You may unsubscribe from the newsletters at any time. This has prompted many manufacturers to diversify sourcing by adopting a “China, Plus One” strategy or near-sourcing. In recent years, many manufacturers have opted to transition from a traditional business-to-business (B2B) model to a business-to-consumer (B2C) model. Milestone Research working with the Milestone thought leaders has compiled the following predictions and trends to help the community plan for 2021. It should be a part of everything you do," he said. 3D Printing Makes Production Faster & Cheaper That is not because we didn’t try it; it’s because we had almost no base from which to build here in the U.S.”. Manufacturers that intend to survive in this new era must fully embrace Industry 5.0 and reimagine the future of their companies — and the sooner, the better. This renewed focus on employee safety even extends as far as field service; in order to minimize contact, technicians will need to be more prepared for each job so that they can quickly complete open work orders. Digital Marketing We can expect both reshoring and near-sourcing to be leading trends heading into 2021, as manufacturers attempt to reduce or eliminate entirely dependencies on foreign materials. Adobe Stock. But with the pandemic still a reality and budgets rightfully under scrutiny for 2021, it also means taking advantage of and realizing the value of the technology that you already have — and finally retiring the technical debt holding you back. Mobile share of traffic will start growing again as the pandemic and the stay-at-home efforts wrap up. Distributed cloud, AI engineering, cybersecurity mesh, and composable business drive some of the top trends Gartner has identified for 2021. is a leading authority on technology, delivering Labs-based, independent reviews of the latest products and services. Companies looking for more of an edge will abandon free CMS software in favor of well-built and maintained paid software. In picking the top predictions for next year, Gartner emphasized the human condition, discussing such things as augmenting humans and the behavioral consequences of AI. A New Approach to ERP In-person conferences will return to the marketing and sales operations of most companies. Implementation of Contactless Payment Options. Information provided by Benetrends Inc. is not intended to be used as legal or accounting advice, or as the sole basis for investment decisions, nor should it be construed as advice designed to meet the particular needs of an individual investor. CIOs will be charged to fill the gaps between what the technology can do, what the business can do, and what the business wants to do. All rights reserved. Research from Salesforce MuleSoft and third-party findings highlight some of the top 2021 trends facing CIOs, IT … For many manufacturers, this presents an exciting opportunity. He suggested that people should be able to opt out of things they want to opt out of. We'll assume you're ok with this, but you can opt-out if you wish. Most companies will employ a hybrid work model, with fewer people in the office and more full-time, remote employees. Developer Velocity: Empower Developers to be More Agile, Innovative, and Productive, Webinar: Customer Insights in a Day, Vietnam, news stories about mass layoffs and furloughs. $135 billion drop from 2019’s spending peak. PCMag Digital Group. By 2025, 75 percent of … tmwi Appoints Digital Marketing Expert Kaled Miah as Senior Account Director – Ad Tech Daily, 14 Long-Term Digital Marketing Strategies For Your Real Estate Business. A whopping 98% of organizations report that a single hour of downtime costs them over $100,000. This would lead to "all sorts of possibilities to change the things we have done." Now, he said new technologies are automating more processes, and this has been accelerated in the response to the pandemic. Though the Internet of Things (IoT) is becoming a more common, widespread technology in the manufacturing industry, it remains at the top of trends lists year after year for its adaptability and innovation — and this year is no exception. Prior to COVID-19, reshoring — that is, bringing imported goods or materials back to domestic production — was already well on its way to becoming common practice amongst U.S.-based manufacturers. Learn about the trends that will shape the business landscape in the year ahead in this overview to our 2021 predictions.

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