Last year brought near-apocalyptic changes throughout the economy.
And according to the US Bureau of Labor Statistics (BLS), manufacturing output dropped a staggering 46.7% in Q2 and rose an equally dramatic 54.8% by Q3. The National Manufacturers Association reports that full-time employment in the sector is expected to fall by 2.2% over the next 12 months.
On the other hand, face-to-face selling, a stalwart practice for decades, has all but disappeared. Loyal buyers are forced to source remotely, while prospects look for new homes after their supply chains have broken. The loss of revenue creates more friction for manufacturers to cut costs while making their operations more resilient and maintaining — and even increasing output. And on the buyer side, there is even greater pressure to remain relevant to customers. The question is, how do you go about addressing all this?
Enabling workforce flexibility, increasing internal efficiency, and finding new routes to market are critical to manufacturing competitiveness in 2021. Download this report to learn how your company can capture 30 percent revenue growth by implementing new technologies.
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