Rooted in three core principles of social responsibility, environmental regeneration, and economic success, circular manufacturing is not just theory anymore.
New orders for manufactured goods contracted for the sixth straight month through February, and manufacturing output is down 1.7% from its post-pandemic peak.
Japan faces a global slowdown, the soaring cost of raw materials and calls for firms to raise wages for their workers to help ease a cost-of-living crisis.
Variable market conditions and a continuously shrinking workforce have drastically crippled supply chains in recent years. Automation is the only viable option for companies looking to address labor shortages and optimize operations during times of peak demand.
Germany’s economy has faltered because of the energy crisis. German GDP fell by 0.4% in the final three months of 2022, according to data published February 24 by the country’s Federal Statistics Office.
Digitization efforts across manufacturing have created new opportunities with digital twins, predictive maintenance and cloud systems. And while these technologies are changing the industry, we have an opportunity to do more.
The COVID-19 pandemic exposed how little organizations knew about their supply chains. Building strong resilient supply chains will require a conscious development of collaborative supplier relationships to actively drive transformation.
The latest supply-chain news, analysis, trends and tools for executives in the industrial manufacturing industry. Learn how industrial manufacturing companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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