Manufacturers in just about every industry are already embracing the reality of Industry 4.0 – that the digital transformation of factories is necessary, replacing manual processes with automated systems in cyber-physical smart factories.
This is crucial to manufacturers as challenges caused by global disruptions can make it even more challenging for them to ramp up production to satisfy ever-volatile market demands.
There are many subtle differences in the obstacles faced by manufacturers in different industries, but there are also a few key challenges that all manufacturers have in common. Having a limited number of assembly lines makes it difficult for manufacturers to keep up with the rising demand for customised products as well as the accelerating rate of innovation (and by extension, obsolescence) in new products.
Many manufacturers still lack the visibility required to respond to supply and demand volatility in an agile manner. At the same time, it can be challenging to be mindful of the growing list of certifications required and regulations that manufacturers need to comply with – in addition to the growing pressure for manufacturers to shift towards more sustainable practices. [Read more…] about Enabling manufacturing innovation with the virtual twin experience
