Copyright © 2020 Digital Commerce 360 | Vertical Web Media LLC, A digital manufacturer looks at what’s next after COVID-19, complimentary subscription to Digital Commerce 360 B2B News, Protolabs deals with the ups and downs of the pandemic, How Protolabs plays a crucial role in the COVID-19 battle, As its revenue dips, Protolabs sets a new digital growth strategy, Protolabs posts a modest gain in Q3 digital sales. As collaboration increases, manufacturers improve production decision-making, reduce inventory levels, increase customer responsiveness and boost enterprise agility. During the chaos, what emerged was the importance of embracing resilience and innovation to effectively manage each of these severe disruptions. The transformative potential of Industry 4.0 and the digital supply chain is immense and crucial for manufacturing and the supply chain to become once again fluid, productive, and profitable in a post-COVID-19 world. A drop in net income to $26.6 million for the period ended June 30, from $31.7 million in the same period in the first half of 2019, also led to further belt-tightening, including salary hits for executives and others. Siemens Digital Industries information for customers and partners about COVID-19 and how Digital Industries is supporting our customers in times of COVID-19. $9 per week. Together with our global digital manufacturing community, we are mobilizing our technology, experience, and production capacity to help deliver critical parts in the effort to battle the COVID-19 pandemic. Integrating digital tools for manufacturing process development, control and data analytics brings data together in ways that enhance visibility system-wide. Going forward, Protolabs will focus on its Protolabs 2.0 initiative, the company’s moniker for its strategic plan to relaunch its ecommerce and back-end business-management software systems in the second half of this year. $1,000.00 Abstract. For example, the company’s digital-first approach to product configuration, manufacturing and order processing suits the times ideally. Digital Twins: The Vision. The economic and social downturn caused by COVID-19 will create a much deeper divide between manufacturers who have just started to digitize and those who are much further ahead on their digital journey. In an era of constant disruption, manufacturers need to start thinking about ways to effectively boost digitalization and confidence that their ERP can meet next-generation requirements – if they have not already started. According to BDO’s Benchmarking Survey, “Real-time transparency can help companies more proactively identify specific areas of risk early on, or more quickly notice and respond to disruption that occurs.”. Historically, many manufacturing firms have created forecasting and planning processes that rely on information that includes outdated demand patterns. “We are focused on bringing more digital technology for quality control,” Holt says. Manufacturing Global Magazine is the ‘Digital Community’ for the global Manufacturing industry. And Demystified. Protolabs also has learned a few things about itself, Holt says. Manufacturing organizations continuously complain about the lack of information between the shop floor and planning activities. With the pace of change accelerating worldwide, speed and responsiveness is everything. “We were able to pivot pretty quickly,” Holt says. Ways to digitize and pivot in responding to changes in supply chain structures and product flow. This article is available to subscribers who have digital access included in their subscription. There are four main areas where ERP and digital transformation can stimulate operational efficiencies and business agility. The company’s “digital approach to manufacturing enables accelerated time to market, reduces development and production costs, and minimizes risk throughout the product life cycle,” a spokeswoman says. Digital Manufacturing Company Pivots to Support COVID-19 Response COLUMBIA, S.C., April 07, 2020 (GLOBE NEWSWIRE) -- A digital manufacturing company has overhauled its business model to become one of the largest producers of reusable face shields in the U.S. ZVerse is currently producing 50,000 shields per day. Investment in digital skills powering UK manufacturing through COVID crisis. Three panelists discussed the importance of leadership to recover from the pandemic using the tools of Manufacturing 4.0. In the era of digital transformation, it’s essential that firms can access real-time customer behavior, which can illuminate changing patterns and be used by management to adjust supply chain responses in accordance with customer expectations. References. Now more than ever, strategies need to be reshaped, plans need to be adjusted, and questions need answers. Speakers during a panel discussion at MedExecWomen’s virtual Fall Forum, “At the Cutting Edge of Digital Health,” believe so. The need to augment workers with technology stems in part from four major trends that are transforming the manufacturing landscape: retiring baby boomers, regionalization, the proliferation of shop-floor data, and now COVID-19. There has been an unprecedented amount of research carried out over the last year to develop vaccines, drugs, and diagnostic tests to combat the Covid-19 pandemic. Siemens re-engineered the platform to provide contact tracing within manufacturing facilities, including their own. More and more industrial workers are using mobile apps, wearable technology and augmented reality solutions to carry out day-to-day tasks. $1,000.00 Abstract. The need to augment workers with technology stems in part from four major trends that are transforming the manufacturing landscape: retiring baby boomers, regionalization, the proliferation of shop-floor data, and now COVID-19. But Protolabs is coming back and expects revenue in the third quarter to range from $98 million to $110 million as the U.S. and European manufacturing markets slowly recover, CEO Vicki Holt tells Digital Commerce 360 B2B. It is also an opportunity for manufacturers to take a fresh look at their operations and take bold steps to convert these challenges into opportunities for diversification and growth. ... Digital & Print Weekend Papers + Everyday Digital. The world of Proto Labs Inc.—a Minnesota product maker that sells entirely online and describes itself as among the world’s most digitally advanced manufacturing companies—changed mightily when the global COVID-19 pandemic began hitting home in March. Avoiding Four Common Digital Transformation Obstacles. The last six months have shown that digital has been crucial in making it possible for manufacturers to continue production successfully against a backdrop of COVID - highlighting the need to ramp up digital skills within the manufacturing sector even further as companies move to build future resilience and boost productivity. While the coronavirus is the most widespread and impactful business disruption manufacturers have recently experienced,, leaders consistently prepare for unplanned events like labor shortages, natural disasters, geopolitical issues and other events. Platform Transitions from Asset Tracking to Contact Tracing. The COVID-19 pandemic highlights the importance of supply chain management and remote work. The Association of Suppliers to the British Clothing Industry (ASBCI) will explore the skills that clothing and textile businesses will need to navigate the post-Covid era in a webinar next month. 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