By Brent Lazarenko, Head of Innovation, InterVision
It’s no longer the simplified industrialist worlds of Henry Ford, Samuel Slater, or Frances Cabot Lowell. Instead, new innovations in technology such as the cloud, 3D printing, robotics, and Artificial Intelligence (AI) have driven new approaches to efficiency on the manufacturing floor and streamlining the supply chain process. Now with changes to global tariffs in the news, the manufacturing world is expected to reshape itself further.
Modern-day manufacturers face a growing list of challenges: higher production costs, equipment failure and maintenance, and bottlenecks in the supply chain to name a few. Some of these challenges are not necessarily new, but new in their nuances. As a result, companies are searching for innovative ways to cut unnecessary costs, decrease downtime, and improve supply chain logistics. That’s where the use of AI can offer potential for a competitive edge.
