The COVID-19 pandemic brought to light a stark reality about current supply chains. As Nissan Motor Co.’s Chief Operating Officer Ashwani Gupta points out, “The just-in-time model is designed for supply-chain efficiencies and economies of scale. The repercussions of an unprecedented crisis like COVID highlight the fragility of our supply-chain model.” The U.S. supply chain … [Read more...] about How Small Manufacturers Can Develop Risk Management Strategies for Supply Chains
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Fusing High Performance and Manufacturability with SDfM
Simulation technology is continually advancing to model increasingly real-world product behavior; however, many companies lag in its adoption. A recent survey found that only 37 percent of respondents said they applied manufacturing simulation during the product design phase. The vast majority were checking product manufacturability only once the design was … [Read more...] about Fusing High Performance and Manufacturability with SDfM
Big Data Analytics in Manufacturing Industry
Manufacturing is one of the most important industries in the world’s economy. It accounts for ~16% of global GDP in 2019 and has generated an output of 13.9 trillion globally. US and China are the leading manufacturers globally, accounting for 4 trillion and 2.5 trillion manufacturing output respectively in 2019. India stands at 5th position with 0.42 trillion output, … [Read more...] about Big Data Analytics in Manufacturing Industry
Why the growth of climate and ESG inside boardrooms gives me hope
There has been a plethora of reports or surveys this year about the ESG and climate competencies of boards of directors around the world. This is definitely a good thing. Tensie Whelan from the NYU Stern Center for Sustainable Business set the tone in January with a new study examining ESG competencies in boardrooms. According to the report, U.S. Corporate Boards Suffer … [Read more...] about Why the growth of climate and ESG inside boardrooms gives me hope