IN order to move towards a broader and in-depth proliferation of enhanced technologies in the manufacturing industry, it is of utmost importance for the international community of manufacturers to exemplify leadership in employing Fourth Industrial Revolution technologies. Uplifting factories, supply chains and business models, aiming to minimise operational costs, maximise profits and fortify manpower development are the targeted ideals of this unified front.
This is a crucial move to embark on as the global manufacturing market is trailing behind in the engagement of Fourth Industrial Revolution technologies, as more than 70 per cent of companies have not made considerable progression.
As another form of technological innovation, 3D printing or additive manufacturing can be momentarily engaged to ease the pressure on supply chains amid fluctuations in demand, as demonstrated by the Covid-19 pandemic.
Last year’s supply chain turbulence forced numerous companies to drastically relook their manufacturing and design tactics.