HOW DO I STACK UP IN TERMS OF DIGITAL maturity against my manufacturing peers? This is a question that I have been asked many times. The fear of missing out creates unbearable pain.
Trade wars and the COVID-19 pandemic exposed some of the manufacturing wounds: tight margins, supply chain risks, changes in consumer preferences, lack of flexibility in niche positions and volatility in commodity prices, among many others. As manufacturing companies are trying to heal from those wounds, they face the prospect of either winning or losing the pandemic recovery and the transition to the new stationary state that will follow in the next several years.
In this process, digital transformation is at the core of corporate programs to navigate and recover from the pandemic. Corporate campaigns and visions around this topic – such as transitioning into a digital business, embracing the fourth industrial revolution and building a smart manufacturing company – have become mantras.
THE GRASS IS NOT ALWAYS GREENER
This story is from the September 2021 edition of Manufacturing Today.
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This story is from the September 2021 edition of Manufacturing Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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