Trends to Boost Your Manufacturing Business in 2022

Bhagyashri Kambale | October 27, 2021 | 876 views
Technologies in the manufacturing industry are upscaling daily. Manufacturers are keen to embrace the latest manufacturing trends to improve their manufacturing process, total production rate, and product quality at their factories. Manufacturing technology advances have also boosted production speed while retaining product quality.

“As technology takes over and enhances many of the processes we used to handle with manual labor, we are freed up to use our minds creatively, which leads to bigger and better leaps in innovation and productivity.” – Matt Mong, VP Market Innovation and Project Business Evangelist at Adeaca.

Apart from manufacturing technology developments, we will look at new manufacturing business trends in this article, which will help you achieve maximum customer engagement and a positive relationship with your target consumer groups.

So, let's see some of the top manufacturing business trends that are assisting the industry in improving its business processes.

Manufacturing Business Trends: 2022

Manufacturers must adopt a business procedure that focuses on the target consumer group. Also, incorporating social responsibility and technology into company procedures would be beneficial.

Here are five ways manufacturing leaders are becoming more communicative and results-oriented in their manufacturing and consumer experience strategies. 

Deliver a One-of-a-kind Digital Experience

Every industry's target demographic is now online. Manufacturers must use digitalization to interact with their target consumer group to be noticed and remembered. Maintain an active presence on all popular digital platforms used by your target demographic. Post your new products, business strategy, or get genuine customer feedback on your brand and products. Engage your target audience and keep them informed of your progress in making their lives easier.

“Marketing is VERY important to any company, although I generally see it being justified by the number of web hits or ‘leads’ that come in” – John Hays, Director of Sales at BALYO

Allow your clientele to interact with your products digitally. To be a part of the new digital revolution in any industry, create a new digital business model.

Initiative for Ecosystem Partnership

An ecosystem partnership is a network of enterprises working together to provide a product or service to meet changing market needs. A partner ecosystem can generate customer-ready solutions faster. It also helps firms to co-create value. This value is demonstrated in extraordinary customer and partner experiences. The B2B ecosystem partners work together to bring mutual benefits to their companies.

Revenue Generation via Data Monetization

Data monetization allows industrial CIOs (Chief Information Officers) to monetize their digital products and services. Rapid digitization in manufacturing generates massive data. CIOs may monetize and distribute data across ecosystems. CIOs can leverage information as a resource to generate new services or business models. This ensures revenue even when external reasons like supply chain issues or human resource shortages interrupt the firm.

Using the Equipment as a Service (EaaS) Approach


EaaS, or Pay-Per-Use, is defined as: A business model where equipment is rented rather than sold, with remote diagnostics and predictive maintenance solutions offered by the vendor.

Using Eaas reduces capital expense, improves data reliability, and lowers operating costs. As a result, producers can undertake all production-related tasks with precision.

Bosch RexRoth CytroBox – a Perfect Example of EaaS

The global equipment-as-a-service market is estimated to develop at an 11.5 percent CAGR from 2021-2027. (OpenPR)

The RexRoth Cytrobox from Bosch is an example of EAAS. This hydraulic power unit converts electrical power into hydraulic fluid pressure and flow to move and force a machine. They are widely utilized in presses and tooling equipment.

It can handle up to 33 kW in a small space. Its exceptionally flexible; its unique design allows it to run efficiently and quietly. In addition, modern automation and sensor packages allow easy integration into modern machine designs.

Benefits of Bosch RexRoth CytroBox
  • It provides data insights during the long lifecycles
  • Using this hydraulic power unit on a lease can save a lot of money which cost $100.000
  • It requires heavy maintenance cost as per its type of usage that can be avoided with the EaaS approach


Shifting the Emphasis from B2B to B2C

Many firms are moving their attention from B2B to B2C to understand their target consumer better. This new strategic approach helps producers identify market needs and gain real-time feedback on their products. This method helps producers increase profit margins while also controlling the product's interaction with the intended audience.

Final Words

The latest manufacturing trends will take you to the cutting edge of manufacturing. The manufacturing developments in 2022 will boost the total manufacturing market in the coming years, allowing manufacturers to generate more business revenue.

FAQs

What is the manufacturing industry's future?

