When economies slow down, one industry that immediately feels the effect of this is manufacturing. Unfortunately, this is unavoidable.
While there are some industry leaders who are going to turn to expert advice and reading reviews of laser cutters and other new technology, this may not be enough. It is important to know what is coming and what to expect. Keep reading to learn how technology may help the manufacturing industry rebound in 2021.
According to a recent study, it was discovered that up to 80% of all individuals working in the manufacturing industry predict that the pandemic will have a huge financial impact on business. For other companies, the impact is about 48%. There are two main reasons that manufacturing is hit so hard -; first of all, manufacturing jobs are on-site. This means it is impossible to do them remotely. The second reason is that reduced activity has resulted in a minimal demand for industrial products around the world.
Now is the time for those in this industry to take steps to safeguard their resurgence in 2021. One of the best ways to do this is by investing in new tech for the post-COVID-19 era.
Putting Robots to Work
It is expected that more and more manufacturing firms are going to look at technologies that allow for the remote operations of their facilities. The goal here is to continue operation with fewer human workers on-site.
The use of automation and other types of industry 4.0 technologies like analytics, VR, and AR will help ensure that efficiencies have been achieved with a minimal impact. This is going to affect an organization's bottom and top line.
In many manufacturing settings, the use of teleoperation is already in place. This allows machinery such as forklifts to be operated from a remote location. It is possible for specialists to join the field operators through AR headsets remotely and across several locations with no need to be there in person. It is believed that remote working along with automation is going to provide organizations with improved access to pipelines of talent, regardless of their geographic location.
The Use and Integration of 5G Tech
The development of Industry 4.0 has diminished in some verticals. This is because of the impact of the pandemic which has deterred some manufacturing organizations from investing in any type of new tech. However, it is believed that as 2021 begins, there will be a resurgence of this investment as the industries work to get back to their pre-COVID levels.
It is believed that 5G is going to have a huge impact on what is going on in the coming year in manufacturing factories across the U.S. and the world. That is because it provides a low latency level of connectivity that is also reliable. These are all things that Industry 4.0 is reliant on.
When it comes to building the manufacturing industry back to what it was before the onset of the pandemic, there is no question that it will take time. While this is true, it is believed that technology will have a front seat when it comes to achieving the goals that have been set. Those in this industry should keep this in mind and take the right steps to implement this technology to ensure that success is had.
