Manufacturing Trends for 2022
Some of these trends we’ve been hearing about for years, such as onshore rather than offshore, are mostly due to the supply chain issues we’ve been dealing with. But there are other trends also impacting the industry that you should know about.
Trends Impacting Manufacturers
Additional trends impacting manufacturers include:
- Improving operations to support eCommerce and quality customer experience shifted from B2B to B2C over the past year. Top priorities include fulfillment, rapid delivery, secure payments, and more.
- 3D printing has made a big splash in the manufacturing realm recently providing manufacturers with the opportunity to create goods from materials produced in layers by 3D printing. This is mostly seen in the aerospace, defense, and automotive industries.
- Predictive maintenance technology is another trend that could help you to reduce downtime and increase cost efficiencies.
- Worker shortages plaguing the industry might be modified by increasing automation on the plant floor or back office. AI, machine learning, and smart machines can help you to improve decision making, increase quality, expand consistency, and amplify uptime.
- Costs of energy and materials are rising. If sustainability hasn’t been on your mind, now’s the time to begin thinking about it. Regulations are tightening, while consumers and brands are gravitating toward more sustainable options. Now’s the time to think about how you can connect the dots between sustainability and profits.
According to Deloitte, more than 80% of manufacturers believe that talent pools are critical to their competitiveness. In addition, 41% have formed relationships with technical education institutions to develop their employees for the future.
At MHCS, we can help you address the trends head-on. With over seven decades of serving Iowa manufacturers and distributors, we understand the challenges, opportunities, and goals you and your peers face in the marketplace. We offer a blend of manufacturing industry knowledge, technical expertise, and valuable solutions focused on addressing your production, operations, and regulatory demands.
Let’s connect the dots together to help your manufacturing business to succeed in the coming years. Contact MHCS CPA today.
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