Industry 4.0 is rapid technological progress in production and is transforming the worldwide manufacturing industry. According to bccresearch's market research, the global manufacturing and process control market is predicted to increase from $86.7 billion in 2020 to $117.7 billion in 2025, a CAGR of 6.3 percent.

What is the industry 4.0 technology in the manufacturing industry?

IoT, industrial internet of things (IIoT), Cyber-physical systems (CPS), cloud computing, artificial intelligence, big data, machine learning, robotics, virtual reality, augmented reality, and additive manufacturing or 3D printing are some technologies that are used in industry 4.0 factories.

What are the current technology trends in the manufacturing industry?

AI, robots, 3D printing, and the like are all the latest manufacturing trends in manufacturing technology. Additionally, enterprise resource planning (ERP), cloud computing, and machine vision all play a significant part in advanced manufacturing.

Spotlight

Bigtincan

Bigtincan (ASX:BTH) helps sales and service teams increase win rates and customer satisfaction. The company’s mobile, AI-powered sales enablement automation platform features the industry’s premier user experience that empowers reps to more effectively engage with customers and prospects and encourages team-wide adoption. In addition to seven of the Fortune 10 companies, leading brands including AT&T, ThermoFisher, Merck, ANZ Bank and others rely on Bigtincan to enhance sales productivity at every customer interaction. With global sales and marketing headquartered in Boston, Bigtincan also has offices across EMEA, Australia and Asia. To discover more about how your organization can benefit from the Bigtincan Hub platform.

OTHER ARTICLES

Achieving Interoperability in an Industry 4.0 Factory

Article | February 11, 2020

As a part of the Industry 4.0 movement, factory engineers are increasingly adopting some form of industrial Ethernet to interconnect the machines and other equipment implementing their production processes. Ethernet has been around in multiple forms for over 40 years. Most of it serves the IT community by interconnecting PCs and other equipment to a company LAN. Because of its flexibility, Ethernet has been adapted to many industrial uses.

Read More

The Impact of Coronavirus on Electronic Manufacturing

Article | February 11, 2020

Wuhan, the epicenter of the outbreak, is considered a crucial hub in the middle of China, a place of high importance for the production of automobiles, electronics, optics, and fiber optics. Wuhan and surrounding cities in the Hubei province are currently on a government-imposed quarantine at a scale the world has never seen before, some Chinese officials have referred to the situation as warlike.

Read More

Digitalizing Your Manufacturing Ecosystem

Article | February 10, 2020

Making digitalization work for you requires an understanding of your manufacturing ecosystem. Standards - such as ISA-95 - only guide you on a journey to more deeply comprehend the workings of your unique process for manufacturing your products. A batch manufacturing ecosystem often includes campaign management. Campaign management is not mentioned in ISA-95, which only speaks generally of order processing.

Read More

4 Food and Beverage Manufacturing Trends on Tap for 2020

Article | February 10, 2020

It’s the food and beverage industry’s job to appeal to consumer tastes by keeping tabs on what’s hot and what’s not. In the 1990s, for instance, fat free or reduced fat was all the rage, evidenced by the variety of products with such descriptions featured in bold typeface on cartons, cardboard and boxes. Fast forward to today, thanks in part to advancements in nutrition science, fat is back and is recommended in low-carb diets such as Atkins and Keto.

Read More

Spotlight

Bigtincan

Bigtincan (ASX:BTH) helps sales and service teams increase win rates and customer satisfaction. The company’s mobile, AI-powered sales enablement automation platform features the industry’s premier user experience that empowers reps to more effectively engage with customers and prospects and encourages team-wide adoption. In addition to seven of the Fortune 10 companies, leading brands including AT&T, ThermoFisher, Merck, ANZ Bank and others rely on Bigtincan to enhance sales productivity at every customer interaction. With global sales and marketing headquartered in Boston, Bigtincan also has offices across EMEA, Australia and Asia. To discover more about how your organization can benefit from the Bigtincan Hub platform.

