle manufacturers produce more than 70 car models in the UK alone — a process that wouldn’t be possible without the support of the automotive aftermarket including over 2,000 car parts manufacturers.
With technology rapidly impacting all areas of our lives, it was naive to believe that manufacturing would be exempt from the digital revolution. We’re officially in the midst of Industry 4.0, dubbed the ‘fourth industrial revolution’ — but has it lived up to expectation?
Here, I take a look at how the current manufacturing landscape has been shaped by Industry 4.0:
In a world where we are surrounded by modern technology and advanced devices, Bring Your Own Device (BYOD) is not a new phenomenon. Employees have adopted a more relaxed attitude to IT for years now, using their own personal laptops and mobile devices to carry out a range of workplace tasks.
Supply chains have always been present. As far back as we can remember there has always been supply and demand — from the farmers growing crops to the marketplace sellers and eventual end consumers.
Few commentators were prepared for the scale of the “Leave” vote in June’s Brexit referendum. Both politicians and the manufacturing industry were undeniably shocked at the outcome, and the Bank of England lost little time in slashing interest rates to a historic low of 0.25%, and taking steps to bolster domestic demand.
Catagories: Manufacturing Business
Growing a manufacturing business isn’t easy. And rarely is the challenge harder than it is for smaller manufacturers, where hard-pressed senior management must spread themselves thinly across multiple activities—handling finances, marketing, product development, quality control, human resources and much more.
Technology isn’t standing still. But while all of us are used to the rapid pace of change of information technology—IT, in other words—it might be a surprise to realise just how much ordinary manufacturing technologies are changing, as well.