What the post-COVID-19 world could look like for manufacturers

What the post-COVID-19 world could look like for manufacturers

The corona virus is already the watershed moment for 2020. The virus that started like a minor issue in China quickly spread like wildfire, and soon enough, just about every continent has now had to deal with it in one way or the other over the course of the past few months. So far, the bad news is that over a million people around the world have died as a result of the pandemic. The good news, however, is that people and countries are starting to reopen and find some sense of normalcy. After being shut down for months, things are starting to go back to normal and sectors of the economy reopening again. However, it’s also worth noting that certain industries just won’t be the same. The pandemic has exposed some important flaws in the way we do things as countries and economies, and everyone will have to find a way to adjust in one way or the other. One of the most affected industries has so far been manufacturing. Manufacturing companies, warehouses, and more have gotten to a point where the leanest roles and operating techniques are the ones that will guarantee the survival of companies. So, it’s only worth noting how the manufacturing industry might look once it resumes to full capacity — even amid a global pandemic. 

Improved manufacturing efficiency 

It will be important for manufacturers to consider how best to tweak their processes and make for more profitability. Manufacturers understand that the lock down period has seen any industries cut back on their activities. When the economy roars back to life and things get back to normal, they will be required to meet up with growing demand. So, the topmost priority will be to bolster activities on all fronts. 

Downsizing and staff cuts

Another significant way that companies in the manufacturing sector will change post-COVID-19 will be concerning their workforce numbers. Already, we have seen cases where companies have had to cut staff to remain profitable. The sad truth is that this will most likely continue. Inasmuch as it means that people will lose their jobs, a lot of manufacturing firms will see it as a means of optimizing their workforce and getting more out of their workers. At the end of the day, it means that less people will take on more work. 

Automation and its predominance

This is another trend that already began before the pandemic hit. Manufacturers have come to understand that humans can be frail in the line of work. We’re only mortal, and there’s only so much we can take. In the spirit of being profitable and keeping operations intact, companies would also have to look into getting more machines to take on tasks. Where redundancies can be eliminated, they will be – if that means getting more machines and robots to handle tasks, then this is what will have to happen. Like the point above it, this also means that more people will find themselves out of work. It might be sad, but it’s the reality of things. 

Visibility and sustainability for inventory and supply chains

Another important trend that we will see after the pandemic will be the replacement of global outsourcing processes with risk-mitigation algorithms that can change based on various factors. Supply chains will be heavily digitized, with technology concepts like IoT, RFIDs, and blockchain taking more of a central role. These will ensure that companies can seamlessly transfer data without human input. All in all, the end result will be a supply chain system that runs much more smoothly.

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