Related News

MANUFACTURING TECHNOLOGY, DIGITAL TRANSFORMATION

Rootstock Software Named Most Promising Salesforce Service Provider for its Manufacturing ERP Solution

Rootstock Software | January 27, 2023

Rootstock Software has been awarded "Most Promising Salesforce Service Provider" by CIOReview for its manufacturing ERP on the Salesforce Platform. The platform offers precise control over operational areas such as engineering, production, supply chain, and inventory and helps manufacturers adapt to challenges in the post-pandemic era. This award shows that Rootstock Software is serious about giving manufacturers solutions that help them become more flexible and quick. Rootstock's ERP is native to Salesforce, allowing organizations to benefit from its ability to plug-and-play with other enterprise and point solutions. The platform offers features such as Salesforce Lightning, Einstein AI, and natural language processing and is specifically designed for manufacturers, distributors, and supply chain organizations. Rootstock Software has shown with this award that it is committed to giving manufacturers modern enterprise solutions that are made to fit their needs. David Stephans, CEO of Rootstock Software, said, “By using Salesforce at the frontend and Rootstock at the backend, manufacturers can truly transform their operations for the post-pandemic era.” (Source - Businesswire) Rootstock's team brings decades of manufacturing and ERP experience to help customers succeed. Rootstock Software is a leader in the Gartner 2020 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises because of how hard it works. About Rootstock Software Rootstock Software is a company that makes and uses cloud enterprise resource planning (ERP) software to help manufacturers and distributors build operations that can grow, offer personalized, 360-degree customer experiences, and provide better service than their competitors. Their cloud ERP solution, Rootstock, is natively built on the Salesforce Platform and offers a suite of modules including order management, manufacturing operations, supply chain management, and financial management. Rootstock is ranked as a leader in the ERP Value Matrix by industry analysts and has vertical expertise in discrete manufacturing, medical devices, and high-tech verticals. The people who work for the company work with customers as trusted advisors to bring about change and transformation. Rootstock continues to grow and expand its offerings.

Read More

DIGITAL TRANSFORMATION

Viridi Parente Chooses Bright Machines to Digitize Manufacturing Facility

Bright Machines | January 25, 2023

On January 24, 2023, Bright Machines, a leader in intelligent, software-defined manufacturing, and Viridi Parente, Inc., a leading developer of safe, resilient, point-of-use battery storage technology, announced that Viridi has chosen Bright Machines to transform the company's U.S. electric battery manufacturing facility digitally. Bright Machines Microfactories, the company's full-stack assembly automation solution, modernizes production by integrating data and AI. This gives Viridi new capability to fulfill the growing demand for its zero-carbon emission energy battery solutions. Viridi manufactures battery energy storage systems in Buffalo, New York. Bright Machines will play a key role in the assembly of Viridi's stationary lithium-ion battery pack system modules, which are developed and tested to be fail-safe for installation in industrial, commercial, and residential settings. Companies like Viridi and Bright Machines are fueling the United States' re-emergence as a global manufacturing powerhouse. Bright Machines will assist Viridi in automating the assembly of its clean, sustainable power sources, which will replace century-old distributed energy platforms, including fossil fuel, lead-acid batteries, and other outmoded technologies. Additionally, Viridi will implement more sustainable practices by utilizing Bright Machines' intelligent automation solution, which evaluates production areas to determine the appropriate material requirements to reduce fault rates. Viridi will also be able to decrease overproduction and instead produce-to-order depending on local market demand as its facility is near the end consumer. This will result in reduced landfill and an overall reduction in Viridi's carbon footprint. The only option to reduce costs, emissions, and geopolitical risks while satisfying U.S. battery and electrification demand is to localize the production of crucial battery components. Intelligent assembly automation from Bright Machines enables rapid product evolution at a low cost while minimizing time to market. In addition, the trend toward closer-to-home production promotes jobs in the United States and allows businesses to progress their sustainability efforts through local and regional supply chains. About Bright Machines Founded in 2018, Bright Machines is a leading technology firm that offers an innovative approach to software-defined, intelligent manufacturing. It uses machine learning, computer vision, 3D simulation, and adaptive robotics to alter production's flexibility, scalability, and economics fundamentally. Bright Machines runs R&D facilities in the United States and Israel, with additional field operations in the United States, Mexico, China, and Poland, and it employs more than 500 people globally. It has been recognized as a "Technology Pioneer" by the World Economic Forum and one of "America's Most Promising Artificial Intelligence Companies" by Forbes in 2019.

