Strategies to protect our supply chains. The consequences of Covid caught us off-guard. Suddenly we realized how vulnerable our supply chains are. Do we now have to abandon the just-in-time principle that has proven itself for decades? Below we present four strategies to better protect our production systems from shocks. Facts:
- Industrial OEM manufacturers of lower-volume, higher-mix wire harnesses desperately need to push automation.
- A digital ecosystem that provides production transparency can produce valuable data to understand and avoid unexpected supply disruptions.
- According to one study, companies with smart factory initiatives are experiencing 10% higher production output, 11% higher capacity utilization, and 12% higher labor productivity.