1. Changes in demand patterns: Market demand patterns evolve, driving global manufacturing and supply chain operations transformations. Companies must be responsive and adaptable to cater to changing customer needs. This requires understanding customer preferences, effective demand forecasting, and agile production capabilities.
2. Sustainable manufacturing: Achieving sustainable manufacturing involves reducing energy consumption, carbon emissions, water usage, and waste generation. Manufacturers must embrace innovative technologies and practices to transition towards sustainable operations.
3. Supply chain resilience: A resilient supply chain can withstand disruptions, adapt to changing demand patterns, and efficiently utilise resources. Companies should invest in strategies that enhance supply chain resilience and mitigate risks.
4. Obsolete factories and modernisation: The challenge of outdated factories, equipment, and the need for modernisation poses a significant hurdle for the manufacturing and supply chain industry. Upgrading facilities and embracing new technologies are crucial to staying competitive and meeting evolving market demands.
5. Digital manufacturing & automation: Digital tools and Industry 4.0 techniques offer immense potential for optimising manufacturing and supply chain operations. Automation, data analytics, and advanced solutions can streamline processes, improve efficiency, and enable better decision-making.
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