How manufacturers are pivoting
It is survival of the fittest and manufacturing has taken a hit. Despite the coronavirus pandemic, virtually all manufacturers—98.7%—have continued or only temporarily halted operations, according to the “Manufacturers’ Outlook Survey: Second Quarter 2020” by the National Association of Manufacturers (NAM). The survey included results from 14,000 large and small manufacturers and is released quarterly. To survive in the new world, manufacturers are looking at new ways to innovate. Here is how they are adapting, according to the survey:
Reevaluating the mission of the company
12%
Producing new products or services (e.g., PPE items)
22%
Reengineering the production process or operations with “social distancing” in mind
67%
Reevaluating what work can be done remotely, where possible
77%