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      Pandemic Reveals Opportunities for Manufacturing Innovation

      Pandemic Reveals Opportunities for Manufacturing Innovation

      May 14, 2020 3:34:06 PM

      More than 60 percent of manufacturing employees surveyed by MC Machinery said the pandemic has revealed opportunities for innovation, most notably collaborative manufacturing and automation. 

      More than 350 people participated in the online survey between April 24 and May 1. The respondents represented all types of manufacturers, including job shops, automotive, food, mold & die, aerospace, medical, and energy. Eighty-six percent work for or own manufacturing companies with under 200 employees.

      Eighty-two percent of respondents were working on-site at essential businesses, and 30 percent were manufacturing COVID-19-related products, including personal protective equipment, ventilator parts, testing supplies, hand sanitizer, and hospital equipment.

      Sixty-two percent of respondents said the pandemic revealed manufacturing innovation opportunities. The biggest opportunities cited were collaborative manufacturing (29 percent), automation (21 percent), supply chain (17 percent), and virtual training/education (14 percent.) 

      Sales have been the part of manufacturing companies most impacted by the pandemic (48 percent), followed by production (25 percent) and supply chain (17 percent), the survey found. Ten percent of respondents said sales, production, and supply chain were impacted equally. 

      However, 37 percent of survey respondents said there will be a low, short-term negative impact on revenue from existing customers. Thirty-eight percent said it is too soon to tell, 20 percent expect a high, long-term negative impact and 5 percent expect no impact.

      “This survey illustrates how versatile and proactive the manufacturing industry is,” said MC Machinery Marketing Manager Isabel Florence. “Not only are many manufacturers stepping up to help produce vital healthcare equipment and products, but they are also looking for ways to innovate and improve.” Read Full Article

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