They will need to brainstorm solutions to deal with these potential problems. This includes rethinking the approach to globalization. Some manufacturers are likely to bring jobs back, so they don’t worry about global supply chain distribution problems. They must also have backup options for their suppliers because they have learned from the pandemic that a single supplier can be devastated by a pandemic or natural disaster.
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There will be a greater focus on employee health and well-being.
Companies in virtually every sector are facing significant employment shortages. The manufacturing industry is no exception.
One of the biggest reasons many employees are reluctant to return to work is that they are still concerned about contracting COVID-19. One poll found that 33% of people that have not returned to work are doing so because they are afraid of getting infected.
This underscores the concerns that employees have about their health. Manufacturing companies are starting to realize they need to do more to promote well-being. The pandemic might have opened their eyes to this issue, but the lesson will need to be applied in other ways. They will need to do more to prevent accidents at work, help with stress management and implement other policies to keep employees safe and healthy.
Manufacturers are investing more heavily in automation and artificial intelligence.
Every industry has been affected by advances in artificial intelligence. However, the manufacturing sector has been more dependent on AI than most other companies.
