LONDON, 22-Feb-2021 — /EPR INDUSTRIAL NEWS/ — We are moving more and more into an on-demand world, where the companies who embrace digitalization and agility thrive. We have witnessed that the companies surviving in this new era of manufacturing are the ones who go digital, be agile, and mitigate risk.
The recent pandemic has resulted in new ways of working, highlighting the importance of getting immediate access to products and services. As manufacturers navigate the new normal, realizing digital agility has never been more important.
Having a responsive supply chain proves essential. Once you take a product to market, it is key to safeguard the supply chain. With a constantly changing market, your supply chain should be able to rapidly respond to satisfy demand where that means making more of the same product, or shifting focus to another more in demand item.
When done correctly, automation paves the way to digital agility. Agility results in lower cost and errors, whilst increasing productivity and sales. Digital agility enables manufacturers to quickly pivot when faced with disruption.
When manufacturers get it right, automation provides a path towards digital agility, which ultimately leads to the reduction of cost and errors, while improving productivity and raising revenue. Digital agility is especially important amid COVID-19 disruptions, as it allows manufacturers to quickly pivot.
Digitalization and technology help companies embrace new market trends. Market opportunity is evident in industry, the capture this, companies and their manufacturing partners need to push the existing boundaries and strive to push themselves and digitalize their processes. As products and services are moving more and more on-demand, only those that embrace this will gain competitive advantage.