The manufacturing industry is always in a state of flux, and for the last few years the pace of change has been intense. If predictions hold true, the pace of change for the upcoming years will be almost mind-boggling, due to the influence of these five global industry trends.
1. Supply chain disruptions
With global supply chains, manufacturers need to keep an eye on political and economic situations all over the world. Even local weather conditions can disrupt a global supply chain – think of the tsunamis in Japan and the Philippines, Hurricane Sandy in the U.S. and the wind storms in China. Each of these events caused far-reaching problems for global supply chains.
Supply chain management software can help by enabling manufacturing companies to model the effect on production of alternative sources of supply in the event of a disaster, or to assess the cost impact of using different suppliers during the crisis.