From time to time, disruptions to the status quo occur causing societies, industries, organizations, and individuals to confront real change. We are at one of these times now.
Web everything, digitization of products, new advances in automation and communication, mobile, social, Omnichannel and the Internet of Things are all converging to catalyze a new generation of manufacturing business models. Customers come through any channel across the globe, new supply sources emerge, and new competitors are rewriting the rule books.
The challenge is that in a connected world, there is an assumption of an immediate—and accurate—response. In fact, this is not just an assumption as the presence of the world’s new, smaller microprocessors expands across the markets with connectivity (WiFi and RFID) and processing for data analytics and logic. They will be embedded in locations—the factory floor, smart shelves in warehouses; and in motion—transportation equipment and assets; in the products and packaging we manufacture—from industrial equipment to diapers. This connected world is smart and real-time, and it is calling your supply chain.