Manufacturing Technology Trends to Watch for in 2023 and Beyond – Supply and Demand Chain Executive

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Over the last year, the manufacturing industry has faced significant disruption. Inflation and recession fears, continued economic instability and a tight labor market, not to mention global conflict in addition to political lack of stability, have all left manufacturers with no shortage of challenges to overcome. As within any new year, the manufacturing industry will largely look to technology to meet these challenges.

Here are some of the top technology trends expected in the producing industry in 2023 and even beyond:

1. Manufacturers will ramp up digital initiatives to attract the next generation of workers

As more and more veteran workers retire, manufacturers must increase their digital endeavours to appeal to the next crop of workers who grew up in a digital world, with always-on connectivity together with data at their fingertips. However, a reliance on legacy paper-based processes and additionally spreadsheets risks pushing the following generation associated with talent to more digitally advanced industries. Manufacturers will increasingly turn to digitize manual processes that are foreign to the younger generation to meet the labor gap created by older workers aging out regarding the labor force.

Recent research   found that 95% of discrete manufacturers still use paper based processes (27% still use paper for more than half of all processes). It is imperative that manufacturers embrace technology upon the shop floor in order to attract brand new labor.

2.   Cloud adoption will unlock expanded access to analytics, driving a revolution in smarter decision support by manufacturers

2023 will be the 12 months discrete producers start to be able to unleash the particular full power of analytics. To date, some have been using analytics for quality inspection and security use cases, but it will increasingly be used across key areas of operations, such as overall production performance, customer experience, product traceability not to mention safety programs.

Recent research revealed a growing shift to cloud-based manufacturing execution software (MES) as companies migrate key operations and also analytics applications to take full advantage of typically the benefits involving a hosted cloud infrastructure. For the stats revolution for you to truly take off, however, more will need to jump to this cloud.

3.   Increased cloud adoption means increased protection risks

Manufacturers, particularly small to medium-sized enterprises (SMEs), are increasingly embracing migrating their operations to the cloud. At the same time, attacks targeting cloud infrastructure are on the particular rise, according to the  Netwrix 2022 Cloud Data Security Report , and typically the industry most vulnerable to attacks on the cloud is manufacturing. Slightly more than half of manufacturing companies experienced an attack on their cloud infrastructure in the past year, in accordance to this report.

Focusing on cybersecurity represents a significant change for manufacturing leaders, many of whom still think within terms associated with physical risks-they’re not yet used to often the idea regarding advanced persistent threats focusing on a manufacturer.

Manufacturing operations are no longer just physical plants. They are impair computing infrastructures, subject to your same cyber threats that target every other business. Because of this, manufacturers’ approach to cybersecurity needs to reflect that will. Cybersecurity can no longer just be an IT consideration. It’s a critical business decision that can potentially make or break an organization and all involving its operations.

4. Inflation will drive manufacturers to focus on visibility for better forecasting

Current economic uncertainty plus the threat of a looming recession will force manufacturers in order to take the closer look at their procedures, and how they collect and use data. Expect a sustained focus on putting systems in place to drive better presence and improved forecasting as an essential part of managing day-to-day manufacturing functions and generating informed production and inventory forecasts.

Without proper visibility into the shop floor, businesses have blind spots and struggle to improve performance. A new generation connected with AI-powered machine learning is redefining what “visibility” means to executives, empowering organizations to better navigate volatile markets while outperforming their own competitors inside cost in addition to speed.