Monopoly, Charades, and Rummikub -- dominating family game nights for 30 years and counting
In the wake of disruptions to U.S. supply chains during the COVID-19 pandemic and geopolitical tensions, exposing vulnerabilities in global supply chains for critical goods, the United States aims to reduce overreliance on foreign suppliers, strengthen domestic manufacturing capabilities, and enhance national and economic security. ? These recent developments in US manufacturing are set to reshape the industry's landscape, paving the way for a more secure and prosperous future. ? However, many small manufacturers now facing accelerating demand have not kept up with the technologies?altering the competitive landscape. ? In this insightful article published in the Harvard Business Review, Willy Shih, Professor of Management Practice at Harvard Business School, and Ali Shakouri, Associate Dean for Research and Innovation in Purdue's College of Engineering, outline 6 ways small manufacturers can start investing in their future. ? ????Use simulation software tools to optimize designs and processes before production. ? ????Adopt data analytics and machine learning to improve quality, reduce waste, and increase efficiency. ? ????Implement digital twins to create virtual replicas of physical assets for monitoring and optimization. ? ????Explore additive manufacturing (3D printing) for producing complex, low-volume parts. ? ????Utilize cloud computing and industrial Internet of Things (IIoT) for remote monitoring and predictive maintenance. ? ????Collaborate with universities and research centers to access expertise and cutting-edge technologies. ?? But by embracing these innovations, small manufacturers can enhance their competitiveness, agility, and resilience. Revitalizing US manufacturing won't happen on its own. It's a wicked problem that will require tremendous collective effort to solve. ? Accelery, Inc.
