Posts

Top Trends in Industrial Manufacturing

Image
  Top Trends in Industrial Manufacturing Manufacturing is still growing and developing very fast. But to properly adapt to the changes, many factories and companies will need to face a lot of challenges in 2022. The new year is a good time for setting new goals and trying to overcome disruptions. In past years most common were labor shortages so the key now is to attract new potential employees. Besides that, companies were fighting supply chain problems and workers' adaptation to automation.  In the past two years, the Covid pandemic had the biggest impact on the way many businesses were working. Both 2020 and 2021 were difficult years for industrial sectors. But what about the year 2022? Is your company ready to face new challenges? This article will go through the current trends that will shape manufacturing in 2022. Smart Manufacturing In today’s world, the most important thing is the right adaptation to technology. Past decades proved that technology is the right directio...

Opportunities In The Indian Manufacturing Sector

  Opportunities In The Indian Manufacturing Sector  India is on the path to becoming a global manufacturing hub and has the potential to export goods worth USD 1 trillion by 2030. The manufacturing sector holds a prominent position in the Indian economy, accounting for 17% of the country’s GDP and employing over 27.3 million people. The government of India is aiming to increase the share of manufacturing in the overall economy to 25% by 2025 by introducing various schemes and policies. India is now well-positioned to take advantage of China’s deteriorating competitiveness due to its low product quality, trade conflicts, and border disputes. A ban on the import of Chinese products has created huge opportunities for Indian manufacturers. The Indian manufacturing sector can potentially add more than $500 billion annually to the global economy by 2030. India is ranked 63 in ease of doing business in 2020, which is an improvement drastically from where it was at 142 in 2014.  ...