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Digital Transformation in Global Manufacturing, 2022 Analysis Report - New Revenue Streams / Investments in Digital Tools / Production Automation on the Rise / New Tools to Bring Productivity Gains - ResearchAndMarkets.com

By Business Wire

Business Wire
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DUBLIN--(BUSINESS WIRE)--The "Digital Transformation in Global Manufacturing" report has been added to ResearchAndMarkets.com's offering.

The Digital Transformation in Global Manufacturing offers a unique insight into key trends shaping the industry world-wide and in the largest markets.

The outbreak of COVID-19 has accelerated investments into digital tools as companies are looking for ways to make supply chains more resilient. Manufacturing companies are expected to benefit from new business models and revenue streams created in the next decade. Greater transparency of the supply chains and pool of new data available can help to transition into new sectors.

Key Findings

Companies invest in digital tools

The outbreak of COVID-19 has accelerated investments into digital tools as companies are looking for ways to make supply chains more resilient. Around 60% of companies globally plan to reshape and implement digital strategies.

Emerging countries catching up

Transition into digital manufacturing has been led by developed economies although emerging countries are expected to catch up. Middle East and Africa, Asia and Latin America are forecast to offer most growth opportunities for digital tools providers.

Production automation on the rise

Investments into production automation accelerate as it helps to improve production efficiency and reduce costs. Around a third of manufacturing companies globally are planning to accelerate investments into automation.

New tools to bring productivity gains

The global manufacturing sector is forecast to achieve USD1.3 trillion in productivity gains per year thanks to the use of digital and production automation tools. These gains come through improved efficiency, lower operating costs and elimination of production bottlenecks.

New revenue streams

Here's another interesting article by TechDogs Top Trends 2022 - Digital Transformation

Manufacturing companies are expected to benefit from new business models and revenue streams created in the next decade. Greater transparency of the supply chains and pool of new data available can help to transition into new sectors.

Aimed at strategists and planners, it draws on the analyst's vast information resources to give top line insight across manufacturing, B2B and services sectors.

Key Topics Covered:

Scope

  • Key findings
  • Exploring Digital Transformation in Economies and Consumers
  • Digital Transformation in Economies in-depth
  • Three areas of digital manufacturing
  • COVID-19 pandemic accelerates digital transformation
  • Developing markets take the lead in reshaping and implementing digital strategies
  • Evolution of digital transformation
  • Digital tools to enable more advanced business models
  • Companies turn to digital tools to cope with COVID-19 effects

Case study: Garlock – using digital tools for crisis response

  • Advanced production methods to help manufacturing companies remain competitive
  • Household essentials leads investments in automation and new supply chain technologies

Case study: Arrival – using microfactories to produce electric vans

  • Manufacturers place more focus on e-commerce/omnichannel distribution
  • Digital tools enable companies to create new revenue streams
  • The automotive industry is engaging the most in global scenario planning

Case study: Shell uses scenario planning to identify post-pandemic opportunities

  • Manufacturing-as-a-Service offers greater flexibility and customisation

Case study: Gilead Sciences and Pfizer collaborate to speed up production

Case study: Kaeser Kompressoren – selling desired outcomes to customers

  • Benefits of digital technologies
  • Streamlined production process can lift production efficiency
  • Digital tools can help to reduce production downtime
  • Better supply chain management to reduce transportation costs

Case study: Taylor Farms uses digital tools to improve logistics

  • Higher innovation level to help drive revenue growth

Case study: Caterpillar’s machinery simulation

Case study: Philips Lighting uses tracking system

  • New production methods enable product customisation

Case study: Ford’s AI-equipped robots for flexible manufacturing

  • Potential challenges in digital transition
  • How companies can overcome challenges in digital transformation

Conclusion

For more information about this report visit https://www.researchandmarkets.com/r/na1a3f


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First published on Fri, Jul 15, 2022

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