Read More

MANUFACTURING TECHNOLOGY,DIGITAL TRANSFORMATION,ROBOTICS AND AUTOMATION

Allied Electronics & Automation Provides Industrial Control Solutions in North America

Allied Electronics & Automation | January 24, 2023

Allied Electronics & Automation is the largest authorized distributor of industrial control equipment in North America, offering over 197,000 products optimized for industrial control systems. It is a trading brand of RS Group plc, a global omni-channel product and service solutions provider. Industrial control systems (ICS) are systems, devices, networks, and controls used to electronically operate or automate industrial processes in public utilities, manufacturing, chemical and petrochemical, food and beverage, pharmaceutical, oil and gas, automotive, and transportation industries. System sizes can range from a few modular controllers to massive control systems with thousands of field connections. Allied supports the distinct needs of different ICS with a wide range of industrial control products and a highly experienced, reliable, and responsive technical staff committed to helping customers find the right solutions for their systems. Allied provides cable entry and exit solutions for industrial control cabinets, including ILME rectangular connectors and Mencom cable gland adapters. These solutions allow for secure wiring connections with contactors inside the cabinet (available from suppliers such as Joslyn Clark) and support high-precision machinery and equipment outside the cabinet, including linear motion technology from suppliers that include SCHNEEBERGER. Allied's industrial control solutions include contactors, control stations, controllers, disconnect switches, electric linear actuators, electronic and mechanical counters, inductive signal couplers, machine guarding and machine safety equipment, mechanical power transmission equipment, panel meters, power outlets, power transfer switches, robots, signal conditioning and converter devices, slip rings, solenoids, and timers. About Allied Electronics & Automation Allied Electronics & Automation is a trading name of RS Group plc, a leading global omni-channel industrial product and service solutions supplier to customers developing, building, and maintaining industrial equipment and operations safely and sustainably. The company ships roughly 60,000 shipments daily through numerous methods to 32 countries. It assists customers throughout the product life cycle through innovation and technical support during the design phase, improved time to market and productivity during the build phase, or reduced purchasing costs and inventory optimization during the maintenance phase. The company provides customers with customized product and service offerings that are critical to the success of their businesses and help them save time and money.

Read More

MANUFACTURING TECHNOLOGY, DIGITAL TRANSFORMATION

Rootstock Software Named Most Promising Salesforce Service Provider for its Manufacturing ERP Solution

Rootstock Software | January 27, 2023

Rootstock Software has been awarded "Most Promising Salesforce Service Provider" by CIOReview for its manufacturing ERP on the Salesforce Platform. The platform offers precise control over operational areas such as engineering, production, supply chain, and inventory and helps manufacturers adapt to challenges in the post-pandemic era. This award shows that Rootstock Software is serious about giving manufacturers solutions that help them become more flexible and quick. Rootstock's ERP is native to Salesforce, allowing organizations to benefit from its ability to plug-and-play with other enterprise and point solutions. The platform offers features such as Salesforce Lightning, Einstein AI, and natural language processing and is specifically designed for manufacturers, distributors, and supply chain organizations. Rootstock Software has shown with this award that it is committed to giving manufacturers modern enterprise solutions that are made to fit their needs. David Stephans, CEO of Rootstock Software, said, “By using Salesforce at the frontend and Rootstock at the backend, manufacturers can truly transform their operations for the post-pandemic era.” (Source - Businesswire) Rootstock's team brings decades of manufacturing and ERP experience to help customers succeed. Rootstock Software is a leader in the Gartner 2020 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises because of how hard it works. About Rootstock Software Rootstock Software is a company that makes and uses cloud enterprise resource planning (ERP) software to help manufacturers and distributors build operations that can grow, offer personalized, 360-degree customer experiences, and provide better service than their competitors. Their cloud ERP solution, Rootstock, is natively built on the Salesforce Platform and offers a suite of modules including order management, manufacturing operations, supply chain management, and financial management. Rootstock is ranked as a leader in the ERP Value Matrix by industry analysts and has vertical expertise in discrete manufacturing, medical devices, and high-tech verticals. The people who work for the company work with customers as trusted advisors to bring about change and transformation. Rootstock continues to grow and expand its offerings.

