Three Predictions for 2022
As always, the industrial world continues to evolve. The following are several predictions that could change the future of manufacturing.
Asset Operations Management
In 2022, manufacturers will need to consider Asset Operations Management to meet ongoing challenges. These challenges include growing global competitiveness, inventory and supply chain management, and upskilling existing employees. There are many benefits offered by Asset Operations Management. Generally, it brings a company’s technician services, passive and active data, and unique operational blueprint together, making it more efficient for all employees to have the information, training, and equipment to be successful.
Manufacturers will need to be more aware of environmental, social, and governance (ESG) issues as these current trends will increase in focus in the years to come. Ecological accountability has been a critical issue for decades and regulations in this area continue to develop. Manufacturers need to improve transparency in ESG initiatives. It also seems likely that reporting on nonfinancial matters will increase making this a trend to watch in 2022.
The conflict in the Ukraine has only heightened the focus on cyberattacks. Now more than ever, cybersecurity is an essential concern of every manufacturer. Business and client data, processes, or finances can be at risk from cyber criminals, causing devastating financial losses and safety risks. Risks to supplier networks, production, and workers, as well as more regulatory oversight, will cause manufacturers to enact procedures to protect against cyberattacks. Additionally, this improvement in cybersecurity will increase the ability to rebound in case you are a victim of a cyberattack.