The Future of Manufacturing Industry

This industry is involved mainly in converting raw ingredients or parts into goods that are specifically produced to provide a certain consumer requirement. Manufacturing involves set-ups that combine manual labor and machines with large-scale production capabilities.

In making this forecast, there are certain factors that support this prediction. Some of these are the stable energy supply, the relatively low manufacturing costs, and the insignificant geopolitical risk. Because of these optimal conditions, the rate of manufacturing growth in the United States is most likely to accelerate even more. The experts have identified a more specific factor for this positive forecast. They are singling out the “rebirth” of the automobile industry in the country as a major influence on manufacturing. But, there is another factor that has a strong influence of the manufacturing industry, and this is the renewed boost in home construction.

This new renaissance in manufacturing is possible with the help of a few revolutionary trends that have improved the efficiency of production and operations, boosted cost savings, and facilitated better decisions that resulted in positive outcomes. What follows are some of these trends that will undoubtedly keep propelling the manufacturing industry into new heights.

• Outsourcing logistics management and key components of the supply chain to experts helps increase the efficiency of the manufacturing process while the manufacturer focuses on business growth and expansion.

• New approaches to technology management with the use of advanced information technology increases operational efficiency.

• Modernization of existing systems improves the quality of products and the speed by which they are delivered to the end-user.

• Globalization of product life cycle management strategies with a shift toward a multi-disciplinary customer-centered approach.

All these work together to improve the productivity of the manufacturing industry. They directly influence the different aspects of manufacturing, including product management, factory operations, and aftermarket services.

In a global sense, manufacturing continues to grow as well, especially in economies that are shifting toward industrialization.

Another interesting development that is now happening on a global scale is the paradigm shift from the traditional view that services and manufacturing are different and separate. In the United States alone, service inputs are making up a higher percentage of the activities involved in manufacturing. In relation to this, more than 50% of those employed by the manufacturing industry are performing service roles, for example office staff and professionals involved in research and development. As the demand for innovative products and services increase even more, the manufacturing industry has to overcome new hurdles in order to fulfill customer demands.

Economic conditions of all countries have recovered, it is expected that recruitment in the manufacturing sector will increase further More workers are needed on the production line when new requests enter. That’s not all, because workers who carry out non-production roles are also highly sought after. For example, some workers needed to perform non-production roles are needed in after-sales and design services.