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Industry 4.0 and RACER
As the back-to-school season approaches, the manufacturing industry is gearing up for an exhilarating journey towards excellence with back-to-school manufacturing trends! Just like students preparing for a successful academic year, manufacturers are embracing smart manufacturing trends that demand resilience and agility. With 68% of global manufacturing companies prioritizing improved resilience and agility, it’s time to seize the amazing opportunities that lie ahead.
“As the industry recovers, resilience is the key theme giving rise to the
trends that are altering the global manufacturing landscape.”
– Josh Howarth
Take a peek at the top 5 trends that will shape the future of manufacturing in the upcoming academic year:
AI & Advanced Analytics
Embracing AI and machine learning has become crucial in driving manufacturing efficiency. Searches for “Machine Learning” have risen by an astonishing 850% over the last decade. From quality inspection to supply chain management, AI-based decision-making is making a significant impact on revenue savings.
RACER on Trend:
Some of our CNC machines that can be automated, taking manufacturing to new heights of productivity.
Predictive Maintenance Solutions
Predictive maintenance, utilizing Internet of Things (IoT) and big data analytics, reduces downtime by 30%-50% and increases machine life by 20%-40%. Digital twins enable data-driven simulations to improve decision-making in factories, with “Digital Twin” searches growing by 280%.
RACER on Trend:
We’ve embraced Siemens SINUMERIK ONE Digital Twin technology since 2020, ensuring your machines operate at their peak performance.
Check out our YouTube channel to learn more: Racer Machinery International – YouTube
Diversity in Hiring
Manufacturers are prioritizing diversity, with 64% making diversity in hiring efforts a key focus. The Pledge of Action aims to create 300,000 job opportunities for minorities by 2030. Encouraging training and investing in skill development attracts young, talented employees.
RACER on Trend:
We’re committed to inclusive hiring, reaching out to talent beyond geographical boundaries.
Pursuit of Carbon Neutrality
Manufacturing contributes 24% of greenhouse gas emissions in the US. Companies like Dalmia Cement and Klöckner & Co are leading the way in pledging towards carbon neutrality. Governments are funding decarbonization programs to align with global sustainability efforts.
RACER on Trend:
We’re pioneering Phantom Machine Technology, striving to minimize our carbon footprint and promote eco-friendly manufacturing.
Read more about Phantom Machine Technology at: Phantom Machine Technology – Racer Machinery International Inc. (racerinternational.com)
Additive Manufacturing Advancements
3D printing is becoming a cost-saving method for manufacturers, streamlining supply chains. The market for metal 3D printing is projected to reach $11.6 billion. Companies like Pankl Racing Systems and Mantle are utilizing 3D printing to boost production efficiency.
RACER on Trend:
We’ve announced exploring DED technology in 2022 on social media, staying at the forefront of additive manufacturing advancements.
Check out our post: Racer Machinery International DED Social Media Post
As the manufacturing industry gears up for the back-to-school season, adopting smart manufacturing trends is essential for success. From smart factories and AI-driven efficiencies to carbon neutrality and cybersecurity, these trends will reshape the industry’s future. By embracing innovation and staying resilient, manufacturers can ensure a successful academic year ahead and stay ahead of the competition.