Remove 2026 Remove Manufacturing Remove Sourcing Remove Tools
article thumbnail

Only as Good as Your Data: Why Supply Chain Digital Twins Require Real-Time Data Unification

ToolsGroup

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. Digital Twin Applications For instance, say you’re a manufacturer or distributor. Are you a manufacturer wondering how best to leverage real-time data to elevate your business performance?

article thumbnail

How Does ERP Help Small Manufacturing Businesses Grow?

OptiProERP

The global pandemic has brought significant changes in the manufacturing industry. To grow, small manufacturers need to rethink their production processes and consider digital solutions. Many small-scale manufacturers are ready to go digital but investing in a new ERP system raises some concerns for them. from 2019 to 2026.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Trends That Will Transform Manufacturing in 2023 & Beyond

RFgen

Supply chain optimization and attracting talent will continue to be top-of-mind for manufacturers. Artificial intelligence (AI) is most likely to transform the manufacturing sector. Manufacturing has changed dramatically in recent years. With recent advances, AI will accelerate to become outsized in manufacturing trends in 2023.

article thumbnail

100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Overcome supply chain challenges – and maximize margins in the face of inflation – with retail planning software and demand forecasting tools. Source: Consultancy.UK. Image source: Fortune. Intel ).

article thumbnail

Intelligent BOM Management Drives Manufacturing Success

Arena Solutions

Most manufacturing companies must rely on many supply chain partners to design and deliver products to their customers under budget and ahead of schedule. billion in 2018, with estimated expansion at a CAGR of 7% through 2026, according to Grand View Research. Indented bill of material (BOM) pictured above with revision detail.

article thumbnail

Stringent Reporting Regulations Require Data Integrity

Logistics Viewpoints

For example, once the permanent CBAM system enters into force on 1 January 2026, importers will need to declare annually the number of goods imported into the EU in the preceding year and their embedded GHG emissions. Across the globe, requirements for stricter reporting on complex metrics are increasing.

Report 252
article thumbnail

A vision for a transparent global Rare Earth Element system using blockchain technology

Provenance

It is forecasted that by 2026, demand will mainly be linked to the rise in clean energy technology, in particular for neodymium-iron-boron (NdFeB) magnets –– critical components for electric and hybrid vehicles as well as wind turbines. Get in touch here. Introduction. The demand for Rare Earth Elements (REEs) is increasing.