Read More

DIGITAL TRANSFORMATION

Viridi Parente Chooses Bright Machines to Digitize Manufacturing Facility

Bright Machines | January 25, 2023

On January 24, 2023, Bright Machines, a leader in intelligent, software-defined manufacturing, and Viridi Parente, Inc., a leading developer of safe, resilient, point-of-use battery storage technology, announced that Viridi has chosen Bright Machines to transform the company's U.S. electric battery manufacturing facility digitally. Bright Machines Microfactories, the company's full-stack assembly automation solution, modernizes production by integrating data and AI. This gives Viridi new capability to fulfill the growing demand for its zero-carbon emission energy battery solutions. Viridi manufactures battery energy storage systems in Buffalo, New York. Bright Machines will play a key role in the assembly of Viridi's stationary lithium-ion battery pack system modules, which are developed and tested to be fail-safe for installation in industrial, commercial, and residential settings. Companies like Viridi and Bright Machines are fueling the United States' re-emergence as a global manufacturing powerhouse. Bright Machines will assist Viridi in automating the assembly of its clean, sustainable power sources, which will replace century-old distributed energy platforms, including fossil fuel, lead-acid batteries, and other outmoded technologies. Additionally, Viridi will implement more sustainable practices by utilizing Bright Machines' intelligent automation solution, which evaluates production areas to determine the appropriate material requirements to reduce fault rates. Viridi will also be able to decrease overproduction and instead produce-to-order depending on local market demand as its facility is near the end consumer. This will result in reduced landfill and an overall reduction in Viridi's carbon footprint. The only option to reduce costs, emissions, and geopolitical risks while satisfying U.S. battery and electrification demand is to localize the production of crucial battery components. Intelligent assembly automation from Bright Machines enables rapid product evolution at a low cost while minimizing time to market. In addition, the trend toward closer-to-home production promotes jobs in the United States and allows businesses to progress their sustainability efforts through local and regional supply chains. About Bright Machines Founded in 2018, Bright Machines is a leading technology firm that offers an innovative approach to software-defined, intelligent manufacturing. It uses machine learning, computer vision, 3D simulation, and adaptive robotics to alter production's flexibility, scalability, and economics fundamentally. Bright Machines runs R&D facilities in the United States and Israel, with additional field operations in the United States, Mexico, China, and Poland, and it employs more than 500 people globally. It has been recognized as a "Technology Pioneer" by the World Economic Forum and one of "America's Most Promising Artificial Intelligence Companies" by Forbes in 2019.

Read More

MANUFACTURING TECHNOLOGY,DIGITAL TRANSFORMATION,ROBOTICS AND AUTOMATION

Allied Electronics & Automation Provides Industrial Control Solutions in North America

Allied Electronics & Automation | January 24, 2023

Allied Electronics & Automation is the largest authorized distributor of industrial control equipment in North America, offering over 197,000 products optimized for industrial control systems. It is a trading brand of RS Group plc, a global omni-channel product and service solutions provider. Industrial control systems (ICS) are systems, devices, networks, and controls used to electronically operate or automate industrial processes in public utilities, manufacturing, chemical and petrochemical, food and beverage, pharmaceutical, oil and gas, automotive, and transportation industries. System sizes can range from a few modular controllers to massive control systems with thousands of field connections. Allied supports the distinct needs of different ICS with a wide range of industrial control products and a highly experienced, reliable, and responsive technical staff committed to helping customers find the right solutions for their systems. Allied provides cable entry and exit solutions for industrial control cabinets, including ILME rectangular connectors and Mencom cable gland adapters. These solutions allow for secure wiring connections with contactors inside the cabinet (available from suppliers such as Joslyn Clark) and support high-precision machinery and equipment outside the cabinet, including linear motion technology from suppliers that include SCHNEEBERGER. Allied's industrial control solutions include contactors, control stations, controllers, disconnect switches, electric linear actuators, electronic and mechanical counters, inductive signal couplers, machine guarding and machine safety equipment, mechanical power transmission equipment, panel meters, power outlets, power transfer switches, robots, signal conditioning and converter devices, slip rings, solenoids, and timers. About Allied Electronics & Automation Allied Electronics & Automation is a trading name of RS Group plc, a leading global omni-channel industrial product and service solutions supplier to customers developing, building, and maintaining industrial equipment and operations safely and sustainably. The company ships roughly 60,000 shipments daily through numerous methods to 32 countries. It assists customers throughout the product life cycle through innovation and technical support during the design phase, improved time to market and productivity during the build phase, or reduced purchasing costs and inventory optimization during the maintenance phase. The company provides customers with customized product and service offerings that are critical to the success of their businesses and help them save time and money.

Read More

Events