Operational Agility: How 2020 Has Manufacturers Seeking to Pivot to Different Business Models
Will Lovatt,
Historically, manufacturing has tended to be a rigid and traditional industry, intent on internal efficiencies, but the latest pandemic has proven that this cannot continue.
These businesses are grappling with the need to leverage the data and digital platforms they have to ensure their revenue streams are able to keep pace with the peaks and troughs of the extremely variable demand cycle, with technology as its support structure.
The recent pandemic has already seen a re-focus on local production with, of course, PPE equipment, medicines and medical devices leading the way, as well as ongoing digital transformation projects aimed at improving flexibility.