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When tracking trends for future growth opportunities, for example, invest real money (2 to 4 percent of the sales budget is good) to develop analytical tools and teams that monitor trends such as demographic shifts, regulations, and new technologies. Only the CEO can push this kind of coordination through.
As technology transforms our economy, one trend is getting more and more attention: the prospect that it will increasingly automate the work that we human beings do. While it’s true that technology is taking over routine tasks from many workers, it is also reshaping many supply and demand trends that drive our global markets.
Yet rather than license its breakthrough technology to a company such as Nikon and sell the product through traditional camera retailers, Lytro is building its own camera that it will sell through Internet channels such as Amazon and via the company's own website.
But it is realistic to envision the growth of high-value-add, high-skill, high-wage manufacturing industries like the microprocessor and computer-networking businesses that Intel and Cisco launched in the 1980s. Trouble is, two recessions in 10 years have cut the capital fuel supply to the tech-company-creation engine.
Likewise, companies like PCH International and Dragon Innovation are now available to manage contractmanufacturing and otherwise “make manufacturing feel easy” to entrepreneurs or small companies, as noted by The Wall Street Journal’s Chris Mims last year.
The resulting challenges may include new contract-manufacturing relationships, which can be a complicated and disorienting process for the uninitiated. Information & technology Operations Organizational culture Product development' Operations. and design and user experience.
Leaders of many companies — in industries ranging from contractmanufacturing, and software services to consulting and health care — tell us the same thing: “We want to move up the value chain.” The technologies and trends shaping tomorrow’s businesses. Insight Center. The Future of Operations.
We partnered with a company in a Singapore that had expertise in RFID technology, and began to put together a solution involving tags on bottles, a customized storage unit that could read the tags, and a software management system. The integration between the tags, the storage unit, and the software was technologically tough to pull off.
The technologies and trends shaping tomorrow’s businesses. Therefore, contractmanufacturers that perform 3D printing such as Shapeways generally wait to fill a batch that uses the entire build room. 3D printing technology undoubtedly has great potential. However, it is unlikely to replace traditional manufacturing.
Last year, networking giant Cisco Systems worked with one of its contractmanufacturers in Malaysia to deploy 1,500 energy and temperature sensors on its manufacturing equipment. The technologies and processes that are transforming companies. Insight Center. Operations in a Connected World. Sponsored by Accenture.
As companies rethink their supply chains, they ought to seriously consider embracing a new manufacturingtechnology that’s now ready for prime time: 3-D printing. No longer relegated to trinkets and prototyping, 3-D printing, which is also called additive manufacturing , is now moving into mass production.
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