Welcome to Rootstock Software’s first Manufacturing News Roundup of 2022. This is the time of year when manufacturing industry analysts make their predictions for the coming year, so our News Roundup for this month’s focuses on those predictions, as well as a few other stories of interest.
U.S. Manufacturing Production Near Three-Year High in November
Reuters reports that production at U.S. factories in November 2021 increased to its highest level in nearly three years. The manufacturing output index increased 0.7% last month to 100.6, the highest level since January 2019, according to the Federal Reserve. That increase comes after a 1.4% boost in production in October.
US Manufacturing Rising
Industry Week published their annual review of manufacturing expansion across the United States, proclaiming that there is “a lot to be excited about.” The annual review dives into some very encouraging data on manufacturing plant construction, and then focuses on two companies that recently broke ground on new plants – fitness company Peloton Interactive Inc. and solar module manufacturer First Solar Inc.
What Are the ERP Trends That Will Truly Matter in 2022?
ERP News presents its take on the major trends in ERP software to look for in 2022. Trends covered in the article include fully mobile ERP software, advanced data analytics, hyperautomation and AI.
Deloitte’s 2022 Manufacturing Industry Outlook
Deloitte’s 2022 industry outlook for manufacturing sees positive economic indicators despite the labor and supply chain challenges the industry currently faces. The article describes manufacturing industry trends such as workforce shortages, smart factory initiatives and cybersecurity, that can help companies “turn risks into advantages and capture growth.”
Predictions 2022: Top-Tier Manufacturers Will Prioritize Creativity and Sustainability
In this article, Forrester Principal Analyst Paul Miller offers his predictions for manufacturing in 2022. According to Miller, if companies want to thrive and grow, they must do more than just cope with present challenges. He says that investors, employees, partners, suppliers, and customers expect more, and his predictions reflect that belief.
Closing the Management Gap
This article from Industry Today describes how resilient manufacturing firms not only include digital supply chains and intelligent lots, but also include knowledgeable management. According to the article, that kind of resiliency requires companies to invest in a management system that is parallel to their technology investments.
Five Predictions for 2022, ‘The Year of the Smart Factory’
Industry Week dives into the subject of digital transformation with their 2022 predictions for smart factories. Their predictions include full-scale smart factory adoption, advances in big data, and autonomous mobile robots.
Where Manufacturing’s Been—and Where It’s Going?
In this Industry Week article, three manufacturing industry veterans look at the future of manufacturing through the lens of recent history. The article describes how looking at critical moments in the past 30 years provides insight into where the manufacturing industry is headed as it evolves.